By Ernest Scheyder and Jarrett Renshaw (Reuters) -The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick’s influence over the strategic sector, two sources familiar with the matter told Reuters. The proposed move would take from funds…
By Davide Barbuscia NEW YORK (Reuters) -Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to magnify any market moves from his Jackson Hole speech on Friday. Wall Street largely expects Powell will signal an imminent…
(Reuters) -Comcast-owned NBCUniversal is in advanced talks with Major League Baseball to carry games on NBC and the Peacock streaming service in a three-year deal approaching $200 million annually, the Wall Street Journal reported on Thursday. Netflix is also close to a deal with MLB to stream the ‘Home Run Derby’ for more than $35…
By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve’s top regulatory official suggested on Tuesday that central bank staff should be permitted to own small amounts of crypto products, arguing experience would better inform their work policing activities in those financial markets. Fed Vice Chair for Supervision Michelle Bowman said easing restrictions on staff investments may…
HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A final winner recommendation in the complex court-organized auction is expected to…
(Reuters) -The measles outbreak in West Texas has ended, state health officials said on Monday, after meeting the criteria of six weeks since the last reported case. Texas is now shifting focus to vaccination campaigns to strengthen immunity and prevent future outbreaks, the Department of State Health Services (DSHS) said. The outbreak, which began in…
By Lucy Papachristou (Reuters) -In the early hours of Saturday morning following a summit in Alaska between the leaders of Russia and the United States, senior politicians in Moscow were quick to trumpet the meeting as a win for Russia and its narrative of the war in Ukraine. “The meeting in Alaska confirmed Russia’s desire…
By Indradip Ghosh BENGALURU (Reuters) -A Federal Reserve interest rate cut in September, the first this year, followed perhaps by another before year-end remains the base forecast for most economists polled by Reuters amid rising concerns about the health of the world’s biggest economy. U.S. inflation is rising again, with more upward pressure expected from…
(Reuters) -The U.S. Department of Health and Human Services said on Thursday it is reinstating a federal task force for safer childhood vaccines after 27 years. The original task force was created by Congress under the National Childhood Vaccine Injury Act of 1986 to improve the safety, quality and oversight of vaccines administered to American…
By Aislinn Laing and Marissa Davison CHARLBURY, England (Reuters) -U.S. Vice President JD Vance’s working holiday in Britain was met with dismay by some locals on Tuesday, who gathered to register their disapproval of both his politics and the turmoil he has brought to their quiet corner of the English countryside. Vance has mixed work…
