By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Big Tech looks to have calmed Wall Street nerves overnight, helping deflect attention from the U.S. economy’s tariff-skewed first quarterly contraction in three years. In today’s column, I explain why the euro …
(Reuters) -Air Products cut its annual profit forecast on Thursday and the industrial gas maker reported lower-than-expected quarterly earnings, hurt by lower sales volumes and higher costs, sending the company’s shares down 4% premarket. U.S. manufacturing activity contracted in March after growing for two months straight as President Donald Trump’s wave of tariffs eroded business …
Air Products lowers full-year profit forecast, shares fall Read More »
By Jonathan Stempel OMAHA, Nebraska (Reuters) -The new chief executive of Berkshire Hathaway’s HomeServices of America said worries about the impact of tariffs on mortgage rates are weighing on home buyers and sellers, but were unlikely to significantly dent sales of existing homes. “When mortgage rates are fluctuating because the underlying economy is fluctuating, it …
New CEO at Buffett’s HomeServices says buyers, sellers can handle tariffs, changes Read More »
(Reuters) -Billionaire Elon Musk is considering sending his government efficiency team to the Federal Reserve, Bloomberg News reported on Thursday, citing a costly renovation of the central bank’s Washington DC headquarters as an example of potential government waste. U.S. President Trump has tasked the Tesla and SpaceX CEO with leading efforts through the Department of …
Elon Musk says DOGE should examine Federal Reserve costs, Bloomberg News reports Read More »
By Melanie Burton MELBOURNE (Reuters) -Aluminium producer Alcoa said on Thursday its order book for the second quarter remains robust and it has yet to see a drop in orders related to U.S. tariffs, while also noting that this week’s power outage in Spain posed risks to its business there. Since taking office, U.S. President …
Alcoa says Q2 order book strong despite tariffs, assessing Spain power risks Read More »
By Mike Scarcella (Reuters) -Apple violated a U.S. court order that required the iPhone maker to allow greater competition for app downloads and payment methods in its lucrative App Store and will be referred to federal prosecutors, a federal judge in California ruled on Wednesday. U.S. District Judge Yvonne Gonzalez Rogers in Oakland said in …
US judge rules Apple violated order to reform App Store Read More »
By Roushni Nair and Rishav Chatterjee (Reuters) -Australia’s largest supermarket chain Woolworths said cost-conscious shoppers were increasingly looking for cheaper alternatives amid rising living costs, spurring its push into more private-label offerings, similar to rival Coles. Cost-of-living pressures loom as a key issue for Australians voting in a general election on May 3. Woolworths, which …
Australia’s Woolworths to focus on own-brand offers as living costs weigh on consumers Read More »
(Reuters) – Tesla Chair Robyn Denholm on Thursday said the media report on board members reaching out to recruitment firms to look for a new CEO to replace Elon Musk was “absolutely false”. Denholm added that the board is highly confident in Musk’s ability to continue “executing on the exciting growth plan ahead”. (Reporting by …
Tesla chair says board not looking for new CEO to replace Musk Read More »
DUBAI (Reuters) – Crypto enthusiasts descended on Dubai on Wednesday, gathering under the Gulf’s scorching sun and hoping the industry’s buoyant mood can keep going despite signs the euphoria around Donald Trump’s crypto stance is ebbing. Speakers at the two-day event in the desert city include chief executives at some of the world’s major crypto …
Crypto industry descends on Dubai as Trump euphoria recedes Read More »
By Melanie Burton MELBOURNE (Reuters) -Rio Tinto has not modernised its agreement with an Aboriginal group on whose lands it mines iron ore, failing to fulfil a commitment made five years ago when it destroyed an important Aboriginal heritage site, the group said on Thursday. Rio Tinto pledged to reform its business practices after it …
Rio Tinto has not fulfilled core pledge five years on from Juukan, Aboriginal group says Read More »
