Zara founder Ortega buys Barcelona office building for $283 million, sources say
By Corina Pons MADRID (Reuters) -Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for 250 million euros ($283 million), two
US inflation tepid in April, consumer spending slows
NEW YORK (Reuters) -U.S. inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures (PCE) Price
JPMorgan’s Dimon says US should tax carried interest, CNBC reports
(Reuters) -JPMorgan Chase CEO Jamie Dimon said at the Reagan National Economic Forum that the U.S. should be taxing carried interest, CNBC reported on Friday.
Factbox-Trump’s multi-pronged attack on Harvard explained
(Reuters) -The administration of U.S. President Donald Trump is waging a campaign against Harvard University, the country’s oldest and richest school, across multiple fronts, including
Amazon’s robotaxi unit Zoox issues second software recall after San Francisco crash
By David Shepardson WASHINGTON (Reuters) -Amazon.com’s self-driving unit Zoox issued a second software update to improve how its vehicles track nearby pedestrians and prevent movement
US pending home sales fall sharply in April
WASHINGTON (Reuters) -Contracts to buy U.S. previously owned homes fell more than expected in April as rising mortgage rates and economic uncertainty weighed on demand.
Fed’s Goolsbee: if tariffs are avoided, policy rate can come down
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or
Nike’s longtime design and innovation chief John Hoke to retire
(Reuters) -Nike’s chief innovation officer, John Hoke, is retiring, the world’s largest sportswear company said on Thursday. Hoke, who joined Nike in 1992, has served
Musk criticizes Trump tax bill: can’t be both big and beautiful
WASHINGTON (Reuters) -Billionaire Elon Musk has criticized President Donald Trump’s “big, beautiful” tax and spending bill, saying it detracts from his efforts to shrink the
White House to send Congress small package of DOGE spending cuts
By Nandita Bose, Bo Erickson WASHINGTON (Reuters) -The White House intends to send Congress a small package as early as next week to formalize cuts