By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs plans to trim its staffing by 3% to 5% in an annual performance review process this spring, said a source familiar with the matter who declined to be identified discussing personnel matters. That would equate to more than 1,395 job cuts from the bank’s global workforce of …
Goldman Sachs may cut more than 1,300 employees in annual review, source says Read More »
By Marianna Parraga (Reuters) – Venezuela’s exports of crude and fuel rose in February to their highest since November, vessel monitoring data showed, as the U.S. prepared to terminate a key license that allows oil major Chevron to operate and ship crude from the country. Venezuela’s oil output and exports have grown since Chevron was …
Venezuela’s oil exports rose in Feb ahead of Chevron’s license termination Read More »
(Reuters) – Australia’s Star Entertainment could fall into administration as early as Wednesday and has hardly enough cash to last until the end of the week, the Australian Broadcasting Corporation reported. (Reporting by Rishav Chatterjee in Bengaluru)
By Greg Bensinger (Reuters) -Amazon.com has formed a new group focused on agentic artificial intelligence to help users and customers automate more of their lives, according to an internal email viewed by Reuters on Tuesday. The new group will be led by AWS executive Swami Sivasubramanian, the email, from AWS CEO Matt Garman, said. “Agentic …
Amazon’s AWS forms new group focused on agentic AI Read More »
By Savyata Mishra (Reuters) -Best Buy warned of the possibility of higher prices for American shoppers as President Donald Trump’s new duties came into force on Tuesday, setting the stock for its worst day in nearly five years with a 15% plunge. The 25% tariffs on imports from Mexico and Canada took effect on Tuesday, …
Best Buy warns of potential price hikes as fresh US tariffs roll in, shares slump Read More »
By Siddharth Cavale and Juveria Tabassum (Reuters) -Target warned on Tuesday that uncertainty around tariffs would weigh on the retailer’s profit in the first quarter and doubled down on sourcing more of its products from countries including Guatemala. Target joined bellwether Walmart, as well as electronics retailer Best Buy in warning about expectations for the …
Target braces for first-quarter profit pressure due to tariffs, low demand Read More »
By Nicole Jao NEW YORK (Reuters) -U.S. retail gasoline prices are set to climb in the coming weeks as new tariffs imposed by the administration of President Donald Trump raise the cost of energy imports, according to traders and analysts. The outlook underscores a potentially unintended consequence of Trump’s protectionist trade policies, which are meant …
US pump prices set to climb as new Trump tariffs kick in Read More »
By Tom Polansek JACKSONVILLE, Illinois (Reuters) – U.S. President Donald Trump’s tariffs on imports from Mexico carry an outsized risk for farmers in Jacksonville, Illinois, as retaliation by Mexico could prompt corn buyers in that country to turn to rival growers in South America. Mexico, the world’s top corn importer, is a crucial market for …
With Trump’s tariffs, Illinois farmers worry about losing corn sales to Mexico Read More »
By Howard Schneider WASHINGTON (Reuters) – A U.S. economy praised for its surprising resilience to a pandemic, high inflation, and rapid interest rate hikes faces a new challenge from President Donald Trump’s self-declared trade war, seen by economists as a recipe for fewer jobs, slower growth, and higher prices. The fallout, assuming Trump does not …
Storm clouds gather over US economy as Trump kicks off trade war Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said Tuesday he expects Trump administration tariffs to drive up inflation to some degree, while reckoning that for now, central bank interest rate policy is in the right place and does not need to be changed. “My view is, …
Fed’s Williams: Tariffs are inflation risk, rate policy in good place Read More »
