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Dow scales record high on hopes of Fed rate cuts, trade deals

(Reuters) -The Dow Jones Industrial Average hit an all-time intraday high on Friday, making it the last of the three major U.S. indexes to clinch a record in Wall Street’s rally fueled by the prospect of a looser monetary policy, easing trade tensions and ...
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Solar panels that fit on your balcony or deck are gaining traction in the US

When Terrence Dwyer received a knock on his door and a flyer for a solar panel system small enough to fit on his deck, he was quickly sold. Solar systems that plug into regular wall outlets have been popular in Europe for years and ...
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Fresh data to show consumer sentiment amid sweeping new tariffs

(NEW YORK) -- A fresh report on consumer sentiment on Friday will show how shoppers digested a cascade of economic developments this month, including President Donald Trump's firing of a top labor statistics official hours after the release of weak jobs data.The report, which details shopper attitudes ...
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UnitedHealth Group shares climb as Buffett’s Berkshire Hathaway discloses stake in the insurer

Shares of UnitedHealth Group are surging before the market open Friday as Warren Buffett’s Berkshire Hathaway disclosed that it recently purchased shares of the beleaguered insurer. Berkshire Hathaway bought around 5 million shares of UnitedHealth last quarter, according to a regulatory filing. The stake was ...
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US import prices rebound in July on higher consumer goods costs

WASHINGTON (Reuters) -U.S. import prices rebounded in July, boosted by higher costs for consumer goods, the latest indication that inflation was poised to pick up because of tariffs. Import prices increased 0.4% last month after a downwardly revised 0.1% dip in June, the Labor Department’s ...
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US retail sales increase solidly in July

WASHINGTON (Reuters) -U.S. retail sales increased solidly in July, boosted by strong demand for motor vehicles as well as promotions by Amazon and Walmart, though a softening labor market and higher goods prices could curb growth in consumer spending in the third quarter. Retail sales ...
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US equity funds draw weekly inflows on rate cut hopes

(Reuters) -U.S. equity funds gained substantial inflows in the week through August 13 as investors reversed a selling stance on hopes of a potential Federal Reserve rate cut in September, while a U.S.-China tariff truce further lifted sentiment. Investors bought a net $8.77 billion worth ...
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US Fed to cut rates in September and once more this year, say most economists: Reuters poll

By Indradip Ghosh BENGALURU (Reuters) -A Federal Reserve interest rate cut in September, the first this year, followed perhaps by another before year-end remains the base forecast for most economists polled by Reuters amid rising concerns about the health of the world’s biggest economy.  U.S. inflation ...
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Morning Bid: Rate fever breaks, Alaska in spotlight

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Even if you don’t think tariffs are feeding price rises yet, the sharp jump in U.S. producer prices in July – driven ...
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Jared Kushner’s firm buys 8% stake in UK lender OakNorth, Sky News reports

(Reuters) -A private equity firm founded by U.S. President Donald Trump’s son-in-law Jared Kushner has signed a deal to buy an 8% stake in British lender OakNorth, Sky News reported on Friday, citing industry sources. Affinity Partners, which was founded by Kushner in 2021 and ...
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Taiwan raises 2025 GDP growth forecast, cautious about 2026 outlook on US tariffs

By Faith Hung and Liang-sa Loh TAIPEI (Reuters) -Taiwan’s economy is expected to grow faster in 2025 than previously forecast due to strong tech demand but will likely slow next year, the statistics agency said on Friday, amid concern about higher tariffs and uncertain U.S. ...
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Analysis-Trump’s attack on Goldman could prompt watering down of Wall Street’s independent analysis

By Suzanne McGee and Saeed Azhar NEW YORK (Reuters) -U.S. President Donald Trump’s criticism of Goldman Sachs’ research on tariff risks could prompt some analysts to water down their research, investors and academics said, an outcome that could leave investors with less reliable information. The reams ...
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