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News
White House says transshipped goods cost $19 billion to $26 billion in lost tariffs
54+ min ago (301+ words) Aug 13 (Reuters) – The White House on Thursday said in a report the U.S. is losing some $19 billion to $26 billion in annual tariff revenue to goods, largely from China, that are transshipped through third countries to avoid U.S. import duties....
Jared Kushner may visit Israel next week for talks on Gaza, source says
36+ min ago (372+ words) By Steve Holland and Kanishka Singh Aug 13 (Reuters) – U.S. President Donald Trump’s envoy and son-in-law, Jared Kushner, may visit Israel next week for talks on Gaza, a source familiar with the matter said on Thursday. The plans were reported earlier…...
Exclusive-Silver Lake in talks to buy Workday, sources say
54+ min ago (489+ words) Aug 13 (Reuters) – Private equity firm Silver Lake is in talks to acquire Workday in a deal that would rank among the largest software buyouts in history, according to people familiar with the matter. News of the talks sent Workday shares…...
Brazil opens reciprocity process against US over tariffs
1+ hour, 34+ min ago (224+ words) BRASILIA, Aug 13 (Reuters) – The Brazilian government has opened a process that could result in the adoption of reciprocal measures against the United States in response to tariffs recently imposed by Washington on the country’s goods, it said in a Thursday…...
Kennedy Center board votes to inscribe Trump’s name on building
5+ hour, 40+ min ago (447+ words) By Ryan Patrick Jones and Jasper Ward Aug 13 (Reuters) – The board of the John F. Kennedy Center for the Performing Arts voted on Thursday to inscribe President Donald Trump’s name on the building, Democratic U.S. Representative Joyce Beatty said,…...
Fed’s Goolsbee says latest inflation data is better
2+ hour, 14+ min ago (306+ words) Aug 13 (Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said the latest U.S. inflation data has been a “little better,” and he is hopeful that as the effects of tariffs and higher oil prices from the Iran war…...
Iran war a boon for China’s e-trucks, fuelling export surge
2+ hour, 19+ min ago (697+ words) By Sam Li and Lewis Jackson BEIJING, Aug 14 (Reuters) – China’s exports of electric trucks to other Asian countries have spiked, adding to a surge in domestic sales as higher fuel costs as a result of the Iran war accelerate regional…...
Tyson Foods will close or sell three US beef facilities as industry struggles
3+ hour ago (691+ words) CHICAGO, Aug 13 (Reuters) – Tyson Foods said on Thursday it will close or sell three of its beef plant and packaging operation sites, further shrinking its beef footprint as a historic U.S. cattle shortage deepens losses for the largest U.S. meatpacker....
Judge dismisses Trump administration lawsuit alleging Harvard failed to protect Jewish students
3+ hour, 50+ min ago (410+ words) WASHINGTON, Aug 13 (Reuters) – A federal judge dismissed a lawsuit on Thursday by the Trump administration that alleged that Harvard University failed to protect Jewish and Israeli students from harassment. U.S. District Judge Richard Stearns in Boston said in his ruling…...
Trump administration accuses hospitals of improper billing over gender care for minors
3+ hour, 35+ min ago (372+ words) NEW YORK, Aug 13 (Reuters) – The U.S. Department of Health and Human Services accused dozens of hospitals and healthcare providers on Thursday of improperly billing for gender-affirming care and referred them to the Office of Inspector General and the Justice Department…...