By Howard Schneider WASHINGTON (Reuters) – Optimism among company chief financial officers dropped in the first quarter as tariff risks and uncertainty began to cloud an outlook among business executives that had been buoyed by President Donald Trump’s election victory, according to a survey by two Federal Reserve banks and Duke University. On a scale …
CFO optimism dropped as Trump tariff plans unfolded, survey says Read More »
(Reuters) – BlackRock has launched its first model portfolio blending private and publicly traded assets, it said on Wednesday, as it looks to expand its footprint in the lucrative private market landscape. Model portfolios are blueprints that financial advisers use to manage their clients’ investments. Tailored for a variety of risk tolerances and goals, they …
BlackRock launches new model portfolio to further private market push Read More »
By Anna Mehler Paperny TORONTO (Reuters) – Hundreds of Canadian workers, many in the steel and aluminum sectors, have been laid off as a result of U.S. President Donald Trump’s tariffs, according to a major union and companies. Economists warned this was only the beginning as the impact of tariffs is expected to broaden the …
Canada steel, aluminum plants lay off workers due to US tariffs Read More »
By Akash Sriram (Reuters) – Micromobility startup Also said on Wednesday it has been spun-off from electric-vehicle maker Rivian Automotive with $105 million in Series B funding from venture capital firm Eclipse and will focus on lightweight EVs. Also will offer small, lightweight, electrically powered vehicles to serve customers at various price points and across …
Rivian spin-off Also reveals it will make lightweight electric vehicles Read More »
(Reuters) – U.S. videogame retailer GameStop said on Tuesday it would include bitcoin as a treasury reserve asset to diversify its corporate holdings, betting on the world’s biggest cryptocurrency to help turnaround its struggling primary business. U.S. President Donald Trump had signed an executive order earlier this month to establish a strategic bitcoin reserve using …
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 The darkest U.S. consumer confidence outlook in 12 years is sobering, to say the least, but the big question for investors is whether consumers actually rein in spending to match their apparent …
Morning Bid: Temporary consumer gloom or economic doom? Read More »
(Reuters) -Phillips 66 said on Wednesday it has nominated four executives to stand for election as directors at its upcoming annual shareholders’ meeting as the proxy fight with activist Elliott Investment Management intensifies. The nominations include John E. Lowe and Robert W. Pease, who are currently serving as directors. Phillips also named Nigel Hearne and …
Phillips 66 proposes new board members amid battle with activist investor Elliott Read More »
ATHENS -Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the U.S. oil producer this year, the Greek energy ministry said on Wednesday. Greece has accepted Chevron’s interest for two blocks south of Crete and will soon decide on …
By Ana Mano and Chris Prentice SAO PAULO (Reuters) -U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter. Chicago-based ADM said in February it would cut up to 700 jobs and …
Exclusive-ADM cuts jobs in grain trading division, sources say Read More »
JAKARTA (Reuters) – Apple’s iPhone 16 series will be available in Indonesia from April 11, it said on Wednesday, after Jakarta lifted a ban on its sale following the company’s more than $300 million investment plan. The Southeast Asian country of about 280 million people banned iPhone 16 sales last year as the company failed …
Apple says iPhone 16 series to be available in Indonesia from April 11 Read More »
