(Reuters) – Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group. The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively, for the remainder of …
Goldman Sachs expects oil prices to decline through 2026 Read More »
By Scott Murdoch SYDNEY (Reuters) – Bally’s Corp considered waiting for Star Entertainment to enter voluntary administration before investing but feared the Australian casino group would have been too hard to rescue, the U.S gaming firm’s chairman, Soo Kim, told Reuters. Rhode Island-based Bally’s and the Mathieson family – Star’s largest investor – engineered a …
Bally’s swooped for Star after Australian casino group’s fire sale, chairman says Read More »
By Xiuhao Chen, Joe Cash BEIJING (Reuters) -China’s exports likely picked up pace in March, as factories rushed out shipments ahead of U.S. President Donald Trump’s sweeping tariffs this month, though the broadening trade war with the United States has darkened the economic outlook. Trade data for March is expected to show outbound shipments rose …
(Reuters) – U.S. President Donald Trump posted on Truth Social on Sunday that his administration is looking at semiconductors and the electronics supply chain as part of upcoming national security tariff investigations. (Reporting by Costas Pitas; Editing by Mark Porter)
By Isla Binnie NEW YORK (Reuters) -Ray Dalio, billionaire founder of one of the world’s largest hedge funds, said on Sunday that President Donald Trump’s trade war has brought the United States near to recession. He was asked on NBC’s “Meet the Press” if he thought the world’s largest economy could dip into recession, usually …
Bridgewater’s Ray Dalio says Trump trade war has put US ‘close to a recession’ Read More »
By David Lawder and Jeff Mason WASHINGTON/WEST PALM BEACH, Florida (Reuters) -U.S. President Donald Trump’s administration granted exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China, providing a big break to tech firms like Apple that rely on imported products. China said it was evaluating the impact of the …
Trump spares smartphones, computers, other electronics from China tariffs Read More »
ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump said on Saturday that he will provide an update on his administration’s approach to semiconductor tariffs on Monday. “I’ll give you that answer on Monday,” Trump told reporters aboard Air Force One. (Reporting by Jeff Mason; Writing by Trevor Hunnicutt; Editing by Sandra Maler)
By Brad Brooks and Rich McKay BOULDER, Colorado (Reuters) – A toy store manager hit with daily price increase notifications. A lip balm manufacturer forecasts a $5 million jump in cost of goods. A concert venue impresario who saw a surprise price hike of $140,000 to install new seats in a performance hall. They are …
That seat will cost how much? US businesses already seeing impact of Trump tariffs Read More »
(This April 11 story has been corrected to fix the headline; say 1-year low, not 8-month, in paragraph 1, and change LNG price for mid-May to $11.80, not late July, in paragraph 2) By Emily Chow SINGAPORE (Reuters) – Asian spot liquefied natural gas (LNG) prices slid its lowest in nearly a year this week, …
Asian spot prices slip to near 1-year low on weak demand, recession concerns Read More »
By Eduardo Baptista and Che Pan BEIJING (Reuters) -U.S. chipmakers that outsource manufacturing will be exempt from China’s retaliatory tariffs on U.S. imports, according to a notice by the main Chinese semiconductor association on Friday. Given the highly specialized and multi-country nature of chip supply chains, there was uncertainty within the industry about how tariffs …
US chipmakers outsourcing manufacturing will escape China’s tariffs Read More »
