By Marcelo Teixeira and May Angel NEW YORK (Reuters) -The 50% tariff that the Trump administration has slapped on Brazilian imports has rattled the global coffee market and could make the price of a cup of coffee in the U.S. jump beyond recent highs. Brazil is the world’s largest grower and exporter of coffee, while …
Trump’s Brazil tariff rattles coffee market, could raise prices in US Read More »
(Reuters) -Nike said in an internal memo seen by Reuters on Thursday that Jared Carver, president and CEO of Converse, would step down and be succeeded by longtime company executive Aaron Cain. Nike is in the midst of realigning its business by sport across its Nike, Jordan and Converse brands. It has faced sluggish sales …
Nike names insider new Converse CEO after Jared Carver steps down Read More »
(Reuters) -The Magnum Ice Cream Company said on Thursday it has appointed Jochanan Senf as the global chief executive officer of Ben & Jerry’s, effective mid-July. The leadership change comes as Ben & Jerry’s independent board is locked in a legal fight with parent Unilever over the removal of its former CEO Dave Stever, who …
Magnum Ice Cream Co names Jochanan Senf as Ben & Jerry’s CEO Read More »
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Pretium, a real-estate focused investment firm founded by Goldman Sachs alum Don Mullen, said on Thursday it has originated more than $1 billion in loans to homebuilders in the last six months. The company, which manages $60 billion of assets, started issuing these loans, in partnership …
Ex-Goldman partner’s investment firm issues $1 billion in homebuilder loans Read More »
By Akash Sriram (Reuters) -Tesla will hold its annual shareholder meeting on November 6, it said on Thursday, a day after a group of 27 investors urged the Elon Musk-led electric automaker to set a date, citing legal obligations. The company, which held its last meeting in June 2024, has been grappling with a series …
Tesla to hold annual shareholder meeting in November as investor scrutiny mounts Read More »
(Reuters) -Walmart said on Thursday it has recalled its Ozark Trail water bottles following reports of three injuries caused by the product. The company recalled about 850,000 bottles over risk of the lid forcefully ejecting when consumers try to open the product after storing food or beverages for a long period, the U.S. Consumer Product …
Walmart recalls Ozark Trail bottles after three reported injuries Read More »
By Marta Nogueira RIO DE JANEIRO (Reuters) -Brazil has logistical and commercial flexibility to preserve the competitiveness of its oil on the international market if the 50% tariff announced by U.S. President Donald Trump on Wednesday comes into effect on August 1, experts told Reuters. Oil is the main product on Brazil’s export list to …
Brazilian oil could find new destinations in the face of Trump’s tariffs Read More »
By Marc Jones and Rodrigo Campos LONDON/NEW YORK (Reuters) -Brazil’s stock market was dragged lower by its financial sector on Thursday while the real currency rebounded, a day after U.S. President Donald Trump’s shock move to slap 50% tariffs on imports from Latin America’s largest economy, citing political disagreements. Currency volatility gauges were at their …
Brazil stocks slip, real rebounds after Trump’s 50% tariff threat Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of San Francisco President Mary Daly said on Thursday the time to cut rates is nearing, without saying when she believes that should happen. “I really am of the view that it’s time” to weigh the need to cut interest rates to ensure the economy …
Fed’s Daly says two rate cuts remain on the table for this year Read More »
(Reuters) -Trading and market making firm Virtu Financial threw its support behind a proposal by IEX to launch a new U.S. options exchange, saying the initiative could promote competition and innovation. In a letter to the Securities and Exchange Commission dated July 9, Virtu called IEX’s proposed platform a “well-intentioned” step that could benefit retail …
Trading giant Virtu backs plan for IEX’s proposed options exchange Read More »
