News
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President Trump adds Samsung to his wishlist of tariffs targeting individual companies
During statements made to the press during his weekly Executive Order signing, United States (US) President Donald Trump added further tariff commentary, though not necessarily clarity, to his social media posts earlier on Friday.Fxstreet
Fri, May 23
'Little, little screws' one of many hurdles to US-made iPhones
By Jody Godoy, Karen Freifeld and David Shepardson May 23 (Reuters) - President Donald Trump's bid to bring manufacturing of Apple's iPhone to the United States faces many legal and economic challenges, experts said on Friday, the least of which are the insertion of "little screws"...Reuters
Fri, May 23
BREAKINGVIEWS-Trump's permanent revolution of chaos carries cost
By Jennifer Saba NEW YORK, May 23 (Reuters Breakingviews) - President Donald Trump’s disordered agenda is a feature, not a blip. The U.S. leader issued fresh threats to the European Union and Apple AAPL.O via social media on Friday, sending the S&P 500 Index .SPX down. The market may eventua...Reuters
Fri, May 23
Record beef prices raise Memorial Day cookout costs
Memorial Day cookout costs rise with beef pricesBonelss beef trimmings imports from Brazil hit record levelsCattle imports from Mexico hit by screwworm pestBy Tom Polansek, Heather Schlitz CHICAGO, May 23 (Reuters) - Beef prices set records last month at U.S. grocery stores, and economists expect...Reuters
Fri, May 23
ADVISORY-Holiday schedule for major US economic, other data
The Memorial Day federal holiday on Monday, May 26 will affect the release schedule of some major economic, energy and commodities reports from Washington during the May 25 week. Below is the schedule for the week. Times in EDT/GMT.Some Treasury announcements are subject to change. Monday, May 26Mem...Reuters
Fri, May 23
WRAPUP 1-Lower prices boost new US home sales; outlook downbeat amid higher mortgages
New home sales jump 10.9% to more than three-year highMedian new house price falls 2% from year ago to $407,200New housing inventory still near levels last seen in 2007By Lucia Mutikani WASHINGTON, May 23 (Reuters) - Sales of new U.S. single-family homes surged to more than a three-year high in A...Reuters
Fri, May 23
Fed's Cook: April market volatility will help hone financial stability assessment
May 23 (Reuters) - Federal Reserve Governor Lisa Cook on Friday noted financial market volatility last month driven by the Trump administration's announcement of unexpectedly high tariffs did not result in the kind of U.S. market dysfunction triggered by the COVID-19 pandemic, but added that the...Reuters
Fri, May 23
Bund yields drop, markets boost bets on ECB rate cuts after Trump's EU tariff plan
By Stefano Rebaudo and Linda Pasquini May 23 (Reuters) - Euro area government bond yields fell sharply and traders boosted bets on European Central Bank rate cuts on Friday after U.S. President Donald Trump said he was recommending a 50% tariff on goods from the European Union starting on June 1....Reuters
Fri, May 23
KC Fed's Schmid: Tariff debate continuing to drive business uncertainty
WASHINGTON, May 23 (Reuters) - The tariff debate continues to drive uncertainty for businesses, making it hard to plan and to know how consumers are going to respond. "Uncertainty is driven by this tariff conversation," Schmid said at a business forum in Northwest Arkansas. "We'll wo...Reuters
Fri, May 23
Fed's Musalem: Business are bracing to pay higher input costs, raise prices
WASHINGTON, May 23 (Reuters) - Businesses expect rising input costs and anticipate raising their own prices as well, St. Louis Fed president Alberto Musalem said on Friday.“On the business side there is ... a higher expectation of higher prices going forward for inputs and for outputs," Musalem ...Reuters
Fri, May 23
TREASURIES-Yields ease on growth concerns as Trump threatens more tariffs
By Karen Brettell May 23 (Reuters) - U.S. Treasury yields fell on Friday after President Donald Trump said he may enact tariffs on smartphone giant Apple AAPL.O and imports from the entire European Union, raising concerns about slowing economic growth.Trump threatened to impose a 25% tariff on Ap...Reuters
Fri, May 23
US Treasury Sec. Bessent :US is far along in trade talks with India, Asian countries
In an interview with Fox News on Friday, United States (US) Treasury Secretary Scott Bessent said that US President Donald Trump believes that the European Union's proposals have not been of good quality, per Reuters.Fxstreet
Fri, May 23
US new home sales unexpectedly rise in April
WASHINGTON, May 23 (Reuters) - Sales of new U.S. single-family homes unexpectedly increased in April as builders lowered prices to lure buyers, but rising mortgage rates and an uncertain economic outlook remain constraints for the housing market. New home sales surged 10.9% to a seasonally adjusted ...Reuters
Fri, May 23
