By Aditya Soni (Reuters) – The “Magnificent Seven” stocks sank on Monday, extending a market rout that has wiped off around $2 trillion from their combined value as investors worry about the financial fallout of U.S. President Donald Trump’s global tariff war. The latest slide followed cuts in price target for Apple and Tesla shares …
Tariff storm ravages Magnificent Seven as Apple nears one-year low Read More »
LUXEMBOURG (Reuters) – The European Union’s countermeasures targeting a list of U.S. imports in response to the Trump’s administration steel and aluminum tariffs will be less than 26 billion euros’ ($28.46 billion) worth after taking in account member states’ remarks, EU trade commissioner Maros Sefcovic told reporters on Monday. “When it comes to steel, aluminum …
EU will target less than €26 billion worth of U.S. imports, Sefcovic says Read More »
LONDON (Reuters) – HSBC Asset Management’s UK CEO Stuart White is leaving the company after more than 14 years at the banking giant, which had started a search for his replacement, a spokesperson told Reuters. “We can confirm that Stuart White is leaving HSBC Asset Management. We will conduct a search for his replacement,” a …
HSBC Asset Management’s UK CEO Stuart White leaving company Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Wall Street’s most watched gauge of investor anxiety jumped to a new eight-month high on Monday as U.S. stocks extended their selloff from last week on worries over the fallout from U.S. President Donald Trump’s tariff policy. The Cboe Volatility Index – an options-based gauge of investor …
Wall Street ‘fear gauge’ flashes red as stocks extend selloff Read More »
By Shashwat Chauhan (Reuters) -The S&P 500 index slumped further on Monday and was down more than 20% from its all-time highs, putting the most closely followed benchmark for U.S. equities on track to confirm a bear market. The Dow Jones Industrial Average was down more than 17% below its record high, while the Nasdaq …
S&P 500 on pace to confirm bear market as Trump’s tariffs hammer stocks Read More »
BERLIN (Reuters) – Volkswagen’s Audi is holding its cars which arrived after April 2, when Donald Trump announced a 25% tariff on autos imports, in U.S. ports, it said on Monday, as companies scramble to work out how they will be affected by the duties. The Volkswagen brand has around 37,000 vehicles, sufficient for approximately …
Volkswagen’s Audi holding cars in U.S. ports due to autos tariff Read More »
(Reuters) – Wall Street’s main indexes fell back into the red in choppy trade on Monday after CNBC reported White House officials were not aware of U.S. President Donald Trump considering a 90-day pause in tariffs for all countries except China. The White House denial came after stocks rose on a CNBC report about Trump …
Wall St pares gains after CNBC says White House not aware of tariff pause Read More »
(This March 31 story has been corrected to remove references to Bukowski’s job description as a manager of Walmart Canada, Loblaw, Metro, and Sobey’s accounts in paragraphs 16 and 17) By Siddharth Cavale, Nivedita Balu and Jessica DiNapoli TORONTO/NEW YORK (Reuters) – The “Buy Canadian” movement is sending new ripples of concern through the executive …
As ‘Buy Canadian’ grows, more US companies say retailers turning away their products Read More »
(Reuters) – Wall Street’s main indexes reversed course and moved sharply higher after White House economic adviser Kevin Hassett said in an interview that President Donald Trump was considering a 90-day tariff pause on all countries expect China. At 10:20 a.m. the Dow Jones Industrial Average rose 333.50 points, or 0.87%, to 38,614.49, the S&P …
Wall Street reverses course after Hassett’s comments on tariff pause Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) – Rescale, a San Francisco-based startup that makes engineering software used to design race cars and computer chips, raised $115 million on Monday in venture financing. Backers in the round included the venture arm of semiconductor manufacturing equipment maker Applied Materials and Nvidia, the world’s biggest maker of artificial …
Engineering software startup Rescale raises $115 million from Applied Materials, Nvidia Read More »
