(Reuters) – Federal Reserve interest rate policy remains restrictive and well-positioned, Fed Governor Adriana Kugler said on Tuesday, but progress on bringing inflation back to the central bank’s 2% target has slowed since last summer and the uptick in goods inflation seen in the latest data is “unhelpful.” The recent surge in inflation expectations reflected …
Fed’s Kugler: Uptick in goods inflation ‘unhelpful’ Read More »
(Reuters) – McCormick missed first-quarter profit estimates on Tuesday, as higher promotional expenses and price cuts for its spices, sauces and seasonings fell short of boosting demand. Shares of Hunt Valley, Maryland-based company were down about 3% in premarket trading. McCormick, like its peer General Mills, has been cutting prices and ramping up brand marketing …
Spice maker McCormick misses quarterly profit estimates on higher expenses 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 Wall Street stocks jumped on Monday, spurred by hopes that the White House is hesitating in its plan for sweeping “reciprocal” tariff hikes next week. The rally was also helped along by …
(Reuters) – Honeywell said on Tuesday it has appointed David Sewell to lead its advanced materials business, which is set to be spun off into an independently listed company by late this year or early 2026. The industrial giant had announced the spin-off in October as it looked to simplify its business. The unit would …
Honeywell appoints David Sewell to lead advanced materials unit ahead of spin-off Read More »
By David Shepardson WASHINGTON (Reuters) – Alphabet’s self-driving unit Waymo said on Tuesday it aims to launch its fully autonomous ride-hailing service in the U.S. capital city next year. Waymo began moving vehicles to Washington, D.C., in January and will bring more to the city in the coming weeks as it works to start paid …
Alphabet’s Waymo aims for 2026 self-driving ride-hailing launch in Washington, D.C Read More »
TOULOUSE, France (Reuters) -Australia’s Qantas will start Project Sunrise ultra-long-haul flights in early 2027 after receiving the first of 12 dedicated Airbus A350-1000 aircraft at the end of next year, Chief Executive Vanessa Hudson said on Tuesday. Deliveries of the first of 12 long-haul A350-1000 jets designed for record-breaking non-stop flights have been delayed after …
Qantas CEO says Project Sunrise flights to start in 2027 Read More »
By Allison Lampert MONTREAL (Reuters) – Escalating U.S. tariffs and Canadian retaliatory duties could raise costs on items from aircraft components to engine repairs, according to aerospace trade groups in Canada, as a fresh round of the U.S.-led trade war looms. U.S. President Donald Trump’s administration is set to enact reciprocal tariffs on trading partners …
Canadian aerospace groups warn fresh tariffs could raise costs on engine repairs, parts Read More »
By Echo Wang and Alexandra Alper NEW YORK (Reuters) – Cerebras Systems executives were hoping the Trump administration would wave through a national security review that has left the AI chipmaker’s IPO in limbo for months, five sources familiar with the matter said. Instead, the company’s highly anticipated listing has been delayed further as executives …
Exclusive-Cerebras IPO further delayed as US national security review drags on Read More »
By Howard Schneider WASHINGTON (Reuters) – Recent economic projections from Federal Reserve officials had shades of “Stagflation-lite,” in the words of one economist, a sentiment increasingly echoed among other observers of the U.S. economy and central bank wondering if the country’s outperformance during the pandemic is about to slide. So what is stagflation and why is …
Explainer-Stagflation on the radar for the US economy, but no repeat of the ’70s Read More »
By Anton Bridge and Ritsuko Shimizu TOKYO (Reuters) – Japan’s largest credit card company, Rakuten Card, is aiming to almost double its annual operating profit to 100 billion yen ($663.7 million) in the medium term and sees opportunity in expanding into the largely untapped business-to-business payments market, its new chief executive officer said. Although Japan’s …
Rakuten Card aiming for 100 billion yen profit, eyes 1,100 trillion yen B2B market Read More »
