Reuters US Business

By Amanda Cooper LONDON (Reuters) – Shortsellers targeted a wider range of equity sectors in March before U.S. President Donald Trump’s April 2 “Liberation Day” tariff announcement and raised negative bets on a cluster of big tech stocks, data and tech firm Hazeltree said on Thursday. Super Micro Computer emerged as the most crowded security, …

Shortsellers targeted wider range of companies ahead of Trump’s ‘Liberation Day’ Read More »

(Reuters) – Fifth Third Bancorp reaffirmed the forecast for its annual net interest income growth on Thursday, as the lender banked on its ability to manage risks from the economic fallout of U.S. and China’s escalating tariff war. Regional banks like Fifth Third rely primarily on lending to small businesses and consumers, which are especially …

Fifth Third Bancorp reaffirms annual interest income forecast despite uncertainty Read More »

(Reuters) – U.S. homebuilder D.R. Horton lowered its full-year revenue forecast and missed second-quarter profit and revenue estimates on Thursday due to weak demand for homes. Shares of the company fell 3.2% before the bell. “The 2025 spring selling season started slower than expected as potential homebuyers have been more cautious due to continued affordability …

D.R. Horton cuts 2025 revenue forecast on weak demand for homes Read More »

(Reuters) – Truist Financial reported a fall in first-quarter profit on Thursday due to weakness in its investment banking and trading unit amid U.S. President Donald Trump’s whiplash trade policies. Shifting expectations of global tariffs have triggered market turbulence and sharp declines, prompting CEOs to adopt a cautious stance and delaying deals and IPOs, hurting …

Truist Q1 profit falls on weakness in investment banking and trading business Read More »

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets As the Federal Reserve takes a hawkish turn in the face of another Wall Street swoon, the European Central Bank appears set to ease borrowing rates again – or at least that’s what markets expect.     In today’s column, …

Morning Bid: ECB set to ease as Fed delivers hawkish twist Read More »

BEIJING (Reuters) – China has released guidelines to facilitate more efficient and standardised cross-border flows of Chinese and foreign financial institutions’ data, the central bank announced on Thursday. The guidelines, jointly released by six government agencies including the People’s Bank of China, further clarify the circumstances of data outflows and the list of data items …

China releases guidelines to facilitate cross-border flows of financial data Read More »

(Reuters) – The CEO of OVHCloud, a leading European data centre provider that operates 43 facilities across four continents, said on Thursday that global trade tensions were making European companies rethink their choice of cloud provider from a more strategic perspective. WHY IT’S IMPORTANT Data centres and computing power are crucial in the global AI …

European firms rethink cloud provider choices amid trade war, OVHCloud CEO says Read More »

By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Some factory workers in Vietnam have been told to increase output of products for the U.S. market, while others have had their shifts cut to three per week as U.S. orders were postponed or cancelled, industry executives said. The radically diverging strategies, largely the result of …

Cut shifts or ramp up output? Vietnam’s exporters face dilemma amid tariff chaos Read More »

(Reuters) – TikTok’s U.S. public policy chief, Michael Beckerman, a key figure in its fight against a U.S. government ban, plans to leave his Washington-based role and transition to a global advisory position, The Information reported on Wednesday, citing a staff memo. Earlier this month, President Donald Trump extended the deadline for the sale of …

TikTok’s US public policy chief to step down, The Information reports Read More »