By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials say they are likely to keep reducing interest rates for now, and investors still expect them to do so at the U.S. central bank’s Dec. 17-18 meeting. But how far they will go beyond that remains a wide-open question, with the minutes of the Fed’s meeting…
WASHINGTON (Reuters) – President-elect Donald Trump has named several high-profile conservatives associated with “Project 2025” to his administration despite repeatedly distancing himself from the hard-right initiative on the campaign trail. His selections have refocused public attention on the project, which played a significant role in the 2024 presidential campaign. WHAT IS PROJECT 2025? At its…
A look at the day ahead in U.S. and global markets from Mike Dolan Any speculation that U.S. President-elect Donald Trump would adopt a ‘softly, softly’ approach to his trade and economic policies was jolted overnight as he warned of immediate tariff hikes on Canada, Mexico and China – hitting the currencies of all three….
By Helen Coster and Alexandra Ulmer (Reuters) – Billionaire Elon Musk has been using his social media platform X to go to bat for President-elect Donald Trump’s cabinet picks and promote his own preferred candidates, advocating for choices he views as change agents who will help remake the U.S. government. In several high-profile cases, however,…
PITTSBURGH (Reuters) – U.S. oil and gas lobbying groups said on Tuesday they were wary of President-elect Donald Trump’s threat of tariffs on Canada and Mexico, saying such policies could affect consumers, industry and security. Trump, who takes office on Jan. 20, vowed to impose a 25% tariff on imports from Canada and Mexico, two…
Investing.com — Following Comcast Corp (NASDAQ:CMCSA)plans to spin off most of its cable networks and MLB’s plan to exit regional sports, Macquarie analysts highlighted growing challenges for the traditional pay TV industry. Comcast recently announced plans to spin off most of its cable networks, keeping only NBC broadcast and Peacock. This move is seen as modestly…
By Stefania Spezzati and Libby George LONDON (Reuters) – The world’s top investment banks are on track to post the highest revenue in five years from trading Israel’s bonds and currency thanks to the volatility caused by the 14-month long war in the Middle East, data seen by Reuters show. Banks are expected to post…
Investing.com — UBS assumed coverage of U.S. airlines with an updated outlook, assigning Buy ratings to Alaska Air (NYSE:ALK) Group, Delta Air Lines (NYSE:DAL), and United Airlines while downgrading Southwest Airlines (NYSE:LUV) and JetBlue Airways (NASDAQ:JBLU) to Sell. The research note focuses on supply-demand dynamics, revenue diversification, and balance sheet strength to guide its ratings….
By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – Multinational companies are beefing up their foreign exchange hedging strategies to guard their overseas earnings from larger currency swings that could come from a second Donald Trump presidency. Since the U.S. election three weeks ago, strategists and bankers said they are seeing more interest…
By Luc Cohen NEW YORK (Reuters) – Rudy Giuliani was rebuked by a federal judge on Tuesday after the former New York City mayor interrupted a court hearing, pleading he could not pay his bills because two Georgia election workers to whom he owes $148 million have tied up his assets. Giuliani, once a personal…
