Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) – U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year. The survey from S&P Global on Monday also showed a measure of prices paid by businesses for inputs …

US business activity rises in March, but sentiment deteriorates further Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) – Gloo, a Boulder, Colorado-based firm that offers technology tools to Christian churches and other faith groups, said on Monday that Pat Gelsinger is joining the firm as its head of technology and executive chairman, where he will help the group develop AI tools such as virtual assistants and …

Former Intel CEO Gelsinger joins religious-oriented tech firm Gloo for AI push  Read More »

By Alessandro Parodi (Reuters) – Tesla EV sales in Europe have fallen in February behind legacy brand Volkswagen and the BMW group, as well as rivals from China, data by research platform JATO Dynamics showed on Monday. Elon Musk’s all-electric brand is facing a loyalty test in Europe after the close ally of U.S. President …

Volkswagen, BMW group electric cars outsell Tesla in Europe in February Read More »

By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) – Several steel makers in northwestern China’s Xinjiang region began production cuts from Monday, local reports said, after Beijing earlier stated its intent to curb capacity in an industry long plagued by overcapacity. Among them, Xinjiang Ba Yi Iron and Steel Co, a subsidiary of China Baowu …

Some Chinese steel makers start output cuts, heeding national call 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 The final week of a bruising quarter for U.S. stocks looks set to start on an upbeat note amid signs of equivocation in Washington on its long-threatened April 2 tariff hikes. Anxiety …

Morning Bid: Tariff exclusion hopes prop up markets Read More »

(Reuters) – Mercuria estimates that about 500,000 tons of copper are heading to the U.S., against normal monthly imports of around 70,000 tons, triggered by the potential imposition of tariffs, Bloomberg said in a report on Monday. This massive amount of copper being transported to the U.S. could push copper prices to record highs and …

US copper imports soar to 500,000 tons amid tariff threats, says Bloomberg Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – Analysts are turning more cautious on U.S. corporate earnings for the first quarter of this year, with the Trump administration’s policies threatening to trigger a global trade war that could undermine economic growth. Apple, Tesla and Ford Motor are among companies contributing the most to recently lowered estimates …

First-quarter US earnings outlook looks less rosy with tariff worries in focus Read More »