By Lucia Mutikani WASHINGTON (Reuters) -U.S. corporate profits surged to a record high in the fourth quarter amid strong demand and pricing power, but an uncertain economic outlook due to tariffs is creating a challenging environment for businesses that economists say could force companies to lay off workers to protect margins. The report from the …
US corporate profits hit record high before Trump’s tariffs Read More »
By Ann Saphir (Reuters) -President Donald Trump’s permanent 25% tariff on imported autos has expanded the global trade war, feeding expectations for higher prices for cars and other products, but doing little to settle the debate about how policies of his two-month-old administration will affect the U.S. economy. With more tariff announcements looming next week, …
Trump’s auto tariffs complicate Fed’s deliberations on rates Read More »
BUENOS AIRES (Reuters) – Coca-Cola Argentina and bottlers will invest more than $1.4 billion in the South American country to boost production, improve logistics, and optimize infrastructure, the company said in a statement on Thursday. (Reporting by Eliana Raszewski; Writing by Brendan O’Boyle; Editing by Sarah Morland)
MEXICO CITY (Reuters) – Mexico is working to carve out an exemption for its critical autos industry after Washington announced tariffs on imported vehicles, the economy minister said on Thursday. U.S. President Donald Trump on Wednesday announced 25% tariffs on auto imports, escalating his global trade war and threatening the USMCA free trade agreement Mexico …
Mexico working for preferential treatment in face of US auto tariffs Read More »
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Thursday Donald Trump’s decision to impose tariffs on cars is wrong and the U.S. president had chosen a path that would produce only losers. “U.S. President Trump’s decision is wrong,” Scholz said in a statement. “The U.S. has chosen a path at whose end lie only …
Germany’s Scholz says Trump’s tariffs are wrong, everyone will lose Read More »
By Lisa Pauline Mattackal (Reuters) – Shares of GameStop fell more than 15% on Thursday after the company’s plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business. The video game retailer’s shares also gave up all their gains from a …
GameStop shares tumble as investors question bitcoin pivot Read More »
(Reuters) – Three Intel board members will not stand for reelection at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan. Since late last year, the company has been reshuffling its board to make it more chip industry focused as it …
Three Intel board members to retire in latest shakeup amid turnaround Read More »
By Jarrett Renshaw NEW YORK (Reuters) – U.S. President Donald Trump’s administration has asked oil and biofuels producers to hash out a deal on the next phase of the nation’s biofuels policy to avoid the kind of political clashes that marked his first term, according to four people familiar with the matter. Big Oil and …
Trump administration tells oil and biofuels groups to hash out new biofuel policy Read More »
By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – U.S. oil producers are grappling with geological limits to production growth as the country’s top oilfield ages and produces more water and gas and less oil – and may be nearing peak output. The Permian basin was the centerpiece of the shale revolution that began …
US oil producers face new challenges as top oilfield flags Read More »
By Douglas Gillison (Reuters) – Paul Atkins, President Donald Trump’s nominee to lead the U.S. Securities and Exchange Commission, told lawmakers on Thursday he would work with Elon Musk’s Department of Government Efficiency or others engaged in cost-cutting efforts at the Wall Street regulator. Atkins told the Senate Banking Committee that he would “definitely” work …
Trump pick to lead markets watchdog willing to work with DOGE on ‘efficiencies’ Read More »
