By Nathan Layne (Reuters) -The White House wants to defund a bipartisan board that advises the president and Congress on Social Security policy, two sources familiar with the matter told Reuters, as the Trump administration moves to cut costs and eliminate independent voices in government. The White House’s Office of Management and Budget has notified…
By Lewis Krauskopf NEW YORK (Reuters) -A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the prospect of global trade developments threatens to cause volatility at any time. The monthly U.S. employment report, data on first-quarter U.S….
WASHINGTON (Reuters) -China’s central bank governor on Friday criticized the U.S. for threatening global financial stability with its “recent abuse” of tariffs, in the wake of recent moves seen by both sides as efforts to de-escalate their trade war. “The recent abuse of tariffs by the United States has severely violated the legitimate rights and…
By Mike Scarcella (Reuters) -A U.S. judge has set a May 2 hearing to discuss remedies the U.S. Justice Department and a group of states might ask the court to impose on Google after it ruled the Alphabet unit illegally dominates two markets for online advertising technology. In an order on Friday, U.S. District Judge…
By Ananya Mariam Rajesh (Reuters) -U.S. spirits exports rose 10% in 2024 to $2.4 billion, according to a report by Distilled Spirits Council of the United States (DISCUS), driven by a surge in supply to the European Union, the biggest export market. The rise last year came amid fears of the potential return of tariffs…
By David French (Reuters) -Morgan Stanley Infrastructure Partners is exploring the sale of its majority stake in Brazos Midstream II, with a deal expected to value its holding at more than $2 billion including debt, three people familiar with the matter said. Brazos moves natural gas, natural gas liquids and oil from the wellheads of…
(Reuters) -The European Central Bank is set to consider changing its monetary-policy strategy to enable more nimble responses to price shocks as the global environment becomes increasingly volatile, Bloomberg News reported on Thursday. ECB Governing Council members will discuss the case for such a shift at an informal retreat on May 6-7 in Porto, Portugal,…
(Reuters) -A federal judge on Thursday blocked parts of President Donald Trump’s executive order seeking to impose new rules on U.S. elections, which Democrats and other groups said risked denying eligible citizens the right to vote. U.S. District Judge Colleen Kollar-Kotelly ruled that the Trump administration cannot enforce parts of the order requiring federal election…
By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Wednesday added four top executives, including Bayer AG CEO Bill Anderson and Hyatt Hotels CEO Mark Hoplamazian, to an initiative working to address barriers to private sector investment in developing countries. World Bank President Ajay Banga, former CEO of Mastercard, launched the Private Sector Investment Lab…
ROME (Reuters) -A Tesla senior executive has cancelled her attendance at a conference in Rome over fears of protests surrounding the carmaker in response to CEO Elon Musk’s right-wing activism. Tesla cars, infrastructure and offices have recently become targets of vandalism in several countries, including Italy. The group’s sales have nosedived along with its share…
