(Reuters) -Aluminum producer Alcoa said on Tuesday that U.S. President Donald Trump’s plan to impose a tariff on aluminum imports could cost about 100,000 U.S. jobs and would itself not be enough to entice it to boost production in the country. Trump earlier this month said he would impose a flat 25% tariff on aluminum …
Alcoa warns Trump’s aluminum tariff could cost 100,000 US jobs Read More »
(Reuters) – The Federal Reserve is likely to resume cutting interest rates in June and could reduce short-term borrowing costs again in September, traders bet on Tuesday as they took on board the implications of a widely watched survey that showed consumer confidence dove this month, and inflation expectations surged. U.S. consumer confidence deteriorated at …
Fed seen resuming rate cuts in June as consumer confidence takes a dive Read More »
By Howard Schneider RICHMOND, Virginia (Reuters) – Richmond Federal Reserve President Tom Barkin said on Tuesday he will follow a wait-and-see approach regarding central bank interest rate policy until it is clear inflation is returning to the Fed’s 2% target. Current uncertainty, whether driven by trade and other policy changes coming from the Trump administration …
Fed’s Barkin: Uncertainty warrants a cautious approach to monetary policy Read More »
By Savyata Mishra (Reuters) – Home Depot forecast a surprise drop in 2025 profit on Tuesday as the company grapples with a weak housing market and high interest rates that are making U.S. consumers wary of making big expenditures. U.S. business activity nearly stalled in February as worries mount over President Donald Trump’s tariffs on …
Home Depot forecasts surprise drop in annual profit as demand wavers Read More »
By Alun John, Amanda Cooper, Hannah Lang LONDON (Reuters) -Bitcoin dropped below $90,000 to its lowest since November 18 on Tuesday, as market nerves over U.S. tariffs reinforced the blow to crypto investor confidence from last week’s $1.5 billion hack of ether from the Bybit exchange. Bitcoin, the world’s largest cryptocurrency by market value, was …
Bitcoin drops below $90,000 as global jitters combine with Bybit hack Read More »
(Reuters) -Kia America is recalling 137,256 vehicles in the United States over concerns that piston oil rings may have been manufactured incorrectly, which can result in engine damage, the National Highway Traffic Safety Administration said on Tuesday. The recall affects certain 2021-2023 Seltos and Soul vehicles, the auto safety regulator said. Dealers will inspect and …
Kia America to recall more than 137,000 vehicles, NHTSA says Read More »
By Helen Reid LONDON (Reuters) -Sportswear group Amer Sports expects lower sales growth this year, the company said on Tuesday as it reported fourth-quarter results boosted by sales of Salomon shoes and expensive Arc’teryx jackets. Amer, which listed in New York a year ago and owns the Salomon, Arc’teryx and Wilson brands, said the strong …
Salomon and Arc’teryx owner Amer Sports sees strong dollar hurting 2025 sales growth Read More »
By Libby George LONDON (Reuters) – The global debt-to-GDP ratio rose for the first time since 2020 last year, as the world’s debt stock hit a new year-end record of $318 trillion and economic growth slowed, an Institute of International Finance report showed on Tuesday. The $7 trillion rise in global debt was less than …
Global debt marches to record high, raising risk of bond vigilantes, IIF says Read More »
By Nivedita Balu and Arasu Kannagi Basil (Reuters) – Canada’s Bank of Nova Scotia and Bank of Montreal said on Tuesday they would wait for clarity on U.S. government tariffs to build more rainy-day reserves and take actions to manage risks. The banks, Canada’s third and fourth largest, put aside over C$1 billion in loan …
Canada’s Scotiabank, BMO wait for clarity on tariffs to update outlook Read More »
(Reuters) -Contract drug manufacturer Thermo Fisher Scientific said on Tuesday it will buy Solventum’s purification and filtration business for about $4.1 billion, sending the latter’s shares up around 9%. The deal should allow Thermo to enter the filtration category in bioprocessing, where peers Danaher and Repligen are more strongly positioned, said Leerink Partners analyst Puneet …
Thermo Fisher buys Solventum’s purification and filtration business for $4.1 billion Read More »
