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Asian shares fall, gold claims new record as banking fears weigh

By Stella Qiu SYDNEY (Reuters) -Asian shares tracked Wall Street lower, bonds extended gains and gold hit a fresh record on Friday, with signs of credit stress at U.S. regional banks putting investors on edge. Overnight, Zions sank 13% after disclosing it would take a $50 ...
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Dollar set for weekly slide as trade, shutdown concerns weigh

By Rocky Swift TOKYO (Reuters) -The dollar remained on the back foot on Friday as global trade frictions and signs of weakness in the U.S. economy supported the case for more rate cuts by the Federal Reserve. The dollar index is set for its biggest weekly drop ...
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Automaker group warns Nexperia chip supply issue could quickly disrupt US production

WASHINGTON (Reuters) -A group representing major automakers warned late on Thursday that a chip disruption stemming from a dispute between China and the Dutch government could quickly impact U.S. auto production. Carmakers and their suppliers received notice from chipmaker Nexperia last week that it could ...
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Fed’s Kashkari: Economy may not be slowing as much as we think

By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari said Thursday he does not think that there is a big chance the labor market will weaken sharply or inflation will surge, though of the two, “there’s more risk of a labor market negative surprise ...
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Oil set for weekly loss as Trump-Putin summit looms

By Nicole Jao (Reuters) -Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine. Brent ...
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US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell last week, economists at JPMorgan and Goldman Sachs estimated on Thursday, but lackluster hiring has left many on unemployment rolls.    Initial claims for state unemployment benefits dropped to a seasonally ...
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Louisiana judge orders review of Gulf Coast liquefied natural gas facility’s climate change impacts

NEW ORLEANS (AP) — A Louisiana judge has tossed out a key permit for a liquefied natural gas facility that won approval from President Donald Trump’s administration, ordering a state review of how the facility’s planet-warming emissions would affect Gulf Coast communities vulnerable to ...
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Trump says his administration is working on lowering beef prices

By Tom Polansek, Trevor Hunnicutt and Costas Pitas WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country. “We are working on beef, and I think we have a deal on beef,” Trump ...
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US CFPB scraps Citibank discrimination case three years early

(Corrects paragraph 5 to specify that Citi declined to comment while CFPB did not respond) WASHINGTON (Reuters) -The top U.S. consumer finance watchdog agency on Thursday terminated a 2023 enforcement case against Citigroup’s lending arm Citibank that had penalized the banking giant for alleged ...
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Meta set to clinch nearly $30 billion financing deal for Louisiana data center site, Bloomberg News reports

(Reuters) -Meta Platforms was set to seal an almost $30 billion finance package for its data center site in rural Louisiana, which would be the largest private capital deal on record, Bloomberg News reported on Thursday. Large-scale cloud service providers, called hyperscalers, have been racing ...
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New York approves power line for Micron’s $100 billion semiconductor plant

(Reuters) -A new underground transmission line was approved by the New York State Public Service Commission linking an existing Clay substation with Micron Technology’s proposed semiconductor megafab facility in Onondaga County, Governor Kathy Hochul announced on Thursday. The two-mile, 345-kilovolt line is a key ...
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Banks in talks with US Treasury to lend $20 billion to Argentina, Semafor reports

(Reuters) -Banks including JPMorgan, Bank of America, Goldman Sachs and Citigroup are in talks with the U.S. Treasury to provide up to $20 billion in loans to Argentina, Semafor reported on Thursday, citing people familiar with the matter. U.S. Treasury Secretary Scott Bessent on Wednesday ...
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