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US hits Iranian shipping network with major new sanctions Jul 30, 2025 03:06PM

By Gram Slattery and Ryan Patrick Jones

WASHINGTON (Reuters) -The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after bombing Tehran's key nuclear sites in June.

The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, who is... (continue reading...)


Kamala Harris will not run for governor of California in 2026 Jul 30, 2025 03:01PM

WASHINGTON (Reuters) -Democratic former U.S. Vice President Kamala Harris said on Wednesday she will not run for governor of California, ending speculation that the failed presidential candidate would seek the high-profile post.

"I have given serious thought to asking the people of California for the privilege to serve as their Governor. I love this state, its people, and its promise. It is my home. But after deep reflection, I’ve decided that I will not... (continue reading...)


Trump signals openness to $500 million settlement with Harvard Jul 30, 2025 03:00PM

WASHINGTON (Reuters) -U.S. President Donald Trump signaled a willingness on Wednesday to settle for $500 million a legal fight with Harvard University over $2.5 billion in funding his administration canceled over accusations it allowed antisemitism and promoted diversity policies.   

"Well it's a lot of money," Trump told reporters when asked at the White House if $500 million would be enough to make a deal.

The New York Times reported on... (continue reading...)


Uncertainty over tariffs halts oil shipments from Brazil to US, says lobby group Jul 30, 2025 02:54PM

By Marta Nogueira

RIO DE JANEIRO (Reuters) -Energy companies operating in Brazil suspended oil shipments to the United States after President Donald Trump announced 50% tariffs against the South American country, Roberto Ardenghy, president of oil lobby group IBP, told Reuters on Wednesday.

Oil is Brazil's top export to the U.S. and was exempt from the 10% April tariff imposed on Brazilian exports, but it is unclear whether the commodity will... (continue reading...)


Fed's Powell says no decision made yet on September rate cut  Jul 30, 2025 02:50PM

By Michael S. Derby

(Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday it's too soon to say whether the central bank will cut its interest rate target in September, as financial markets expect. 

"We have made no decisions about September, we don't...do that in advance," Powell said at the press conference following the latest Federal Open Market Committee meeting. He said going forward, "we'll be taking that information" about... (continue reading...)


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