WASHINGTON (Reuters) -The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still…
J.P.Morgan wary of stablecoin’s trillion-dollar growth bets, cuts them by half
By Rashika Singh (Reuters) -J.P.Morgan on Thursday forecast stablecoin growth will only reach $500 billion by 2028, calling trillion-dollar projections…
UPS to offer voluntary buyout packages to its US drivers
(Reuters) -Parcel giant UPS said on Thursday it will offer voluntary buyouts to its full-time U.S. drivers as part of…
Analysis-Platinum prices have limited upside after June’s stellar rally
By Polina Devitt and Anushree Mukherjee LONDON (Reuters) -Platinum prices have limited room to rise further after a record quarterly…
Factbox-How the Republican spending bill super-charges immigration enforcement
By Ted Hesson WASHINGTON (Reuters) -The major tax-cut and spending bill that Republicans hope to bring to final passage in…
AOS settles with US over unauthorized Huawei shipments
By Karen Freifeld (Reuters) -Alpha and Omega Semiconductor Limited has agreed to pay $4.25 million to settle with the U.S.…
Microsoft to cut about 4% of jobs amid hefty AI bets
(Reuters) -Microsoft will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts…
Tesla deliveries slump, Musk’s EV maker stares at second year of falling sales
By Akash Sriram (Reuters) -Tesla is headed for another year of shrinking sales after it posted a second straight drop…
Investors react as US Senate passes Trump’s big tax bill
(Reuters) -The Republican-controlled U.S. Senate passed President Donald Trump’s sweeping tax-cut and spending bill termed the “big, beautiful bill” on…
BlackRock eyes shorter-term bets amid shaky global economic foundations
By Davide Barbuscia NEW YORK (Reuters) -The BlackRock Investment Institute (BII) said on Tuesday that growing uncertainty around traditionally stable,…