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News
Kennedy Center on brink of bankruptcy, could close as early as Tuesday, Washington Post reports
16+ hour, 39+ min ago (156+ words) Sept 13 (Reuters) - Leaders of the John F. Kennedy Center for the Performing Arts say it is on the brink of bankruptcy and could close as early as Tuesday, the Washington Post reported on Sunday. The leaders, installed by U.S. President…...
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
1+ day, 52+ min ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
Hyundai Motor to roll out in-house driver-assist system in 2029
1+ day, 16+ hour ago (380+ words) SEOUL, Sept 13 (Reuters) – Hyundai Motor Group will launch vehicles equipped with its proprietary driver-assistance software in late 2029, two years later than planned, turning to Nvidia in the interim to accelerate deployment. The South Korean automaker will partner with the U....
Canadian boycott of US products pushes grocers to adapt, explore new supply sources
2+ day, 6+ hour ago (697+ words) TORONTO, Sept 12 (Reuters) – A growing consumer push to buy Canadian and boycott U.S. products is reshaping supermarket shelves in Canada, forcing grocers to improve country-of-origin labeling and secure new sources of supply. In Ontario, the president of independent grocer Vince’s…...
US budget deficit shrinks in August, year-to-date flat at $1.97 trillion
2+ day, 21+ hour ago (240+ words) Sept 11 (Reuters) – The U.S. federal budget deficit for August shrank to $167 billion due largely to some calendar shifts in benefit payments rather than any underlying trend, leaving the fiscal-year-to-date budget gap essentially flat at $1.97 trillion, the U.S. Treasury said…...
Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports
3+ day, 18+ hour ago (110+ words) Sept 10 (Reuters) - The Pentagon is in talks to lend roughly $5 billion to AI cloud-computing startup Fluidstack to shore up the U.S. data-center supply chain, the Wall Street Journal reported on Thursday, citing people familiar with the m... Pentagon in…...
Washington nonprofit Better Markets sues Federal Reserve over capital rule overhaul
4+ day, 11+ min ago (310+ words) By Pete Schroeder and Michelle Price WASHINGTON, Sept 10 (Reuters) – Better Markets, a Washington nonprofit that advocates for Wall Street reforms, sued the U.S. Federal Reserve on Thursday, alleging the central bank has broken federal rules in its handling of a…...
Cutting Canada tariffs alone won’t flatten US aluminum premium, Alcoa says
3+ day, 23+ hour ago (330+ words) Sept 10 (Reuters) – The steep premium paid for aluminum in the U.S. will not drop significantly even if Washington halves the tariffs on metal from neighboring Canada, because imports from other countries will still be needed, Alcoa’s finance chief said on…...
ECB’s Lagarde rejects French far-left leader’s debt-cancellation plan as ‘financially dangerous’
4+ day, 2+ hour ago (232+ words) BERLIN, Sept 10 (Reuters) – European Central Bank President Christine Lagarde on Thursday rejected French far-left leader Jean-Luc Mélenchon’s plan to cancel a portion of France’s national debt, calling it “financially dangerous” and legally impossible under EU law. Mélenchon has proposed cancelling…...
Portugal debt upgrade seals PIIGS passage from pariahs to pin-ups
4+ day, 11+ hour ago (520+ words) By Sara Rossi, Valentina Consiglio and Alessia Pe MILAN, Sept 10 (Reuters) – Fitch’s upgrade of Portugal’s debt last week, its second in a year, marked the latest promotion among the five euro zone countries labelled the PIIGS during Europe’s 2011 debt crisis....