News
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Judge sides with Trump again in fight over fired Copyright Office head
By Blake Brittain July 31 (Reuters) - In a preliminary win for the White House, a federal judge in Washington declined for the second time to reinstate U.S. Copyright Office director Shira Perlmutter as she challenges President Donald Trump's decision to fire her in May.U.S. District Judge Ti...Reuters
Thu, Jul 31
Brazil jobless rate falls to record low, beats forecasts
SAO PAULO, July 31 (Reuters) - Brazil's jobless rate came in below market expectations in the three months through June, reaching the lowest level for the current data series which started in 2012, reinforcing the job market's resilience amid tight monetary policy. Unemployment in ...Reuters
Thu, Jul 31
Romania cuts EU-funded recovery funds package to 21.6 billion euros
Romania initially had 28.5 billion euros available in RRF fundsGovernment will tap the entire grant component worth 13.57 billion eurosRRF funds, conditional on reforms, must be tapped by mid-2026 BUCHAREST, July 31 (Reuters) - Romania will be able to draw roughly 21.6 billion euros ($24.65 billi...Reuters
Thu, Jul 31
Price hikes may soon bite as firms sell off pre-tariff inventory, says global business group
Businesses shipped more goods to US ahead of tariffsCompanies are holding about 4 months of inventoryBig stockpiles have helped delay price hikesPrice hikes may be felt beyond U.S. LONDON, July 31 (Reuters) - Tariff-related price hikes may start to bite at the end of the third quarter as companie...Reuters
Thu, Jul 31
Southern Co beats quarterly profit estimates, raises five-year capital plan
July 31 (Reuters) - Utility Southern Co SO.N on Thursday increased its five-year capital expenditure plan by $13 billion to $76 billion to meet growing energy needs in the U.S., after beating Wall Street estimates for second-quarter profit.With power demand rapidly increasing across the country, uti...Reuters
Thu, Jul 31
German inflation falls further to 1.8% in July
Bigger than expected decline in inflationCore inflation remains unchanged at 2.7%Energy prices fall year-on-year, food prices riseBy Maria Martinez BERLIN, July 31 (Reuters) - German inflation fell slightly more than expected to 1.8% year- on-year in July, preliminary data from the federal statis...Reuters
Thu, Jul 31
US labor costs rise slightly above expectations in second quarter
WASHINGTON, July 31 (Reuters) - U.S. labor costs increased slightly more than expected in the second quarter amid a pick-up in wage growth even as labor market conditions are easing.The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.9% in the last quarter, matching the adva...Reuters
Thu, Jul 31
US Treasury chief says he expects Fed chair announcement by year's end
WASHINGTON, July 31 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday he is pulling together a list of potential candidates to lead the U.S. Federal Reserve and that he expects an announcement by the end of the year."We are putting together a very good list of candidates" to...Reuters
Thu, Jul 31
TREASURIES-US yields briefly pare decline after inflation data
NEW YORK, July 31 (Reuters) - U.S. Treasury yields briefly pared declines on Thursday in choppy trading after the Federal Reserve's preferred gauge of inflation came in slightly higher than expected in June, supporting the central bank's patient stance in cutting interest rates.U.S. jobless ...Reuters
Thu, Jul 31
US weekly jobless claims rise marginally
WASHINGTON, July 31 (Reuters) - The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting that the labor market remained stable, though it is taking longer for laid-off workers to find new opportunities. Initial claims for state unemp...Reuters
Thu, Jul 31
Vulcan misses quarterly estimates as adverse weather dampens construction
July 31 (Reuters) - Vulcan Materials VMC.N posted second-quarter revenue and profit below Wall Street estimates on Thursday, as weather disruptions slowed construction activity and weighed on demand for its construction materials.Demand for construction supplies have taken a hit from persistent infl...Reuters
Thu, Jul 31
US inflation picks up in June; consumer spending rises moderately
WASHINGTON, July 31 (Reuters) - U.S. inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year. The personal consumption expenditures (PCE) price index ros...Reuters
Thu, Jul 31
Brazil's public sector gross debt rises in June on interest costs
BRASILIA, July 31 (Reuters) - Brazil's public sector gross debt rose to 76.6% of gross domestic product in June from 76.1% the month before, central bank data showed on Thursday.The increase was driven mainly by interest payments, which are still high, even though they fell to 61 billion reais (...Reuters
Thu, Jul 31
Breaking: US core PCE inflation holds steady at 2.8% in June vs. 2.7% expected
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.6% in June from 2.4% in May (revised from 2.3%), the US Bureau of Economic Analysis reported on Thursday.Fxstreet
Thu, Jul 31
