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Amazon considers $15 billion warehouse expansion plan, Bloomberg News reports

9 Apr 2025

(Reuters) -Amazon.com is considering a $15 billion warehouse expansion plan for about 80 new logistics facilities in U.S. cities and rural areas, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company is asking potential capital partners to submit proposals, according to the report, which said the facilities are expected to be …

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Britain’s JD Sports backs Nike strategy, says relationship good

9 Apr 2025

By James Davey LONDON (Reuters) – British sportswear retailer JD Sports, one of Nike’s largest customers, said on Wednesday it felt “really good” about the direction of the brand and their relationship despite trading and tariff challenges. Shares in Nike, based in Beaverton, Oregon, have slumped 42% over the last year, initially due to weak …

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Motor racing-Haas F1 say no impact from tariffs hitting owner’s business

9 Apr 2025

MANAMA (Reuters) – The U.S.-owned Haas Formula One team said they were carrying on as normal despite owner Gene Haas’s machine tools business reporting a ‘dramatic decrease in demand’ as a result of President Donald Trump’s trade tariffs. California-based Haas Automation said in a statement on Wednesday that it had reduced production, eliminated overtime and …

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Indonesians rush to gold as rupiah and stocks plunge amid US tariff worries

9 Apr 2025

By Gayatri Suroyo JAKARTA (Reuters) – Hundreds of Indonesians are flocking to buy gold bars, betting that the precious metal’s value could shield them from tougher economic times ahead as the currency and the stock market tumble in South East Asia’s largest economy. Indonesia is among dozens of countries affected by U.S. President Donald Trump’s …

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US crude stockpiles rise as exports hit Jan lows, EIA data shows

9 Apr 2025

By Stephanie Kelly NEW YORK (Reuters) – U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down, the Energy Information Administration said on Wednesday. Crude inventories rose by 2.6 million barrels to 442.3 million barrels in the week ended April …

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Tariff anxiety boosted first-quarter personal computer shipments, Canalys says

9 Apr 2025

Global shipments of personal computers rose 9.4% in the first quarter of this year as PC makers boosted consignments to the United States in anticipation of President Donald Trump’s sweeping tariffs, research firm Canalys said on Wednesday. WHY IT’S IMPORTANT As higher tariffs on more countries across the globe take effect, both direct and indirect …

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JPMorgan CEO Dimon expects recession and defaults, urges quick trade talks in Fox Business interview

9 Apr 2025

By Nupur Anand and Suzanne McGee NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon said on Wednesday that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers, he told Fox Business’ “Mornings with Maria” program. “So long as you have rates going up … inflation is …

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Tariff turmoil leaves investors with few hiding places

9 Apr 2025

By Amanda Cooper and Yoruk Bahceli LONDON (Reuters) – Investors are dumping U.S. assets they usually favour in times of turmoil as fear over the economic impact of U.S. President Donald Trump’s reciprocal tariffs shakes confidence in traditional safe-havens. The dollar and U.S. Treasuries have taken a beating as Trump’s tariffs, plus a 104% duty …

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US producers face tough choices on growth, capital returns as oil falls below $60

9 Apr 2025

By Arunima Kumar (Reuters) – A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share buybacks and capital expenditures, analysts have said. Brent crude and West Texas Intermediate (WTI) futures …

US producers face tough choices on growth, capital returns as oil falls below $60 Read More »

Verizon says Google AI for customer service agents has led to sales jump

9 Apr 2025

By Kenrick Cai SAN FRANCISCO – Verizon said an AI assistant for the company’s customer service representatives built using Google models had cut down on call times and freed them up to sell products to customers, leading to a surge in sales. An AI assistant on their screen helps the customer service agents figure out …

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