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Fed still on track for September rate cut after Trump’s move on Cook

By Michael S. Derby and Ann Saphir (Reuters) -President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook is unlikely to affect the U.S. central bank’s path toward cutting interest rates next month, but it creates new uncertainties about what happens after that meeting amid ...
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US FAA plans table-top exercises before it may lift Boeing 737 MAX production cap

PHILADELPHIA (Reuters) -The head of the Federal Aviation Administration said Tuesday the agency plans to conduct tabletop exercises with Boeing before it will consider lifting the 38-plane per month cap on 737 MAX production. “They still haven’t asked us to increase the rate, and we ...
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Analysis-Fed’s credibility is an asset whose decline could be costly

By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve may have been late raising interest rates as inflation surged in 2021, but measures of inflation expectations throughout that period showed broad belief that prices would cool, a fact that made the battle easier and less costly ...
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Consumer confidence worsened slightly in August

(NEW YORK) -- Consumer confidence worsened slightly in August, erasing some gains from the previous month and resuming a downward trend suffered at the outset of 2025, the Conference Board said on Tuesday.The souring of shopper attitudes followed a weak jobs report and a set of sweeping ...
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What shoppers can do to limit charges once the US ends a tariff exemption for goods under $800

NEW YORK (AP) — U.S. consumers have gotten used to shopping the world without paying customs duties on the international packages they receive from big e-commerce companies like Shein and Temu, specialty shops and businesses that sell goods through online marketplaces like Amazon, Etsy ...
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August consumer confidence dips in US with jobs, tariffs and high prices driving most unease

WASHINGTON (AP) — Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month. The Conference Board said Tuesday that its consumer confidence index ticked down by1.3 points to 97.4 in August, down ...
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A US tariff exemption for small orders ends Friday. It’s a big deal to some shoppers and businesses

NEW YORK (AP) — Low-value imports are losing their duty-free status in the United States this week as part of President Donald Trump’s agenda for making the nation less dependent on foreign goods and resetting global trade with tariffs. An executive order signed last ...
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AT&T snatches up wireless spectrum licenses from EchoStar for $23 billion

AT&T will spend $23 billion to acquire certain wireless spectrum licenses from EchoStar, a significant expansion of AT&T’s low- and mid-band coverage networks. AT&T said Tuesday that the licenses cover virtually every U.S. market — more than 400 total — which the company plans to ...
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RTX’s Pratt & Whitney secures $2.8 billion contract for F135 engines

(Reuters) -RTX’s Pratt & Whitney has been awarded a $2.8 billion contract action for production of its F135 engines, the company said on Tuesday. The contract will fund production of the engines that power Lockheed Martin’s F-35 jets for U.S. and international customers. Pratt & Whitney ...
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US could seek piece of defense companies, Commerce chief says

WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick on Tuesday defended President Donald Trump’s push for the federal government to take stakes in U.S. companies it does business with, saying it could move into the defense industry. “They’re thinking about it,” Lutnick told CNBC, citing Pentagon ...
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Elliott affiliate emerges as frontrunner in Citgo auction, filing says

By Marianna Parraga HOUSTON (Reuters) -A U.S. court officer said on Monday an affiliate of hedge fund Elliott Investment Management made the best bid for the parent of Venezuela-owned refiner Citgo Petroleum, against a group led by miner Gold Reserve previously recommended as the winner. ...
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Rare earth prices hit two-year peak after MP Materials stops China shipments

By Eric Onstad and Amy Lv LONDON/BEIJING (Reuters) -Prices of two rare earth elements needed for super-strong magnets have surged to their highest in more than two years after U.S. miner MP Materials stopped raw material exports to leading magnet maker China amid rising demand. China ...
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