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U.S. trade deficit drops 24% in August as Trump’s tariffs reduce imports

WASHINGTON (AP) - The U.S. trade deficit fell by nearly 24% in August as President Donald Trump's sweeping global tariffs pushed imports lower. In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the the ...
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Kosovo heading for an early vote after lawmakers fail to elect government

PRISTINA, Kosovo (AP) - Kosovo lawmakers on Wednesday failed to elect a new government, paving the way for an early election following a monthslong political crisis in the small Balkan nation. Prime Minister-designate Glauk Konjufca, from the governing Self-Determination Movement party won 56 votes ...
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Singapore woos growth firms with plans to make SGX-Nasdaq dual listing easier

By Jun Yuan Yong and Yantoultra Ngui SINGAPORE (Reuters) -Singapore's central bank said on Wednesday it would make it easier for companies to establish dual listings on the Singapore Exchange and the Nasdaq, aiming to boost the city-state's appeal as a hub for ...
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Wall Street opens higher as Nvidia test looms

(Reuters) -Wall Street's main indexes opened slightly higher on Wednesday following sharp losses earlier in the week, as investors set their eyes on Nvidia's earnings which could prove to be a make-or-break moment for the AI trade. The Dow Jones Industrial Average rose 46.9 points, ...
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US Census Bureau to release Sept retail sales, durable goods orders reports next week

(Reuters) -The U.S. Commerce Department's Census Bureau said on Wednesday it would publish both September retail sales and food services and durable goods orders reports next week. Both were delayed by the government shutdown. The monthly sales report for retail and food services will be ...
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Uranium enrichment not part of civil nuclear deal with Saudi Arabia, US energy secretary says

WASHINGTON (Reuters) -Uranium enrichment is not part of the deal on civil nuclear energy reached with Saudi Arabia, U.S. Energy Secretary Chris Wright said on Wednesday. "It is about civilian, civil use of nuclear power. It's not about enrichment. It's not about anything related ...
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Easing regulations could lead to smaller Fed balance sheet, Miran says

By Michael S. Derby (Reuters) -Federal Reserve Governor Stephen Miran said on Wednesday that easing financial firms' regulatory burden could allow the U.S. central bank to shrink the size of its balance sheet again in the future. "As we make more progress peeling back regulations, I ...
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Fed’s Miran calls for exempting Treasuries from bank leverage rule

By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Governor Stephen Miran on Wednesday called for regulators to exempt U.S. Treasury bonds from a key bank leverage ratio, arguing agencies should go further than previously proposed plans. The Fed in June proposed overhauling how much capital large global ...
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Ford recalls more than 200,000 Bronco and Bronco Sports for instrument panel failure

WASHINGTON (AP) - Ford Motor Co. is recalling more than 200,000 Bronco and Bronco Sport vehicles because an instrument panel can fail, increasing the risk of a crash. Federal auto safety regulators said that the instrument panel may not display at startup, leaving the driver ...
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Target quarterly sales drop again, adds $1 billion to investment in stores

By Juveria Tabassum (Reuters) -Target reported a bigger-than-expected drop in comparable sales on Wednesday, as cash-strapped U.S. consumers pulled back spending on apparel and home decor while seeking cheaper everyday essentials. The retailer, which has reported five straight quarters of same-store sales declines, also unveiled plans ...
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Morning Bid: Tech rout pauses for Nvidia, Japan jarred

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Anticipation of AI giant Nvidia's results after today's closing bell allowed Wall Street stock futures to catch a breath after this week's latest tech-driven selloff. Meanwhile, global markets are ...
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Lowe’s cuts annual forecasts as home-improvement spending stuck in limbo

(Reuters) -Lowe's Cos joined rival Home Depot in projecting muted annual profit and sales, in a year marked by Americans delaying spending on big-ticket home renovations due to economic uncertainty and stubborn inflation. The bleak forecast comes as households juggle rising costs for everything from ...
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