By Laura Matthews NEW YORK (Reuters) -The dollar strengthened against the yen on Wednesday and the Japanese currency fell to a 10-month low, while Finance Minister Satsuki Katayama declared that Japan’s new government was closely monitoring markets “with a high sense of urgency.” Japanese government ministers including Katayama met Bank of Japan Governor Kazuo Ueda…
By Andrea Shalal, Steve Holland and Trevor Hunnicutt WASHINGTON (Reuters) -Feeling the heat from Americans worried about inflation, U.S. President Donald Trump told owners, operators and suppliers of fast-food chain McDonald’s on Monday that his administration was making progress in combating inflation, but more work needed to be done. Trump, who promised during the 2024 election campaign…
(Reuters) -Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day. The bank forecast Brent crude will average $56 a barrel and WTI $52 in 2026, below current forward curves of $63…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
(Reuters) -China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington, industry insiders said. The Ministry of Commerce told some rare earth exporters they will be able to apply for new streamlined permits in…
(Reuters) -A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico, Bloomberg News reported on Friday. Sumitomo Mitsui Banking Corp, BNP Paribas SA, Goldman Sachs Group, and Mitsubishi UFJ Financial Group are administrative agents…
By Wen-Yee Lee HSINCHU, Taiwan (Reuters) -Nvidia CEO Jensen Huang on Saturday said the semiconductor giant is experiencing “very strong demand” for its state-of-the-art Blackwell chips, as its appetite for wafers from TSMC grows. “Nvidia builds the GPU (graphics processing units), but we also build the CPU (central processing units), the networking, the switches, and…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -The U.S. Army aims to buy at least a million drones in the next two to three years and could acquire anywhere from a half million drones to millions of them annually in the years that follow, U.S. Army Secretary Daniel Driscoll said. Driscoll detailed the major…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in history, which has caused disruptions ranging from food benefit payments to grounded flights. Still, the University of Michigan’s Surveys of Consumers…
By Mike Stone WASHINGTON (Reuters) -U.S. Secretary of Defense Pete Hegseth is expected to unveil sweeping changes to how the Pentagon purchases weapons on Friday, allowing the military to more rapidly acquire technology amid growing global threats. Hegseth plans to address industry leaders, military commanders and officials at the National War College, where he will…
