BEIJING, June 27 Reuters China hopes negotiations will lead to a mutually acceptable solution with the European Union on preliminary tariffs on Chinese electric vehicles EV scheduled to take effect on July 4, its commerce ministry said on Thursday. Beijing wants the EU to scrap plans to impose the curbs, Chinese state media reports, but […]

CHICAGO, June 27 Reuters The price of a July Fourth cookout will be 5 higher in 2024 than the previous year, according to a survey from the U.S. Farm Bureau released this week. The farmer and rancher organization said an Independence Day cookout for 10 people will cost an average of 71.22 this year versus […]

WASHINGTON, June 27 Reuters Firsttime applications for U.S. unemployment benefits drifted lower last week, which could allay fears of a material shift in the labor market. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 233,000 for the week ended June 22, the Labor Department said on Thursday. The claims data included […]

WASHINGTON, June 27 Reuters New orders for key U.S.manufactured capital goods unexpectedly fell in May, suggesting that business spending on equipment weakened in the second quarter as borrowing costs remain elevated. Nondefense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.6 last month, the Commerce Department39;s Census Bureau said […]

WASHINGTON, June 27 Reuters Contracts to buy U.S. previously owned homes unexpectedly fell in May, indicating sales could remain subdued for a while as potential buyers grapple with higher mortgage rates and prices. The National Association of Realtors NAR said on Thursday its Pending Home Sales Index, based on signed contracts, dropped 2.1 last month […]

SHANGHAI, June 27 Reuters China39;s treasury futures leapt to fresh highs on Thursday, while longdated yields skirted record lows, as investors continued to plough money into bonds, shrugging off repeated warnings about risk from the central bank. Assets of Chinese bond mutual funds ballooned to a record 6.5 trillion yuan 894.3 billion in May, up […]