Trump’s nominee for NASA administrator was accused of passing bad checks to casinos
By Karen Freifeld (Reuters) – President Donald Trump’s nominee for NASA administrator, Jared Isaacman, was arrested on fraud charges in 2010 and faced lawsuits in
China criticizes US for ‘recent abuse’ of tariffs
WASHINGTON (Reuters) -China’s central bank governor on Friday criticized the U.S. for threatening global financial stability with its “recent abuse” of tariffs, in the wake
US new home sales jump in March; supply still rising
WASHINGTON (Reuters) -Sales of new U.S. single-family homes increased more than expected in March as buyers rushed to take advantage of a decline in mortgage
Nike seeks brand boost in shoe science for Kipyegon’s 4-minute mile bid
By Nicholas P. Brown (Reuters) – At a time when its knack for innovation is in question, Nike on Wednesday announced a project to help
Explainer-What happens to Apple and Meta after the EU fine?
By Supantha Mukherjee STOCKHOLM (Reuters) -European Union antitrust regulators on Wednesday fined Apple 500 million euros ($570 million) and Meta 200 million euros to make
US crude stockpiles post surprise build as imports jump, EIA says
By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more
Emerging economies face test from tighter funding as growth slows, says IMF
By Karin Strohecker and Rodrigo Campos WASHINGTON (Reuters) -The International Monetary Fund on Tuesday cut its 2025 growth outlook for emerging economies including Mexico and
Gold’s record run gains further traction; market conquers $3,500/oz
By Ashitha Shivaprasad and Anjana Anil (Reuters) -Gold’s remarkable run higher is reaching new heights, with the market touching $3,500 per ounce as confidence in the U.S.
GE Aerospace CEO Culp advocates tariff-free regime for aviation industry
By Rajesh Kumar Singh CHICAGO (Reuters) -GE Aerospace CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under
Citi expects higher effect of tariffs on growth in second half, puts recession odds close to 45%
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup’s Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as