By Tom Hals WILMINGTON, Delaware (Reuters) – A U.S. judge has scheduled a rare holiday court hearing on Monday, in a case brought by Democratic state attorneys general seeking to protect major federal agencies from Elon Musk’s government cost-cutting team known as DOGE. U.S. District Judge Tanya Chutkan in Washington, D.C., on Sunday called the…
By Joachim Klement The euro zone is showing early signs of an economic recovery that is unlikely to be derailed by the tariffs the Trump administration has threatened thus far. But that doesn’t mean European policymakers can let their guard down. Many investors and economists believe the euro zone will continue to be stuck with…
(Reuters) – Warren Buffett’s Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands, and said it has reduced its holdings in Citigroup and Bank of America. In a regulatory filing, Berkshire said it ended 2024 with 5.62 million Constellation shares worth $1.24 billion. It lowered its Citigroup stake 74% to…
WASHINGTON (Reuters) – Boeing CEO Kelly Ortberg will testify on April 2 before the U.S. Senate Commerce Committee, the panel’s chair, Republican Senator Ted Cruz, said on Friday. The hearing will examine the steps taken at Boeing to address its production and safety issues following an Alaska Airlines Flight 1282 incident last year and a…
PALM DESERT, California (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed’s 2% goal in coming months, the U.S. central bank should not necessarily reduce short-term borrowing costs in response. “I think there’s a real question about how restrictive monetary policy is…
NEW YORK (Reuters) – A U.S. judge on Friday extended a temporary block on Elon Musk’s government cost-cutting team, known as DOGE, from accessing Treasury Department systems responsible for trillions of dollars in payments. U.S. District Judge Jeannette Vargas in Manhattan said at a hearing that she would not yet rule on a request from 19…
By Gabriella Borter WASHINGTON (Reuters) – Democratic U.S. Senator Tina Smith said she will not seek re-election in 2026, which leaves an open seat in moderately competitive Minnesota and complicates her party’s hopes of winning back control of the chamber in the midterm elections. Smith, 66, was first elected in a special election in 2018….
By Mike Stone, Fanny Potkin and Wen-Yee Lee WASHINGTON/SINGAPORE/TAIPEI (Reuters) -The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told Reuters. The people, along with a third source, said the new administration is reviewing the projects…
By Niket Nishant and Manya Saini (Reuters) -Robinhood has cemented its foothold in the crypto trading market as its commission-free model attracts price-conscious customers, analysts said, strengthening its position as a rival to digital asset-focused exchanges such as Coinbase. Robinhood reported an eight-fold jump in transaction-based revenue from crypto trading for the fourth quarter. The…
By Matt Tracy and Saeed Azhar WASHINGTON/NEW YORK (Reuters) – Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter. The deal is likely to be closed, and any new…
