WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods unexpectedly fell in June, suggesting a pullback in business spending on equipment as the boost from front-loading of activity ahead of tariffs on imports faded.
Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.7% last month after an upwardly revised 2.0% rebound in May, the Commerce Department's Census Bureau said on... (continue reading...)
By Helen Reid
LONDON (Reuters) -Puma faces a dilemma in the United States: after rushing shipments from Asia to beat incoming tariffs, the German sportswear brand is now discounting to clear stock, while planning to raise prices this year to offset rising costs.
These conflicting pressures reflect a broader challenge for retailers trying to make sure U.S. shelves are stocked for the crucial back-to-school and holiday seasons, while looking to... (continue reading...)
(Reuters) -Tesla is preparing to launch its robotaxi service in San Francisco as soon as this weekend, Business Insider reported on Friday, citing an internal staff memo.
Tesla said its timeline for the launch had been moved up and the service could launch as soon as Friday, the report said, adding that some Tesla owners will receive invites to use the service.
Chief Executive Elon Musk has shifted Tesla’s focus toward robots and self-driving... (continue reading...)
(Reuters) -The Federal Reserve said on Friday that it was "grateful" for President Donald Trump's encouragement to complete its renovation project and that it "looked forward" to seeing the project through to completion.
"We remain committed to continuing to be careful stewards of these resources as we see the project through to completion," it said in a statement, a day after Trump made a rare visit to the U.S. central bank, where he criticized the... (continue reading...)
MOSCOW (Reuters) - Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 18% from 20%.
They spoke in Russian and the quotes below were translated into English by Reuters.
NABIULLINA ON KEY RATE DECISION:
"During the discussion, options for reducing the rate were considered, the option of maintaining the rate was not... (continue reading...)
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