(Reuters) – Tariffs have been top-of-mind for corporate executives in the early days of this quarter’s earnings season as U.S. President Donald Trump threatens to hit allies Mexico and Canada with levies on imported goods. Those tariffs are expected to now begin on March 1, with an announcement on Saturday, but it is possible Trump …
Explainer-What worries US executives about tariffs Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Two Federal Reserve officials seen as representing contrasting sides of the policy spectrum said on Friday they’ll be watching the impact of Trump administration policies on inflation as they assess how much further interest rates should fall. In separate comments, Fed Governor Michelle Bowman and Chicago …
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(This Jan. 30 story has been corrected to fix John Carter’s designation to president and COO of Nationwide Financial in paragraph 5) (Reuters) – U.S. insurer Nationwide said on Thursday that it would acquire property and casualty insurer Allstate Corp’s employer stop-loss segment in a $1.25 billion deal, as it seeks to expand its stop-loss …
Nationwide to acquire Allstate’s stop-loss insurance business in $1.25 billion deal Read More »
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Donald Trump is expected to announce new tariffs against Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters. The tariff situation remained fluid on …
Exclusive-Trump set to impose tariffs on Mexico, Canada starting on March 1, sources say Read More »
By Stefanie Eschenbacher and Adriana Barrera MEXICO CITY (Reuters) – Mexican billionaire investor Carlos Slim’s team and state energy company Pemex are discussing substantial changes to a deal to develop the country’s first deepwater natural gas field, five sources familiar with the matter told Reuters. Slim’s Mexican holding company Grupo Carso signed a deal last …
Exclusive-Mexico’s Pemex, billionaire Slim renegotiate deepwater gas project Read More »
By Anjana Anil and Sherin Elizabeth Varghese (Reuters) -Safe-haven demand due to geopolitical uncertainties and concerns over global economic growth amid U.S. President Donald Trump’s tariff plans have hoisted gold prices to a record high, once again bringing the key $3,000 threshold onto investors’ radar. Spot gold climbed to a record high of $2,817.23 per …
Trump tariff uncertainties push safe-haven gold to record high Read More »
By Christy Santhosh and Puyaan Singh (Reuters) -AbbVie forecast 2025 profit above estimates on Friday, as strong sales of its newer immunology drugs Skyrizi and Rinvoq make up for a steep decline in those of Humira, its flagship rheumatoid arthritis drug that is now facing stiff competition. The drugmaker’s shares rose 7% in morning trade. …
AbbVie forecasts 2025 profit above estimates on newer immunology drugs Read More »
(Reuters) -Bankrupt crypto exchange FTX said on Friday it had resolved a lawsuit it brought last year against K5 Global, a venture capital firm co-founded by a former aide in Hillary Clinton’s office. The settlement will pave the way for the parties to collaborate to maximize recoveries for FTX customers and stakeholders, the companies said. …
FTX reaches settlement with ex-Clinton aide’s investment firm Read More »
(Reuters) – Chicago Federal Reserve President Austan Goolsbee said inflation data released on Friday was a bit better than expected and gives him comfort that inflation is on path to the 2% target, adding that he still expects the U.S. central bank’s policy rate to be “a fair bit” lower in 12 to 18 months. …
Fed’s Goolsbee comforted by latest inflation data, worried about tariffs Read More »
(Reuters) – JPMorgan Chase’s co-head of global markets, Jason Sippel, is leaving the Wall Street lender and Pranav Thakur has been named sole head of the business, an internal memo seen by Reuters showed on Friday. Sippel will be leaving for another opportunity after a 23-year stint at the largest U.S. bank by assets, where …
JPMorgan names Thakur sole head of global markets unit as Sippel departs Read More »
