(Reuters) -3M ( MMM ) on Friday raised its full-year profit forecast and projected a smaller tariff-related hit to its 2025 earnings, amid easing trade tensions between the U.S. and China, sending shares of the industrial giant up nearly 4% in premaket trading. The company now expects a full-year adjusted profit between $7.75 and $8 per share, compared with its...

WASHINGTON (Reuters) -U.S. single-family homebuilding and permits for future construction fell sharply in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter. Single-family housing starts, which account for the bulk of homebuilding, dropped 4.6% to a seasonally adjusted annual rate of 883,000 units last month, the Commerce Department's Census...

07:46 AM EDT, 07/18/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of the release of housing starts data for June at 8:30 am ET and the preliminary estimate of consumer sentiment for July from the University of Michigan at 10:00 am ET. Also due to be released at 10:00 am ET are...

Federal Reserve Governor Christopher Waller made his most assertive case yet for a July rate cut—and signaled he's ready to take Jerome Powell's seat if President Donald Trump asks. Speaking Friday on Bloomberg TV, Fed’s Waller joined fellow policymaker Michelle Bowman in backing a July rate cut—an implicit alignment with Trump's push for looser monetary policy. Not only did Waller...