News
Important Only
What to Watch in the Week Ahead and on Monday, May 12
ON MONDAYFox Corp is expected to report higher third-quarter revenue, driven by growing advertising spending. Investors will be looking for commentary on advertising growth amid economic uncertainty.The U.S. Treasury Department will release the federal budget figures for April. The budget deficit ca...Reuters
Fri, May 9
NATO's Rutte wants 2032 deadline for new defence spending goals, Dutch PM says
May 9 (Reuters) - NATO Secretary General Mark Rutte has proposed that alliance members meet higher targets for defence spending by 2032, Dutch Prime Minister Dick Schoof said on Friday.Reuters reported last week that Rutte had proposed NATO members raise defence spending to 3.5% of their GDP, and a...Reuters
Fri, May 9
US consumer watchdog to scrap scores of financial oversight policies issued since 2011
By Douglas Gillison May 9 (Reuters) - The U.S. Consumer Financial Protection Bureau issued a list on Friday of nearly 70 policy and regulatory guidance documents stretching back more than a decade that the agency plans to rescind.The announcement, which was not final, was the latest step in the a...Reuters
Fri, May 9
Ex Fed's Warsh: smaller Fed balance sheet would allow lower policy rate
May 9 (Reuters) - Kevin Warsh, a former Federal Reserve Governor who is an apparent frontrunner to be U.S. President Donald Trump's pick to be the next Fed chair, on Friday suggested a possible pathway to a lower policy rate, an outcome that Trump has repeatedly, albeit in vain, pressed the curr...Reuters
Fri, May 9
WRAPUP 1-Fed officials, citing uncertainty, reiterate patient policy stance
Fed officials point to economic uncertainty, trade policy risksUS tariffs may boost inflation, complicate Fed policy decisionsFed aims to balance inflation control, job market strengthBy Michael S. Derby May 9 (Reuters) - The first wave of Federal Reserve officials to weigh in after this week'...Reuters
Fri, May 9
Switzerland and US agree to accelerate trade talks, Swiss president says
By Emma Farge and Ariane Luthi GENEVA, May 9 (Reuters) - Switzerland and the United States have agreed to accelerate their trade talks and are determined to reach an agreement quickly, Swiss President Karin Keller-Sutter said on Friday, without specifying a time frame.U.S. President Donald Trump ...Reuters
Fri, May 9
Fed's independent structure has proved its worth, Waller says
By Howard Schneider PALO ALTO, California, May 9 (Reuters) - The structure of the Federal Reserve's Board of Governors, with members who cannot be fired over policy disputes and serve for periods staggered across presidential terms, has "stood the test of time" and should be preserved...Reuters
Fri, May 9
TREASURIES-US yields dip ahead of China trade talks
China talks front and center on bond investors' radarTrump says 80% tariffs on China imports seem rightFed fund futures lower odds of July easingBy Gertrude Chavez-Dreyfuss NEW YORK, May 9 (Reuters) - U.S. Treasury yields slipped on Friday, with thinner volume than usual and sentiment still u...Reuters
Fri, May 9
Nigeria's Senate passes tax reform bills to boost government revenue
By Camillus Eboh ABUJA, May 9 (Reuters) - Nigeria's Senate passed four tax reform bills on Friday aimed at boosting government revenue, nearing completion of a plan that has faced criticism and pushback from within President Bola Tinubu's ruling All Progressives Congress.After ending cost...Reuters
Fri, May 9
Brazil's annual inflation rate drifts further above target in April
SAO PAULO, May 9 (Reuters) - Brazil's annual inflation rate rose to 5.53% in April from 5.48% in the prior month, official data showed on Friday, days after the central bank hiked its benchmark interest rate to the highest level in almost 20 years due to stubbornly high inflation.Consumer prices...Reuters
Fri, May 9
