adminTrump Vows 15% Corporate Tax and Taps Musk for Federal Audit
(Bloomberg) — Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched…
Fed seeks feedback on emergency lending operations
By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window," which is intended to provide emergency lending…
Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market data
US stock futures turned lower on Thursday as investors digested more weaker-than-expected labor market data that could help set expectations for both interest-rate cut hopes and the health of the…
Lula’s Green Fuel Law Favors Farmers Over Oil Giant Petrobras
(Bloomberg) — New legislation in Brazil is set to support farmers by pushing additional demand toward biofuels — and away from the fossil fuels produced by state-controlled oil giant Petroleo…
Oil Pauses Near 14-Month Low on Signs of Falling US Stockpiles
(Bloomberg) — Oil steadied near the lowest close since June 2023 as an industry report pointed to a big draw in US crude stockpiles, with the market taking a breather…
Analysis-Bears circle weakening dollar as Fed rate cuts loom
By Saqib Iqbal Ahmed NEW YORK, Sep 5 (Reuters) – The U.S. dollar's decline is gaining speed as anticipated interest rate cuts by the Federal Reserve threaten to end the…
Oil steady as investors weigh weak demand, potential delay to OPEC+ output hike
(Reuters) – Oil was attempting to hold its line in early trade on Thursday after an overnight sell-off, as players grappled with weak demand alongside a possible delay to more…
Dollar wobbles on rising bets of outsized Fed rate cut
By Rae Wee SINGAPORE (Reuters) – The dollar dipped on Thursday as traders ramped up bets for a supersized rate cut from the Federal Reserve later this month, with the…
Stock market today: Stocks slip as tough September start rolls on
US stocks were lower on Wednesday, coming off a steep sell-off fueled by worries about economic growth and the artificial intelligence trade amid a slide in Nvidia (NVDA) shares. The…
U.S. firms saw slowing economic activity in recent weeks, Fed survey shows
(Reuters) – U.S. economic activity expanded more slowly from mid July through late August and businesses reported less hiring, signals that underscore why the Federal Reserve is set to lower…
