Trump budget to increase growth by boosting investment, labor force: Mnuchin
WASHINGTON (Reuters) – The Trump administration believes its budget plan will boost economic growth by fostering capital investment and creating jobs for workers who gave up their job hunts during tough times, Treasury Secretary Steven Mnuchin said on …
Kashkari adds to dovish caution on rate hikes at Fed
MINNEAPOLIS (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said Tuesday that while the U.S. economy is closer now than it was in March to full employment, he still does not know “if we are there yet,” and that the recent decline i…
Fidelity to allow clients to see digital currencies on website
NEW YORK (Reuters) – Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company’s website, said Chief Executive Abigail Johnson on Tuesday.
Housing recovery intact despite drop in new home sales
WASHINGTON (Reuters) – New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
After Brexit, EU plans ‘offer you cannot refuse’ to expand euro zone: Moscovici
BRUSSELS (Reuters) – The European Commission aims to make adopting the euro more attractive to European Union members currently outside the currency bloc, the economics commissioner said on Tuesday, in a bid to make the union more tight-knit after Brit…
Investors skeptical Ford CEO change will revive stock price
NEW YORK (Reuters) – Ford Motor Co’s unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices.
Wall Street rises on investor relief after Trump budget
(Reuters) – Wall Street ended higher on Tuesday after the release of President Donald Trump’s budget plan but gains were tempered by declines in consumer discretionary stocks amid weakness in auto-parts companies.
Daimler board members not targeted in German prosecutor probe: source
FRANKFURT (Reuters) – Daimler’s board members are not personally under investigation as part of a fraud probe being conducted by the Stuttgart public prosecutor, a company source said on Tuesday.
China to open more sectors to foreign investors
BEIJING (Reuters) – China will further open its economy to foreign investors, through measures such as allowing investment in more industries, such as services, state television said on Tuesday, citing a reform group meeting chaired by President Xi Jin…
German Fin Min sees deal for Greece in three weeks ‘if all goes well’
BRUSSELS (Reuters) – Germany’s Finance Minister Wolfgang Schaeuble expressed some confidence on Tuesday that Greece’s international creditors would overcome their differences and agree in three weeks on a deal that would release more loans to Athens.
