WASHINGTON (Reuters) -Google hopes to enter an agreement with Apple by the middle of this year to include its Gemini AI technology on new phones, CEO Sundar Pichai said in testimony at an antitrust trial on Wednesday. (Reporting by Jody Godoy; Editing by Doina Chiacu;)
By Rodrigo Campos, Nelson Bocanegra NEW YORK/BOGOTA (Reuters) -The International Monetary Fund said on Saturday it had set conditions for Colombia’s access to its $8.1-billion Flexible Credit Line, a precautionary tool for crisis prevention and mitigation, effectively cutting access for the country from that cash. Colombia had access to a similar tool since 2009, but …
Explainer-Why did the IMF block Colombia’s access to a credit line? Read More »
WASHINGTON (Reuters) -U.S. consumer spending increased solidly in March as households boosted purchases of motor vehicles to avoid higher prices and shortages due to tariffs, but that did little to change economists’ views that the economy had shifted into lower gear. Consumer spending, which accounts for more than two-thirds of economic activity, surged 0.7% last …
US consumer spending surges in March, inflation cools Read More »
WASHINGTON (Reuters) -Contracts to buy U.S. previously owned homes surged by the most in more than a year in March, boosted by a decline in mortgage rates. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, jumped 6.1% to 76.5 last month. The increase was the …
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WASHINGTON (Reuters) -U.S. private payrolls growth slowed more than expected in April, the ADP National Employment Report showed on Wednesday. Private payrolls increased by only 62,000 jobs this month after a downwardly revised 147,000 gain in March. Economists polled by Reuters had forecast private employment would advance by 115,000 following a previously reported gain of …
By Juveria Tabassum (Reuters) -Yum Brands beat estimates for first-quarter comparable sales on Wednesday, driven by strong performance at its Taco Bell stores in the U.S. and KFC outlets internationally. The results come at a time when consumer spending on dining out slowed in February and March due to sticky inflation and worries about the …
KFC-parent Yum Brands tops sales estimates as Taco Bell demand holds firm Read More »
SYDNEY (Reuters) -Australia’s property prices hit a record in April although U.S. tariff risks and election uncertainty led to a slump in the sales and listings volume, property consultant Cotality said on Thursday. Prices rose 0.3% in April from March to a new peak of A$ 825,349 ($528,470.96), compared with a 0.4% gain the previous …
By Nathan Gomes (Reuters) – Caterpillar on Wednesday reported lower-than-expected first-quarter results on weak construction equipment demand and outlined two scenarios for its annual sales forecast, one of which included the potential impact of extensive tariffs. The two different scenarios by the company considered a bellwether for global economy is a sign of how difficult …
Caterpillar misses first-quarter estimates, flags tariff hit to annual sales Read More »
(Reuters) -Martin Marietta on Wednesday posted higher profit per unit, as steady infrastructure spending and investments in data center projects drove demand for its building and construction materials. The company also maintained its 2025 revenue forecast range of $6.83 billion to $7.23 billion and said that it “does not assume any material tariff-related positive or …
Martin Marietta posts higher profit on strong demand for building materials Read More »
(Reuters) -Garmin posted its slowest revenue growth in seven quarters and missed profit estimates on sluggish demand for its navigation devices and smartwatches, sending shares of the company down more than 11.5% on Wednesday. It also joined a chorus of global companies in warning about the economic uncertainty sparked by sweeping U.S. tariffs, which have …
Navigation device maker Garmin misses profit estimates, shares slump Read More »
