Explore

Morning Bid: Stay of execution?

Morning Bid: Stay of execution?

By Mike Dolan Aug 14 (Reuters) - Even though we're slipping inexorably into the summer holiday doldrums on world markets, bond anxiety was once again a theme of the early part of this week, threatening to spoil the party for stock markets basking in the glow of bumper, AI-infused second-quarter

Trump administration to impose tariffs on drone imports, White House says

Trump administration to impose tariffs on drone imports, White House says

By Kanishka Singh and Ismail Shakil WASHINGTON, Aug 13 (Reuters) - President Donald Trump said on Thursday he will impose tariffs on imports of drones and their components, including from some key U.S. allies, with the Trump administration saying the country was "too reliant" on foreign sources of

Asian shares mostly fall and US futures are little changed after US inflation data improves

Asian shares mostly fall and US futures are little changed after US inflation data improves

Shares are mostly lower in Asia and U.S. futures are little changed after U.S. inflation data showed an improvement in July

President Trump Imposes New Drone Tariffs and Directs Navy to Alter Aircraft Carrier Technology and Allow Foreign Shipbuilding

President Trump Imposes New Drone Tariffs and Directs Navy to Alter Aircraft Carrier Technology and Allow Foreign Shipbuilding

President Trump signed two proclamations on Thursday, enacting significant changes related to drone imports and naval shipbuilding. One proclamation imposes "ad valorem" tariffs on drones and drone parts, citing national security concerns. These tariffs will take effect in 21 days, with a 100% tariff on "particularly sensitive" drones and a 25% tariff on smaller drones with fewer security concerns. Additionally, a 15% tariff will be applied to drones and components from the European Union, Japan, Liechtenstein, the Republic of Korea, Switzerland, and Taiwan, and a 10% tariff on some drones from the United Kingdom. The second proclamation directs Defense Secretary Pete Hegseth to replace the Advanced Electromagnetic Aircraft Launch Systems (EMALS) and Advanced Weapons Elevators on aircraft carriers with traditional steam and hydraulic systems. This directive aligns with President Trump's previous criticisms of the newer technologies. Furthermore, this proclamation orders the establishment of a fifth Naval s...

Exclusive-US to tell partners they must pick sides in AI race with China

Exclusive-US to tell partners they must pick sides in AI race with China

By Michael Martina WASHINGTON, Aug 14 (Reuters) - The U.S. is preparing to tell dozens of countries they must pick sides in the artificial intelligence race with China, warning they will be excluded from a U.S.-led AI coalition if they also sign up for Beijing's competing framework, according to a

SEC proposes easing 'pay-to-play' rules for investment advisers

SEC proposes easing 'pay-to-play' rules for investment advisers

By Pritam Biswas Aug 14 (Reuters) - The U.S. Securities and Exchange Commission proposed easing regulations that bar investment advisers from managing public pension funds after making political contributions to state and local officials.

World shares mostly fall and US futures are mixed after US inflation data improves

World shares mostly fall and US futures are mixed after US inflation data improves

Shares are trading lower in Europe after a mixed session in Asia

Senators press Rubio, Bessent on lack of counter-evasion sanctions on Russia

Senators press Rubio, Bessent on lack of counter-evasion sanctions on Russia

WASHINGTON, Aug 12 (Reuters) - Two senior Democratic U.S. senators on Wednesday pressed Trump administration officials on why they have paused imposing fresh sanctions on companies, banks and other entities that help Russia evade existing restrictions over its invasion of Ukraine, even though peace

Trading Day: AI cheer, new highs near

Trading Day: AI cheer, new highs near

By Jamie McGeever ORLANDO, Florida, Aug 12 (Reuters) - Upbeat tech earnings pushed the Nasdaq, S&P 500 and MSCI All Country indices to within a whisker of their all-time highs on Wednesday, while stocks and bonds also welcomed U.S. inflation figures that appeared to reduce the chances of the Federal

Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffs

Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffs

The Trump White House reports that countries are routing exports through third nations to avoid U.S. tariffs, causing tax revenue losses of $19 billion to $26 billion annually

President Trump's Secretive Departure from Turkey Mirrors Clinton's Past Decoy Tactics

President Trump's Secretive Departure from Turkey Mirrors Clinton's Past Decoy Tactics

President Trump recently executed a secretive departure from Turkey, reminiscent of a similar operation by former President Bill Clinton. Trump was secretly flown out of Turkey aboard a smaller military aircraft while a decoy Air Force One continued on its path with reporters and White House personnel. This maneuver echoes Clinton's 2000 visit to Pakistan, where a decoy aircraft was used to ensure his safety amid security concerns. The use of such tactics highlights the complexities and risks associated with presidential travel, especially in regions with heightened security threats.

President Trump's Tariff Strategy Heightens Global Tensions and Economic Risks

President Trump's Tariff Strategy Heightens Global Tensions and Economic Risks

President Trump has intensified his 'America First' foreign policy by imposing aggressive tariffs and making strategic demands on international allies and adversaries. This approach has led to heightened tensions with BRICS nations, particularly China, as Trump views them as 'anti-American' and has threatened 10% tariffs on aligned nations. His strategy includes escalating tariffs on China, restricting technology transfers, and disrupting oil supplies from partners like Iran and Venezuela to weaken Beijing's global influence. Trump's policies have also strained relations with Europe and NATO, as his demands for increased defense spending and unilateral actions have eroded trust and risked coalition breakdowns.