Trump says he won’t extend July 9 trade deadline, expresses doubt on Japan deal
WASHINGTON (Reuters) -President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the U.S., and continued to express doubt that an agreement could be reached with Japan.”We’ve...
Fed’s Powell says dollar swap lines remain important tool
By Michael S. DerbyNEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said Tuesday the U.S. central bank has no plans to change how it offers dollar liquidity to other official entities. Speaking on the matter of the Fed’s dollar swap lines system, Powell...
Despite last-minute changes, US Senate bill deals big blow to renewable energy
By Valerie VolcoviciWASHINGTON (Reuters) -The U.S. Senate’s massive budget bill that passed on Tuesday will make it harder to develop wind and solar energy projects, despite the removal of some contentious provisions, industry advocates and lawmakers said.The...
Trump to sign order lifting sanctions on Syria, White House says
By Andrea ShalalWASHINGTON (Reuters) -President Donald Trump will sign an executive order on Monday removing U.S. sanctions on Syria, the White House said, adding that some sanctions on former Syrian leader Bashar al-Assad and other individuals will remain in...
Apple loses bid to dismiss US smartphone monopoly case
(Reuters) -Apple must face the U.S. Department of Justice’s lawsuit accusing the iPhone maker of unlawfully dominating the U.S. smartphone market, a judge ruled on Monday.U.S. District Judge Julien Neals in Newark, New Jersey, denied Apple’s motion to...
Robinhood launches tokens allowing EU users to trade in US stocks
By Niket Nishant and Manya Saini(Reuters) -Robinhood said on Monday it has launched tokens that will allow its customers in the European Union to trade more than 200 U.S. stocks and exchange-traded funds, including Nvidia, Apple and Microsoft.The commission-free...
Fed’s Goolsbee sees no stagflation but ‘definitely’ things could get worse
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Monday said that with unemployment near 4% and inflation around 2.5% and falling, he sees no possibility that tariffs or another supply-side shock could in the near term cause actual 1970s-style...
US says it halts healthcare fraud schemes worth nearly $15 billion
WASHINGTON (Reuters) -The U.S. Justice Department said on Monday that it halted a series of healthcare fraud schemes that sought to bilk the federal government out of $14.6 billion.The operation, which the department called the largest healthcare fraud initiative in...