By Mike Stone WASHINGTON (Reuters) -The U.S. Navy will eliminate defense giant Lockheed Martin Corp from the competition to build its next-generation carrier-based stealth fighter – a key part of plans to confront China on its home turf, people familiar with the decision said. The Navy will move ahead with designs from Boeing Co and …
US Navy fighter competition ejects Lockheed, sources say Read More »
By Tom Polansek CHICAGO (Reuters) – U.S. President Donald Trump’s new tariffs on goods from Canada, Mexico and China threaten to hurt the $191 billion American agricultural export sector and raise costs for farmers struggling with low crop prices, farm groups warned on Tuesday. Trump imposed 25% duties on imports from Mexico and Canada and …
US farmers face higher costs, fewer markets from tariffs, farm groups warn Read More »
By Timothy Gardner and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -The Trump administration said on Tuesday it was ending a license that the U.S. had granted to oil producer Chevron since 2022 to operate in Venezuela and export its oil, after Washington accused President Nicolas Maduro of not making progress on electoral reforms and migrant returns. Washington …
US orders wind down of Chevron’s oil exports from Venezuela Read More »
By Lewis Krauskopf (Reuters) -The U.S. stock market is facing a reckoning with the arrival of President Donald Trump’s latest tariffs. With fresh declines on Tuesday, the benchmark S&P 500 ended down about 6% from its February 19 all-time closing high, and is in negative territory for the year. The tech-heavy Nasdaq Composite finished 9.4% …
US stocks face tricky moment as Trump’s latest tariffs land Read More »
By Jason Lange WASHINGTON (Reuters) -Just one in three Americans approve of President Donald Trump’s handling of the cost of living in the U.S., a sign of unease as he enacts steep tariffs on imports that are stoking inflation worries, a Reuters/Ipsos survey that concluded on Tuesday found. The two-day poll, carried out just before …
Trump gets poor marks on how he is handling the cost of living, Reuters/Ipsos poll finds Read More »
(Reuters) – Cybersecurity firm Crowdstrike forecast first-quarter revenue slightly below estimates, as it grapples with weak spending on its cybersecurity products. Shares of the Austin, Texas-based company fell 6% in extended trading. Enterprise clients have kept a tight leash on critical security expenditures, as high inflation and signs of an uncertain macroeconomic environment pressure their …
Crowdstrike forecasts first-quarter revenue below estimates Read More »
By Marcelo Teixeira NEW YORK (Reuters) -Chocolate maker Hershey Co said the ICE New York cocoa futures market is currently disconnected from the reality of the global physical market due to exchange actions that have reduced liquidity and increased volatility. Tricia Brannigan, Hershey’s vice president for procurement, told Reuters on Tuesday that high margin calls …
Hershey says ICE cocoa futures market is disconnected from reality Read More »
(Reuters) -Stellantis has told its U.S. dealers the 25% tariffs on products from Mexico and Canada will put the carmaker at a disadvantage against its Asian and European peers, an email sent to its retailers showed on Tuesday. The Jeep parent is engaging with the Trump administration to mitigate the effects of the tariffs, it …
Stellantis warns dealers of pain from tariffs, is in talks with Trump administration Read More »
(Reuters) -The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December against three of the nation’s largest banks over their handling of the payment service Zelle, court papers show. The agency, which was virtually shuttered by President Donald Trump last month, had accused JPMorgan Chase, …
US CFPB drops Zelle case against JPMorgan, BofA, Wells Fargo Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin backpedaled on Monday after an early rise following U.S. President Donald Trump’s weekend proposal for a national strategic reserve of cryptocurrencies. Optimism on digital currency after Trump’s Sunday post on Truth Social turned to caution as market participants awaited more details about this crypto initiative. The world’s largest …
Bitcoin falters as optimism wanes on Trump’s crypto reserve plan Read More »
