PALM BEACH, Florida, Dec 29 (Reuters) – U.S. President Donald Trump on Monday renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell for what he called “gross incompetence” related to Powell’s management of renovations at the Fed’s Washington headquarters. Speaking to reporters in Florida, Trump also said he plans to announce…
(Corrects paragraph 9 to say Zelenskiy posted on social media, not spoke to Politico) Dec 27 (Reuters) – Russia attacked Kyiv and other regions of Ukraine with missiles and drones on Saturday, ahead of what President Volodymyr Zelenskiy said would be a key meeting with U.S. President Donald Trump to work out a deal to…
By Aatreyee Dasgupta and Shivansh Tiwary Dec 29 (Reuters) – Winter Storm Ezra disrupted holiday travel across the U.S. Northeast, Midwest and Great Lakes for a third straight day on Monday, causing thousands of flight delays and hundreds of cancellations as airlines scrambled to recover and meteorologists warned of a brewing “bomb cyclone” that could…
By Davide Barbuscia NEW YORK, Dec 10 (Reuters) – The Federal Reserve’s move to expand its balance sheet again by buying Treasury bills is expected to ease money-market strains, calming investor worries that years of bond-portfolio runoff had drained too much liquidity from the financial system. The Fed said on Wednesday it would start buying…
Dec 11 (Reuters) – Costco Wholesale beat Wall Street estimates for first-quarter revenue on Thursday, on the back of resilient demand from consumers across income groups amid rising economic uncertainty. Surging inflation and a weak job market have been pushing shoppers to trade down and hunt for bargains on everything from essentials such as groceries to…
BEIJING, Dec 11 (Reuters) – Chinese leaders promised on Thursday to maintain a “proactive” fiscal policy next year that would stimulate both consumption and investment to maintain high economic growth, which analysts expect Beijing to target at roughly 5%. Those pledges were published in a readout by state news agency Xinhua of the annual Central…
By Abhirup Roy SAN FRANCISCO, Dec 11 (Reuters) – Tesla’s U.S. sales dropped to a near four-year low in November, despite the automaker’s rollout of new, cheaper versions of its best-selling electric vehicles, estimates from Cox Automotive given exclusively to Reuters showed on Thursday. Making a success of the more affordable variants, called Standard, is…
By Laurie Chen, Joyce Zhou and Jessie Pang HONG KONG, Dec 5 (Reuters) – Turnout is likely to be low for Hong Kong’s “patriots only” legislative election on Sunday with subdued campaigning as the population reels from the city’s deadliest blaze in decades, which has killed 159 people. Volunteers tentatively handed out flyers and hung…
By Kumar Tanishk and Adwitiya Srivastava Dec 5 (Reuters) – NEXTDC Ltd said on Friday it inked a memorandum of understanding with ChatGPT maker OpenAI to collaborate on the development of a hyperscale AI campus and graphics processing unit supercluster in Sydney, boosting its shares. Shares of the Queensland-headquartered data centre operator rose as much…
By Brendan O’Boyle and Aida Pelaez-Fernandez MEXICO CITY, Dec 3 (Reuters) – Mexico on Wednesday announced it would boost the minimum wage next year and push to trim the country’s long work week, the latest moves by the country’s leftist administration aimed at helping workers in Latin America’s second-largest economy. Starting in January, the minimum…
