By Davide Barbuscia NEW YORK (Reuters) – U.S. bond firm PIMCO said on Tuesday that waning business and consumer confidence under President Donald Trump’s policies is eroding the edge U.S. capital markets held over the rest of the world, strengthening the case for investors to diversify globally. Trump is set to unveil “reciprocal tariffs,” aligning …
US bond manager PIMCO looks abroad as US exceptionalism fades Read More »
(Reuters) – Ford Motor reported a 1.3% drop in first-quarter U.S. sales on Tuesday, hit by the discontinuation of some models and the timing of certain rental fleet sales. The Detroit automaker’s overall sales fell to 501,291 units in the three months to March, from 508,083 units a year earlier. (Reporting by Nathan Gomes in …
By Stephen Nellis SAN FRANCISCO (Reuters) – Cerebras Systems, a Silicon Valley-based AI chip company, and Canadian chip startup Ranovus said on Tuesday that they had been awarded a $45 million contract from the U.S. military to speed up connections between computing chips. Cerebras, which aims to challenge Nvidia in the AI chip race, has …
Cerebras Systems, Ranovus win $45 million US military deal to speed up chip connections Read More »
By Zaheer Kachwala (Reuters) – Roblox on Tuesday launched a new format of video advertising on its gaming platform and announced a partnership with Google to help boost the growth of its nascent ad business. Gamers can choose to watch video advertisement, up to 30 seconds long, in exchange for boosts, lifelines or resources in …
Roblox announces new ad format, Google partnership to boost advertising business Read More »
MADRID (Reuters) – Tesla’s new car sales rose 34% in March from the same month in 2024 to 1.983, registration data released by industry group ANFAC showed on Tuesday, though the company’s sales during the whole quarter fell 12%. The March increase has partly offset sales declines in the previous two months, ANFAC data showed. …
Spain’s sales of new Tesla cars rise in March, fall in first quarter Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Monday’s small gain in the S&P 500 did little to flatter the worst quarter since 2022 and even less to deflect investors’ main concern: the still undefined tariff sweep coming from Washington …
By Nicolás Misculin BUENOS AIRES (Reuters) – Argentina’s foreign minister will meet U.S. Secretary of State Marco Rubio on Tuesday in a trip aimed at laying the initial groundwork for a trade deal between the two nations, even as President Donald Trump prepares to impose sweeping tariffs. Gerardo Werthein’s visit to Washington comes a day …
Argentina pursues trade deal in Washington as Trump tariffs loom Read More »
By Mike Scarcella, Sara Merken and David Thomas (Reuters) – As the Trump administration strikes at U.S. law firms with a wave of executive orders, three firms challenging those orders have retained a former Tesla general counsel, a longtime conservative litigator and other top lawyers to represent them. Veteran conservative and U.S. Supreme Court attorney …
Law firms hire former Tesla lawyer and top conservative litigator for Trump fight Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina and the International Monetary Fund may be on the home stretch over a $20 billion new program, but the deal has so far failed to dispel traders’ anxiety and a haze of uncertainty around the outlook for the country’s peso currency. The South American nation, under libertarian …
Argentina IMF deal advances fail to clear FX haze Read More »
COPENHAGEN (Reuters) – Tesla’s sale of new cars in Denmark fell by 65.6% in March from the same month a year ago to 593 vehicles, registration data from Mobility Denmark showed on Tuesday. (Reporting by Louise Rasmussen, editing by Terje Solsvik)
