News
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Trump appears to suggest he knows more about interest rates than Fed's Powell
April 30 (Reuters) - U.S. President Donald Trump on Wednesday appeared to suggest he knew more about interest rates than Federal Reserve Chairman Jerome Powell and that rates should be cut. "Mortgage rates are actually down slightly even though I have a guy in the Fed that I'm not a huge fan...Reuters
Wed, Apr 30
EBay announces CFO transition; sees quarterly revenue ahead of estimates
By Juby BabuApril 30 (Reuters) - E-commerce firm eBay EBAY.O said on Wednesday that its Chief Financial Officer Steve Priest will step down in May and will be replaced by Peggy Alford, who was a vice president at PayPal PYPL.O.EBay forecast second-quarter revenue above estimates and also beat market...Reuters
Wed, Apr 30
Host Hotels & Resorts beats Q1 results on strong pricing, Maui recovery
April 30 (Reuters) - Real estate investment trust Host Hotels & Resorts HST.O reported first-quarter adjusted funds from operations (FFO) above analysts' expectations on Wednesday, driven by higher pricing and a recovery in Maui.Shares of the company were up 1.9% in extended trading. Strong ...Reuters
Wed, Apr 30
Trump struggles to explain weak economic data as he reaches 100-day mark
By Trevor Hunnicutt WASHINGTON, April 30 (Reuters) - President Donald Trump on Wednesday counseled patience, cast blame and claimed victory in the face of a first-quarter U.S. economic contraction and tariffs that have taken a bite out of his popularity, saying a resurgence was around the corner....Reuters
Wed, Apr 30
BOJ to keep rates steady, cut growth forecasts
BOJ concludes 2-day meeting, decision expected 0330-0430GMTBoard seen cutting growth forecasts in quarterly reportBOJ may also cut price f'casts but see inflation around targetGovernor Ueda to brief media 0630GMTUeda faces tricky balancing act in policy communicationBy Leika Kihara TOKYO, May...Reuters
Wed, Apr 30
TREASURIES-Yields rise as investors mull weak growth and higher inflation
By Alden Bentley NEW YORK, April 30 (Reuters) - Benchmark 10-year U.S. Treasury yields rose in choppy trading on Wednesday after data showed that the U.S. economy contracted for the first time in three years in the first quarter while inflation also rose, complicating the outlook for the Federal ...Reuters
Wed, Apr 30
Fed signals rates will remain unchanged despite market bets on looming cuts
Fed's concern is above-target inflation that may worsen due to tariffsU.S. economy shrank last quarter, consumer spending slowedTraders expect an interest rate cut in JuneBy Ann Saphir April 30 (Reuters) - Federal Reserve policymakers have signaled that short-term interest rates will remain u...Reuters
Wed, Apr 30
What to Watch in the Day Ahead - Thursday, May 1
Apple is expected to report a rise in second-quarter revenue, with iPhone sales being flat in the January to March period due to competition in China and the slow rollout of Apple Intelligence features.Amazon is expected to report a rise in first-quarter revenue, driven by steady cloud demand, but w...Reuters
Wed, Apr 30
President Trump: Carney will come to the White House
US President Donald Trump said Wednesday that Canadian Prime Minister Mark Carney is seeking to strike a trade deal and is expected to visit the White House within the next week. He also hinted at the possibility of reaching a deal with China eventually.Fxstreet
Wed, Apr 30
WRAPUP 4-US economy shrinks in first quarter as tariffs unleash flood of imports
First-quarter GDP contracts at 0.3% rateFront-loading of imports ahead of tariffs weighs on GDPConsumer spending grows at a slow, but still healthy paceInflation cools in March before tariffs escalationWages maintain moderate growth pace in first quarterBy Lucia Mutikani WASHINGTON, April 30 (Reu...Reuters
Wed, Apr 30
TREASURIES-Yields gyrate lower, investors mull weak GDP and stagflation scenario
By Alden Bentley NEW YORK, April 30 (Reuters) - Benchmark U.S. Treasury yields seesawed lower on Wednesday after a disappointing read on first-quarter U.S. growth underscored market reasoning that White House tariff uncertainty will both weaken growth and increase inflation in a dreaded "...Reuters
Wed, Apr 30
BREAKINGVIEWS-US economic stall hints at a freefall to come
By Gabriel Rubin WASHINGTON, April 30 (Reuters Breakingviews) - Though he wasn’t even president for the entire quarter, the first official report on the health of the U.S. economy in 2025 bears the unmistakable imprint of Donald Trump. An estimated 0.3% annualized decline in gross domestic produc...Reuters
Wed, Apr 30
Fed should ditch current policy framework, group of former top central bankers says
G30 panel chaired by former New York Fed President DudleyReport says 'make-up' strategy slowed inflation response, raised risksIt argues 'inclusive' approach to employment is beyond Fed's reachBy Howard Schneider WASHINGTON, April 30 (Reuters) - A group of former top world cen...Reuters
Wed, Apr 30
REFILE-INSTANT VIEW-Tame March PCE inflation no salve after downbeat Q1 US GDP report
April 30 (Reuters) - Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly revised 0.5% gain in February, the Commerce Department' said on Wednesday. Economists polled by Reuters had forecast consumer spending would rise 0.5%...Reuters
Wed, Apr 30
