Reuters Financial News

'Kudlow' panelists EJ Antoni and Jim McLaughlin unpack the push to prioritize the Trump tax cuts.

The DOJ has sued apple, alleging violations of antitrust

Jeff Bezos' Blue Origin prepared for the inaugural launch of its New Glenn rocket from Florida early on Monday but extended the mission countdown to study unspecified last-minute issues, as it neared a pivotal debut in Earth orbit to break into the satellite launch market, reported news agency Reuters.

Wall Street investors will be eyeing a number of factors including the lead up to Donald Trump's Inauguration Day 2025 as the US Stock Market indexes — S&P 500, Dow Jones, and Nasdaq — were down by over one per cent. On Friday, the US stocks dropped on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high. The Dow Jones Industrial Average lost 1.6 percent to 41,938.45, and the broad-based S&P 500 Index fell 1.5 percent to 5,827.04. The tech-focused Nasdaq Composite Index retreated 1.6 percent to 19,161.63. U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump's policy plans, Reuters reported.

India Budget: India’s space ambitions are soaring, with the Indian Space Research Organisation (ISRO) positioning itself as a critical player on the global stage. However, as the nation charts its path to becoming a global space superpower, the question remains: Does India need a higher space budget to achieve its ambitious dreams? The answer may be found soon as India gets ready to present its Union Budget for the next fiacal year. Despite fluctuations in funding, the space sector has contributed significantly to India's economy. Over the past decade, the space sector has generated $60 billion for India’s GDP, creating 4.7 million jobs, including 96,000 in the public and private sectors, according to Socio-Economic Impact Analysis of Indian Space Programme. The sector's contributions are particularly evident in areas such as satellite-based weather forecasting, which benefits millions of farmers and fishermen across the country. ISRO’s satellites also provide high-resolution imagery that plays a crucial role in national security. Click here to find out more about what may happen in Union Budget 2025

Signs of strength in Canada’s labour market to close out 2024 are fuelling doubts among some Canadian economists about whether the central bank will deliver another interest cut later this month.

Total nonfarm payrolls published by the US Bureau of Labor Statistics today (10 January) came in above market expectations as economists polled by Reuters expected that figure to stand at 160,000. The employment data for December marked a significant increase from the downwardly-revised figure of 212,000 jobs added in November. Investors bank on US GDP growth above 2% but 'raging optimism' might make it less likely Meanwhile, the unemployment rate decreased from 4.2% in November to 4.1% last month, a level it has remained at for the past seven months. The largest increase i...

Gold prices scaled a four-week peak on Friday and were set for their best week in seven, driven by safe-haven demand amid uncertainty over what policies U.S. President-elect Donald Trump will pursue, while markets awaited jobs data for clues on the trajectory of U.S. interest rates, as per a report. Spot gold climbed 0.4 per cent to $2,679.65 per ounce, as of 1250 (GMT) after hitting its highest level since December 13 earlier in the session. Prices have risen by more than 1 per cent this week. U.S. gold futures rose 0.6 per cent to $2,707.00, Reuters reported. The most bullish outcome for gold is the narrative of ballooning fiscal deficits and unsustainable debt weighing on the U.S. dollar in the longer term and causing doubts about its role as the world’s reserve currency, said Carsten Menke, analyst at Julius Baer, according to Reuters report.

Brent crude futures gained $3.50, or 4.6%, to $80.42 a barrel by 1422 GMT, reaching $80 a barrel for the first time since Oct.7. U.S. West Texas Intermediate crude futures advanced $3.57, or 4.8%, to $77.49.

Nvidia on Thursday criticised a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing US leader should not «preempt incoming President Trump» by enacting a last-minute policy. «We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the US economy, set America back, and play into the hands of U.S. adversaries,» Nvidia Vice President Ned Finkle said in an emailed statement. The US Commerce Department and the White House did not immediately respond to Reuters' requests for comment outside regular business hours.

Travel + Leisure Co. CEO Mike Brown reacts to the announcement on 'The Claman Countdown.'

Edward Pettifer, a 31-year-old Londoner with close ties to the British royal family. Pettifer was the stepson of Tiggy Legge-Bourke, who served as a beloved nanny to Prince William and Prince Harry during their formative years in the 1990s.

Trump donor Norm Champ details how the Biden-Harris regulations have been hurting Americans’ retirement funds on ‘The Bottom Line.’

Budget 2025, Finance Minister Nirmala Sitharaman faces mounting pressure to reduce income tax rates, particularly for the middle class.

Jinjiang Group, a contractor for Chinese electric vehicle maker BYD, said on Thursday Brazilian authorities' portrayal of their employees as «enslaved» was inconsistent with the facts and that there were translation misunderstandings.

Starbucks CEO Brian Niccol says the company's app needs to be more transparent on pricing.