Keyword "BIZ" - List of latest news (11 640 results)

14:19 Breakingviews - AI weakness makes YouTube Alphabet’s new lynchpin

Through its 26-year run, a 6,000% run-up in its share price, and dominance of the global search engine market, Google owner Alphabet has become a $1.8 trillion internet goliath. It operates the world’s most popular operating system in Android, developed some of the crucial technological innovations behind artificial intelligence, and runs a colossal cloud computing service. Only among this jumble

13:59 Breakingviews - China property tycoons become creditors’ labourers

Chinese developers are taking their restructuring efforts to the next level by preparing to cede de-facto control to their creditors. It signals a fresh chapter for the property market in the world's second-largest economy.

13:11 AT&T leans on bundled plans to beat estimates for subscriber additions

AT&T beat Wall Street estimates for wireless subscriber additions in the first quarter on Wednesday, driven by steady demand for its plans that bundled high-speed fiber services and 5G mobile offerings.

09:17 China's President Xi says tariffs and trade wars hurt world economic order

Chinese President Xi Jinping said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the multilateral trading system and impact the world economic order, the official Xinhua news agency reported.

08:17 Yale University explores sale of private equity fund interests

Yale University said on Tuesday it was exploring a sale of private equity fund interests and was being advised by investment banking firm Evercore.

07:41 Trade war and safety concerns take centre stage at Shanghai auto show

China's annual major auto shows have become a showcase for the rise of ever-cheaper, better-performing electric vehicles and more confident local brands in the world's biggest market for cars.

06:48 Meta’s oversight board rebukes company over policy overhaul

Meta Platforms’ Oversight Board on Wednesday sharply rebuked the Facebook and Instagram owner over a policy overhaul in January that cut fact-checking and eased curbs on discussions of contentious topics such as immigration and gender identity.

04:21 Woodside's shares gain as first-quarter revenue fuels up, beating expectations

Shares of Australia's Woodside Energy were up nearly 4% on Wednesday after the gas producer posted first-quarter revenue above estimates.

03:43 Musk says Tesla's Optimus humanoid robots affected by China's export curbs on rare earths

Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China's export restrictions of rare earth magnets.

01:33 US to phase out many synthetic food dyes, Kennedy and FDA head say

Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said on Tuesday that the agency plans to remove petroleum-based synthetic food dyes from the U.S. food supply by revoking authorizations of some and working with industry to voluntarily remove others.

01:33 Tesla CEO Elon Musk dreams big but often delivers late

Tesla CEO and billionaire entrepreneur Elon Musk has a long history of making ambitious promises and often delivering late. Many of his biggest ideas are still in the works.

23:51 Elliott wants BP to boost free cash flow to $20 billion by 2027, source says

Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday.

23:51 Bank of America's shareholders OK executive compensations, elect directors

Bank of America shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and the lender's top executives, and also elected its 14 directors on the board.

23:42 Capital One's first-quarter profit rises on higher interest income

Capital One Financial reported a rise in first-quarter profit on Tuesday, as the consumer lender was helped by a higher income from interest payments on its credit card debt.

23:42 German software maker SAP beats operating profit estimates for first quarter

German software maker SAP on Tuesday reported an adjusted operating profit of 2.5 billion euros ($2.86 billion) for the first quarter of the year that came in above analysts' estimates.

23:42 Baker Hughes beats first-quarter profit on strong demand for natural gas technology

U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for first-quarter profit on Tuesday, helped by robust demand for natural gas technology.

22:57 Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion

Canada's Barrick Gold said on Tuesday it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion.

22:56 FX firm Argentex shares suspended after volatility-induced margin calls

Shares of British currency risk management company Argentex were suspended from trading on Tuesday after the company said its liquidity had significantly worsened due to the sharp fall in the U.S. dollar.

22:56 Tesla's first-quarter auto margin beats estimates, but revenue misses

Tesla reported better-than-expected profitability for its auto business in the first quarter but revenue fell short of expectations as sales of its electric vehicles dropped.

21:54 Democratic state treasurers raise concerns over Musk's lack of focus on Tesla

Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk's lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment.

21:54 CBS News' '60 Minutes' producer Bill Owens to step down

Bill Owens, the long-time executive producer of CBS News' "60 Minutes", is stepping down due to concerns about editorial independence, according to an internal memo seen by Reuters on Tuesday.

21:53 Breakingviews - Crafty CEOs peek around tariff corners

There are many reasons to dump U.S. stocks, but even in bad markets there are good opportunities. In these trade-ravaged times, some companies have positioned themselves, relatively speaking, to ride out the turmoil, for a while at least.

19:26 Norwich sack Thorup and name Wilshere as interim coach

Norwich City have sacked Danish manager Johannes Hoff Thorup following a poor run of results and appointed his assistant and former England midfielder Jack Wilshere as interim coach until the end of the season, the Championship club said on Tuesday.

22/04 Brazil's would-be cocoa king aims to revolutionize industry with giant farm

In the Brazilian state of Bahia, farmer Moises Schmidt is developing the world's largest cocoa farm.

22/04 Breakingviews - Macquarie gives masterclass in following the money

So much for sacred cows. Often, companies are tempted to hold on to an underperforming operation because the boss was instrumental in either creating it or building it. Such sentimentality has little place at Macquarie . Boss Shemara Wikramanayake helped start and later expand the Australian financial powerhouse's money management business. In a refreshingly dispassionate move, she's now selling t

22/04 In Dubai's Gold Souk, bullion's record run brings little joy for jewellers

In the bustling Gold Souk in Dubai, dubbed the "City of Gold", 22-karat gold jewellery is a traditional favourite for weddings, religious celebrations, and as a family investment.

22/04 Helvetia and Baloise to merge, creating Switzerland's second-biggest insurance group

Helvetia and Baloise said on Tuesday that they plan to merge, creating Switzerland's second-largest insurance group with a combined market share of about 20%.

22/04 Breakingviews - Why a defence boss could boost Europe’s revival

How to spend 640 billion euros? That’s the amount that European governments, including Britain, would pour each year into their militaries if they make good on their stated intention to beef up defence spending to 3% of GDP. Finding the money is the immediate challenge, given weak growth and heavy debt loads in many countries. A longer-term task is making sure that all the extra investment follows

22/04 The theory and practice of Trump’s economic policy: podcast

The president’s tariffs have wreaked havoc in financial markets. Beneath the short-term turmoil, though, are more fundamental woes. In this episode of The Big View podcast, Edward Chancellor describes how the US became a bubble economy, and why deflating it is so dangerous.

22/04 Explainer: What's known about whether Trump can fire Powell from the Fed

President Donald Trump on Monday kept up his verbal assault on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates, rattling financial markets growing ever more fearful that Trump may ultimately try to fire the U.S. central bank chief over the matter.

22/04 China's Nio delays Europe launch of Firefly EV to third quarter

China's Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region.

22/04 Exclusive: LG, Samsung sue Indian government over electronic-waste pricing policy

South Korea's LG and Samsung have sued India's government to quash a policy which increases payouts to electronic-waste recyclers, court filings show, joining other major companies in contesting the country's environmental rules citing business impact.

22/04 Advisory firms Baker Tilly and Moss Adams set to merge in $7 billion deal

Baker Tilly said on Monday that it will merge with Seattle's Moss Adams in a $7 billion deal that will create the sixth-largest advisory CPA firm in the United States.

22/04 US FDA suspends milk quality tests amid workforce cuts

The Food and Drug Administration is suspending a quality control program for testing of fluid milk and other dairy products due to reduced capacity in its food safety and nutrition division, according to an internal email seen by Reuters.

22/04 Chipotle plans Mexican foray with first outlet in 2026

Chipotle Mexican Grill is expanding internationally with a location in Mexico that is set to open early next year, it said on Monday, bringing its tacos and burritos to the region for the first time.

21/04 US Education Department to resume collecting student loans in default from May 5

The U.S. Department of Education said on Monday it will resume collecting federal student repayments from borrowers in default from May 5 after a pause of more than five years.

21/04 Shopify must face data privacy lawsuit in US

A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify , a decision that could make it easier for American courts to assert jurisdiction over internet-based platforms.

21/04 Breakingviews - US markets’ crisis point hinges on a triple threat

A selloff in U.S. stocks, long-term government bonds and the dollar clearly traces back to policy choices by President Donald Trump's administration. Recent moves spawn a trio of worries: first, that a trade war will hit business and destabilize the United States' role in the world; second, that a $4.5 trillion tax cut plan could explode an already-historic fiscal deficit; and, finally, that press

21/04 FTC accuses Uber of misleading subscribers

The U.S. Federal Trade Commission on Monday sued Uber Technologies , accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service.

21/04 China's CATL launches new sodium-ion battery brand

China's CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars.

21/04 GameStop CEO must face Bed Bath & Beyond lawsuit

Ryan Cohen, the billionaire chief executive of GameStop , must face a lawsuit by the company once known as Bed Bath & Beyond to recoup $47.2 million of profit from trading its stock before the home goods retailer went bankrupt.

21/04 Malaysia Airlines eyes new Boeing jets should China reject them

Malaysia Airlines' parent company, Malaysia Aviation Group, is talking to Boeing about acquiring new jets that become available if Chinese airlines stop taking deliveries, its managing director told Malaysian state news outlet Bernama.

21/04 Exclusive: Huawei readies new AI chip for mass shipment as China seeks Nvidia alternatives, sources say

Huawei Technologies (HWT.UL) plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese customers as early as next month, two people familiar with the matter said.

21/04 Nintendo faces trade war test with Switch 2 launch

Nintendo's Switch became a source of much-needed escapism during pandemic restrictions. Now, the Japanese video game company faces the harsh reality of a brutal trade war as it launches its successor device.

21/04 At China auto show, EV makers to grapple with autonomous-tech crackdown, launch Tesla 'killers'

More than 70 Chinese and international automotive brands will showcase more than 100 new or refreshed models at the Shanghai auto show this week, intensifying already cutthroat competition in the world's premier market for electric vehicles and hybrids.

21/04 Vietnam central bank preparing restructuring plan for troubled lender SCB

Vietnam's central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank, the lender at the centre of the country's biggest financial fraud on record, local media reported.

19/04 Bankers get creative to sign M&A deals in Trump's trade war

Deal sweeteners and clauses protecting against slumping markets abound.

19/04 Wall St Week Ahead Busy US earnings week confronts market grappling with tariff fallout

A heavy slate of U.S. company results in the coming week will test a stock market shaken by a U.S. trade policy overhaul that upended the outlook for the global economy and corporate America.

18/04 Tesla settles Black employee's lawsuit alleging pervasive harassment

Tesla has settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying "welcome to the plantation" or "welcome to the slave house."

18/04 Exclusive: Tesla to delay US launch of affordable EV, a lower-cost Model Y, sources say

Tesla's much-awaited plans for an affordable car include a stripped-down version of its best-selling electric SUV, the Model Y, that will be made in the United States, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.

18/04 Exclusive: Toyota weighs adding US production of new RAV4 in response to tariffs, sources say

Toyota is considering producing the next version of its top-selling RAV4 SUV in the United States, three people familiar with the matter said, becoming the latest automaker to rethink supply chains to lessen the hit from U.S. tariffs on imported vehicles.

18/04 Exclusive: India plans to ease nuclear liability laws to attract foreign firms, sources say

India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.

18/04 US Senator Van Hollen says he met wrongly deported man in El Salvador

Democratic U.S. Senator Chris Van Hollen said on Thursday he met Kilmar Abrego Garcia, a man wrongly deported to El Salvador by the administration of Republican President Donald Trump.

18/04 Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice

U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.

18/04 Exclusive: Intel CEO Lip-Bu Tan streamlines leadership team, names new technology chief, memo says

Intel's new CEO, Lip-Bu Tan, is streamlining the semiconductor giant's leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters.

18/04 Mangione faces federal charges, death penalty in UnitedHealth executive's killing

A federal grand jury has indicted Luigi Mangione, who is accused of murdering a UnitedHealth Group executive in New York last year, allowing prosecutors to seek the death penalty in his case, according to court filings on Thursday.

18/04 EU Commission faces complaint over easing of sustainability rules

Climate and human rights campaigners filed a complaint against the European Commission on Friday, accusing the EU executive of weakening sustainability laws without first consulting the public about the changes or assessing their impact.

18/04 Ford recalls more than 148,000 vehicles, NHTSA says

Ford Motor is recalling more than 148,000 vehicles in the United States as part of two recalls, the National Highway Traffic Safety Administration said on Thursday.

18/04 Tesla speeds up odometers to avoid warranty repairs, US lawsuit claims

Tesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk's company from having to pay for repairs.

18/04 LVMH's Arnault lashes out at Brussels over US trade tensions

European governments urgently need to ease tensions with the United States over President Donald Trump's tariffs, LVMH CEO Bernard Arnault said on Thursday, adding it would be "Brussels' fault" if no solution is found.

17/04 Explainer: What does ruling on Google's illegal ad tech monopoly mean?

A U.S. judge's ruling that Google has illegal monopolies in ad technology sets up the possibility of U.S. prosecutors seeking a breakup. Here's what the case involves and what Google owner Alphabet faces from here.

17/04 US FDA suspends food safety quality checks after staff cuts

The Food and Drug Administration is suspending a quality control program for its food testing laboratories as a result of staff cuts at the Department of Health and Human Services, according to an internal email seen by Reuters.

17/04 Trump order to halt NY wind project stuns offshore industry, threatens other projects

The Trump administration's decision to halt construction of Equinor's Empire Wind 1 farm off the coast of New York late on Wednesday sent shockwaves through the offshore wind industry, raising concerns that fully-permitted developments representing billions in investment are not safe.

17/04 Netflix quarterly results beat Wall St targets, revenue outlook upbeat

Netflix exceeded Wall Street expectations for quarterly results and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump's erratic tariff plans.

17/04 US airlines struggle to forecast their business in worsening economic fog

President Donald Trump's trade war has created the biggest uncertainty for U.S. airlines since the COVID pandemic.

17/04 Lockheed Martin CFO Malave departs, insider Scott takes over

Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott as his successor, effective immediately.

17/04 Breakingviews - Defiance of US Supreme Court is tricky to price

Beyond advantages in geography, resources and demographics, the United States’ economic might depends upon the predictable rule of law. Key to its function is the co-equal status of the executive branch, legislature and judiciary. By flouting a unanimous Supreme Court ruling that it return a wrongfully deported man, U.S. President Donald Trump’s administration threatens that framework. If this pus

17/04 Spirit Airlines names new CEO after emerging from bankruptcy

Spirit Airlines on Thursday appointed Dave Davis as its new chief executive officer, weeks after the U.S. discount carrier emerged from bankruptcy and reconstituted its board.

17/04 US judge finds Google holds illegal online ad tech monopolies

Alphabet's Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S.

17/04 UnitedHealth shares tank after earnings miss, forecast cut as medical care costs soar

UnitedHealth Group surprised investors with what its CEO said was an "unusual and unacceptable" quarterly earnings miss, and it lowered its outlook for the full year due to higher-than-expected medical costs, sparking a 17% selloff in shares that reverberated across the sector.

17/04 Russian barriers to re-entry stymie prospects of Western companies' return

Three months after U.S. President Donald Trump returned to the White House promising a swift end to the conflict in Ukraine and sparking an early flurry of excitement that Western companies could come flooding back to Russia, realism has set in.

17/04 Breakingviews - Barclays’ Brookfield schmuck insurance may flop

Barclays has constructed an elaborate schmuck-insurance policy as part of its plan to possibly hive off its payments business. On Thursday, the 40-billion-pound UK bank announced a deal that could give Brookfield Asset Management 10% of the division in return for the private-capital group's help in growing the unit, as well as the chance to buy 70% more at a yet-to-be-decided valuation in three to

17/04 Breakingviews - Buyout barons are finance now, for good and ill

Private equity is supposed to be patient when public markets panic. Yet for shareholders in Blackstone , KKR , Apollo Global Management and Carlyle , it’s proving hard not to get swept up. The buyout barons, now self-styled as alternative asset managers, claim to represent a new and in many ways superior answer to traditional financial business models. The stock market, though, hasn’t reflected th

17/04 LVMH shareholders agree Bernard Arnault can remain CEO until he is 85

LVMH shareholders on Thursday voted to allow Bernard Arnault, 76, to remain at the helm of the world's largest luxury group until he's 85.

17/04 Trump takes fight with AP over White House access to US appeals court

President Donald Trump’s administration will ask a U.S. federal appeals court on Thursday to pause a judge’s ruling lifting access restrictions the White House imposed on the Associated Press for referring to the Gulf of Mexico in its coverage.

17/04 United Airlines banks on premium, international travel to ease trade war gloom

United Airlines said on Wednesday it expects its financial performance to remain resilient despite economic uncertainty stemming from new tariffs, citing demand for high-margin premium offerings and international travel.

17/04 Jonathan Anderson will create June collection for Dior Men's Fashion, LVMH CEO says

Jonathan Anderson will create the June collection for Dior Men's Fashion, LVMH CEO Bernard Arnault said on Thursday at the group's annual meeting with shareholders.

17/04 Exclusive: Musk's SpaceX is frontrunner to build Trump's Golden Dome missile shield

Elon Musk's SpaceX and two partners have emerged as frontrunners to win a crucial part of President Donald Trump's "Golden Dome" missile defense shield, six people familiar with the matter said.

17/04 BP leadership faces shareholder vote amid Elliott campaign, climate ire

BP's board is up for re-election at its annual general meeting on Thursday as the group faces activist shareholder Elliott Management and climate-focused investors who have called for a vote against Chairman Helge Lund.

17/04 Pernod's sales miss forecasts as tariffs weigh on spirits sector

Pernod Ricard reported a 3% decline in third-quarter sales on Thursday, missing forecasts as tariff uncertainty rocks the already-struggling spirits sector.

17/04 Hermes will raise U.S. prices to fully offset Trump's tariffs, company says

France's Hermes will fully shift the burden of tariffs in the United States to its wealthy clientele, the company said on Thursday, as it posted first-quarter sales that slightly missed market expectations.

17/04 TSMC quarterly profit jumps, upbeat on outlook despite tariff uncertainty

Taiwan's TSMC , the world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.

17/04 Forvia on track to mitigate full exposure to US tariffs, CEO says

Forvia has so far mitigated about 50% of its estimated exposure to U.S. tariffs and is on track to cover the rest, the French automotive supplier's CEO Martin Fischer said in a call on Thursday.

17/04 Breakingviews - How Trump’s tariff turmoil scarred global markets: podcast

Stocks and government bonds have steadied following dramatic falls triggered by the US president’s trade war. But the policy may yet do lasting damage. In this Viewsroom podcast, Breakingviews columnists examine the possible long-term effects on US Treasuries and the dollar.

17/04 Breakingviews - China’s US bond holdings are going nowhere fast

With China and the United States engaged in a full-on trade war, anxious investors are asking which side can press its financial advantage given Beijing's vast holdings of U.S. Treasuries. In truth the situation is more of a fraught equilibrium both sides have an interest in maintaining.

17/04 Breakingviews - Tariffs gone wild yield unbridled earnings outlook

For corporate bean counters, foolish consistency may prove the hobgoblin of little minds. President Donald Trump’s on-again-off-again, tit-for-tat tariff agenda is causing havoc in the C-suite as companies struggle to both evaluate and communicate the damage to the bottom line. With so much up in the air, though, they can probably relax: from Walmart to Delta Air Lines , the ordinarily delicate sc

16/04 Exclusive: US consumer safety agency to stop collecting swaths of data after CDC cuts

The U.S. consumer product safety agency will stop collecting data on injuries from incidents like car accidents and adverse drug effects due to staff cuts at the CDC, according to an agency email seen by Reuters and a source familiar with the situation.

16/04 Ex-CISA chief Chris Krebs leaving SentinelOne following Trump pressure

Christopher Krebs, whom President Donald Trump fired as head of the Cybersecurity and Infrastructure Security Agency in 2020, said on Wednesday he is leaving cybersecurity company SentinelOne following pressure from Trump.

16/04 California sues Trump administration to block tariffs

California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.

16/04 Meta trial: 5 key moments from Zuckerberg's testimony

Meta Platforms CEO Mark Zuckerberg testified this week at a high-stakes trial in Washington where the U.S. Federal Trade Commission is seeking to unwind Meta's acquisitions of prized assets Instagram and WhatsApp.

16/04 Breakingviews - ASML holds up lens to chip sector’s known unknowns

ASML’s lithography machines are renowned for their unmatched precision in manufacturing semiconductors. The $260 billion company’s first-quarter results offer a similarly precise reflection of the deep uncertainty facing the global chip industry as it grapples with U.S. tariffs.

16/04 Ferrari prepared for years for its first EV, chairman says

Ferrari has been preparing for years for electrification, starting with Formula One powertrains, as it nears the launch of its first fully electric (EV) model in October, Chairman John Elkann said on Wednesday.

16/04 Exclusive: Nvidia kept some China customers in the dark about new US chip clampdown, sources say

Nvidia did not warn at least some major customers in advance about new U.S. export rules.

16/04 Britain's audit watchdog probes EY over Post Office scandal

Britain's Financial Reporting Council has opened an investigation into EY over its audit of Post Office Limited, it said on Wednesday, amid the lingering fallout from one of the country's worst miscarriages of justice.

16/04 ASML says tariffs cloud outlook for 2025 and 2026

ASML , the world's biggest supplier of computer chip-making equipment, said on Wednesday that tariffs were increasing uncertainty for its outlook for 2025 and 2026.

16/04 India offers cheap loans for arms, targeting Russia's traditional customers

Prime Minister Narendra Modi's bid to transform India into a global factory floor has produced billions of dollars of low-cost iPhones and pharmaceuticals. Now he hopes to add missiles, helicopters and battleships to the shopping carts of foreign governments.

16/04 Chinese exporters on Rednote ask local consumers to buy goods meant for US

Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid U.S. tariffs.

16/04 Breakingviews - US-China decoupling is crossing a Rubicon

Decoupling is no longer just a political slogan. For the past decade, American administrations have tempered their references to China as an adversary by also talking up how the Asian country could be a potential partner. That optimism is largely gone. President Donald Trump's punitive sweeping tariffs on U.S. imports of Chinese goods obliterates the "small yard, high fence" approach of his predec

16/04 California attorney general declines to join Musk's lawsuit against OpenAI

The California attorney general's office declined to join a lawsuit by Elon Musk against OpenAI, the agency wrote in a letter made public on Tuesday, saying that the office did not see how Musk's action serves the public interest of the state.

16/04 Figma confidentially files for much awaited US IPO after $20 billion Adobe deal collapse

Cloud-based designer platform Figma on Tuesday confidentially filed for an initial public offering in the United States, more than a year after a $20 billion deal to be acquired by Adobe was shelved due to regulatory roadblocks.

16/04 Forever 21 creditors face large losses under bankruptcy plan

Suppliers, vendors and other unsecured creditors of Forever 21 are "getting smoked" under a restructuring plan that envisions paltry recoveries on debts owed by the bankrupt fast fashion retailer, a lawyer for the company's unsecured creditors said on Tuesday.

16/04 Nvidia faces $5.5 billion charge as US restricts chip sales to China

Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government said it would require licenses for exports to China of its H20 artificial intelligence chip, which has been one of its most popular chips.

15/04 Labor board firings would leave Federal Reserve vulnerable, lawyers say

President Donald Trump's firing of Democrats from two federal labor boards leaves the independence of the U.S. Federal Reserve vulnerable should his actions be allowed to stand, lawyers for the two fired individuals wrote on Tuesday in asking the Supreme Court to reject the Trump administration's case.

15/04 United Airlines warns of profit risks if US economy falters

United Airlines forecast lower-than-expected profit for the current quarter on Tuesday and warned of downside risks to its full-year outlook if the U.S. economy slips into a recession.

15/04 New US Justice Department policy cracks down on social media posts

President Donald Trump's administration has ordered U.S. Justice Department employees not to post anything on social media related to their government work, after a wave of new political appointees took to cheering Trump and castigating his opponents online.

15/04 KKR nears acquisition of German IT services firm Datagroup, sources say

Private equity firm KKR is close to acquiring Frankfurt-listed IT services provider Datagroup , people familiar with the matter told Reuters on Tuesday.

15/04 US banks flag risks to consumer spending from tariff uncertainty

U.S. consumer spending has benefited from strong wage growth and low unemployment so far, but it faces huge risks if the upheaval sparked by President Donald Trump's trade policy persists, bank executives warned.

15/04 Former US labor officials urge contractors to stand firm on DEI

A group of former U.S. Department of Labor officials has urged federal contractors to maintain their corporate diversity policies in the face of legal threats by the Trump administration, a letter seen exclusively by Reuters showed.

15/04 At US antitrust trial, Meta's Zuckerberg admits he bought Instagram because it was 'better'

Meta CEO Mark Zuckerberg made a key concession at a U.S. antitrust trial on Tuesday, saying he bought Instagram because it had a "better" camera than the one his company was trying to build for flagship app Facebook at the time.

15/04 Elliott builds $1.5-billion stake in Hewlett Packard Enterprise

Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise , a person familiar with the matter said on Tuesday.

15/04 Breakingviews - Breakingviews: Harvard aces poli-sci but sweats MBA basics

Harvard University seems to be struggling with basic finance. The Ivy League institution, whose graduates populate boardrooms and investment giants, is scrambling to borrow $750 million as the Trump administration freezes some $2 billion of taxpayer money earmarked for the college. This crisis provides an opportunity for many schools to brush up on their funding models.

15/04 Judge scraps US rule capping credit card late fees at $8

A federal judge on Tuesday threw out a U.S. Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule adopted during President Joe Biden's administration was illegal.

15/04 Law firm Susman Godfrey asks judge to block Trump executive order

A judge in Washington is set to hear arguments on Tuesday afternoon in the latest legal clash over President Donald Trump's punitive executive orders against major law firms.

15/04 J&J earnings beat estimates on strong cancer drug sales

Johnson & Johnson reported first-quarter revenue and profit above Wall Street estimates on Tuesday, driven by strong cancer drug sales, and provided its first forecast that accounts for trade tariffs imposed by U.S. President Donald Trump.

15/04 Citigroup profit soars as stock trading jumps 23%

Citigroup's profit surged in the first quarter as its traders reaped a windfall from volatile markets that fueled client activity.

15/04 Andrew Tate faces UK civil trial in 2027 over abuse, coercive control allegations

Andrew Tate, an internet personality and self-described misogynist, faces a 2027 trial in four women's civil lawsuits for alleged physical and sexual abuse, in a case their lawyers say is the first of its kind in Britain about allegations of coercive control.

15/04 Harvey Weinstein faces new sex crimes trial in New York

Harvey Weinstein is set to stand trial on rape and sexual assault charges in Manhattan on Tuesday, a year after a state appeals court overturned the former movie mogul's 2020 conviction.

15/04 Bank of America's first-quarter profit rises on trading strength

Bank of America's profit rose in the first quarter, as market volatility boosted its trading fees, lifting the shares of the bank up 1.9% before the open.

15/04 LVMH shares slump after luxury giant's Q1 sales miss forecast

LVMH shares sank on Tuesday after the world's largest luxury group posted first quarter revenue that undershot expectations as U.S. shoppers curtailed the purchase of beauty products and cognac while sales in China remained weak.

15/04 Breakingviews - Small countries sit at nexus of tariff trade-offs

Among the many absurdities of Donald Trump's global trade war is the inclusion of Singapore and Australia on his naughty list. The U.S. President slapped the 10% baseline tariff, which will apply to nearly all countries, on both with very little justification.

15/04 Breakingviews - LVMH’s opaque succession merits investor discount

Bernard Arnault has no succession plan, and no apparent intention of unveiling one soon. Indeed, the 76-year-old chairman and CEO of LVMH could spend another decade at the helm of the $300 billion French luxury giant. Shareholders will this week vote on whether to raise the age limit for both roles to 85. While Arnault’s age is not necessarily a problem for investors, the lack of clarity about who

15/04 Italy court allows class action against Stellantis over faulty airbags

A civil court in Turin, Italy, has ruled admissible a class action suit against Stellantis concerning potentially faulty airbags made by Japanese automotive parts company Takata, Stellantis and two consumer groups behind the legal action said on Monday.

15/04 Exclusive: Nissan to cut Japanese production of top-selling US model due to tariffs, source says

Nissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs.

15/04 What could knock King Dollar off its throne: podcast

The world’s dominant currency has survived devaluation, inflation, war, and many crises. US President Donald Trump’s return raises new doubts. In this episode of The Big View podcast, Paul Blustein talks about the secrets of the greenback’s success – and what could end its reign.

15/04 Morning Bid: Taxes and tariffs on the mind as relief rally limps along

A look at the day ahead in European and global markets from Rocky Swift

15/04 China's murky bankruptcies expose hazards for foreign investors

Gaps in enforcement of China's insolvency laws can leave creditors vulnerable to opaque dealings and malicious bankruptcy filings by firms seeking to evade payment obligations.

15/04 ADM halting domestic trading in China, cutting jobs in Shanghai

Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said on Monday.

15/04 Judge orders Bank of America to pay $540 million in FDIC lawsuit

A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what it owed for deposit insurance.

15/04 Jamie Dimon sells about $31.5 million worth of JPMorgan shares

JPMorgan Chase & Co CEO Jamie Dimon has sold about $31.5 million worth of the bank's shares, according to a regulatory filing.

15/04 IRS chief information officer announces resignation on eve of tax-filing day

The chief information officer at the Internal Revenue Service said he would resign, according to an email sent to staff and seen by Reuters on Monday, the day before the April 15 tax-filing deadline for most U.S. taxpayers.

15/04 US congressional watchdog to probe changes at the SEC, letter says

The U.S. Government Accountability Office plans to scrutinize changes at the U.S. Securities and Exchange Commission, including any led by the White House or Elon Musk's Department of Government Efficiency, according to a letter sent to Democratic lawmakers on Capitol Hill.

14/04 LVMH misses sales forecast as core business slumps in first quarter

LVMH's first-quarter revenue undershot expectations, as shoppers in the United States pulled back on beauty products and drinks while sales in China stayed weak, the world's largest luxury group said on Monday.

14/04 Breakingviews - Wall Street homilies are no match for trade chaos

The market wreckage strewn by President Donald Trump’s trade war is uniquely driven by minute-by-minute policy whims. A trader riding out the tempest might look to the simple aphorisms passed down as time-tested investment wisdom for guidance. With trillions of dollars resting on as little as social-media posts, that would be a mistake.

14/04 Novo Nordisk warns consumers about counterfeit versions of Ozempic in US

Danish drugmaker Novo Nordisk said on Monday several hundred counterfeit units of its diabetes drug Ozempic were being distributed outside its authorized supply chain in the United States.

14/04 Breakingviews - Time for the rest of the West to club together

The rest of the West can no longer rely on the United States. The European Union, Japan, Britain, Canada and others need to reduce their dependency on Washington while not becoming reliant on China. That means weaning themselves off the dollar, boosting cooperation in trade and defence, and reaching out to emerging economies such as India.

14/04 Breakingviews - Breakingviews: Tariff chaos leaves its mark on US debt costs

It’s too soon to tell whether the recent selloff in U.S. government debt reflects an exodus of overseas investors. Yet there are early signs that something is afoot. The sheer scale of possible future moves makes it a scenario that investors – and Uncle Sam – must contemplate.

14/04 Goldman Sachs profit jumps as traders cash in on volatile markets

Goldman Sachs' profit rose 15% in the first quarter, fueled by stock traders who capitalized on volatile markets to bring in record equities revenue, but its CEO warned of a difficult environment ahead.

14/04 Most CEOs were doubting their boards even before Trump's tariff turmoil, survey finds

Even before U.S. President Donald Trump's tariffs threw markets and companies into turmoil, global CEOs were already unhappy with the support they were getting from their boards of directors in navigating uncertainty, a survey showed on Monday.

14/04 Intel to sell majority stake in Altera for $4.46 billion to fund revival effort

Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker.

14/04 Facebook owner Meta faces existential threat at trial over Instagram, WhatsApp

Facebook parent Meta Platforms faces a high-stakes trial in Washington starting on Monday on claims it built an illegal social media monopoly by spending billions of dollars to acquire Instagram and WhatsApp, in a case where U.S. antitrust enforcers seek to unwind the deals.

14/04 Breakingviews - Jamie Dimon’s actions say even more than his words

Jamie Dimon is characteristically carrying an umbrella while some of his peers bask in the sunshine. Despite unveiling healthy first-quarter financial results, JPMorgan’s boss warned on Friday of “considerable turbulence” in the economy and the mega-bank set aside $3.3 billion for potential quarterly loan losses. Wells Fargo fared well, too, but kept provisions flat. Past storms suggest that both

14/04 Bally's swooped for Star after Australian casino group's fire sale, chairman says

Bally's Corp considered waiting for Star Entertainment to enter voluntary administration before investing but feared the Australian casino group would have been too hard to rescue, the U.S gaming firm's chairman, Soo Kim, told Reuters.

14/04 Trump doubles down on keeping US Steel control in US hands

U.S. President Donald Trump on Sunday said he doesn't think a foreign company should control U.S. Steel , repeating comments made last week that dimmed hopes for a greenlight of a $14 billion bid by Japan's Nippon Steel to buy the U.S. firm.

14/04 Taiwan tech supply chain stocks bounce back after Trump tariff exemptions

Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China.

13/04 India's TCS says retail, travel clients more exposed to US tariff turmoil

Clients of India's Tata Consultancy Services in the retail, travel and automobile sectors are more exposed to fallout from U.S. tariffs and they may resort to cost-cutting if uncertainty persists, the company's CEO told Reuters.

13/04 US State Department says deported Maryland resident 'alive and secure' in El Salvador

A State Department court filing gave the update on Kilmar Abrego Garcia, who was sent to El Salvador on March 15 despite an order protecting him from deportation.

12/04 What Samsung and Vietnam stand to lose in Trump's tariff war

Samsung would face significant hit from US tariffs on Vietnam.

12/04 Volkswagen's Scania buys bankrupt Northvolt's heavy industry battery packs unit

Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.

12/04 Lower oil prices could sink Ecopetrol's full-year profits by $2.8 billion, president warns

Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday.

12/04 Group of ex-OpenAI employees back Musk's lawsuit to halt OpenAI restructure

A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk's lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial intelligence firm.

12/04 Exclusive: Alphabet, Nvidia invest in OpenAI co-founder Sutskever's SSI, source says

Alphabet and Nvidia have joined prominent venture capital investors to back Safe Superintelligence (SSI), a startup co-founded by OpenAI's former chief scientist Ilya Sutskever that has quickly risen to become one of the most valuable artificial intelligence startups months after its launch, a source familiar with the matter said.

11/04 Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN

Sweden's Volvo Cars , which is controlled by Chinese auto maker Geely (GEELY.UL), will need up to two years to expand its U.S. car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday.

11/04 Ten trading days that shook financial markets

The pain, said Shuntaro Takeuchi, was 10 out of 10.

11/04 Judge says it's 'extremely troubling' Trump administration cannot tell her location of deported man

A U.S. federal judge said on Friday it was "extremely troubling" that the Trump administration failed to comply with a court order to provide details on the status of a Maryland resident it illegally deported to El Salvador.

11/04 US Air Force Academy under Trump ends race consideration in admissions

The U.S. Air Force Academy will no longer consider race as a factor in admissions as the military school had long done to boost enrollment of Black, Hispanic and other minorities, U.S. President Donald Trump's administration said on Friday.

11/04 Spanish olive oil makers mull US investment, rush exports to avoid tariffs

One of Spain's leading olive oil producers is pondering an expansion into the U.S. in response to the tariff war unleashed by Washington, just as its peers are rushing out exports while the bulk of new tariffs are still on hold.

11/04 BlackRock assets hit record but Fink warns of market anxiety

BlackRock's assets increased to a record high value in the first quarter, but the CEO of the world's largest asset manager said anxiety was dominating markets, even if the recent selloff did not pose risks to financial stability.

11/04 US bank profits rise, but executives raise more tariff warnings

Profits at major U.S. banks beat forecasts in the first quarter as stock trading jumped, but executives warned on Friday that sweeping tariffs could fuel risks and weigh on economic growth.

11/04 German Birkenstocks, beer, and Riesling wine caught in US tariff crosshairs

In the Barbie movie, the iconic doll faces a pivotal decision: opt for her trademark but impractical sky-high stilettos or embrace the down-to-earth comfort of the quintessentially German Birkenstock sandal?

11/04 Breakingviews - Global trade morass calls for an aggressive ECB

Donald Trump’s erratic policy decisions give the European Central Bank a chance to stop equivocating over whether it should cut rates. The U.S. president on Wednesday delayed the full implementation of his “reciprocal” tariffs. Yet Europe will still be slapped with a 10% tax on U.S. exports, and the threat of a global slowdown remains. That calls for a strong response.

11/04 Wells Fargo beats profit estimates but CEO warns tariffs could slow growth

Wells Fargo's profit rose 6% in the first quarter as it collected more fees in wealth management and investment banking, but its CEO warned that U.S. tariffs risk slowing economic growth.

11/04 JPMorgan's profit jumps on record stock trading as CEO Dimon sees economic turbulence

JPMorgan Chase topped first-quarter profit estimates on Friday, driven by record equities trading and higher fees from debt underwriting and merger advisory.

11/04 Exclusive: Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say

Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States.

11/04 China warns Hong Kong's last major opposition party to disband, members say

Five senior members of Hong Kong's Democratic Party, the city's biggest and last remaining major opposition party, say Chinese officials or middlemen have warned the parties to disband or face serious consequences, including possible arrests.

11/04 BP warns of "weak" gas trading, higher debt in Q1

Energy group BP expects its first-quarter gas marketing and trading result to be "weak" while net debt will rise, the company said on Thursday, sending its shares down in early trading.

11/04 Exclusive: Shein gains UK approval for London IPO, awaits China nod, sources say

Online fast-fashion retailer Shein has secured approval from Britain's Financial Conduct Authority (FCA) for its planned initial public offering in London, according to two sources with knowledge of the matter.

11/04 Breakingviews - There’s no easy escape from the US bubble economy

Donald Trump has suspended U.S. tariffs above 10% on imports from countries other than China. Investors let out a collective sigh of relief. Still, the events of recent weeks show that the president is serious about pushing the interests of his political base at the expense of Wall Street. His administration is also promising to reduce the U.S. trade and fiscal deficits. Trump’s policies pose an e

11/04 Breakingviews - Fed chair nears second chance to channel his hero

Jerome Powell’s impressive soft landing only leads to more hard choices. The Federal Reserve chairman’s feat leading an effort to tame runaway U.S. inflation, which dipped to 2.4% as of March, without inducing a recession is in jeopardy of coming undone because of President Donald Trump’s trade war. Having channeled his hero Paul Volcker, who oversaw the central bank under Presidents Jimmy Carter

10/04 US ambassador to Ukraine stepping down, State Department says

U.S. Ambassador to Ukraine Bridget Brink is stepping down from her role, a State Department spokesperson said on Thursday, in a move that injects new uncertainty into the relationship between Washington and Kyiv.

10/04 Canadian exporters inquire on trade insurance as Trump's tariffs heighten risk

A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump's tariffs, insurers said.

10/04 Copper output from Chile's Codelco slips 6% in February

Copper production from Chilean state-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons.

10/04 Restarting coal plants after Trump's executive orders makes no economic sense, report says

U.S. President Donald Trump is advocating for increased coal production in the United States, however, reviving decommissioned coal plants to meet this goal makes "no economic sense", the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday.

10/04 Harley-Davidson board member resigns, cites 'grave concerns' about company

A Harley-Davidson director has resigned after expressing "grave concerns" about the current state of the company in a letter to the motorcycle maker's board.

10/04 Private credit secondary sales set to rise as market turmoil spurs hunt for cash

Investors are preparing to step up sales of their private credit holdings, as heightened market volatility unleashed by U.S. President Donald Trump's trade wars forces them to find new ways to raise cash, fund managers and executives say.

10/04 Trump tariff pause leaves CEOs asking: What happens in 90 days?

U.S. President Donald Trump's sudden about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

10/04 Fired US Federal Trade Commissioners concerned about DOGE data access

Elon Musk's government cost-cutting campaign at the U.S. Federal Trade Commission raises concern about exposure of confidential corporate data, say two Democratic commissioners at the agency who were fired last month by President Donald Trump.

10/04 Prada buys Versace to create Italian fashion powerhouse

Prada struck a deal on Thursday to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion.

10/04 Intel CEO Lip-Bu Tan's wide-ranging investments in China

The following are some key investments and their connections to Chinese state entities Lip-Bu Tan has made through Walden International, the San Francisco venture capital firm he founded in 1987, and two Hong Kong-based holding companies.

10/04 Intel CEO invested in hundreds of Chinese companies, some with military ties

Lip-Bu Tan, the man chosen to lead Intel, the U.S.'s largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army, according to a Reuters review of Chinese and U.S. corporate filings.

10/04 Wall Street's response to tariff shock: client calls and bonus worries

With markets crashing after U.S. President Donald Trump announced his latest tariffs, Citigroup’s banking head Viswas Raghavan called a global meeting of senior bankers on Monday and told them to get on the phone with their clients.

10/04 Trump was suspected of illegal enrichment on statements about tariffs

The market response to Trump's decision was fast: the stocks jumped more than 7% a few minutes after the announcement.

10/04 Uniqlo operator Fast Retailing's Q2 profit jumps 33%; raises forecast

The Japanese operator of Uniqlo on Thursday said earnings soared 33% in its second quarter and raised its full-year forecast even after accounting for the impact of U.S. tariffs on its global clothing enterprise.

10/04 Kering shares jump after reported talks for over $1.4 bln real estate sale in Milan

Kering shares jumped 10.8% in early Thursday trading after Italian newspaper Corriere della Sera reported that the luxury group was in talks to sell a building in Milan to a Qatari fund for more than 1.3 billion euros ($1.43 billion).

10/04 Breakingviews - US-China trade clash risks all-out financial war

In the end, Donald Trump both blinked and doubled down on tariffs. As the U.S. president announced a 90-day pause on “reciprocal” levies for most major trading partners on Wednesday, he also raised those on China from 104% to 125%. The upshot? The world’s two largest economies remain locked in a retaliatory standoff that torches $600 billion in bilateral trade and could yet spiral out of control.

10/04 Breakingviews - EU’s SpaceX rival demands more than financial fuel

European governments know they need a viable alternative to SpaceX. But it will take more than state largesse to build a rival to Elon Musk’s satellite behemoth. The continent’s space sector also requires supportive policy, new technologies and far greater ambition.

10/04 US tariff mania keeps everyone on edge: podcast

President Trump’s import-levies bonanza, however it evolves, is arbitrary enough to upend easy assumptions about how the White House, the Federal Reserve and American trade partners can or will proceed. In this week’s Viewsroom podcast, Breakingviews columnists gauge the fallout.

10/04 Trump's trade war: Prescription drugs become a target

U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients.

10/04 Wall Street bosses fear anti-American backlash as Trump's trade war intensifies

Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario, even formal restrictions.

10/04 OpenAI countersues Elon Musk, claims harassment

OpenAI countersued Elon Musk on Wednesday, citing a pattern of harassment by Musk and asking a federal judge to stop Musk from any "further unlawful and unfair action" against OpenAI in a court case over the future structure of the firm that helped launch the AI revolution.

10/04 Breakingviews - Breakingviews: Trump’s tariff retreat leaves lasting US scars

Americans have been celebrating their freedom from monarchical rule for nearly 250 years, but Liberation Day will not make it onto the 2026 calendar. President Donald Trump’s economic version of the Declaration of Independence ended on Wednesday afternoon, less than seven days after he unveiled it with great fanfare in the White House Rose Garden. He rolled back most of his reckless tariffs, spark

10/04 Trump says TikTok deal is still 'on the table'

President Donald Trump on Wednesday said a potential deal to spin off the U.S. assets of TikTok is still "on the table" days after it was put on hold.

09/04 US Postal Service seeks to hike stamp prices to 78 cents

The United States Postal Service said on Wednesday it wants to raise the price of first-class mail stamps to 78 cents from 73 cents effective July 13.

09/04 Exclusive: Kash Patel removed as acting ATF director, replaced by Army Secretary, sources say

FBI Director Kash Patel was removed as the Acting Director of the Bureau of Alcohol, Tobacco, Firearms and Explosives and replaced by U.S. Army Secretary Daniel Driscoll, seven people familiar with the matter said on Wednesday.

09/04 Breakingviews - Walmart’s happy face is hard to reflect back

Walmart CEO Doug McMillon is smiling, improbably, like the company’s yellow happy-face symbol. The $700 billion retailer clung to its annual financial forecasts despite rising U.S. tariffs and recession risks. The sheer number of unpredictable moving parts, however, blunts the reassurances.

09/04 Trump asks US Supreme Court to let him remove Democratic members from labor boards for now

Donald Trump's administration asked the U.S. Supreme Court on Wednesday to let him remove Democratic members from two federal labor boards while legal fights over the Republican president's dismissals of them play out.

09/04 Moon vs Mars: Trump's NASA pick faces tough questions on agency's future

President Donald Trump's nominee to lead NASA, entrepreneur Jared Isaacman, faced questions from senators on Wednesday about on how to balance Trump's focus on reaching Mars with the U.S. space agency's flagship moon program.

09/04 US producers face tough choices on growth, capital returns as oil falls below $60

A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share buybacks and capital expenditures, analysts have said.

09/04 Breakingviews - Big Pharma has partial immunity from Trump tariffs

The $1.7 trillion revenue prescription drug industry has a relatively robust immunity to tariffs. Last Wednesday, when U.S. President Donald Trump unveiled a raft of duties on countries and industries he held back on hitting pharmaceuticals. He followed up on Tuesday by saying he would soon announce a “major” tariff on pharmaceutical imports. But the industry’s complex supply chains and the risk o

09/04 Breakingviews - Chipmaking giants face triple tariff hit

Chipmakers will feel the heat of Donald Trump's tariff rampage. The exemption of semiconductors from the U.S. president's announced levies may not last. What's more, the blow to demand for phones and other consumer electronics will be painful for Taiwan Semiconductor Manufacturing , Samsung Electronics and peers. Surging costs also will disrupt their bold plans to set up factories in the U.S.

09/04 German coalition deal expected around midday, sources say

Germany's conservatives and the centre-left Social Democrats are on track to reach agreement on forming a coalition government around midday on Wednesday, people familiar with the negotiations told Reuters.

09/04 Explainer: What is PISCES and can it herald a UK capital markets revolution?

Britain's Financial Conduct Authority (FCA) has set out proposals for a new platform - The Private Intermittent Securities and Capital Exchange System (PISCES) - to enable trading of shares in private companies.

09/04 Banks to battle exchanges for fees on Britain's new private share trading platform

Britain's hopes of an equity capital market revival are weighing heavily on a secondary share trading platform that is sowing discord in the finance sector months before its launch.

09/04 US IRS chief quits after immigration data-sharing deal

The acting head of the Internal Revenue Service plans to resign, the Treasury Department said on Tuesday, a move that comes after the agency struck a controversial deal to share tax data on undocumented immigrants with federal agents.

09/04 After retrial, Hong Kong court jails social worker to nearly 4 years for rioting

A Hong Kong court sentenced a prominent social worker on Wednesday to 3 years and 9 months imprisonment for rioting during the city's 2019 pro-democracy protests, following a retrial.

09/04 Chinese brokerages promise market support, firms set buybacks as trade war intensifies

Top Chinese brokerages have pledged to help steady domestic share prices in a concerted effort, the Shanghai bourse said, and scores of listed companies unveiled stock buying plans, as the local market reels from an escalating trade war.

09/04 Bond rout starting to sound market alarm bells

U.S. Treasuries extended heavy losses on Wednesday in a sign investors are selling even their safest assets as a global market rout unleashed by U.S. tariffs takes an unnerving turn towards distress and a dash for the safety of cash.

09/04 In China, whispers of change as some companies tell staff to work less

A handful of major Chinese companies like home appliance maker Midea have new badges of honour this year: mandatory clock-off times for staff and bans on after-hours meetings.

09/04 South Korea announces emergency measures for auto industry hit by US tariffs

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.

09/04 Top FAA air traffic control official stepping down

The head of the Federal Aviation Administration's air traffic organization is stepping down after 40 years of federal government service, an agency spokesperson said on Tuesday.

08/04 Exclusive: Andreessen Horowitz seeks to raise $20 billion megafund amid global interest in US AI startups

Venture capital firm Andreessen Horowitz is seeking to raise about $20 billion in what will be the largest fund in its history, to capitalize on global investors' interest in backing U.S. artificial intelligence companies, sources told Reuters.

08/04 Breakingviews - Texas market bulls run into ferocious bear case

Everything keeps getting bigger in Texas. In a sign of anticipated corporate growth, the New York Stock Exchange and Nasdaq are galloping to Dallas to prevent a new local stock market from wrangling their customers. The city has ambitions of becoming a far more powerful commercial hub, but for now there’s less substance than swagger.

08/04 Breakingviews - Chipmaker crafts tricky recipe for chaos-era M&A

It’s encouraging for dealmakers that a multibillion-dollar transaction can get announced amid a global market meltdown and extreme economic uncertainty. What’s less reassuring is that the enabling factors in this case seem idiosyncratic.

08/04 Retail tycoon Philip Green loses human rights case against UK

British retail tycoon Philip Green on Tuesday lost a legal case against the United Kingdom over the use of parliamentary privilege, which was invoked to publicly name him in 2018 as facing allegations of sexual harassment.

08/04 Levi Strauss maintains annual forecast, shares surge more than 7%

Levi Strauss maintained on Monday its annual forecast for sales and profit, excluding the impact of tariffs, and posted quarterly profit ahead of Wall Street targets, sending its shares up more than 7% in after hours trade.

08/04 How the oil price plunge complicates Saudi Arabia's economic agenda

Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda to diversify its economy.

08/04 Trump to sign executive orders to boost coal industry, sources say

U.S. President Donald Trump will sign executive orders on Tuesday aimed at boosting the nation's coal industry, two sources familiar with the matter told Reuters.

08/04 Saudi's Ma'aden weighs foreign partner for minerals processing pact

Saudi Arabia's flagship mining company Ma'aden is considering choosing at least one of four foreign firms to form a rare earths processing partnership, three sources with knowledge of the matter said, as the kingdom bids to become a global critical minerals hub.

08/04 'It's like throwing darts blindfolded'; tariffs take toll on Chinese exporters

Chinese manufacturers of goods from tableware to flooring are flagging profit warnings, scrambling to plan new overseas plants or accelerate offshore projects, while haggling with customers over prices as they reel from President Donald Trump's tariffs.

08/04 Breakingviews - Markets’ tariff carnage can get much, much worse

The age-old warning to unsophisticated investors hungry to buy a dip: beware catching a falling knife. U.S. equity markets are collapsing, with the S&P 500 heading towards the 20% bear market decline threshold after notching its worst two consecutive trading days since March 2020. It might just be the start. As investors parse through the damage after President Donald Trump raised U.S. tariffs to

08/04 Breakingviews - China will struggle to deal with its overcapacity

China’s exports will be squashed by Donald Trump’s tariffs, regardless of whether the U.S. president hits them with an extra 50% levy as he threatened on Monday. The problem for Beijing is that consumers in the People's Republic will need a lot more government support to absorb some of the slack.

08/04 Market turmoil rewrites the lessons of investing: podcast

From the crisis of 2008 to the pandemic to Trump’s tariffs, governments and central banks have influenced asset prices. In this episode of The Big View podcast Mark Haefele, chief investment officer of UBS’s wealth management unit, talks about the stark message for investors.

08/04 China state firms vow to boost share purchases to calm markets

Several Chinese state holding companies vowed on Tuesday to increase share investment while a slew of listed companies announced share buybacks as Beijing stepped up efforts to stabilise a stock market rocked by U.S. tariff woes.

08/04 Samsung sees Q1 profit beating estimates as looming tariffs spur chip, phone sales

Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2% fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned about U.S. tariffs.

08/04 Senator Warner says new Trump TikTok extension may violate law

The top Democrat on the Senate Intelligence Committee said on Monday that President Donald Trump's decision to extend a deadline for China-based ByteDance to divest short video app TikTok's U.S. assets violates the law.

08/04 Harvard plans to borrow $750 million after federal funding threats

Harvard University plans to borrow $750 million from Wall Street as part of contingency preparations, it said on Monday, days after President Donald Trump's administration said it was reviewing $9 billion in federal grants and contracts in a crackdown on alleged antisemitism on college campuses.

07/04 Broadcom announces new $10 billion share buyback plan

Broadcom said on Monday it was launching a new share buyback program of up to $10 billion, set to run through the end of the year.

07/04 Trump orders fresh review of Nippon Steel's bid for US Steel

President Donald Trump on Monday directed a powerful U.S. national security panel to take a fresh look at Nippon Steel's bid for U.S. Steel to help determine if "further action" is appropriate, raising hopes for an elusive greenlight for the deal.

07/04 Nigerian court adjourns Binance, executives' tax evasion trial to April 30

A Nigerian court has adjourned a tax evasion case against Binance to April 30 to allow the local tax authority to respond to a request by the cryptocurrency exchange to annul an order for court documents to be served on it by email, a lawyer for Binance said on Monday.

07/04 Musk's DOGE team can access sensitive data for now, appeals court rules

A divided federal appeals court on Monday put on hold a preliminary injunction that had blocked the U.S. Office of Personnel Management and the Department of Education from turning over sensitive data toElon Muskand his Department of Government Efficiency.

07/04 Trump asks US Supreme Court to pause order to return man deported to El Salvador in error

President Donald Trump asked the U.S. Supreme Court on Monday to temporarily halt a judge's order requiring his administration to return by the end of the day a Salvadoran man who the government has acknowledged was erroneously deported to El Salvador.

07/04 US appeals court blocks Trump from removing Democrats from labor boards

A federal appeals court blocked U.S. President Donald Trump from removing Democratic members from two federal labor boards on Monday, setting aside its earlier ruling.

07/04 Spirit Airlines CEO steps down weeks after carrier exits bankruptcy

U.S. discount carrier Spirit Airlines said on Monday that CEO Ted Christie has stepped down with immediate effect as part of a shakeup, weeks after the company emerged from bankruptcy and reconstituted its board.

07/04 US House Republicans face divide as they look to move ahead on Trump tax cuts

Top Republicans in the U.S. House of Representatives plan to move forward this week on President Donald Trump's tax cuts, but their caucus is divided with some members concerned that there are insufficient spending cuts in the budget blueprint passed by the Senate.

07/04 US utilities grapple with Big Tech's massive power demands for data centers

U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country for viable locations for new data centers to keep up with the compute demands of AI.

07/04 European stocks' stellar start to 2025 snuffed out as tariffs cloud Q1 earnings

European equities' impressive start to 2025 has been obliterated in three sessions of heavy selling, while executives tot up the potential impact of U.S. tariffs on supply chains, possibly forcing them to ditch previous financial predictions.

07/04 Breakingviews - Trade war brinkmanship multiplies economic damage

The old geostrategic aphorism - “never get involved in a land war in Asia” - could be amended to include trade conflicts. U.S. President Donald Trump has ignored that advice, diving headlong into a contest with China, India and Vietnam, not to mention every other nation and sparsely inhabited island on earth, by imposing a range of tariffs on U.S. imports. While the United Kingdom and European Uni

07/04 Breakingviews - Yuan is strategic barometer for China post-tariffs

The first daily fix for the renminbi’s dollar trading band this week reveals much about China's thinking in the short-term about its trade relationship with the U.S. and the rest of the world, but Beijing's long-term strategic calculus is quickly coming into focus too.

07/04 Breakingviews - Now is the time for a bold new UK-EU relationship

Say goodbye to the old “special relationship” between Britain and the United States. Say hello to a new special relationship across the English Channel.

07/04 China's Duality Biotherapeutics tests market appetite with up to $200 million Hong Kong IPO

Chinese biotech firm Duality Biotherapeutics launched an initial public offering (IPO) of up to HK$1.56 billion ($200.7 million) on Monday in Hong Kong, testing investor appetite amid a global stock market rout.

07/04 Samsung Q1 profit to drop 21% on weak AI chip sales, foundry losses

Samsung Electronics is expected to forecast a 21% drop in the first quarter profit on Tuesday, hurt by sluggish sales of artificial intelligence chips and continued losses in its contract chip manufacturing business.

06/04 Prada to make a decision on Versace deal this week, source says

Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the negotiations enter a final phase.

05/04 Trump administration appoints junior officer to oversee US Foreign Service, sources say

A national security lawyer who entered the foreign service just four years ago will oversee the State Department's global workforce.

05/04 Foxconn reports record Q1 revenue, says it must closely watch global politics

Taiwan's Foxconn, the world's largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence products but said it would need to closely watch global politics.

05/04 US far-right activist raises loyalty test that could deepen purge of security agencies

While National Security Agency chief General Timothy Haugh apparently was not told why he was abruptly fired this week, a far-right activist who urged President Donald Trump to dismiss him offered one explanation: his alleged ties to retired Army general and Trump critic Mark Milley.

05/04 SpaceX, ULA, Blue Origin clinch $13.5 billion-dollar Pentagon launch contracts

Elon Musk's SpaceX, United Launch Alliance and Jeff Bezos' Blue Origin on Friday won U.S. Space Force rocket launch contracts worth a combined $13.5 billion through 2029 to send some of the Pentagon's most sensitive and complex satellites into space.

05/04 Berkshire dismisses 'false' reports on Buffett comments after Trump shares video

Berkshire Hathaway said on Friday that reports on social media regarding comments allegedly made by its chairman are "false," after Donald Trump's account on Truth Social shared a video suggesting that Warren Buffett endorsed the U.S. president's economic policies.

04/04 Exclusive: TikTok deal put on hold after China indicated it would reject deal over tariffs, say sources

A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President Donald Trump's reciprocal tariffs announcement, according to two sources familiar with the matter.

04/04 North Carolina judges open door to tossing 60,000 ballots in high court race

A North Carolina appeals court on Friday sided with a Republican candidate for a seat on the state's top court who is contesting the results of last November's election by finding that thousands of the ballots cast should not be counted unless voters can swiftly fix issues with their voter registration.

04/04 Tariff turmoil puts a freeze on global M&A dealmaking

From Wall Street to Israel and Sweden, U.S. President Donald Trump's new tariffs -- and the global equities sell-off they sparked -- have rapidly scuttled acquisitions and IPOs.

04/04 Meta can be sued in Kenya over posts related to Ethiopia violence, court rules

A Kenyan court has ruled that Facebook's parent company Meta can be sued in the East African country over its alleged role in promoting content that led to ethnic violence in neighbouring Ethiopia, a plaintiff in the case said.