PORT MOODY, British Columbia, April 24 (Reuters) – Prime Minister Mark Carney on Thursday dismissed Donald Trump’s remarks about not wanting Canadian cars, reiterating that the U.S. President wanted to break Canada. “He said he doesn’t want Canada to play any part in the North American auto industry. So, I will be equally clear: this …
Canada decides what happens to auto sector, not Trump, says Carney Read More »
(Reuters) -Copper miner Freeport-McMoRan <FCX.N> reported a first-quarter profit on Thursday that slightly beat Wall Street’s expectations but said tariffs proposed by U.S. President Donald Trump could increase the cost of materials needed for its U.S. mines by about 5%. Shares of the Arizona-based company, which operates across the Americas, Indonesia and Europe, were 5.2% …
Freeport-McMoRan profit slightly beats, flags higher costs amid tariffs Read More »
By Anshuman Tripathy (Reuters) -Railroad operator Union Pacific missed Wall Street estimates for first-quarter profit and revenue on Thursday, hurt by weak automotive shipments and lower fuel surcharge, sending its shares down 3%. The Omaha, Nebraska-based company said its volumes were pressured by economic uncertainty and weaker coal demand. Union Pacific has struggled with lower …
Union Pacific misses quarterly estimates on weak auto shipments Read More »
(Reuters) -Morgan Stanley is selling the last $1.23 billion of debt related to Elon Musk’s $44 billion buyout of social media platform Twitter, now called X, a person familiar with the matter said on Thursday. The bank is offering the debt in the form of a fixed-rate loan at an interest rate of 9.5% and …
Morgan Stanley to sell remaining $1.23 billion of X debt, source says Read More »
By Ross Kerber (Reuters) -Median pay among top U.S. CEOs rose 7.5% to a record $16.8 million for 2024, a new study found, as big stock grants boosted leaders’ reported earnings well beyond the pay received by U.S. workers. The CEOs of Axon and Union Pacific were among those getting big pay boosts from stock …
Median US CEO pay hits record $16.8 million on soaring stock awards Read More »
By Svea Herbst-Bayliss (Reuters) -Autodesk said on Thursday it will add two newcomers to its board and settle one of the year’s most high-profile proxy fights after activist hedge fund Starboard Value mounted a boardroom challenge at the software-design company last month. Jeff Epstein, an operating partner at Bessemer Venture Partners who has served as …
Autodesk settles fight with Starboard, adds two to board Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve officials speaking in television interviews on Thursday indicated they see no urgency for a change in monetary policy as they seek more information to determine how the Trump administration’s trade tariffs are affecting the economy. Fed Governor Christopher Waller said in a Bloomberg interview that given …
Fed officials argue for patience while gauging tariff impact Read More »
By Zaheer Kachwala (Reuters) -Mobileye Global forecast surprise second-quarter revenue growth on Thursday and said the company would not face a direct impact from U.S. President Donald Trump’s tariffs, sending its shares up as much as 8%. Executives of the maker of technology for autonomous-car systems cited the “simplicity” of its supply chain where the …
Mobileye soothes tariff fears with strong second-quarter revenue forecast Read More »
By Michael Erman (Reuters) -Bristol Myers Squibb reported higher-than-expected first-quarter revenue on Thursday and raised its full-year forecast due to growth from its portfolio of drugs that spur a patient’s immune system to fight cancer. The company’s shares, which were off 1% in early trading on Thursday, have dropped more than 20% over the past …
Bristol Myers posts higher-than-expected quarterly revenue on cancer drug sales Read More »
By Karin Strohecker and David Lawder WASHINGTON (Reuters) -Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free assets is very much in focus, the head of South Africa’s central bank told Reuters. Speaking on the sidelines of the IMF and World Bank spring meetings in Washington, …
