Gold set for best week in five on renewed US rate-cut hopes
By Ashitha Shivaprasad (Reuters) – Gold prices firmed on Friday, poised for their best week since April 5, following recent…
US Post Office chief defends restructuring plan as net loss narrows
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy defended the Postal Service’s 10-year restructuring plan in the face…
Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030
(Reuters) – Ford Motor is considering offering gas-powered vehicles and hybrids beyond 2030 in Europe, a change from its initial…
Apple to power AI servers with its chips, Bloomberg News reports
(Reuters) – Apple will deliver some of its upcoming artificial intelligence features this year through data centers powered by its…
US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing
WASHINGTON (Reuters) – U.S. mortgage rates fell this week for the first time in more than a month amid signs…
Factbox-EU to target LNG, ships, violations in new Russia sanctions package
BRUSSELS (Reuters) – European Union ambassadors will hold a first discussion on Wednesday on a planned 14th package of sanctions…
Boeing Starliner capsule’s first crewed flight delayed over rocket glitch
(Reuters) – Boeing’s <BA.N> long-awaited first crewed test flight of the new Starliner space capsule was called off for at…
US FAA opens probe into Boeing 787 inspections
By David Shepardson and Allison Lampert WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it has opened an investigation…
Fed’s Williams says next Fed move likely to be lower rates
By Michael S. Derby (Reuters) – Federal Reserve Bank of New York President John Williams said Monday that at some…
Bracing for shallow Fed easing, bond investors take the middle of the curve road
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are selectively adding longer-dated maturities to their portfolios on bets the Federal…