Business

White House says transshipped goods cost $19 billion to $26 billion in lost tariffs

White House says transshipped goods cost $19 billion to $26 billion in lost tariffs

Aug 13 (Reuters) - The White House on Thursday said in a report the U.S. is losing some $19 billion…

August 14, 2026

White House says transshipped goods cost $19 billion to $26 billion in lost tariffs

Aug 13 (Reuters) - The White House on Thursday said in a report the U.S. is losing some $19 billion…

August 14, 2026

Iran war a boon for China's e-trucks, fuelling export surge

By Sam Li and Lewis Jackson BEIJING, Aug 14 (Reuters) - China's exports of electric trucks to other Asian countries…

August 14, 2026

Fed's Goolsbee says latest inflation data is better

By Ann Saphir Aug 13 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said the latest U.S.…

August 14, 2026

Tyson Foods will close or sell three US beef facilities as industry struggles

By P.J. Huffstutter CHICAGO, Aug 13 (Reuters) - Tyson Foods said on Thursday it will close or sell three of…

August 14, 2026

Rate hike bets leave yen's post-intervention gains at BOJ's mercy

By Rocky Swift and Junko Fujita TOKYO, Aug 13 (Reuters) - Joint Japanese-U.S. efforts to shore up the battered yen…

August 14, 2026

Fed should raise rates to restrain growth and inflation, Hammack says

Aug 13 (Reuters) - Cleveland Federal Reserve Bank President Beth Hammack on Thursday reiterated her view that the U.S. central…

August 14, 2026

US anti-bias agency says Nike complied with subpoena, drops lawsuit

By Daniel Wiessner Aug 13 (Reuters) - The U.S. agency that enforces laws banning workplace discrimination has dropped a lawsuit…

August 14, 2026

Applied Materials forecasts quarterly revenue above estimates

Aug 13 (Reuters) - Applied Materials forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting that unabated demand for…

August 14, 2026

Oil settles down 2% on weak demand outlook, hefty US crude build

By Siddharth Cavale NEW YORK, Aug 13 (Reuters) - Oil settled down more than 2% on Thursday, reversing course after…

August 14, 2026