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Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision. The program developed during Joe Biden’s presidency was credited by ...
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Powell says Federal Reserve can wait on any interest rate moves

WASHINGTON (AP) — The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. “As that great Chicagoan Ferris Bueller once ...
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Powell says Fed to stay on hold until clarity on tariff impact

(Reuters) – U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said ...
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BP begins loading its first LNG cargo from Venture Global’s Calcasieu Pass plant

By Curtis Williams (Reuters) – BP Plc will begin loading its first shipment of liquefied natural gas from Venture Global’s Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data. The BP-chartered vessel British Mentor was about to dock at the ...
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Traders keep bets on Fed rate cuts this year, starting in June 

(Reuters) -Traders on Wednesday kept bets on Federal Reserve rate cuts this year after Fed Chair Jerome Powell said the U.S. central bank is well-positioned to wait for greater clarity before making any changes to the stance of policy. Traders of short-term interest-rate futures are ...
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Nissan US chief says tariffs will hammer lower-income car shoppers

By Nora Eckert and Kalea Hall DETROIT (Reuters) – The chairman of Nissan Americas, Christian Meunier, said on Wednesday he is concerned that tariffs may drive already eye-popping vehicle prices even higher. “Cars are becoming completely unaffordable,” Meunier told Reuters. “It’s not ...
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Fed’s Powell: Economy slowing in Q1, can wait for greater clarity

By Howard Schneider and Ann Saphir CHICAGO (Reuters) -U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell ...
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Moncler’s first-quarter revenue beats expectations as Asian demand holds up

MILAN (Reuters) – Italian luxury outerwear group Moncler on Wednesday reported a stronger than expected 1% increase in revenue in the first quarter thanks mostly to direct-to-consumer sales and Asian demand. Revenues for the three months to the end of March ...
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General Dynamics says G800 jet receives FAA, EASA certifications

(Reuters) -General Dynamics said on Wednesday its Gulfstream G800 jet has received certifications from the Federal Aviation Administration and the European Union Aviation Safety Agency. The company had said in January it expected FAA certification for the jet in the first half of 2025. The ...
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Fed’s Hammack: Time for hold steady while taking in new data

By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday high uncertainty in the U.S. economy right now argues for the central bank to hold steady on interest rate policy and take in more information before deciding what needs ...
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Spotify says it’s back after an hourslong outage disrupts thousands of users

NEW YORK (AP) — Spotify experienced a widespread outage Wednesday — with tens of thousands of users reporting problems with the popular music and audio streamer. But the platform said it was back up and running hours later. “All clear — thanks for your patience,” ...
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Fed’s Hammack sees steady monetary policy as central bank seeks more data

By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S. economy right now argue for the central bank to hold steady on interest rate policy and ...
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