(Reuters) -U.S. President Donald Trump’s new tax and spending measures, which he signed into law on Friday, will hit some students in their pocketbooks when it comes to federal financial aid. The law will affect the amount that students and their families can borrow, as well as eligibility for Pell Grants, designed to help low-income…
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance ministers and central bank governors meeting in South Africa next week, sources familiar with his plans told Reuters, marking the second time this year he has opted against attending a G20 meeting in the host country. A Treasury…
WASHINGTON (Reuters) -The Trump administration on Monday wound down a license allowing shipments of liquefied petroleum gas (LPG) to Venezuela’s state energy company Petroleos de Venezuela SA (PDVSA), the U.S. Treasury Department said on Monday. Offloading of LPG is allowed until September 5, provided that the gas was loaded on a vessel on or before…
(Reuters) -Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its presence outside the United States. Trump Media said users can now access streaming channels…
WASHINGTON (Reuters) -The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said. The proposed rule change, which would mostly affect onshore oil…
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter’s level. The earnings snapshot from the largest U.S. oil producer is closely watched for clues on how the broader oil sector will fare when companies begin…
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.4% to $160.98…
By David Morgan, Richard Cowan and Andy Sullivan WASHINGTON (Reuters) -Even before the last vote on U.S. President Donald Trump’s sweeping tax-cut and spending bill was counted, Republicans and Democrats in Congress began gaming out how to use it to gain an edge in the 2026 midterm elections. Midterm elections traditionally punish the party of…
By Andrea Shalal WASHINGTON (Reuters) -The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S. Treasury Secretary Scott Bessent told CNBC on Thursday, adding that officials had “a lot of good candidates.” Bessent said it was up to the Fed to decide interest rates, although he added…
WASHINGTON (Reuters) -About 100 countries are likely to see a reciprocal tariff rate of 10%, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects “a flurry” of trade deals announced before a July 9 deadline that could see tariff rates increase sharply. “We’ll see how the President wants to treat those who…
