By Juveria Tabassum (Reuters) -U.S. grocer Kroger bumped up its annual sales growth forecast on Friday and said it would invest in lowering prices to attract value-seeking consumers against a backdrop of tariff-induced uncertainty, sending its shares 7% higher. President Donald Trump’s sweeping tariffs have rattled global markets, raising fears of persistent inflation in the…
(Reuters) -The Federal Reserve’s latest Monetary Policy Report to Congress, released on Friday, said U.S. inflation is somewhat elevated and the labor market is in solid shape, but suggested that President Donald Trump’s tariffs have likely only begun to be felt and repeated the central bank’s view that it can wait for more clarity before…
WASHINGTON (Reuters) -The Trump administration said on Friday it had issued fresh Iran-related sanctions targeting eight entities, one vessel and one person for their alleged role in providing sensitive machinery for Tehran’s defense industry. “The United States remains resolved to disrupt any effort by Iran to procure the sensitive, dual-use technology, components, and machinery that…
By Tatiana Bautzer NEW YORK (Reuters) -Elon Musk’s xAi is increasing the yield it is offering on a $5 billion debt raise led by Morgan Stanley, a source with knowledge of the matter said on Friday. xAi is offering to pay 12.5% yield on $3 billion in bonds, said the source who asked for anonymity…
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By Jeff Mason and Susan Heavey WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday knocked Federal Reserve Chair Jerome Powell for what he expected would be a decision not to lower interest rates and said the man he put in the role during his last term had done a poor job. Trump, speaking to reporters…
By Stephen Nellis SAN FRANCISCO (Reuters) -SandboxAQ, an artificial intelligence startup spun out of Alphabet’s Google and backed by Nvidia, on Wednesday released a trove of data it hopes will speed up the discovery of new medical treatments by helping scientists understand how drugs stick to proteins. The goal is to help scientists predict whether…
By Deena Beasley and Julie Steenhuysen (Reuters) -The U.S. Food and Drug Administration on Wednesday approved Gilead Sciences lenacapavir, a twice-yearly injection, for preventing HIV infection in adults and adolescents. Gilead said the drug will be sold under the brand name Yeztugo. Investors and AIDS activists had been eagerly awaiting the regulatory decision for a…
By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell cautioned on Wednesday not to place too much stock in the central bank’s interest rate forecasts, which could change based on incoming data, especially on the inflation front. On a day when the Fed reiterated its expectation that its short-term interest rate target will be…
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