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TREASURIES-US yields continue slide after worsening labor data
June 12 (Reuters) - U.S. Treasury yields on Thursday were lower for fourth straight session as markets absorbed economic data pointing to a worsening labor market and a moderate uptick in wholesale inflation.A $22 billion auction of 30-year bonds US30YT=RR also revealed strong demand, helping allay ...Reuters
Thu, Jun 12
California, 10 other states sue to block Trump from killing 2035 EV rules
States say U.S. Senate action was unlawfulTrump says California EV rules a 'disaster'Automakers praise action calling EV rules unworkableBy David Shepardson WASHINGTON, June 12 (Reuters) - A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of th...Reuters
Thu, Jun 12
US household wealth dropped in first quarter as tariff concerns hit stocks
By Ann SaphirJune 12 (Reuters) - U.S. household wealth fell at the end of the first quarter, Federal Reserve data showed on Thursday, dragged down by a stock market rout that has since reversed course.The net worth of households and non-profit groups shrank to $169.3 trillion as of March 31, the Fed...Reuters
Thu, Jun 12
WRAPUP 2-US labor market losing momentum; May producer inflation comes in tame
Weekly jobless claims unchanged at 248,000Continuing claims increase 54,000 to 1.956 millionProducer Price Index rebounds by 0.1% in MayBy Lucia Mutikani WASHINGTON, June 12 (Reuters) - The number of Americans filing new applications for unemployment benefits held at an eight-month high last week...Reuters
Thu, Jun 12
IMF says July forecasts to take into account trade deals, uncertainty
IMF: trade deals, tariff cuts could spark increased activityUncertainty affecting global growth prospects, IMF saysNew trade deals seen affecting July IMF forecastsBy David Lawder and Karin Strohecker June 12 (Reuters) - The International Monetary Fund said on Thursday that its next global growth...Reuters
Thu, Jun 12
US household wealth dropped in first quarter as tariff concerns hit stocks
June 12 (Reuters) - U.S. household wealth fell at the end of the first quarter, Federal Reserve data showed on Thursday, dragged down by a stock market rout that has since reversed course.The net worth of households and non-profit groups had declined to $169.3 trillion as of March 31, the Fed said i...Reuters
Thu, Jun 12
Germany's Bund yield drops to lowest since May on safe-haven flows
LONDON/GDANSK, June 12 (Reuters) - Germany's 10-year yield dropped to a near six-week low on Thursday as bonds benefitted from safe-haven flows on market jitters about trade and tensions in the Middle East, a day after soft U.S. inflation numbers. Germany's 10-year Bund yield, the benchmark ...Reuters
Thu, Jun 12
IMF welcomes Argentina reform steps ahead of end-June visit
LONDON, June 12 (Reuters) - The International Monetary Fund said on Thursday that it welcomed recent measures taken by Argentina's central bank and finance ministry ahead of a visit by the Fund to the country later in June. Argentina's central bank rolled out a broad package of economic...Reuters
Thu, Jun 12
IMF says next forecasts to take into account trade deals, uncertainty
WASHINGTON, June 12 (Reuters) - The International Monetary Fund said on Thursday that its next global growth forecast in July will take into account both positive and negative trade developments but declined to predict a tariff-driven GDP downgrade similar to that released by the World Bank this wee...Reuters
Thu, Jun 12
China says it will remove all tariffs on African exports to boost trade
By Duncan Miriri NAIROBI, June 12 (Reuters) - China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations.The Asian economic giant offers duty- and quo...Reuters
Thu, Jun 12
Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
By Yantoultra Ngui SINGAPORE, June 12 (Reuters) - Temasek has joined a consortium backed by Microsoft MSFT.O, BlackRock BLK.N and tech investment company MGX to invest and expand artificial intelligence infrastructure, according to BlackRock's investor day presentation slides on Thursday.The ...Reuters
Thu, Jun 12
US: From trade war to capital war – ABN AMRO
The One Big Beautiful Bill contains many worrying aspects that further increase the debt level, without a strong economic impulse. Beyond the headline tax cuts, it also contains some proposals for various taxes, such as Section 899, that look an awful lot like capital controls.Fxstreet
Thu, Jun 12
Barbie-maker Mattel teams up with OpenAI, eyes first AI-powered product this year
June 12 (Reuters) - Mattel MAT.O has teamed up with OpenAI to develop toys and games with artificial intelligence, and expects to launch its first AI-powered product later this year, the Barbie-maker said on Thursday.The company, which also makes Hot Wheels and Uno cards, plans to "bring the mag...Reuters
Thu, Jun 12
Goldman Sachs trims 12-month US recession probability to 30%
June 12 (Reuters) - Goldman Sachs on Thursday trimmed its U.S. recession probability to 30% from 35% for the next twelve months on easing uncertainty around President Donald Trump's tariff policies after the U.S. and China affirmed a trade deal. Earlier this week, negotiators from Washing...Reuters
Thu, Jun 12
TREASURIES-US yields continue slide after worsening labor data
June 12 (Reuters) - U.S. Treasury yields on Thursday were on track for a fourth straight day of declines as markets absorbed economic data pointing to a worsening labor market and a moderate uptick in wholesale inflation.Investors are also awaiting a $22 billion auction later Thursday of 30-year bon...Reuters
Thu, Jun 12
Fed seen on track to resume rate cuts after inflation, job market data
By Ann Saphir June 12 (Reuters) - The Federal Reserve's path to interest rate cuts starting in September appeared to widen on Thursday, after a pair of government reports pointed to cooler inflation and signs of potential weakening in the labor market. U.S. producer prices advanced 2.6% in M...Reuters
Thu, Jun 12
