WASHINGTON (Reuters) -U.S. import prices rebounded marginally in June amid cheaper energy products, but higher costs for consumer goods were consistent with a tariff-driven increase in inflation.
Import prices increased 0.1% last month after a downwardly revised 0.4% decline in May, the Labor Department's Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would rise 0.3% after a... (continue reading...)
WASHINGTON (Reuters) -President Donald Trump and Ukrainian President Volodymyr Zelenskiy are considering a deal that involves Washington buying battlefield-tested Ukrainian drones in exchange for Kyiv purchasing weapons from the U.S., Zelenskiy said in an interview with the New York Post.
Zelenskiy said his latest talks with Trump focused on a deal that would help each country bolster its aerial technology.
Ukrainian drones have been able to... (continue reading...)
By Howard Schneider
WASHINGTON (Reuters) -The U.S. Federal Reserve should not cut interest rates "for some time" as the impact of Trump administration tariffs begin passing through to consumer prices, with tight monetary policy needed to keep inflationary psychology in check, Federal Reserve governor Adriana Kugler said on Thursday.
With unemployment stable and low, and inflation pressures building, "I find it appropriate to hold our policy... (continue reading...)
(Reuters) -Crypto firm Bitcoin Standard Treasury Company is aiming to list on the Nasdaq through a merger with a Cantor Fitzgerald-backed blank check vehicle, the company said on Thursday.
The move comes roughly four months after Cantor teamed up with Tether and Softbank for a $3.6 billion crypto venture to buy bitcoin.
Bitcoin Standard will go public with over 30,000 bitcoin on its balance sheet, which would it the 4th largest listed... (continue reading...)
By Jan Lopatka
PRAGUE (Reuters) -Czech-arranged shipments of artillery ammunition to Ukraine are rising this year, proving partners' trust in a government programme matching donations from NATO partners with offers to sell ammunition, the Czech Defence Ministry said on Thursday.
As Ukraine suffered from shortage of ammunition last year, the Czechs set up a team which has together with private companies searched for available ammunition stocks... (continue reading...)
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