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Oil prices jumps 4% to 2-month high as tensions rise in Middle East
NEW YORK, June 11 (Reuters) - Oil prices rose more than 4% on Wednesday, to their highest in more than two months, after sources said the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East.
Thu, Jun 12
Trump says willing to extend trade talks deadline, but says that won't be necessary
WASHINGTON, June 11 (Reuters) - U.S. President Donald Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs take effect, but did not believe that would be necessary.
Thu, Jun 12
Musk backtracks on Trump criticism after White House outreach
June 11 (Reuters) - Billionaire businessman Elon Musk backed off digs he took at President Donald Trump after extensive outreach from administration officials, including Vice President JD Vance, with Musk saying on Wednesday he had gone "too far."
Thu, Jun 12
Deal to get US-China trade truce back on track is done, Trump says
Trump says US tariffs will be set at 55%, China's at 10%Lutnick says deal should resolve rare earth minerals, magnet curbs Deal aims to keep Geneva trade truce on trackNo 'quid pro quo' on high-end chips for rare earths, Bessent says By Jeff Mason, Alistair Smout and Doina Chiacu WASH...
Wed, Jun 11
Nvidia to build first industrial AI cloud in Germany
Nvidia to expand tech centres in seven European countriesPlans to open 20 AI factories in EuropePartners with Mistral to create AI computing platformNvidia CEO to meet with Germany's Merz on Friday, source says AI in Europe to increase by factor of 10 in two years: CEOQuantum computing technolog...
Wed, Jun 11
Traders add to bets on September start to Fed rate cuts
June 11 (Reuters) - Cooler-than-expected inflation last month deepened conviction in financial markets Wednesday that the Federal Reserve will start cutting interest-rate cuts by September rather than waiting longer.After a government report showed the core consumer price index - a measure of underl
Wed, Jun 11
Trump says China will supply rare earths, US to allow students
WASHINGTON, June 11 (Reuters) - President Donald Trump said on Wednesday the U.S. deal with China is done, with Beijing to supply magnets and rare earth minerals while the U.S. will allow Chinese students in its colleges and universities. "WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING ...
Wed, Jun 11
Japan PM says wage growth better than tax cuts to combat inflation
TOKYO, June 11 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Wednesday that achieving wage growth is the most effective way to help households combat inflation, while brushing off the idea of reducing the consumption tax rate."Wage growth is the most effective measure to combat risi...
Wed, Jun 11
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
BYD, Chery, Geely and Xiaomi among automakers to make pledgesPledges follow steel association outcry, regulatory pressure China suppliers hurting from brutal price war that has cut profits SHANGHAI, June 11 (Reuters) - Major Chinese car manufacturers have pledged to make payments to suppliers wit...
Wed, Jun 11
[Reuters Breakingviews]No longer the big outlier, Italy sees bond renaissance: Mike Dolan
LONDON, June 11 (Reuters) - As investors wring their hands about mounting public debt loads across the G7, Italy - a country traditionally seen as a poster child for profligacy and unsustainable debts - is enjoying a relative bond market rejuvenation.
Wed, Jun 11
PRECIOUS-Gold rises as US-China trade deal uncertainty fuels demand
US, China reach framework deal to ease export restrictionsTrump, Xi to review, approve framework agreement, officials saysU.S. consumer price index data due at 1230 GMTBy Anmol Choubey June 11 (Reuters) - Gold prices rose on Wednesday as uncertainty surrounding the finalisation of a U.S.-China tr...
Wed, Jun 11
Tesla's public robotaxi rides set for tentative June 22 start, CEO Musk says
By Abhirup Roy SAN FRANCISCO, June 10 (Reuters) - Tesla TSLA.O tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk said on Tuesday, as investors and fans of the electric vehicle maker eagerly await rollout of the long-promised service.Mu...
Wed, Jun 11
PRECIOUS-Gold rises on lower dollar, US-China trade uncertainty
June 11 (Reuters) - Gold prices rose on Wednesday, supported by a lower dollar and uncertainty over the finalisation of a U.S.-China trade agreement, as markets awaited key U.S. inflation data for direction.
Wed, Jun 11
US STOCKS-Wall Street ends higher as investors track US-China trade talks
June 10 (Reuters) - The S&P 500 ended higher on Tuesday, lifted by a rally in Tesla as investors bet on positive results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year.
Wed, Jun 11
US, Mexico close to deal that would cut steel tariffs, Bloomberg reports
June 10 (Reuters) - The United States and Mexico are close to a deal that would get rid of 50% tariffs that U.S. President Donald Trump has imposed on Mexican steel imports up to a certain volume, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Wed, Jun 11
GameStop's first-quarter revenue declines as online gaming demand rises
June 10 (Reuters) - Videogame retailer GameStop GME.N reported a decline in first-quarter revenue on Tuesday as customers increasingly opted for digital downloads over purchases at its brick-and-mortar stores, sending its shares down 4.6% in after-hours trading.
Wed, Jun 11
US Justice Department fires two tied to Trump probes, people familiar say
WASHINGTON, June 10 (Reuters) - The U.S. Justice Department this week fired two more employees who worked on investigations into President Donald Trump's retention of classified records and efforts to overturn the 2020 election, according to three people familiar with the matter.
Wed, Jun 11
[Reuters Breakingviews] Mark Zuckerberg tries to buy AI salvation too
NEW YORK, June 10 (Reuters Breakingviews) - Mark Zuckerberg is digging back into the M&A playbook that saved him before. With the Meta Platforms META.O social-media empire he controls facing an existential threat from artificial intelligence, he may be on the verge of paying some $15 billion to buy
Wed, Jun 11
GLOBAL MARKETS-Stocks, dollar edge higher as investors track US-China trade talk progress
BOSTON/LONDON, June 10 (Reuters) - Global stocks and the dollar were positive but muted on Tuesday as trade talks between the United States and China continued through a second day, giving investors some reason to believe tensions between the world's two largest economies may be easing.
Wed, Jun 11
Sterling weakens as soft labour market data supports UK rate cut bets
LONDON, June 10 (Reuters) - The British pound fell against the dollar and the euro on Tuesday as soft UK labour market data bolstered investors' bets for more rate cuts this year from the Bank of England.
Tue, Jun 10
