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President Trump: Carney will come to the White House
US President Donald Trump said Wednesday that Canadian Prime Minister Mark Carney is seeking to strike a trade deal and is expected to visit the White House within the next week. He also hinted at the possibility of reaching a deal with China eventually.Fxstreet
8 minutes ago
WRAPUP 4-US economy shrinks in first quarter as tariffs unleash flood of imports
First-quarter GDP contracts at 0.3% rateFront-loading of imports ahead of tariffs weighs on GDPConsumer spending grows at a slow, but still healthy paceInflation cools in March before tariffs escalationWages maintain moderate growth pace in first quarterBy Lucia Mutikani WASHINGTON, April 30 (Reu...Reuters
31 minutes ago
TREASURIES-Yields gyrate lower, investors mull weak GDP and stagflation scenario
By Alden Bentley NEW YORK, April 30 (Reuters) - Benchmark U.S. Treasury yields seesawed lower on Wednesday after a disappointing read on first-quarter U.S. growth underscored market reasoning that White House tariff uncertainty will both weaken growth and increase inflation in a dreaded "...Reuters
2 hours ago
BREAKINGVIEWS-US economic stall hints at a freefall to come
By Gabriel Rubin WASHINGTON, April 30 (Reuters Breakingviews) - Though he wasn’t even president for the entire quarter, the first official report on the health of the U.S. economy in 2025 bears the unmistakable imprint of Donald Trump. An estimated 0.3% annualized decline in gross domestic produc...Reuters
2 hours ago
Fed should ditch current policy framework, group of former top central bankers says
G30 panel chaired by former New York Fed President DudleyReport says 'make-up' strategy slowed inflation response, raised risksIt argues 'inclusive' approach to employment is beyond Fed's reachBy Howard Schneider WASHINGTON, April 30 (Reuters) - A group of former top world cen...Reuters
2 hours ago
REFILE-INSTANT VIEW-Tame March PCE inflation no salve after downbeat Q1 US GDP report
April 30 (Reuters) - Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly revised 0.5% gain in February, the Commerce Department' said on Wednesday. Economists polled by Reuters had forecast consumer spending would rise 0.5%...Reuters
2 hours ago
Retailer Loblaw beats quarterly estimates, sees consumers opting for Canadian products
Sees Canadian product purchases go up on ecommerce platformOnboards 30 new Canadian suppliers to mitigate US tariffsSame-store sales rise in food and drug retail segments April 30 (Reuters) - Canadian retailer Loblaw L.TO exceeded analysts' expectations for first-quarter revenue and profit on...Reuters
2 hours ago
Euro zone yields drop on busy data day
By Stefano Rebaudo and Alun John April 30 (Reuters) - Euro zone government bond yields dropped on Wednesday after a batch of mixed economic data both in Europe and the U.S. amid persistent concerns about a U.S. tariff-induced economic slowdown.German and French inflation data came in slightly hig...Reuters
2 hours ago
FACTBOX-Trump and his campaign promises: Mapping his first 100 days
By James Oliphant WASHINGTON, April 30 (Reuters) - One of the mantras within President Donald Trump’s administration since he took office in January has been "promises made, promises kept" even as many of his campaign pledges remain unfulfilled.In the first 100 days of Trump's second ...Reuters
3 hours ago
US Treasury to keep auction sizes steady over coming quarters
By Karen BrettellApril 30 (Reuters) - The U.S. Treasury Department on Wednesday said it expects to keep its coupon and floating-rate note auction sizes steady for at least the next several quarters and will study potential changes to its buyback program to support market liquidity.Analysts expect th...Reuters
3 hours ago
WRAPUP 1-Europe's major banks signal caution as ominous outlook tempers profit wins
Provisions and souring loans make comeback in Q1Lenders reaffirmed targets but highlight uncertaintyShares recoup losses from April's investor exitsBy Sinead Cruise and Tommy Reggiori Wilkes LONDON, April 30 (Reuters) - Big European lenders are retaining ambitious performance targets after bu...Reuters
3 hours ago
US crude, gasoline stockpiles fall; distillates build last week, EIA says
HOUSTON, April 30 (Reuters) - U.S. crude oil and gasoline stocks fell, while distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 2.7 million barrels to 440.4 million barrels in the week ended April 25, the EIA said, compared with a...Reuters
3 hours ago
INSTANT VIEW-Tame March PCE inflation no salve after downbeat Q1 US GDP report
April 30 (Reuters) - Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly revised 0.5% gain in February, the Commerce Department' said on Wednesday. Economists polled by Reuters had forecast consumer spending would rise 0.5%...Reuters
3 hours ago
Miu Miu's momentum powers Prada sales growth
Prada first quarter net revenues up 12.5%, driven by Miu Miu's 60% retail sales jumpMiu Miu now accounts for 31% of Prada's total revenuesPrada to adjust prices considering euro strength and potential US tariffsBy Elisa Anzolin MILAN, April 30 (Reuters) - Net revenues at Italian luxury gr...Reuters
4 hours ago
US consumer spending surges in March, inflation cools
WASHINGTON, April 30 (Reuters) - U.S. consumer spending increased solidly in March as households boosted purchases of motor vehicles to avoid higher prices and shortages due to tariffs, but that did little to change economists' views that the economy had shifted into lower gear. Consumer spendin...Reuters
4 hours ago
TREASURIES-Yields gyrate lower investors mull weak GDP and stagflation scenario
NEW YORK, April 30 (Reuters) - U.S. Treasury yields seesawed lower after a weaker-than-expected read on first quarter U.S. growth underscored market reasoning that White House tariff uncertainty will both weaken growth and increase inflation in a dreaded "stagflation" scenario. Gross domesti...Reuters
4 hours ago
Breaking: US core PCE inflation softens to 2.6% in March as expected
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.3% on a yearly basis in March from 2.5% in February, the US Bureau of Economic Analysis (BEA) reported on Wednesday. This reading came in above the market expectation of 2.2%Fxstreet
4 hours ago
Australia home prices set record in April, sales volume slows on tariff risk, Cotality data shows
SYDNEY, May 1 (Reuters) - Australia's property prices hit a record in April although U.S. tariff risks and election uncertainty led to a slump in the sales and listings volume, property consultant Cotality said on Thursday. Prices rose 0.3% in April from March to a new peak of A$ 825,349 ($528,4...Reuters
4 hours ago