Fed’s Bowman: Fed independence is very important with respect to monetary policy-CNBC
(Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank’s ability to set monetary policy…
Trump tariffs take a $1 billion bite out of GM earnings; shares fall
By Nora Eckert and Nathan Gomes (Reuters) -General Motors’ second-quarter earnings took a $1.1 billion hit from tariffs, but the…
IMF warns tariffs aren’t the answer to global imbalances
By Andrea Shalal WASHINGTON (Reuters) -Global current account balances widened sharply in 2024, reversing a narrowing under way since the…
Boeing kicks off production of 777-8 freighter, the Seattle Times reports
(Reuters) -Boeing has kicked off production of its newest freight carrier, the 777-8, the Seattle Times reported on Tuesday. The…
Exclusive-Meta, X and LinkedIn appeal unprecedented VAT claim by Italy
By Emilio Parodi MILAN (Reuters) -U.S. tech giants Meta, X and LinkedIn have lodged an appeal against an unprecedented VAT…
U.S. homebuilders head into back half of 2025 with rising costs, tariff uncertainty
By Aatreyee Dasgupta (Reuters) -U.S. homebuilders are navigating several headwinds as they approach quarterly earnings reports, including rising costs of…
Democratic AGs sue to bar immigration requirements for Head Start and other federal programs
By Diana Novak Jones CHICAGO (Reuters) -More than 20 Democratic attorneys general on Monday sued to block a Trump administration…
Biogen beefs up North Carolina manufacturing ahead of potential drug tariff storm
(Reuters) -Biogen will invest $2 billion more in its existing manufacturing plants in North Carolina, the drugmaker said on Monday,…
Citi hires Vargas from JPMorgan to lead equity capital markets in North America
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup hired Bernal Vargas from JPMorgan Chase to lead its equity capital markets division…
US races to build migrant tent camps after $45 billion funding boost, WSJ reports
(Reuters) -U.S. Immigration and Customs Enforcement is racing to build migrant tent camps nationwide after receiving $45 billion in new…