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PIMCO sees rate cuts leading next market rescue amid fiscal constraints
By Davide Barbuscia NEW YORK, June 25 (Reuters) - Efforts to battle future economic downturns are likely to lean more on central banks slashing interest rates than on fiscal lifelines, as high global public debt in developed markets limits governments' ability to spend, said U.S. bond giant P...Reuters
Wed, Jun 25
Comparing US Iran strike to Hiroshima, Trump plays down intelligence report
Trump says Iranian nuclear program set back decadesReport says strikes did not destroy nuclear capabilityHegseth says FBI investigating leakBy Jeff Mason and Gram Slattery THE HAGUE, June 25 (Reuters) - U.S. President Donald Trump compared the impact of American strikes on Iranian nuclear sites t...Reuters
Wed, Jun 25
WRAPUP 1-New home sales fall to seven-month low in May; supply increases
Sales of new homes fall 13.7% in May, biggest drop since June 2022New housing inventory highest since late 2007Median new house price increases 3.0% to $426,600 from year agoBy Lucia Mutikani WASHINGTON, June 25 (Reuters) - Sales of new U.S. single-family homes fell by the most in nearly three ye...Reuters
Wed, Jun 25
Republicans dangle reprieve from tax retaliation as Trump bill heads toward votes
House Ways and Means Chair Smith open to removing Section 899White House adviser Hassett cites digital service taxes as a concernBy David Morgan WASHINGTON, June 25 (Reuters) - A tax proposal that would enable U.S. President Donald Trump to retaliate against countries that impose taxes that he co...Reuters
Wed, Jun 25
TREASURIES-US longer yields rise slightly as markets consider rate cut signs, Middle East truce
By Tatiana Bautzer NEW YORK, June 25 (Reuters) - Yields on longer-dated U.S. Treasuries were slightly up early on Wednesday as oil prices rose and the truce in the Middle East increased investors' willingness to take risks.The yield on the benchmark U.S. 10-year Treasury note US10YT=TWEB rose...Reuters
Wed, Jun 25
US crude and fuel inventories fall on higher demand, EIA says
By Liz Hampton and Georgina McCartneyDENVER, June 25 (Reuters) - U.S. crude oil and fuel inventories fell last week as refining activity and demand rose, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 5.8 million barrels to 415.1 million barrels in the week e...Reuters
Wed, Jun 25
Switzerland in talks with US as cost of F-35A fighter jets rises
Swiss announced deal in 2021 to buy 36 F-35A jetsBern says fixed price agreed at about 6 billion francsUS now wants to raise price by up to $1.3 billion, Bern says By John Revill and Marleen Kaesebier ZURICH, June 25 (Reuters) - Switzerland is holding talks with the United States after Washingto...Reuters
Wed, Jun 25
US new home sales fall more than expected in May; inventory rises
WASHINGTON, June 25 (Reuters) - Sales of new U.S. single-family homes fell more than expected in May as high mortgage rates sapped demand, boosting the supply of unsold houses on the market.New home sales units dropped 13.7% to a seasonally adjusted annualized rate of 623,000 units last month, the C...Reuters
Wed, Jun 25
Fed's Collins says rate cuts later this year are possible
By Michael S. DerbyNEW YORK, June 25 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Wednesday she's leaning toward the central bank cutting rates later this year amid an uncertain outlook. "While I continue to expect it will be appropriate to resume gradual policy...Reuters
Wed, Jun 25
Powell speech: Federal debt doesn't affect our month-to-month policy decisions
"Federal financial policy, debt, doesn't affect our month-to-month policy decisions," Federal Reserve (Fed) Chairman Jerome Powell said while testifying about the Semi-Annual Monetary Policy Report before the Senate Banking Committee on Wednesday.Fxstreet
Wed, Jun 25
US crude stocks, gasoline and distillate inventories fall - EIA
DENVER, June 25 (Reuters) - U.S. crude stocks, gasoline and distillate inventories fell in the week ending June 20, the Energy Information Administration said on Wednesday.Crude inventories fell by 5.8 million barrels to 415.1 million barrels, the EIA said, compared with analysts' expectations i...Reuters
Wed, Jun 25
Fed's Collins says rate cuts later this year are possible
By Michael S. DerbyNEW YORK, June 25 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Wednesday she is expecting the central bank to cut interest rates later this year. "While I continue to expect it will be appropriate to resume gradual policy normalization later this yea...Reuters
Wed, Jun 25
Switzerland seeks talks with US as cost of F-35A fighter jets rises
ZURICH, June 25 (Reuters) - Switzerland is seeking talks with the United States, the government said on Wednesday, after Washington tried to raise the price for new fighter jets the neutral country is buying to upgrade its air defences.Bern chose Lockheed Martin's LMT.N F-35A Lightning II as its...Reuters
Wed, Jun 25
'Flexible' NATO spending targets affordable for Italy, PM Meloni says
ROME, June 25 (Reuters) - New NATO targets on defence and security spending are affordable for Italy as they give countries "total flexibility" over how to reach them, Prime Minister Giorgia Meloni said on Wednesday.Speaking to reporters at the end of a NATO summit in the Netherlands, Meloni...Reuters
Wed, Jun 25
J.D. Power Says June Total Us New Vehicle Sales To Reach 1.2 Million Units, Up 2.5% YOY
June 25 (Reuters) - J.D. POWER: J.D. POWER: JUNE TOTAL US NEW VEHICLE SALES TO REACH 1.2 MILLION UNITS, UP 2.5% YOYJ.D. POWER: Q2 TOTAL US NEW VEHICLE SALES TO REACH 4.2 MILLION UNITS, UP 2.5% YOYJ.D. POWER: ON AVERAGE, CURRENT TARIFFS RAISE MANUFACTURERS’ COSTS ABOUT $4,275 PER VEHICLEReuters
Wed, Jun 25
