By Jaspreet Singh (Reuters) -Shares of Hewlett Packard Enterprise fell 13% on Friday, after the AI-server maker said its annual profit forecast would be hit by U.S. tariffs in an intensely competitive market. U.S. President Donald Trump imposed 25% tariffs on imports from Canada and Mexico, but exempted some goods from the countries under a …
Hewlett Packard Enterprise shares tumble as US tariffs hurt forecast Read More »
By Tom Polansek CHICAGO (Reuters) -Canada has blocked imports from the biggest U.S. pork processing plant, a facility run by Smithfield Foods in Tar Heel, North Carolina, the company said on Friday. The suspension comes as Washington and Ottawa have sparred in a heated dispute over trade tariffs. It is the latest blow for America’s …
Canada suspends imports from biggest US pork processing plant Read More »
By Ed White WINNIPEG, Manitoba (Reuters) – With only weeks until spring planting on both sides of the border gets underway, Canadian and U.S. farmers, already facing low grain prices, are bracing for another economic blow: even bigger fertilizer bills amid a North American trade war. Some farming supply costs already turned sharply higher due …
US, Canadian farmers face soaring fertilizer prices amid Trump trade war Read More »
(Reuters) -The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday. Powell spoke at a volatile time, with …
Powell says Fed marking time to see economic impact of Trump policies Read More »
(This March 5 story has been corrected to fix the nasal spray estimate to 23% from 15%, in paragrapgh 7) By Christy Santhosh (Reuters) – The U.S. Food and Drug Administration approved the expanded use of ARS Pharmaceuticals’ nasal spray for severe allergic reactions in patients who weigh between 15 and 30 kilograms, the company …
By Timothy Gardner (Reuters) -U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. President Donald Trump said on his first day in office he wants to fill the reserve …
US estimates it will take $20 billion and years to refill oil reserve Read More »
(Reuters) – Morgan Stanley lowered its 2025 economic growth forecast for the United States on Friday, citing greater impact from tariffs and a still-tight labor market resulting in higher inflation. “Earlier and broader tariffs should translate into softer growth this year, whereas we previously assumed it would weigh on growth mainly in 2026,” said Morgan …
Morgan Stanley cuts US growth forecast for 2025 on tariff concerns Read More »
By Michael S. Derby (Reuters) – U.S. Federal Reserve Governor Adriana Kugler said on Friday that rising inflation risks argue for an extended period of steady central bank interest rate policy. “Given the recent increase in inflation expectations and the key inflation categories that have not shown progress toward our 2% target, it could be …
Fed’s Kugler says rate policy likely on hold for some time Read More »
(Reuters) -Microsoft is developing in-house artificial intelligence reasoning models to compete with OpenAI and may sell them to developers, The Information reported on Friday, citing a person involved in this initiative. The Redmond, Washington-based company, a major backer of OpenAI, has begun testing out models from xAI, Meta and DeepSeek as potential OpenAI replacements in …
Microsoft developing AI reasoning models to compete with OpenAI, The Information reports Read More »
(Reuters) – The Federal Reserve will head into its March 18-19 policy meeting with the labor market strong overall but showing some potential early signs of weakening, a development that could put the U.S. central bank in a tough spot if inflation remains high and the Trump administration’s tariffs add to price pressures. U.S. job …
Fed expected to cut rates in June as jobs data raises potential red flags Read More »
