(Reuters) -Starbucks has received “a lot of interest” in the sale of a stake in its China business, its chief executive told the Financial Times in an interview published on Wednesday, as the U.S. coffee chain looks to revive sales in its second-largest market. “The good news is we’ve got a lot of interest — …
Starbucks has received ‘a lot of interest’ for China business stake, CEO tells FT Read More »
(Corrects to remove extraneous word in first paragraph) By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration’s import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures. The Consumer Price Index report from the Labor Department on Wednesday could …
Tariffs expected to lift underlying US consumer prices in May Read More »
(Reuters) -The Pentagon is scaling back by half its request to Congress for the U.S. Air Force’s Lockheed Martin F-35 jets, Bloomberg News reported on Tuesday. A U.S. Defense Department procurement request document sent to Capitol Hill this week asked for 24 of the planes, down from 48 that were forecast last year, the report …
Pentagon slashes in half its request for Air Force F-35s, Bloomberg News reports Read More »
(Reuters) -Slack, a Salesforce-owned workplace messaging app, recently blocked other software firms from searching or storing Slack messages, The Information reported on Tuesday, citing a public disclosure. A spokesperson for Salesforce said the company had recently made changes to its terms and services and directed Reuters to a May 29 statement on its website. “As …
Salesforce blocks AI rivals from using Slack data, The Information reports Read More »
(Reuters) -Peter Thiel-backed crypto exchange Bullish has confidentially filed for an IPO with the U.S. Securities and Exchange Commission in recent weeks, the Financial Times reported on Tuesday. A unit of blockchain software company Block.one, Bullish had attempted to go public through a special purpose acquisition company deal in 2021 but that fell through in …
Cryptocurrency firm Bullish confidentially files for US IPO, FT reports Read More »
(Reuters) -The United States and Mexico are negotiating a deal to reduce or eliminate President Donald Trump’s 50% steel tariffs on imports up to a certain volume, industry and trade sources said on Tuesday. An industry source familiar with the talks said that a likely outcome would include a quota arrangement, under which a specified …
US, Mexico discuss deal to cut Trump’s steel tariffs, sources say Read More »
By Kalea Hall and David Shepardson DETROIT/WASHINGTON (Reuters) -General Motors said on Tuesday it is planning to invest about $4 billion over the next two years at three U.S. facilities in Michigan, Kansas, and Tennessee as it moves to boost production of gas-powered vehicles amid slowing electric vehicle demand. The company said it will begin …
GM to invest $4 billion in three US facilities as it ramps up gas-powered vehicles Read More »
By Noel Randewich and Sukriti Gupta (Reuters) -The S&P 500 ended higher on Tuesday, lifted by a rally in Tesla as investors bet on positive results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year. Wall Street expects improved trade terms after relief from a preliminary deal …
Wall Street ends higher as investors track US-China trade talks Read More »
SAO PAULO (Reuters) -Mexico eased a ban on chicken shipments from Brazil, setting the restriction now only to products coming from the Brazilian state of Rio Grande do Sul, instead of a previous countrywide ban, Brazil’s Agriculture Ministry said on Tuesday. On the other hand, the ministry said in a statement that Mauritania announced a …
By Bhanvi Satija and Christy Santhosh (Reuters) -Talks with the Trump administration about lowering U.S. drug prices have so far not provided clarity on when and how reduced prices will be implemented, top executives from Eli Lilly and Merck said at an industry conference on Tuesday. President Donald Trump issued an executive order last month …
Drug pricing reform talks with US government lack clarity, industry executives say Read More »
