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NY Mayor Adams says he had productive meeting with Trump at Mar-a-Lago
By Nathan Layne WEST PALM BEACH, Florida, Jan 17 (Reuters) - Democratic New York Mayor Eric Adams said he had a "productive" meeting with Republican President-elect Donald Trump in Florida on Friday, including a discussion about how the federal government can help improve the lives of the city's ...Reuters
2 hours ago
UPDATE 3-Oil output, exports drove Guyana economy's growth of 43.6% in 2024
Oil output increased to 616,000 bpd from 391,000 bpd Oil revenue rose to $2.57 billion, including crude sales, royaltiesEconomy expected to expand 10.6% this yearAdds budget amount in paragraph 5, growth expected for 2025 in paragraphs 6-7By Kemol King and Marianna Parraga GEORGETOWN, Jan 17 (Reu...Reuters
2 hours ago
UPDATE 1-US Treasury to launch measures to avoid debt limit breach on Tuesday
Yellen says in letter Treasury to reach debt ceiling on TuesdayTreasury to dip into two government employee benefit fundsTrump's Treasury pick Bessent says debt ceiling 'nuanced'Yellen urges Congress to protect US ability to pay debtsAdds details on borrowings and debt measures, paragraphs 4-6, Trum...Reuters
3 hours ago
US will hit debt limit on Tuesday, Yellen says in letter
WASHINGTON, Jan 17 (Reuters) - U.S. Treasury Secretary Janet Yellen said that the government would reach its statutory borrowing limit on Tuesday and would begin employing "extraordinary measures" to keep from breaching the cap and triggering a potential catastrophic default. Yellen, in a letter ...Reuters
4 hours ago
UPDATE 1-CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes
CBO data shows revenue gains from GDP benchmark revisionsEstimates are based on current law, assume Trump tax cuts expireCBO director sees only mild impact on economy if taxes riseClean energy subsidy costs estimated at $825 bln over 10 yearsAdds comments from CBO director on revenues, growth, clean...Reuters
5 hours ago
TREASURIES-US yields edge higher after upbeat data, ahead of Trump inauguration
US two-year, 10-year yields post biggest weekly drop in 7 weeksUS two-year, 10-year yields hit two-week lowsUS rate futures price in nearly 40 bps of easing in 2025US 2/10 Treasury yield curve bear flattensAdds comment, graphic; updates pricesBy Gertrude Chavez-Dreyfuss NEW YORK, Jan 17 (Reuters)...Reuters
5 hours ago
TikTok's purveyors of creams and candies under threat from US ban
Supreme Court upholds TikTok ban on national security groundsSmall businesses and influencers face major revenue lossSome companies have contingency plans to shift to other platforms including YouTube and InstagramBy Arriana McLymore, Helen Reid and Doyinsola Oladipo NEW YORK, Jan 17 (Reuters) - ...Reuters
7 hours ago
ADVISORY-Holiday schedule for major US economic, other data
The Martin Luther King federal holiday on Monday, Jan. 20, will affect the release schedule of some major economic, energy and commodities reports from Washington during the Jan. 19 week. Below is the schedule for these weeks. Times in EST/GMT.Some Treasury announcements are subject to change.Monday...Reuters
7 hours ago
WRAPUP 2-US single-family housing starts, permits hit 10-month high in December
Adds details from report, manufacturing data throughoutSingle-family housing starts increase 3.3% in DecemberBuilding permits for single-family homes rise 1.6%Overall housing starts surge 15.8%; permits dip 0.7%Housing starts drop 3.9% in 2024; permits fall 2.6%Manufacturing output rises 0.6% on aer...Reuters
8 hours ago
CORRECTED-Bank of Canada to improve communication, models to help tackle future shocks
Corrects paragraph 3 to reflect BoC was criticized for its measures and not for failing to help economy, and that it commissioned review to be prepared for future shocksBy Promit MukherjeeOTTAWA, Jan 17 (Reuters) - The Bank of Canada will communicate more clearly and improve its forecasting models t...Reuters
8 hours ago
CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes
By David LawderWASHINGTON, Jan 17 (Reuters) - The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with last year and indicating no major deterioration in government finances before President-elect Donald Trump takes office on Monday....Reuters
9 hours ago
France's cognac makers lift US exports ahead of Trump inauguration, data shows
U.S. cognac maker's most important market Industry suffered from trade tensions in the past Year-end shipments up significantly By Tassilo Hummel PARIS, Jan 17 (Reuters) - French cognac makers increased shipments to the United States in December, trade data showed, as distributors fill up their s...Reuters
9 hours ago
TREASURIES-US yields narrowly mixed after data, ahead of Trump inauguration
US 10-year yield on track for biggest weekly drop in seven weeksUS two-year, 10-year yields hit two-week lowsUS rate futures price in nearly 40 bps of easing in 2025US 2/10 Treasury yield curve bear flattensRecasts, adds analyst comment, bullets, details about US data, US rate futures; updates price...Reuters
9 hours ago
FACTBOX-The US role in world trade as Trump returns to office
Jan 17 (Reuters) - U.S. President-elect Donald Trump, after his inauguration on Monday, is expected to swiftly usher in a wide range of tariffs, which could dramatically upend the movement of goods and services in coming years.Trump has made tariffs, which were key to American tax revenue collection...Reuters
9 hours ago
UPDATE 1-IMF says China's economic growth of 5% in 2024 was 'positive surprise'
Adds quotes, background in paragraphs 4-8By Andrea Shalal WASHINGTON, Jan 17 (Reuters) - China notified the International Monetary Fund on Thursday that its economy grew by 5% in 2024, IMF Chief Economist Pierre-Olivier Gourinchas told reporters, calling the development a "positive surprise" comp...Reuters
10 hours ago