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ADM warns 2025 profit at low end of prior forecast as tariffs stoke uncertainty

6 May 2025

By Karl Plume and Mrinalika Roy CHICAGO (Reuters) – Tariffs and trade chaos stung Archer-Daniels-Midland as the grains merchant on Tuesday posted its weakest first-quarter profit in five years and warned of eroding returns amid U.S. President Donald Trump’s efforts to redraw global markets. Slumping sales and weak crop-processing margins slashed operating profit by more …

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Buffett’s Dairy Queen on guard as tariffs weigh on desire to dine out

6 May 2025

By Jonathan Stempel OMAHA, Nebraska (Reuters) -Dairy Queen, owned by Warren Buffett’s Berkshire Hathaway, has seen signs that consumers are dining out less, but believes American franchisees can withstand economic pressures, including from tariffs, its chief executive said. Troy Bader, who has led the fast-food chain since 2018, said Dairy Queen sales and transactions grew …

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Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says

6 May 2025

NEW YORK (Reuters) – Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic impact of tariffs have raised short-term oil price volatility, the U.S. Energy Information Administration said on Tuesday. Oil prices hit a four-year low on Monday after the Organization of the Petroleum Exporting Countries and its …

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Bessent says $2 billion cut from IRS technology budget without disruptions

6 May 2025

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration has cut $2 billion from the IRS information technology budget without operational disruptions and intends to save hundreds of millions more by automating processing of paper forms. “Last year, the IRS spent approximately $450 million on paper processing with …

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Qatar Airways set to order about 100 widebody jets from Boeing, Bloomberg News reports

6 May 2025

(Reuters) -Qatar Airways is finalizing a deal to buy around 100 widebody jets from Boeing, with an option to buy as many more, Bloomberg News reported on Tuesday, citing people familiar with the matter. The deal is expected to be announced during U.S. President Donald Trump’s Middle East trip, which begins next week and includes …

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US SEC ends inquiry into Morgan Stanley’s cash sweep program with no enforcement action

6 May 2025

(Reuters) -The U.S. Securities and Exchange Commission has ended its investigation into Morgan Stanley’s cash sweep program for advisory accounts and will not pursue enforcement action, the Wall Street bank said in a filing dated Monday. The bank had been in talks with the regulator since April last year. Cash sweeps allow clients to earn …

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Embraer reaffirms 2025 outlook, says US tariffs have ‘limited impact’

6 May 2025

By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil (Reuters) – Brazilian planemaker Embraer reaffirmed its full-year delivery and financial outlook on Tuesday, saying U.S. tariffs so far had “limited impact,” although its CEO added his voice to calls for a return to zero tariffs for the aviation sector. The world’s third-largest aircraft maker after Airbus …

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Palantir shares dive after quarterly results fail to impress investors

6 May 2025

(Reuters) -Shares of Palantir Technologies slumped more than 13% on Tuesday, after quarterly results and a raised forecast failed to meet the high expectations of Wall Street investors, who had driven the stock price up significantly ahead of earnings. The data analytics company’s stock had gained 63% ahead of earnings this year, following a more …

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Lufthansa chairman announces departure, search for successor on track

6 May 2025

FRANKFURT (Reuters) – Lufthansa Chairman Karl-Ludwig Kley will not run again as head of the German airline group’s supervisory board, he told an annual investors’ meeting on Tuesday, adding that the search for a successor in 2026 was on track. (Reporting by Ilona Wissenbach, Writing by Rachel More; Editing by Ludwig Burger)

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