Investors pull money out of US equity funds for a fourth straight week

Investors pull money out of US equity funds for a fourth straight week

(Reuters) -U.S. equity funds saw outflows for a fourth straight week through May 7, driven by uncertainties around trade tariffs and as investors awaited U.S.-China trade talks for more clues.Investors withdrew a net $16.22 billion from U.S. equity funds during the...
Trump says 80% tariff on Chinese goods “seems right”

Trump says 80% tariff on Chinese goods “seems right”

(Reuters) -U.S. President Donald Trump said on Friday that 80% tariffs on Chinese goods “seems right” as representatives prepared for weekend talks to contain a trade war between the world’s two largest economies.U.S. Treasury Secretary Scott Bessent...
Trump says he is OK with Republicans raising taxes on the rich

Trump says he is OK with Republicans raising taxes on the rich

WASHINGTON (Reuters) -U.S. President Donald Trump on Friday cautioned fellow Republican in Congress of the political consequences if they raise taxes on the wealthiest Americans, but added that he would be “OK” if they do increase to top tax...
Stablecoin bill fails to clear key hurdle in U.S. Senate

Stablecoin bill fails to clear key hurdle in U.S. Senate

By Hannah Lang(Reuters) -Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate. The setback is a blow to the crypto...