News
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Carney stresses Canada will never be for sale in first meeting with Trump
Carney, Trump show little animosity in Oval Office meetingCarney says leaders' lunch was constructiveCanada is second-largest US trading partner after MexicoCarney says he asked Trump to stop referring to Canada as the 51st stateBy David Ljunggren and Steve Holland WASHINGTON, May 6 (Reuters)...Reuters
Tue, May 6
TREASURIES-Prices rise after solid US 10-year note auction
US Treasury's 10-year note auction shows solid demandMore supply comes with $25 billion in 30-year bonds on ThursdayFed seen keeping interest rates on hold Wednesday 10-year Treasury yield touches highest since April 23 By Gertrude Chavez-Dreyfuss and Alden Bentley NEW YORK, May 6 (Reuters) -...Reuters
Tue, May 6
Chipmaker AMD forecasts second-quarter revenue above estimates
May 6 (Reuters) - AMD AMD.O forecast second-quarter revenue above Wall Street estimates on Tuesday, betting on robust demand for its artificial-intelligence chips even as trade tensions cloud the global economic outlook. The company expects revenue of about $7.4 billion for the second quarter, plus ...Reuters
Tue, May 6
AUD/USD remains resilient amid Fed uncertainty and trade concerns
The AUD/USD pair remains resilient, despite a retreat from recent highs. The Australian Dollar (AUD) benefits from a weaker US Dollar (USD), as market participants focus on the Federal Reserve’s (Fed) anticipated policy meeting on Wednesday.
Fxstreet
Tue, May 6
Rivian slashes annual deliveries forecast as US tariffs seen hitting demand
May 6 (Reuters) - Rivian RIVN.O lowered its deliveries forecast for 2025 on Tuesday as U.S. tariffs on imported vehicles and auto parts threaten to unsettle the economy and hurt demand for its electric SUVs and pickup trucks."About the impact of tariffs, it's a couple of thousand dollars of ...Reuters
Tue, May 6
Canadian PM Carney: This is the point at which a serious conversation begins
Following a joint press conference between Canadian Prime Minister Mark Carney and United States (US) President Donald Trump, Canadian PM Carney followed up with a press conference of his own, adding some much-needed clarity to the discussions that have begun between Canada and the US about trade st
Fxstreet
Tue, May 6
Deputy Treasury Secretary Faulkender: US Dollar to remain the world's reserve currency
United States (US) Deputy Treasury Secretary Michael Faulkender hit newswires on Tuesday, noting that despite ongoing market tensions and investor concerns about US economic stability, demand for US Treasuries and US Dollar demand remain high.Fxstreet
Tue, May 6
What to Watch in the Day Ahead - Wednesday, May 7
The Federal Reserve Open Markets Committee (FOMC) wraps up its two-day meeting, with expectations that the Fed Funds Target rate will remain unchanged at 4.25%–4.5%. Markets will closely watch the Fed's policy statement for clues on the path of interest rates. Fed Chair Jerome Powell is also sch...Reuters
Tue, May 6
Pharma imports to US surged in March as drugmakers look to avoid tariffs
Ireland posts record export volumes to the U.S. ahead of drug tariffsTrump has launched investigation likely to lead to pharma leviesTop companies say they have stepped up import effortsBy Michael Erman NEW YORK, May 6 (Reuters) - Pharmaceutical imports to the U.S. surged in March as drugmakers s...Reuters
Tue, May 6
Buffett's Dairy Queen on guard as tariffs weigh on desire to dine out
CEO says sales began to flatten in AprilUS stores source most ingredients domesticallyDairy Queen expands in China, looks toward Saudi ArabiaBy Jonathan Stempel OMAHA, Nebraska, May 6 (Reuters) - Dairy Queen, owned by Warren Buffett's Berkshire Hathaway BRKa.N, has seen signs that consumers a...Reuters
Tue, May 6
CORRECTED-TREASURIES-Sideways trade and mixed yields as investors await Fed
U.S. Treasury selling $42 billion of 10-year notesFed seen keeping interest rates on hold Wednesday 10-year Treasury yield touches highest since April 23 By Alden Bentley NEW YORK, May 6 (Reuters) - U.S. Treasury yields were mixed in subdued trade on Tuesday before the Federal Open Market Committ...Reuters
Tue, May 6
