EXCLUSIVE White House to target bank mergers, financial data with competition order
WASHINGTON, July 9 (Reuters) – President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter. It will also ask the Consumer Financial Protection […]
U.S. adds 14 Chinese companies, to economic black list over Xinjiang
WASHINGTON, July 9 (Reuters) – The Biden administration on Friday added 14 Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang. The Commerce Department said the companies had been “implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass […]
Analysis: U.S. states ending jobless benefits early hit labor market milestone in March
WASHINGTON, July 2 (Reuters) – U.S. states halting federal unemployment benefits early had crossed a key threshold in their economic recovery early this spring, with the number of available jobs exceeding the number of unemployed people, new federal data shows. The data, which estimates job openings and turnover at the state level, showed the ratio […]
COVID Delta variant worries bubble to the surface in some asset prices
Worries over the spread of the Delta coronavirus variant are emerging in various corners of global financial markets, even as U.S. stocks hover near record highs.
Fed, ECB minutes and all eyes on China inflation
Minutes of the June meetings of the U.S. Fed and the ECB, plus the latest inflation data from China – here’s a rapid tour of next week’s top economic events and themes to be covered by Reuters bureaus.
Israeli foreign minister to meet U.S., Bahrain counterparts on Sunday
JERUSALEM, June 27 (Reuters) – Israeli Foreign Minister Yair Lapid will meet his U.S. and Bahraini counterparts in Rome on Sunday, Lapid’s office said, the first face-to-face diplomatic contacts for a senior member of the new Israeli government that was sworn in two weeks ago. Bahrain and the United Arab Emirates normalised ties with Israel […]
Holloway narrowly misses world record in blockbuster day at U.S. trials
Grant Holloway narrowly missed the 110-metre hurdles world record on a blockbuster day at the U.S. trials in Eugene, Oregon.
Five dead, 156 still missing in Florida building collapse as searchers race against time
SURFSIDE, Fla., June 27 (Reuters) – Searchers worked early on Sunday to find more than 150 missing residents amid the rubble of a Florida condo building that collapsed three days ago as questions arose about the tower’s structural integrity. The death toll rose to five on Saturday after emergency workers found a victim in their […]
U.S. consumer spending takes breather; inflation pushes higher
U.S. consumer spending paused in May as shortages weighed on motor vehicle purchases, but the supply constraints and increased demand for services helped to boost inflation, with the Federal Reserve’s main inflation measure posting its biggest annual increase since 1992.
Take Five: The missing piece in the Fed puzzle
Next Friday’s U.S. employment report will allow investors to gauge whether a powerful U.S. recovery could push the Federal Reserve to start unwinding ultra-easy monetary policies sooner than expected.
