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  • Mar 04, 2025

Fed's tools, goals under the microscope as US House task force gets underway

WASHINGTON (Reuters) -A new task force in the Republican-controlled U.S. House of Representatives on Tuesday began an examination of the Federal Reserve's role and goals, with Republicans raising questions about its track record on controlling inflation, and Democrats on watch for the impact of President Donald Trump's freshly imposed tariffs and other economic policies. Unlike some congressional task forces that mostly operate on the back burner, the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force's inaugural hearing drew support from the committee's top leadership, with both Chairman French Hill and the House Financial Services Committee's top Democrat, Representative Maxine Waters, querying witnesses.

  • Mar 04, 2025

The state of the US economy, in 9 charts

President Donald Trump on Tuesday will address Congress for the first time in his second term, and he’ll do with an economy that’s continuing to chug along.

  • Mar 04, 2025

US tariffs drag Mexico's peso, stocks lower

LONDON/NEW YORK (Reuters) -Mexico's peso fell for a fourth consecutive session on Tuesday and briefly touched the 21-per-dollar level for the first time in a month after the United States imposed 25% tariffs on imports from Mexico. Stocks also fell in Mexico for a fourth day and the benchmark index slid to its lowest in five weeks, with local equities still up over 3% year to date. Mexico's trade-dependent economy sends around 80% of its exports to the United States.

  • Mar 04, 2025

Indian Stocks Post Historic Losing Streak as Global Funds Flee

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Than RecommendedThe selloff in India

  • Mar 04, 2025

Billionaire Salinas Says Elektra Delisting Will Set Him Free

(Bloomberg) -- Mexican billionaire Ricardo Salinas is defiant as ever, plotting his next moves after clashes with the government and a plunge in his net worth. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Than RecommendedIn an intervie

  • Mar 03, 2025

European auto stocks sink as U.S. tariffs on Mexico, Canada kick in

The STOXX Europe 600 Automobiles and Parts index fell the most since September 2022, and was down 5% in afternoon trading, reflecting exposure to the tariffs, with companies such as Volkswagen, Stellantis and BMW all have manufacturing sites in Mexico. According to data from Mexico's automotive industry association, Stellantis and the Volkswagen Group -- which includes Audi -- are the two biggest European exporters of light vehicles to North America out of Mexico.

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