By Nora Eckert DETROIT (Reuters) – After Matthew Mitchell heard U.S. President Donald Trump was serious about implementing 25% tariffs on Mexico and Canada, he told his wife it was time to snatch up a car, and fast. “I was like ‘Ok, we’re going this weekend,’” Mitchell said. He raced to a dealership in Walnut …
US car buyers rush to dealer lots to avoid tariff-related price hikes Read More »
By Pratima Desai LONDON (Reuters) -Premiums for consumers buying aluminium on the physical market in the United States soared to record highs on Tuesday after President Donald Trump said he would double tariffs on Canadian metal to 50%. The doubling of levies, in response to the Canadian province of Ontario placing a 25% tariff on …
Aluminium premiums for US buyers hit record after Trump doubles tariffs Read More »
By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -More U.S. airlines cut their earnings estimates on Tuesday, following a similar announcement from Delta Air Lines, saying mounting economic uncertainty has led to a pullback in corporate and consumer spending. They also warned that near-term economic pressures would prompt the industry to further reduce capacity after …
US airlines slash earnings forecasts as economic concerns grow Read More »
(Reuters) – OpenAI launched new tools for developers on Tuesday that will help them build advanced AI agents, using a few application programming interfaces (APIs), amid growing competition from Chinese AI startups. AI agents are designed to independently execute complex real-world tasks without direct human intervention, while API is a strings of code which enables …
OpenAI launches new developer tools as Chinese AI startups gain ground Read More »
By Ana Isabel Martinez and Noe Torres MEXICO CITY (Reuters) – Mexico’s economy appears on track to contract in the first quarter, entering a technical recession, according to analysts, as U.S. President Donald Trump’s on-again, off-again tariffs wreak havoc on growth that was already weakening. “The damage is already done, maybe there’s a slight recovery …
Tariff chaos could push Mexico into technical recession Read More »
By Priyanka G and Harshita Mary Varghese (Reuters) -Verizon Communications warned that off-season promotions by rivals will likely lead to “soft” wireless subscriber growth in the first quarter, knocking its shares down more than 7% and sparking a selloff in the telecom sector on Tuesday. The U.S. wireless giant pulled back on customer incentives after …
Verizon’s ‘unusual’ quarter warning rattles US telecom shares Read More »
(Reuters) – The United States should restart shuttered coal-fired power plants under President Donald Trump’s national energy emergency declaration, Interior Secretary Doug Burgum said in a video interview with Bloomberg News on Monday. Doing so would help the U.S. to meet rising electricity demand that is being fueled by a boom in artificial intelligence, said …
US should restart shuttered coal units, Interior Secretary tells Bloomberg Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Anson Funds is gearing up for a boardroom fight at Match Group and plans to nominate several directors to the online dating company’s 10-member board, two people familiar with the matter told Reuters. Anson, which owned roughly 0.6% of Match at the end of December according to …
BERLIN (Reuters) -Volkswagen plans to lay off 1,600 staff at its Cariad software unit by the end of the year, the Handelsblatt business daily reported on Tuesday, citing company sources. The layoffs, impacting almost 30% of the 5,900 people employed at Cariad, are to mainly take place via redundancy programmes, the report added. Handelsblatt said …
Volkswagen to lay off 1,600 staff at Cariad software unit, Handelsblatt reports Read More »
By Suzanne McGee (Reuters) – U.S. retail investors are growing increasingly uneasy about a plummet in the stock market, asking for more investment advice, questioning whether to buy the dip and looking for safer havens, strategists and wealth advisors said. Investor fears that Donald Trump’s tariffs will spark an economic downturn are driving a sell-off …
US retail investors wary of buying the dip as Trump anxiety deepens Read More »
