By Sinéad Carew and Pranav Kashyap (Reuters) -The S&P 500 and the Dow closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation as U.S. President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China. Wall Street equities have …
Dow, S&P 500 end wild session lower, Trump digs in on tariffs Read More »
By Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil’s state-run oil firm Petrobras is unlikely to lower diesel prices while the economic scenario abroad remains uncertain, Chief Executive Magda Chambriard told Reuters after a request from the government to do so became public on Monday. Petrobras will not bring jitters from …
Brazil’s Petrobras unlikely to change diesel prices despite energy minister request Read More »
By Nupur Anand and Pete Schroeder NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon on Monday warned that trade wars could have lasting negative consequences, days after he and other U.S. bank CEOs met with Commerce Secretary Howard Lutnick to discuss the administration’s sweeping tariffs. “The economy is facing considerable turbulence,” Dimon wrote. “We are …
Dimon warns of economic impact of trade war, sees possible recession Read More »
(Reuters) -Broadcom said on Monday it was launching a new share buyback program of up to $10 billion, set to run through the end of the year, sending its shares up nearly 3% in extended trading. CEO Hock Tan said the move reflects confidence in Broadcom’s semiconductor and infrastructure software franchises, particularly its position in …
Broadcom announces new $10 billion share buyback plan Read More »
(Reuters) -A global equities meltdown lost some of its intensity on Monday as U.S. President Donald Trump stuck to his sweeping tariff plans though his advisers said he would be willing to negotiate with countries scrambling to head off tariffs. At the close of trade in New York, the S&P 500 was down 0.23% on …
US stocks slide loses steam even as tariff worries remain Read More »
By Fergal Smith (Reuters) -Canada’s main stock index fell on Monday to a seven-month low, including declines for energy and financial shares, as a widening trade war threatened to derail the global economy and despite the prospect of negotiations that could lead to deals. Toronto Stock Exchange’s S&P/TSX composite index ended down 334.01 points, or …
TSX hits 7-month low as trade war fuels recession fears globally Read More »
By Tatiana Bautzer and Ross Kerber (Reuters) – BlackRock CEO Larry Fink said stock markets could fall 20% farther as steep U.S. tariffs lead some investors to believe the U.S. economy may already be contracting. “Most CEOs I talk to would say we are probably in a recession right now,” Fink told the Economic Club …
BlackRock’s Fink says stocks could extend fall by 20% amid US recession worries Read More »
By Pete Schroeder WASHINGTON (Reuters) -The heads of the largest U.S. banks met with Commerce Secretary Howard Lutnick last week and discussed President Donald Trump’s tariff plans a day after they were announced. CEOs from the nation’s largest banks met with Lutnick in Washington on Thursday as part of a regularly scheduled meeting hosted by …
US Commerce Secretary Lutnick, bank CEOs discussed tariffs one day after announcement Read More »
TOKYO (Reuters) -U.S. Treasury Secretary Scott Bessent will lead trade negotiations with Japan, the Nikkei newspaper reported on Tuesday. Under Bessent, Washington is likely to discuss dollar/yen moves with Tokyo as well as trade, the Nikkei said, citing unnamed U.S. Treasury Department sources. Although trade talks are usually led by the U.S. Trade Representative, the …
US Treasury Secretary Bessent to head trade talks with Japan – Nikkei Read More »
By David Shepardson (Reuters) – U.S. planemaker Boeing Co reached settlements with the families of two people who died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX on the eve of a trial, the company and lawyers for the families said on Monday. Terms of the settlements with the families of …
Boeing settles lawsuits with two 737 MAX crash victims’ families Read More »
