Trump administration will focus on Fed chair replacement in fall, Bessent says
By Andrea Shalal WASHINGTON (Reuters) -The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell…
Microsoft to cut about 4% of jobs amid hefty AI bets
(Reuters) -Microsoft will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts…
Tesla deliveries slump, Musk’s EV maker stares at second year of falling sales
By Akash Sriram (Reuters) -Tesla is headed for another year of shrinking sales after it posted a second straight drop…
Factbox-How the Republican spending bill super-charges immigration enforcement
By Ted Hesson WASHINGTON (Reuters) -The major tax-cut and spending bill that Republicans hope to bring to final passage in…
AOS settles with US over unauthorized Huawei shipments
By Karen Freifeld (Reuters) -Alpha and Omega Semiconductor Limited has agreed to pay $4.25 million to settle with the U.S.…
Fed rate cut bets rise after Powell doesn’t rule out July
(Reuters) -Financial market bets rose that the Federal Reserve could start interest-rate cuts as soon as this month after Fed…
Investors react as US Senate passes Trump’s big tax bill
(Reuters) -The Republican-controlled U.S. Senate passed President Donald Trump’s sweeping tax-cut and spending bill termed the “big, beautiful bill” on…
Fed’s Powell says dollar swap lines remain important tool
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said Tuesday the U.S. central bank has no…
World Bank urges aid for economies in conflict as US pushes cuts
By Rodrigo Campos (Reuters) -The goal of ending extreme poverty around the globe remains elusive partly due to compounding challenges…
Trump administration to end deportation relief for Haitian migrants
By Ted Hesson WASHINGTON (Reuters) -U.S. Homeland Security Secretary Kristi Noem will end deportation protections for half a million Haitians,…