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Fed officials tilt dovish as US job market softens

By Ann Saphir (Reuters) -Since the Federal Reserve’s decision last month to hold interest rates steady, a shift appears underway at the U.S. central bank, with several Fed officials sounding increasingly uneasy about the labor market and signaling their openness to, if not impatience for, ...
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Trump fires IRS commissioner, Bessent named acting head

(Reuters) -U.S. President Donald Trump is removing Billy Long as the commissioner of the Internal Revenue Service and Treasury Secretary Scott Bessent will temporarily serve as acting commissioner, a White House official and a source familiar with the matter said on Friday. The New York ...
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Colombia analysts see steady economic growth, but fiscal risks loom: Reuters poll

By Nelson Bocanegra BOGOTA (Reuters) -Colombia’s economy likely grew 2.6% in the second quarter from the year-ago period, a Reuters poll on Friday showed, thanks to strong domestic consumption even as above-target inflation keeps interest rates from coming down. Thirteen analysts in the survey forecast economic ...
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US imports fall more than expected in June on tariff concerns, trade body data shows

By Juveria Tabassum (Reuters) -Imports into the United States fell more than expected in June as concerns around shifting tariff policies hit retailers, raising fears of fewer product options in stores for shoppers, data from the National Retail Federation showed on Friday. WHY IT’S IMPORTANT The data ...
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Trump’s Fed pick wanted to upend its protection from politics

By Howard Schneider WASHINGTON (Reuters) -Having railed against the “revolving door” between the executive branch and the U.S. Federal Reserve, Council of Economic Advisers Chair Stephen Miran may now be walking through it after President Donald Trump nominated him to the Board of Governors of ...
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HSBC raises silver price outlook on gold strength, geopolitical risks

(Reuters) -HSBC has lifted its silver price forecasts for 2025, 2026, and 2027, citing strong support from high gold prices and safe-haven demand in the face of geopolitical and economic uncertainty. The bank now expects average silver prices of $35.14 per ounce in 2025, up ...
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Trump aiming for IPOs of Fannie Mae, Freddie Mac this year, WSJ reports

(Reuters) -U.S. President Donald Trump’s administration is preparing for the initial public offerings of mortgage finance giants Fannie Mae and Freddie Mac later this year, the Wall Street Journal reported on Friday. The plans under discussion could value the companies at roughly $500 billion or ...
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Competing bid received in US auction of shares in Citgo’s parent

(Reuters) -A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing. A $7.4 billion bid by a group ...
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Swiss plane maker Pilatus halts business jet deliveries to US over tariffs

ZURICH (Reuters) -Swiss aircraft manufacturer Pilatus on Friday said it has temporarily halted deliveries of its PC-12 and PC-24 business jets to the United States, saying steep new U.S. tariffs put the company at “significant competitive disadvantage”. The U.S. is a key market for Pilatus, ...
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Exxon starts production at fourth floating oil vessel in Guyana

GEORGETOWN (Reuters) -An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said.  The floating vessel named ...
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From Stephen King to New Jersey diners, History Press books cover local lore around the US

NEW YORK (AP) — With deep knowledge of Stephen King’s books and curiosity about their inspirations, writer Sharon Kitchens began a journey around Maine. As she learned about the real-life settings and people behind such fiction as “IT” and “Salem’s Lot,” she arranged them ...
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Brazil economy starting to see impact of high rates, official says

SAO PAULO (Reuters) -Brazil’s government believes the economy is starting to feel the effects of high interest rates and will closely monitor data to see if those impacts are “wider than initially expected,” Economic Policy Secretary Guilherme Mello said on Friday. Brazil’s central bank last ...
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