(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Tuesday said recent economic data has made him “more confident” the U.S. central bank can get inflation back to its 2% target, but he wants to see “a little more data” before he’s ready to support lowering interest rates. Bostic, speaking at an event in Atlanta, noted…
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Tuesday approved the possible sale to Israel of fighter jets and other military equipment worth over $20 billion, the Pentagon said. In a statement, the Pentagon said Blinken approved the possible sale of F-15 jets and equipment worth nearly $19 billion. He also approved the possible…
NEW YORK (Reuters) – The World Bank issued a $225 million, principal-protected nine-year bond linked to reforestation in the Amazon, the global lender said on Tuesday, calling it the biggest outcome bond it has ever priced. The 2033 bond offers investors a return linked to the creation of carbon removal units from reforestation initiatives in…
By Kenrick Cai, Max A. Cherney MOUNTAIN VIEW, California -Alphabet’s Google on Tuesday unveiled a lineup of new Pixel smartphones with deeper integrations of its artificial intelligence technology as it races to incorporate AI into its hardware. The event at Alphabet’s Bay View campus in Mountain View, California, bucks a tradition Google has maintained with…
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week’s softer-than-expected employment report. The 30-year fixed-rate mortgage averaged 6.47% during the week ending Aug. 8, down from 6.73% in the…
By Humeyra Pamuk, Patricia Zengerle and Steve Holland WASHINGTON (Reuters) – The Biden administration has decided to lift a ban on U.S. sales of offensive weapons to Saudi Arabia, three sources familiar with the matter told Reuters on Friday, reversing a three-year-old policy to pressure the Kingdom to wind down the Yemen war. The administration…
(Reuters) – Global investors funnelled substantial amounts into money market funds in the seven days to Aug. 7 as they rushed for safety amid a surge in market volatility triggered by fears of a U.S. slowdown and a strengthening yen that prompted unwinding of carry trades. According to LSEG data, investors purchased a hefty $98.58…
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup’s wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank said in a statement on Friday.”To enhance our focus on delivering the wealth structuring advice that matters most to our global clients, Citi Wealth has initiated a process to sell…
