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Fed Governor Kugler says resigning from Fed effective Aug 8
By Michael S. DerbyAug 1 (Reuters) - Federal Reserve Governor Adriana Kugler said on Friday she was resigning from the Federal Reserve effective Aug. 8, the central bank said in a statement.Kugler's term as a governor ends next January. A Fed press release said Kugler will return to Georgetown U...Reuters
Fri, Aug 1
TREASURIES-US yields dive as job growth slows, Fed rate cut in September seen likely
US two-year yields drop to lowest in five weeksFed seen as likely to cut rates in September, futures show 81% chanceManufacturing PMI contracts for fifth month, factory employment hits five-year lowFed officials downplay slowdown in jobs growthBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 1 (Reuters)...Reuters
Fri, Aug 1
CORRECTED-Trump tariffs spark 'deep concern' among Brazil chemical firms
By Ana Mano SAO PAULO, Aug 1 (Reuters) - An association representing chemical companies in Brazil, where large U.S. firms like ExxonMobil XOM.N and Dow Chemical DOW.N operate, expressed "deep concern" regarding a U.S. executive order raising tariffs on Brazilian exports to 50%.The Brazili...Reuters
Fri, Aug 1
WRAPUP 6-Weakening US jobs market hits center of Fed rate policy debate
Waller and Bowman favored a rate cut at this week's meetingOther regional Fed chiefs want more data to gauge job market stateConcerns about impact of tariffs on inflation have kept Fed on sidelinesBy Michael S. Derby Aug 1 (Reuters) - Surprisingly weak July hiring data released on Friday high...Reuters
Fri, Aug 1
Swiss stunned by US tariff hike, seek negotiated solution
US announces 39% tariff on imports from SwitzerlandSwiss manufacturers say tens of thousands of jobs at riskTalks to continue ahead of August 7 introduction By John Revill and Olivia Le Poidevin RUETLI, Switzerland, Aug 1 (Reuters) - Swiss manufacturers warned on Friday that tens of thousands of ...Reuters
Fri, Aug 1
RPT-Trump fires US Labor Department's statistical leader after weaker than expected jobs report
WASHINGTON, Aug 1 (Reuters) - U.S President Donald Trump on Friday ordered that the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, be fired after data showed employment growth was weaker than expected last month.McEntarfer was nominated by former President Joe Biden to ser...Reuters
Fri, Aug 1
Trump fires US Labor Department's statistical leader after weaker than expected jobs report
WASHINGTON, Aug 1 (Reuters) - U.S President Donald Trump on Friday ordered that the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, be fired after data showed employment growth was weaker than expected last month.McEntarfer was nominated by former President Joe Biden to ser...Reuters
Fri, Aug 1
Tesla sales drop again around Europe despite Model Y revamp
Tesla July registrations down 86% in Sweden, 27% in FranceThey were up 83% in Norway and 27% in Spain Model Y sales down 88% in Sweden, up fourfold in NorwayMusk: regulatory issues make it harder to sell in EuropeBy Alessandro Parodi Aug 1 (Reuters) - Registrations of new Tesla TSLA.O cars in sev...Reuters
Fri, Aug 1
Brazil's industrial output resumes growth, but falls short of expectations in June
SAO PAULO, Aug 1 (Reuters) - Brazil's industrial production rose by less than expected in June, according to statistics agency IBGE on Friday, as tight monetary policy shows signs of cooling the sector while tariffs announced by U.S. President Donald Trump start to squeeze global demand. After ...Reuters
Fri, Aug 1
Tesla sales in Portugal slump 48.5% in July, total EVs rise
Aug 1 (Reuters) - Tesla's TSLA.O new car registrations in Portugal fell 48.5% in July from a year ago to 284 units, as overall new registrations of light electric vehicles rose about 9.5%, the country's automobile industry association ACAP said on Friday.In the January-July period, Tesla sal...Reuters
Fri, Aug 1
Tesla's new car sales in Italy down 5% y/y in July
MILAN, Aug 1 (Reuters) - Tesla's TSLA.O new car registrations fell for a third month in a row in Italy in July, posting a 5% year-on-year decline, data from the transport ministry showed on Friday.The U.S. electric vehicles maker sold only 457 cars in Italy in July, as usual a relatively low num...Reuters
Fri, Aug 1
Fed's Bostic admits Fed is in a "difficult environment" as jobs data flashes warning signs
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Friday that the latest round of US Nonfarm Payrolls (NFP) jobs data, including revisions, is certainly cause for rate conversation at the Fed, but inflation metrics are still an ingoing concern, especially as the Trump administrFxstreet
Fri, Aug 1
