By Ankita Yadav (Reuters) -Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on monetary policy. Trump’s persistent criticism of the Fed board and Chair Jerome Powell for not lowering interest rates, his attempt…
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 posted a closing record high on Thursday as labor market data did not change expectations for an interest rate cut by the Federal Reserve, a day ahead of the key U.S. monthly jobs report. Also boosting the market were shares of Broadcom, Amazon and Meta Platforms….
(Reuters) -Gap said on Thursday it would expand into the fast-growing beauty and personal care segment this fall season, including some sold under the Old Navy brand. The move by the Banana Republic parent marks a shift in strategy to diversify revenue streams beyond its core apparel business at a time of tariff costs and…
By Doyinsola Oladipo NEW YORK (Reuters) -JetBlue Airways said on Thursday it will partner with Amazon subsidiary Project Kuiper, a low Earth orbit satellite broadband internet network, to improve its onboard Wi-Fi starting in 2027. U.S. air carriers, seeking ways to win over consumers, are broadly investing in onboard Wi-Fi. JetBlue, Kuiper’s first airline partner,…
By Polina Devitt LONDON (Reuters) -Gold prices hit a record $3,532 per troy ounce on Tuesday, extending a rally that has boosted them more than 90% since late 2022. Demand is expected to remain robust for some time due to a mix of factors. Central bank purchases and strong investment demand, visible in inflows into…
By Shashwat Chauhan, Medha Singh and Anirban Sen NEW YORK (Reuters) -Trump Media & Technology Group and Crypto.com on Tuesday agreed to a deal with a blank-check acquisition company to launch a new venture that will pursue a treasury-style strategy to accumulate the cryptocurrency platform’s native token CRO, deepening the ties of U.S. President Donald Trump…
WASHINGTON (Reuters) -All SkyWest Airlines flights were briefly grounded on Friday night due to a technical problem, the largest U.S. regional airline said. A ground stop advisory was issued at 0149 GMT and canceled at 0210 GMT at SkyWest’s requests, according to the U.S. Federal Aviation Administration. “SkyWest experienced a brief technology issue this evening…
(Reuters) -U.S. stock index futures fell on Friday as caution dominated the mood ahead of a highly anticipated inflation report that could influence the Federal Reserve’s September interest-rate decision. Contracts tracking the tech-heavy Nasdaq fell the most, with personal computer maker Dell and chipmaker Marvell down 5.8% and 13% after their quarterly forecasts missed expectations….
WASHINGTON (Reuters) -The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of origin, Trump administration officials said on Thursday. The U.S. Customs and…
By Daniel Wiessner (Reuters) -Federal Reserve Governor Lisa Cook filed a lawsuit on Thursday claiming U.S. President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms for the U.S. central bank’s independence. Cook’s lawsuit said Trump violated a federal law allowing him to remove…
