Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
The former cellmate's lawyer, Bruce Barket, told NBC that officials at the jailhouse said in an email that Tartaglione would face no charges or internal discipline now that...Politicsread more
Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
(Adds quote from policymakers, details of polling, economic context)
BRASILIA, May 8 (Reuters) - Brazil's central bank kept its benchmark Selic interest rate on hold at a record-low 6.50 percent on Wednesday as expected, noting that inflation risks are roughly balanced although the economic slump of late 2018 looks to have carried into 2019.
The bank's nine-member monetary policy committee, known as Copom, voted unanimously to keep the Selic rate unchanged for the ninth straight meeting, as forecast by all but one of 19 economists in a Reuters poll.
"Although the risk associated with economic slack has increased at the margin, the balance of risks is symmetric," the policymakers wrote in a statement explaining their decision.
Copom is widely expected to keep the Selic rate on hold at 6.50 percent for the rest of the year, but there's a dovish shift underway. Out of 15 economists in the latest Reuters poll who gave a 12-month outlook, nine said the bias was neutral, five said to the downside, and only one said to the upside.
The economy is in far worse shape than policymakers and most economists had anticipated, and may even have contracted in the first quarter for the first time since 2016. Incoming data, such as declining services sector activity, offer little indication that the economy has picked up in the second quarter. (Reporting by Jamie McGeever Editing by Brad Haynes and Alistair Bell)