By John Revill and Emma Farge GENEVA (Reuters) -Chinese Vice Premier He Lifeng held talks with U.S. Treasury Secretary Scott Bessent on Saturday in a tentative first step towards defusing a trade war that is disrupting the global economy. Bessent and He were meeting in Geneva after weeks of growing tensions in which duties on…
By Amina Niasse and Nicholas P. Brown NEW YORK (Reuters) -Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines. But some of WeightWatchers’ closest rivals, newer telehealth companies,…
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users’ data privacy, Texas Attorney General Ken Paxton said on Friday. The agreement settles two lawsuits that covered three products for allegedly violating Texas consumer protection laws. “In Texas, Big Tech…
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(Reuters) -U.S. equity funds saw outflows for a fourth straight week through May 7, driven by uncertainties around trade tariffs and as investors awaited U.S.-China trade talks for more clues. Investors withdrew a net $16.22 billion from U.S. equity funds during the week, the largest weekly net sales since March 19, data from LSEG Lipper…
By Michael Hogan, Peter Hobson and Gus Trompiz HAMBURG/CANBERRA/PARIS (Reuters) -Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China’s agricultural heartlands. China is the world’s top wheat grower and also imports large amounts of grain when…
(Reuters) -S&P Global affirmed Israel’s long- and short-term foreign and local currency sovereign credit ratings at “A/A-1” and warned that prolonged or intensified military conflict could negatively impact its economic, fiscal and balance of payments performance. Israel’s resumed military operations in Gaza, along with ongoing military activities in neighboring Lebanon and Syria, continue to elevate…
By Howard Schneider and Ann Saphir PALO ALTO, California (Reuters) -The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump’s tariff and other policies before figuring out the right response, Cleveland Federal Reserve President Beth Hammack said on Friday, noting that much of the administration’s sweeping agenda remains…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Cautious stability World markets traded on a solid footing this week as the Trump administration struck what could be the first of “dozens” of trade deals in the coming weeks, and as investors cheered this weekend’s US-China trade talks in Switzerland. The S&P 500 and Nasdaq…
(Reuters) -Nippon Steel Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval of its $15 billion bid for U.S. Steel, a person familiar with the matter said. Semaphor, which first reported news of the visit, said Mori would meet with Trump administration officials during the trip,citing sources….
