Musk acknowledges $2 trillion spending cut goal a long shot
Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that ...
Fed's Harker still expects rate cuts but sees considerable uncertainty
Philadelphia Federal Reserve President Patrick Harker said on Thursday he still expects the U.S. central bank to cut interest ...
Climate change shows 'claws' with rising costs for disasters, Munich Re says
Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from ...
Film stars, celebrities lose homes, flee from Los Angeles wildfires
Billy Crystal lost the Pacific Palisades house where he had lived since 1979. Paris Hilton watched her Malibu beach mansion ...
Fed's Collins says now is time for patient, gradual approach to rate cuts
Federal Reserve Bank of Boston President Susan Collins said Thursday that significant uncertainty over the outlook calls for ...
Bonds remain under pressure as European stocks recover
Government bonds remained under pressure on Thursday and the dollar held steady near its highest levels in more than a year as European stocks reversed early losses.
US hiring announcements in 2024 lowest in nine years
Hiring announcements by U.S. employers last year were the lowest since 2015, a report showed on Thursday, confirming a sharp ...
UK markets are in the eye of the global bond storm
British markets are among the biggest victims of a global bond selloff that has spilled over into currencies and stocks this ...
Hollywood Hills burn as LA engulfed by 'the big one'
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Musk to host German far-right leader on X, stirs angst about election meddling
A Thai court on Wednesday issued an arrest warrant for an alleged hit man who shot dead a former Cambodian opposition ...
Prosecutors urge New York court to deny Trump's bid to halt sentencing
Manhattan prosecutors have urged New York's top court to reject U.S. President-elect Donald Trump's request to halt his ...
Italy's Meloni sees Trump defending Western interests, engaging with Ukraine
Italian Prime Minister Giorgia Meloni, one of the European leaders closest to Donald Trump, said on Thursday she believed the ...