Business

Fed to hold rates steady despite Trump’s push for big cuts

President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., July 24, 2025. REUTERS WASHINGTON (Reuters) — The Federal Reserve is expected to leave interest rates unchanged o…
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US and EU avert trade war with 15% tariff deal

President Donald Trump shakes hands with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025. REUTERS TURNBERRY, Scotland (Reuters) — The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU…
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US business delegation to visit China: report

Sean Stein, president of the U.S.-China Business Council, attends a meeting with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, March 28, 2025. REUTERS (Reuters) — A high-level delegation from the U.S.-China Business Council will visit China this week and is expecte…
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US existing home sales fall more than expected in June

A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, May 14, 2021. REUTERS WASHINGTON (Reuters) — U.S. existing home sales fell more than expected in June, suggesting the housing market slump could be deepening as higher mortgage …
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