By Humeyra Pamuk WASHINGTON (Reuters) – The administration of President Donald Trump has appointed a key member of billionaire Elon Musk’s Department of Government Efficiency as the acting head of foreign assistance at the State Department, according to a senior U.S. official and an internal email seen by Reuters. A senior State Department official confirmed…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – An unidentified options trader’s multi-million dollar bet on a short-term rebound in Apple Inc.’s shares was set to reap a sizable profit as the iPhone-maker’s shares soared on Monday following the Trump administration’s weekend move to grant tariff exclusions for smartphones. On Monday, Apple shares rose as…
By Saqib Iqbal Ahmed and Terence Gabriel NEW YORK (Reuters) – A tariff-induced selloff in the U.S. stock market faces another worry, the “death cross” pattern, but history shows the ominous sounding technical signal may not necessarily mean equities face more significant downside. A death cross occurs when the 50-day moving average (DMA), seen by…
By Jonathan Landay and Humeyra Pamuk WASHINGTON (Reuters) – U.S. President Donald Trump’s administration wants to halve the State Department budget, cutting more than $30 billion, in fiscal 2026, four U.S. officials familiar with the plan said on Monday – a massive reduction that could see nearly 30 U.S. missions shut and foreign aid slashed…
(Reuters) – U.S.-based buyout firm Atlas Holdings is in advanced talks to take over Banknote printer De La Rue for about 130 pence per share, Sky News reported on Monday. The deal recommended by De La Rue’s board was likely to be announced as early as Tuesday morning, the report added, citing a shareholder. The…
BEIJING (Reuters) -Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world’s two largest economies exchange blows in a trade war. Both models are made in the U.S. and imported to China. New orders for the two models were also…
By Nelson Bocanegra BOGOTA (Reuters) – Lower oil prices could reduce Colombian state-run oil firm Ecopetrol’s profits by up to 12 trillion pesos ($2.76 billion) this year, the company’s president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists…
LONDON (Reuters) – Foreign investors dumped $6.5 billion of U.S. equities in the five trading sessions ending Wednesday, BofA Global Research said on Friday, as tariff induced turmoil gripped markets. Safe haven U.S. Treasuries saw their biggest ever weekly inflow of $18.8 billion, while investors withdrew $21.3 billion from active equity funds and a record…
By Lewis Krauskopf NEW YORK (Reuters) -Wild swings in global markets are poised to keep U.S. stock investors on edge in the coming week, as a weakening dollar and a selloff in Treasuries compound extreme equity volatility that erupted after President Donald Trump launched his sweeping tariffs. The S&P 500 was set for solid gains…
By David Shepardson WASHINGTON (Reuters) – An American Airlines plane carrying at least three members of Congress at Reagan Washington National Airport was struck on the taxiway by the wingtip of another American Airlines jet, the Federal Aviation Administration said on Thursday. American Airlines flight 5490, a Bombardier CRJ 900 headed to Charleston, South Carolina,…
