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Reuters reported Tuesday that the Consumer Financial Protection Bureau has formally ended the lending industry’s obligation to avoid policies with unintentionally discriminatory effects under the 1974 Equal Credit Opportunity Act. The move leaves prohibitions on explicit and intentional discrimination in place, but removes the

Reuters reported Wednesday that the economic fallout from the Iran war is spreading far beyond oil traders and military briefings. Companies across consumer goods, travel, mining, and aerospace said the conflict is driving up costs, disrupting supply chains, and reducing visibility for the rest of the year. Reuters said 21

Reuters reported Wednesday that economists have pushed their expected timing for the next Federal Reserve rate cut back to late 2026 as the Iran war drives up fuel costs and keeps inflation hotter than hoped. In the April 17-21 Reuters poll, 56 of 103 economists said the Fed’s benchmark rate would still be sitting in the 3.50%

Reuters reported Tuesday that Democratic Representative Sheila Cherfilus-McCormick resigned from the House just minutes before a committee hearing was set to consider sanctions over ethics violations. Her exit came as the Justice Department pursues criminal charges alleging that her family healthcare company was overpa

Reuters reported Tuesday that Pacific governments are scrambling to cushion a fuel and food shock tied to the Iran war and disruption through the Strait of Hormuz, which normally carries about a fifth of global oil and liquefied natural gas flows. In Papua New Guinea, aid groups said diesel, petrol, and kerosene prices

Reuters reported Tuesday that the Pentagon has fleshed out President Donald Trump’s fiscal 2027 defense request at $1.5 trillion, by far the biggest year-over-year jump in post-World War II history. The package includes a $1.15 trillion core request and a $350 billion supplemental. Officials said it would fund more tha

Reuters reported Tuesday that International Energy Agency chief Fatih Birol called the current conflict involving Iran, the United States, and Israel the biggest energy crisis in history. In remarks carried by Reuters and mirrored by The Hindu BusinessLine, Birol said the crisis combines a global oil shock with a gas shock already worsened by Russia’s war with Ukraine. The IEA says the war in West Asia has choked maritime traffic in the Strait of

Reuters reported Tuesday that Kevin Warsh’s path to becoming Federal Reserve chair is being tangled by an extraordinary political fight around current chair Jerome Powell. Warsh is scheduled to appear before the Senate Banking Committee, where he is expected to promise that monetary policy would remain independent. But Reuters says Senator Thom Tillis plans to block the nomination until the Justice Department drops what he views as a frivolous cr

Reuters reported Tuesday that U.S. Trade Representative Jamieson Greer told Mexican auto and steel industry groups they should not expect the renegotiation of the U.S.-Mexico-Canada Agreement to restore a zero-tariff world. According to four industry sources cited by Reuters, Greer said the tariffs are “here to stay” because President Donald Trump likes them, even as formal bilateral talks with Mexico are set to begin the week of May 25 ahead of

Federal Reserve chair nominee Kevin Warsh filed an updated financial disclosure promising to divest a foreign-oriented investment fund if confirmed, after ethics officials advised that the holding could pose a conflict. Reuters reported that the amended filing, dated April 17 and made public on April 20, says Warsh will sell his interest in the iShares S&P/TSX 60 Index fund because the duties of a Fed chair would inv