St. Louis Fed’s Musalem says tariffs could trigger more persistent inflation
By Howard Schneider(Reuters) – Risks have increased that U.S. inflation will stall above the Federal Reserve’s 2% target or even rise further in the near term, with rising import taxes potentially triggering more persistent price pressures, St. Louis Fed...
Nasdaq short interest up 2.2% in mid-March
(Reuters) – Short interest on the Nasdaq rose about 2.2% in mid-March, the exchange said in a statement released late on Tuesday.As of March 14, short interest rose to about 15.66 billion shares, compared with 15.33 billion shares at the prior settlement period,...
BofA raises gold price forecasts for 2025, 2026
(Reuters) – Bank of America (BofA) has raised its gold period average forecasts for this year and next, while highlighting that uncertainty arising from U.S. trade policies will continue to lend support to prices in the near-term.BofA now expects gold to trade...
US Senate confirms Trump’s picks to lead FDA, NIH
(Reuters) -The U.S. Senate on Tuesday confirmed President Donald Trump’s nominees Martin Makary and Jay Bhattacharya as heads of the Food and Drug Administration and the National Institutes of Health, respectively.The Republican-controlled Senate voted 56-44 to...
US oil, gas activity rose in first quarter, but energy execs wary of tariffs, Dallas Fed says
By Curtis Williams and Georgina McCartneyHOUSTON (Reuters) – U.S. oil and gas activity increased slightly in the first quarter, but energy company executives were pessimistic about the sector’s outlook, wary of new trade policies from President Donald...
Trump sets Wednesday press conference for auto tariffs, White House says
(Reuters) -U.S. President Donald Trump plans to hold a press conference on Wednesday afternoon to announce tariffs on automobile imports, the White House said.Trump had said on Monday that the long-promised tariffs on imported cars could come this week, even before a...
Rivian spin-off Also reveals it will make lightweight electric vehicles
By Akash Sriram(Reuters) – Micromobility startup Also said on Wednesday it has been spun-off from electric-vehicle maker Rivian Automotive with $105 million in Series B funding from venture capital firm Eclipse and will focus on lightweight EVs.Also will offer...
Coca Cola bottlers raided by EU antitrust regulators, source says
By Foo Yun CheeBRUSSELS (Reuters) – Coca Cola bottlers were raided by EU antitrust regulators earlier this month, a person with direct knowledge of the matter said.The European Commission announced the raids on non-alcoholic drinks companies in several EU...