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Miller Industries Q2 sales fall 42%, miss estimates
OverviewMiller Industries Q2 sales fall 42.4%, missing analyst expectationsCo revises 2025 revenue guidance to $750-$800 mln, suspends EPS guidanceOutlookMiller Industries revises 2025 revenue guidance to $750-$800 mlnCompany suspends EPS guidance due to potential extraordinary expensesCompany prior...Reuters
Wed, Aug 6
Fed will likely need to cut rates in coming months, Daly says
Aug 6 (Reuters) - Citing a slowing labor market and her assessment that tariffs pose only a short-term threat to inflation, San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she believes the U.S. central bank will need to cut interest rates soon. "Inflation, absent tariffs...Reuters
Wed, Aug 6
WRAPUP 1-Fed policymakers signal rising angst about cooling economy
Kashkari, citing growth slowdown, sees two rate cuts this yearDissenters also cited worries about job market slowdownLatest job-market data "concerning," Cook saysBy Howard Schneider and Michael S. DerbyWASHINGTON, Aug 6 (Reuters) - Less than a week after deciding against an interest-rate cu...Reuters
Wed, Aug 6
Switzerland facing 39% US tariff as president leaves Washington empty-handed
Swiss delegation engaged in last-minute talksUS wants Swiss to buy more arms, energy, says sourceUS officials rejected proposal for 10% tariff rateBy John Revill and Andrea Shalal WASHINGTON/ZURICH, Aug 6 (Reuters) - Swiss President Karin Keller-Sutter left Washington empty-handed on Wednesday af...Reuters
Wed, Aug 6
Fed's Cook says A.I. rollout not deterred by business uncertainty
By Michael S. DerbyNEW YORK, Aug 6 (Reuters) - Federal Reserve Governor Lisa Cook said on Wednesday that the uncertainty holding back investment is not having the same impact on the rollout of artificial intelligence technologies.“Certainly a lot of businesses report that they are frozen with respec...Reuters
Wed, Aug 6
Fed's Collins and Cook caution about the risks of policy uncertainty
Federal Reserve (Fed) Bank of Boston President Susan Collins and Fed Board of Governors member Lisa Cook participated in a virtual discussion on Wednesday, with both key policymakers cautioning that overarching uncertainty remains a key sticking point for Fed policy transmission, as well as the centFxstreet
Wed, Aug 6
Fed's Cook says tepid July jobs data merits concern
Aug 6 (Reuters) - Federal Reserve Governor Lisa Cook said on Wednesday that July hiring data released last Friday was “concerning” in the moderation of the pace of hiring.Cook, who was speaking at an event held by the Federal Reserve Bank of Boston, said big revisions like those seen in the July job...Reuters
Wed, Aug 6
India refiners wait for government order on Russian oil purchases, sources say
By Nidhi Verma NEW DELHI, Aug 6 (Reuters) - Indian refiners are awaiting government directions on whether to continue buying Russian oil after the United States decided to impose fresh 25% tariffs on Indian goods over New Delhi's energy ties with Russia, four industry sources said.The new dut...Reuters
Wed, Aug 6
INSTANT VIEW-Trump order imposes additional 25% tariff on goods from India
MUMBAI, Aug 6 (Reuters) - U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil.The additional tariffs mean India will face the highest levy along with Brazil, putting i...Reuters
Wed, Aug 6
INSTANT VIEW-Trump order imposes additional 25% tariff on goods from India
MUMBAI, Aug 6 (Reuters) - U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil.The additional tariffs mean India will face the highest levy along with Brazil, putting i...Reuters
Wed, Aug 6
Swiss president had 'very good meeting' with U.S. Secretary of State on tariffs
ZURICH, Aug 6 (Reuters) - Swiss President Karin Keller-Sutter said on Wednesday she had a "very good meeting" with U.S. Secretary of State Marco Rubio, after the pair discussed tariffs that the United States plans to impose on Swiss imports."We had a very friendly and open exchange,"...Reuters
Wed, Aug 6
Irish tax take boosted by another jump in corporate receipts
DUBLIN, Aug 6 (Reuters) - Ireland collected 1.2 billion euros ($1.4 billion) of corporate tax in July, over three times as much as the same period a year ago in what is usually not a major payment month for the key tax category, finance ministry data showed on Wednesday. Ireland has received record ...Reuters
Wed, Aug 6
US: Trend employment growth shifts lower – Standard Chartered
Immigration crackdown suggests much lower US trend employment growth than in the last few years. We estimate that the new equilibrium for monthly job growth is 100k. Recent NFP softness suggests that the labour market is now likely in excess supply, Standard Chartered's Economist Dan Pan reports.Fxstreet
Wed, Aug 6
INSTANT VIEW-Trump order imposes additional 25% tariff on goods from India
MUMBAI, Aug 6 (Reuters) - U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil.The additional tariffs mean India will face the highest levy along with Brazil, putting i...Reuters
Wed, Aug 6
US crude inventories fall as exports rise, EIA says
Crude exports rise by 620,000 bpd, driving inventory drawGasoline stocks fall by 1.3 mlb bbls, demand above 9 mln bpdDistillate stockpiles drop unexpectedly, down by 565,000 bblsBy Stephanie Kelly NEW YORK, Aug 6 - U.S. crude oil stockpiles fell last week as exports rose, while gasoline and disti...Reuters
Wed, Aug 6
Biden-era appointees could stymie Trump's effort to reshape Fed
A new Fed chief would be powerful but still need alliesThree Biden appointees could remain on board to influence policyFed's decentralized system could also slow changeBy Howard Schneider WASHINGTON, Aug 6 (Reuters) - President Donald Trump's coming nomination of a new member of the Feder...Reuters
Wed, Aug 6
CORRECTED-ANALYSIS-Easy to lose, hard to restore: US data trust on the line
Data trust can take years to rebuildTrump fired labor statistics head as world hungers for reliable dataAll eyes on new BLS chief, wider Trump hiringBy Andrea Shalal and Davide Barbuscia WASHINGTON/NEW YORK, Aug 5 (Reuters) - Donald Trump's move to fire the head of the U.S. Bureau of Labor St...Reuters
Wed, Aug 6
US crude, gasoline and distillate inventories fall - EIA
NEW YORK, August 6 - U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 3 million barrels to 423.7 million barrels in the week ended August 1, the EIA said, compared with analysts' expectations ...Reuters
Wed, Aug 6
