By Michael S. Derby BOSTON (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Saturday that she’s still leaning against the U.S. central bank cutting its interest rate target next month as it faces ongoing risks to both its inflation and job mandates. “I do see reasons to be hesitant” about lowering the cost…
Superpower coin set to soar 25X Today’s Breaking News ⏳ The “Skim Codes” That Helped Make $274 Million [sponsor] Exclusive-DOGE ‘doesn’t exist’ with eight months left on its charter WASHINGTON (Reuters) -U.S. President Donald Trump’s Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau announced on Friday that it intends to continue supervising financial institutions on a limited basis in 2026, signaling a shift from acting Director Russell Vought’s previous pledge to completely dismantle the agency. While the agency has been significantly scaled back under the Trump administration,…
MOSCOW (Reuters) -Russia’s defence ministry said on Wednesday that Ukrainian forces had fired four U.S.-made ATACMS missiles at the southern Russian city of Voronezh in an attempted strike on civilian targets. Ukraine’s military said on Tuesday it had attacked military targets in Russia with U.S.-supplied ATACMS missiles, calling it a “significant development.” Kyiv received the…
By Hannah Lang (Reuters) -Max Levchin, CEO and co-founder of Affirm, which offers buy now, pay later plans, said artificial intelligence is poised to transform shopping by taking over human tasks and making financial products more transparent. AI agents will soon be able to instantly weed out products with prohibitively high interest rates or late…
By Courtney Rozen WASHINGTON (Reuters) -U.S. President Donald Trump’s Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a symbol of Trump’s pledge to slash the government’s size but which critics say delivered few measurable savings. “That doesn’t exist,” Office of Personnel Management Director…
By Gertrude Chavez-Dreyfuss and Davide Barbuscia NEW YORK (Reuters) -The cost of U.S. overnight funding in the repo market has stayed stubbornly high and is expected to remain elevated going into year-end despite recent Federal Reserve easing, adding another layer of stress to already fragile financial markets. A spike in repurchase or repo rates signals…
By Ann Saphir (Reuters) -Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold “for a time” while the central bank assesses how much of a brake the current level of borrowing costs is putting on the economy, with soaring stock prices one reason to think it may not be…
Where Hedge Funds Buy Crypto (Before It Hits Coinbase) Today’s Breaking News ⏳ Elon’s $51 million investment [sponsor] Alleged AI chip smuggling to China leads to US calls for chip tracking (Reuters) -The U.S. Justice Department has charged four people in a scheme to illegally export Nvidia AI chips to China, prompting a key House Republican…
By Siyanda Mthethwa JOHANNESBURG (Reuters) -Walmart opened its first store in South Africa on Saturday, marking the U.S. retail giant’s debut on the African continent as it seeks a stake in a competitive market. More than a hundred shoppers queued for hours outside the store to take advantage of Walmart’s “Everyday Low Prices” and shop…
