News
Important Only
Musk's SpaceX loses early legal challenge to US labor board's powers
By Daniel Wiessner March 5 (Reuters) - A U.S. appeals court on Wednesday rejected a bid by Elon Musk's SpaceX to block the National Labor Relations Board from pursuing claims that the rocket maker illegally fired engineers who were critical of Musk.A unanimous three-judge panel of the New Orl...Reuters
Wed, Mar 5
RPT-ANALYSIS-Sony, Suntory build U.S. stockpiles as Japan faces Trump tariff threat
For the first time, Trump hints at Japan-aimed dutiesSome companies shift production to United StatesOthers ship inventory, split supply chainsTariff expertise in demand, recruiter saysBy Tim Kelly, Kentaro Okasaka and Rocky Swift TOKYO, March 5 (Reuters) - Japanese electronics giant Sony and dri...Reuters
Wed, Mar 5
NY Fed's Perli says market liquidity levels remain abundant
NY Fed's Perli says market liquidity still amplePerli's comments suggest balance sheet cuts have more roomPerli flags challenge of navigating debt ceiling resolutionBy Michael S. Derby NEW YORK, March 5 (Reuters) - A Federal Reserve Bank of New York official who manages the implementation...Reuters
Wed, Mar 5
ECB to cut rates again as trade wars, defence cloud the outlook
Deposit rate cut to 2.5% fully expectedTrade war, German spending boom to transform outlookReference to 'restrictive' policy is key to watch By Balazs Koranyi and Francesco Canepa FRANKFURT, March 6 (Reuters) - The European Central Bank is set to cut interest rates again on Thursday in wh...Reuters
Wed, Mar 5
US crude imports hit 4-year low on weak refinery demand
US waterborne crude imports hit lowest point since March 2021 - KplerCanadian crude imports fall to lowest since April amid 67% drop in East Coast shipments Refinery maintenance, including at largest East Coast plant, hits demand Uncertainty over impending tariffs also curbed shipmentsBy Georgina Mc...Reuters
Wed, Mar 5
TREASURIES-US yields rise as investors gauge data, impact of tariffs
Yields rise amid mixed economic data, tariff concernsADP report shows lower-than-expected job growthISM nonmanufacturing PMI beats forecastBy Chuck Mikolajczak NEW YORK, March 5 (Reuters) - U.S. Treasury yields climbed on Wednesday, reversing earlier declines, as investors gauged a mixed bag of e...Reuters
Wed, Mar 5
US economic activity up slightly as tariff worries rise, Fed survey shows
Fed reports uneven economic growth across districtsRising uncertainty linked to Trump's policies, including tariffsFed likely to maintain interest rates amid inflation concernsBy Ann Saphir March 5 (Reuters) - U.S. economic activity has risen slightly but unevenly since mid-January, employmen...Reuters
Wed, Mar 5
Fed's Beige Book: Price increases ahead of tariffs could spell trouble for inflation
The Federal Reserve's (Fed) Summary of Commentary on Current Economic Conditions by Federal Reserve District, colloquially known as the Beige Book, is a collection of anecdotal information regarding inflation, employment, and general economic conditions within each Fed Bank's district.Fxstreet
Wed, Mar 5
US activity rises slightly and uncertainty also up, Fed survey shows
Fed reports uneven economic growth across districtsRising uncertainty linked to Trump's policies, including tariffsFed likely to maintain interest rates amid inflation concerns March 5 (Reuters) - U.S. economic activity has risen slightly but unevenly since mid-January, employment nudged high...Reuters
Wed, Mar 5
US White House Press Secretary Leavitt: Trump will give auto industry an extension on tariffs
According to US White House Press Secretary Karoline Leavitt, US President Donald Trump is granting the US automotive industry, which is incredibly dependent on foreign trade, a one-month exemption from this week's stiff 25% tariffs imposed on Canada and Mexico.Fxstreet
Wed, Mar 5
Mexican Peso surges as rumors swirl over tariff rollback
The Mexican Peso (MXN) is recovering some ground against the US Dollar (USD) on Wednesday, on rumors that tariffs imposed by the United States (US) since March 4 could be rolled back or at least adjusted, according to US Commerce Secretary Howard Lutnick.
Fxstreet
Wed, Mar 5
TREASURIES-US yields rise as investors gauge data, impact of tariffs
Yields rise amid mixed economic data, tariff concernsADP report shows lower-than-expected job growthISM nonmanufacturing PMI beats forecast, indicating expansionBy Chuck Mikolajczak NEW YORK, March 5 (Reuters) - U.S. Treasury yields were mostly higher on Wednesday in choppy trading, as investors ...Reuters
Wed, Mar 5
Irish tax take for January-February up 12%, excluding Apple tax windfall
DUBLIN, March 5 (Reuters) - Ireland collected 12% more tax in the first two months of the year than in the same period last year if one-off proceeds from a ruling on Apple AAPL.O back taxes are excluded, the finance ministry said on Wednesday.Ireland is drawing down a 14 billion euro ($15.09 billion...Reuters
Wed, Mar 5
US crude stockpiles rise, fuel draws down amid refinery maintenance, EIA says
By Stephanie Kelly NEW YORK, March 5 (Reuters) - U.S. crude oil stockpiles rose more than expected last week, while gasoline and distillate inventories fell as product exports rose amid refinery spring maintenance, data from the Energy Information Administration showed on Wednesday.Crude inventor...Reuters
Wed, Mar 5
