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China's Xi calls for self sufficiency in AI development amid U.S. rivalry
Published: April 26, 2025 04:21
China's President Xi Jinping pledged "self-reliance and self-strengthening" to develop AI in China, state media reported on Saturday, as the country vies with the U.S. for supremacy in artificial intelligence, a key strategic area.
Nissan to end vehicle production at Wuhan plant-Yomiuri
Published: April 26, 2025 03:53
Nissan Motor will end vehicle production at its Wuhan plant in China during the current business year which ends March 31, 2026, the Yomiuri newspaper reported citing sources it did not identify.
Elon Musk's xAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports
Published: April 26, 2025 01:58
Elon Musk's xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.
Unilever says it didn't seek Ben & Jerry's CEO ouster, urges lawsuit be dismissed
Published: April 25, 2025 23:50
Unilever on Friday rejected the claim it tried to oust former Ben & Jerry's chief executive Dave Stever for supporting his company's progressive social activism, saying it offered him a bigger role and more pay but he chose to resign.
US and EU not close to deal on tariffs - EU's Dombrovskis
https://www.reuters.com/world/china/us-eu-not-close-deal-tariffs-eus-dombrovskis-2025-04-25/
Published: April 25, 2025 22:57
The United States and the European Union still need a lot of work to reach a deal that would prevent the imposition of tariffs on each other's goods, EU Economic Commissioner Valdis Dombrovskis said on Friday.
Loeb's Third Point builds stake in Band-Aid maker Kenvue
Published: April 25, 2025 22:16
Billionaire investor Daniel Loeb's hedge fund Third Point is building a stake in Kenvue , sources familiar with the matter said on Friday, as some investors are pushing for strategic changes at the consumer healthcare company.
World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization
Published: April 25, 2025 22:09
Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank's chief economist.
Starbucks union rejects company's recent offer of at least 2% annual pay raise
Published: April 25, 2025 21:19
Starbucks union delegates involved in contract bargaining voted to reject the coffee chain's latest proposal that guaranteed annual raises of at least 2%, Workers United said.
Nike sued over closure of crypto business
Published: April 25, 2025 21:03
Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets who said they suffered significant losses when the athletic wear company abruptly closed the business that created those assets.
JPMorgan survey shows consensus over weak dollar, US stagflation
https://www.reuters.com/business/global-markets-survey-2025-04-25/
Published: April 25, 2025 21:00
There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday.
Exclusive: Barrick Gold contractors in Mali lay off staff amid government dispute
Published: April 25, 2025 20:54
At least four subcontractors employing several hundred people at Barrick Gold's complex in Mali are laying off staff following a two-year dispute between the Canadian miner and the state, according to documents seen by Reuters and people familiar with the…
Former Fed governor Warsh blasts US central bank for leaving its lane
Published: April 25, 2025 20:35
Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on Friday unleashed a barrage of criticism of the Fed and argued for…
Fed survey finds global trade fight, policy uncertainty top financial stability risks
Published: April 25, 2025 20:06
Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday.
China criticizes US for 'recent abuse' of tariffs
https://www.reuters.com/world/china/china-criticizes-us-recent-abuse-tariffs-2025-04-25/
Published: April 25, 2025 19:23
China's central bank governor on Friday criticized the U.S. for threatening global financial stability with its "recent abuse" of tariffs, in the wake of recent moves seen by both sides as efforts to de-escalate their trade war.
US judge sets May 2 hearing to discuss remedies in Google digital ads lawsuit
Published: April 25, 2025 19:17
A U.S. judge has set a May 2 hearing to discuss remedies the U.S. Justice Department and a group of states might ask the court to impose on Google after it ruled the Alphabet unit illegally dominates two markets for online advertising technology.
Wall St Week Ahead Big tech earnings, US jobs data highlight busy week for markets
Published: April 25, 2025 19:13
A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the prospect of global trade developments threatens to cause volatility at any time.
California proposes to allow self-driving heavy-duty truck testing
Published: April 25, 2025 18:46
The California Department of Motor Vehicles said Friday it is proposing to allow testing of self-driving heavy-duty trucks and other large vehicles on state public roads.
'Extraordinary conflict of interest': Warren asks for SEC records of Trump Media's investment products
Published: April 25, 2025 17:45
Democratic Senator Elizabeth Warren asked the U.S. Securities regulator on Friday to share its plans for regulating exchange-traded funds due to be launched by a company founded and majority-owned by President Donald Trump.
Chilean miner Codelco's pre-tax profit tumbles on FX effects
Published: April 25, 2025 17:41
Chilean miner Codelco, the world's largest copper producer, on Friday reported a slight bump in production in the first quarter, though the boost was not enough to offset exchange-rate effects, which caused its profits to tumble.
UK's Deliveroo gets $3.6 billion buyout proposal from DoorDash
Published: April 25, 2025 17:28
British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion).
Yen, BOJ's rate policy may remain focus in Japan-US trade talks
Published: April 25, 2025 17:25
Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials' descriptions of the meeting suggests currencies and the Bank of Japan's interest rate policy may remain key factors in broader…
New US SEC chair says crypto sector deserves clear regulations
Published: April 25, 2025 17:20
The new head of the U.S. Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering "regulatory uncertainty" in prior years.
Amgen to expand Ohio biotech manufacturing plant
Published: April 25, 2025 17:12
Amgen on Friday announced a $900 million expansion of its Ohio biotech manufacturing facility, becoming the latest in a string of drugmakers pledging to increase U.S. capacity amid Trump administration threats of potential import tariffs.
EU will 'leave no stone unturned' to reduce trade-related uncertainty, Ireland's Donohue says
Published: April 25, 2025 16:15
The European Union will do all it can to engage with the U.S. on trade and reduce the massive uncertainty that is weighing down the global economy, Irish Finance Minister Paschal Donohoe said on Friday, underscoring unity among the bloc's members.
Brazil's Vale sees no material impacts from trade war so far
Published: April 25, 2025 15:50
Brazilian miner Vale said on Friday that it has so far not seen a material impact from the ongoing global trade war on its operations and sales, but vowed to keep monitoring it closely amid uncertain market conditions.
US consumer sentiment remains weak in April on tariffs concerns
Published: April 25, 2025 14:46
U.S. consumer sentiment ebbed for a fourth straight month in April amid concerns about the economic impact of tariffs.
China eases some US tariffs, denies Trump's negotiation claims
Published: April 25, 2025 14:18
China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the world's top two economies could be easing, though Beijing quickly knocked down U.S. President Donald Trump's assertion that negotiations were under…
Miner Grupo Mexico posts 17% profit jump on higher metals prices
Published: April 25, 2025 13:57
Mining and transport conglomerate Grupo Mexico reported a 17% jump in first-quarter net profit on Friday, primarily driven by higher metal prices.
Exclusive: US pharma tariffs would raise US drug costs by $51 billion annually, report finds
Published: April 25, 2025 13:53
Trump has repeatedly threatened a 25% tariff on pharmaceutical imports.
Vehicle carriers seek relief from broad US port fees
Published: April 25, 2025 13:49
Operators of hulking car carriers are seeking relief from the U.S. Trade Representative's surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or…
World Bank is not an American bank, German development minister says
Published: April 25, 2025 13:18
The Trump administration cannot determine the mission of the World Bank because the global lender's goals are based on agreement by many countries, Svenja Schulze, Germany's minister for economic cooperation and development, told Reuters.
Sub-Saharan Africa must lift revenue to ride out global turbulence - IMF Africa head
Published: April 25, 2025 12:46
Sub-Saharan African economies should work to increase their domestic revenue collection to avoid having to take on debt amid "turbulent global conditions", International Monetary Fund Africa Director Abebe Aemro Selassie said.
Global equity funds see second week of inflows on easing US-China tariff tensions
https://www.reuters.com/world/china/global-markets-flows-graphic-2025-04-25/
Published: April 25, 2025 12:45
Global equity funds attracted inflows for a second straight week through April 23, supported by signs of a potential de-escalation in the tariff war between the U.S. and China, which boosted demand for riskier assets.
US bond funds attract first weekly inflow in six weeks
https://www.reuters.com/business/us-bond-funds-attract-first-weekly-inflow-six-weeks-2025-04-25/
Published: April 25, 2025 12:42
U.S. bond funds recorded net inflows in the week through April 23 for the first time in six weeks, as a selloff in U.S. bond markets eased and investors grew hopeful about a potential de-escalation in the trade war between the U.S. and China.
US court to launch 30-day competition for Citgo parent's shares
Published: April 25, 2025 12:40
A U.S. court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has proposed to open a 30-day competition period on April 28 to receive bids, with a final winner of the sale process to be selected on June 11,…
Colgate-Palmolive's quarterly results beat, raises annual sales forecast
Published: April 25, 2025 12:39
Colgate-Palmolive reported quarterly results that beat Wall Street estimates and raised its annual sales forecast on Friday, banking on moderate price hikes and higher advertising spending to boost demand for its oral and personal care products.
Canada February retail sales fall 0.4%; seen up 0.7% in March
Published: April 25, 2025 12:33
April 25 (Reuters) - Canadian retail sales fell by 0.4% in February from January at C$69.33 billion ($49.95 billion), on lower sales at motor vehicle and parts dealers, Statistics Canada said on Friday. Sales likely increased 0.7% in March, the agency said…
Swiss National Bank chairman rebuffs bitcoin as reserve asset
Published: April 25, 2025 12:28
The head of the Swiss National Bank said on Friday that cryptocurrencies failed to meet the institution's currency reserve standards, rebuffing calls by crypto advocates that it hold bitcoin as a hedge against growing global economic risks.
Chemical maker LyondellBasell misses quarterly profit estimate on weak volumes
Published: April 25, 2025 12:20
LyondellBasell on Friday missed Wall Street's quarterly profit expectations, due to maintenance activity and lower volumes in its largest segment supplying raw materials to the automotive, construction and electronics industries.
HCA Healthcare beats profit estimates on strong demand for medical care
Published: April 25, 2025 11:51
Hospital operator HCA Healthcare beat Wall Street estimates for first-quarter profit on Friday, as more people underwent elective procedures.
Japan is a test case for Trump's tariff deals. But talks may be tortuous.
Published: April 25, 2025 11:04
When Tokyo's top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank.
Toyota chairman proposes $42 billion acquisition of Toyota Industries, Bloomberg reports
Published: April 25, 2025 10:26
Toyota Motor Chairman Akio Toyoda has proposed acquiring supplier Toyota Industries in a possible 6 trillion yen ($42 billion) deal, Bloomberg News reported on Friday, in what would mark a pivotal buyout for Japan Inc and reshape its most powerful…
AMERICAS Whoah, we're halfway there
https://www.reuters.com/markets/us/global-markets-view-usa-2025-04-25/
Published: April 25, 2025 10:17
What matters in U.S. and global markets today, by Alun John, EMEA Breaking News Correspondent, finance and markets
BYD's first-quarter profit doubles
https://www.reuters.com/business/autos-transportation/byds-first-quarter-profit-doubles-2025-04-25/
Published: April 25, 2025 10:15
BYD's first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market by launching a smart EV price war.
Wall Street rises on signs of China's tariff relief, upbeat Alphabet results
Published: April 25, 2025 10:12
U.S. stock index futures jumped on Friday after signs China was prepared to soften its stance on tariffs, while better-than-expected quarterly results from heavyweight Alphabet lifted its shares and supported other technology stocks.
Paraguay's soy farmers ride tariff war 'toboggan'
https://www.reuters.com/world/china/paraguays-soy-farmers-ride-tariff-war-toboggan-2025-04-25/
Published: April 25, 2025 10:11
For Paraguay's soy farmers and exporters, the global trade tariff war is an unpredictable ride that makes them fear the effects of volatility and also hope for more Chinese demand for South American soy meal and oil.
US shale patch slows down as oil prices sink
https://www.reuters.com/business/energy/us-shale-patch-slows-down-oil-prices-sink-2025-04-25/
Published: April 25, 2025 10:05
Some small U.S. shale producers are putting the brakes on oil drilling as crude prices sink to multi-year lows and steep tariffs drive construction costs higher.
AmCham China president says pharma companies have reported tariff exemptions on China imports
Published: April 25, 2025 09:57
The Beijing-based American Chamber of Commerce said on Friday that companies in the pharmaceutical sector had reported that they had been able to import drugs to China over the past week with tariff exemptions.
China's Ping An Insurance posts 26.4% fall in first-quarter profit
Published: April 25, 2025 09:26
Ping An Insurance (Group) Co of China Ltd reported a 26.4% decline in first-quarter net profit on Friday.
US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports
Published: April 25, 2025 08:50
A U.S.-India trade agreement under discussion will cover 19 categories, including greater market access for farm goods, e-commerce, data storage and critical minerals, Bloomberg News reported on Friday.
Automakers rush to meet surging China demand for long-range hybrids
Published: April 25, 2025 08:29
Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world's largest auto market.
RWE has stopped offshore wind activities in United States
Published: April 25, 2025 06:43
RWE has stopped its U.S. offshore wind activities for now in light of regulatory uncertainty under the administration of President Donald Trump, its CEO said in a speech manuscript published ahead of the utility's annual general meeting.
Intel shares sag after downbeat forecasts
https://www.reuters.com/business/intel-shares-sag-after-downbeat-forecasts-2025-04-25/
Published: April 25, 2025 06:30
Intel shares dropped almost 4% in heavy trading in Frankfurt on Friday after issuing downbeat forecasts for both revenue and profit the day before, as investors fretted about the outlook for the chip sector against the backdrop of the U.S./China trade war.
Alphabet Frankfurt-listed shares rise after revenue estimates beat
Published: April 25, 2025 06:24
Google parent Alphabet's Frankfurt-listed shares rose over 6% in early trade on Friday after the tech giant beat Wall Street estimates for quarterly revenue on Thursday.
Automakers tout cinematic experiences and mini kitchens at Shanghai auto show
Published: April 25, 2025 06:04
Car manufacturers looking to stand out in China's constantly innovating auto market unveiled cars at Shanghai's auto show this week featuring immersive entertainment, fragrance control, in-car refrigerators and even hot pot cooking equipment.
Nissan's shares rise after restructuring loss heralds turnaround
Published: April 25, 2025 05:59
Nissan saw its shares rise almost 2% on Friday after it flagged a record loss due to a massive reduction in the value of its assets and hefty restructuring fees - costs that appeared aimed at clearing the decks for a badly needed turnaround.
Samsung SDI says tariffs expected to raise production costs of US-made batteries
Published: April 25, 2025 05:41
South Korea's Samsung SDI on Friday said U.S. tariffs will increase the cost of producing its electric vehicle (EV) batteries in the United States, as many materials and components required for it are imported.
Exclusive: Aster Chemicals to bid for Exxon Mobil's Singapore fuel stations, sources say
Published: April 25, 2025 05:15
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil's petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks retail fuel sales outlets.
Some European companies question US expansion amid tariff chaos
Published: April 25, 2025 05:05
Even moving production to the U.S. would expose them to tariffs in place on steel.
China considers exempting some goods from US tariffs
Published: April 25, 2025 04:34
China is considering exempting some U.S. imports from its 125% tariffs and is asking businesses to identify goods that could be eligible in the biggest sign yet that Beijing is worried about the economic fallout from its trade war with Washington.
7-Eleven owner says will need to cut costs as US tariffs hit consumer confidence
Published: April 25, 2025 04:33
Seven & I Holdings , the owner of 7-Eleven convenience stores, said it expects it will have to take a hard look at its supply chain and rein in costs as U.S. consumers grapple with the impact of U.S. tariffs.
Morning Bid: Focus on earnings while US and China quibble
https://www.reuters.com/markets/europe/global-markets-view-europe-2025-04-25/
Published: April 25, 2025 04:33
A look at the day ahead in European and global markets from Rocky Swift
Apple aims to source all US iPhones from India in pivot away from China, FT reports
Published: April 25, 2025 04:12
Apple plans to shift the assembly of all U.S.-sold iPhones to India as soon as next year, the Financial Times reported on Friday citing people familiar with the matter, as President Donald Trump's trade war forces the tech giant to pivot away from China.
China's Baidu says its Kunlun chip cluster can train DeepSeek-like models
Published: April 25, 2025 04:06
China's Baidu has successfully "illuminated" a cluster comprising 30,000 of its self-developed, third generation P800 Kunlun chips, which can support the training of DeepSeek-like models, its CEO said on Friday.
Malaysia open to negotiate with U.S on reducing trade deficit, non-tariff barriers
Published: April 25, 2025 03:44
Malaysia is open to negotiate with the United States on non-tariff barriers and reducing its trade deficit and will explore a bilateral trade agreement, its trade ministry said on Friday.
Alphabet says Waymo may offer robotaxis for personal ownership in future
Published: April 25, 2025 02:45
Alphabet's Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States.
Stocks, dollar eye weekly rise on Trump's tariff backdown
https://www.reuters.com/markets/global-markets-wrapup-1-2025-04-25/
Published: April 25, 2025 02:24
Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors have welcomed an apparent softening of the White House stance on China, despite no signal of detente.
Baidu launches new AI model amid mounting competition
Published: April 25, 2025 02:18
Chinese search engine giant Baidu launched its latest artificial intelligence model, Ernie 4.5 Turbo, on Friday, as it ramps up AI product offerings amid mounting competition in the Chinese AI market.
FOREX Dollar drifts higher at end of volatile week of Trump backflips
Published: April 25, 2025 01:34
The dollar drifted higher on Friday, following small losses a day earlier, as traders grappled with the outlook for the U.S. economy following President Donald Trump's erratic messaging on trade deals and Federal Reserve interference.
Trade tensions are giving Intel's older chips a second life
Published: April 25, 2025 00:49
A Sino-U.S. trade war that threatens Intel's revenue from its biggest market, China, has become an unlikely driver of demand for the embattled chipmaker's older generation of personal computer and server chips, company executives said on Thursday.
Fed's Kashkari nervous that trade policy uncertainty will lead to layoffs
Published: April 25, 2025 00:44
Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the extreme uncertainty over U.S. trade policy has him "nervous" about big layoffs, though so far he has only heard about businesses starting to plan for the possibility if the…
Oil prices set for weekly loss on potential for more global supply
Published: April 25, 2025 00:38
Oil prices edged higher on Friday but were on track for a weekly loss as a potential OPEC+ output increase and a possible ceasefire in the Russia-Ukraine war may raise supply at the same time conflicting U.S. tariff signals limit the demand outlook.
After years of failed AI deals, Intel plans homegrown challenge to Nvidia
Published: April 25, 2025 00:18
One of Intel's biggest missteps over the past decade was the failure to challenge Nvidia's dominance in the fast-growing market for artificial intelligence chips.
Core inflation in Japan's capital sharply accelerates in April
https://www.reuters.com/business/core-inflation-japans-capital-sharply-accelerates-april-2025-04-24/
Published: April 24, 2025 23:48
Core consumer prices in Japan's capital rose 3.4% in April from a year earlier, data showed on Friday, accelerating for the second straight month and making the central bank's task of balancing risks from higher U.S. tariffs and rising prices more…
Brazilian miner Vale posts 17% drop in Q1 net profit
Published: April 24, 2025 23:09
Brazilian miner Vale reported on Thursday a 17% decline in its first-quarter net profit from a year earlier, dragged down by lower iron ore prices.
Workers could save 122 hours a year by adopting AI in admin tasks, says Google
Published: April 24, 2025 23:05
Britain could gain 400 billion pounds ($533 billion) from AI-driven growth if it trained its workforce, Google said, after a pilot scheme in the UK showed workers could save more than 120 hours a year by using AI in administrative tasks.
Publisher Ziff Davis sues OpenAI for copyright infringement
https://www.reuters.com/business/publisher-ziff-davis-sues-openai-copyright-infringement-2025-04-24/
Published: April 24, 2025 22:45
Digital media publisher Ziff Davis sued OpenAI in Delaware federal court on Thursday, accusing the Microsoft-backed artificial-intelligence company of misusing its publications to train the model behind popular chatbot ChatGPT.
South Korea, US aim for trade package before tariff pause ends in July
Published: April 24, 2025 22:22
South Korea and the United States agreed to craft a trade package aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation said after the first round of trade talks in Washington.
Exclusive: US Congress Republicans seek $27 billion for Golden Dome in Trump tax bill
Published: April 24, 2025 22:08
Republicans in the U.S. Congress plan to introduce a sweeping $150 billion defense package that will give an initial $27 billion boost to President Donald Trump's controversial Golden Dome missile defense shield and bolstering shipbuilding, according to a…
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
Published: April 24, 2025 21:57
Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market.
US bank regulators pull back guardrails on bank crypto activities
Published: April 24, 2025 21:35
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities.
EU to probe Universal's $775 million acquisition of Downtown Music, FT reports
Published: April 24, 2025 21:13
The European Commission is set to investigate Universal Music Group's planned $775 million acquisition of independent music services company Downtown Music amid claims the deal will give too much power to the industry's largest player, the Financial Times…
Trading Day: Stocks rally for third day as earnings optimism trumps tariffs confusion
https://www.reuters.com/markets/global-markets-trading-day-2025-04-24/
Published: April 24, 2025 21:10
TRADING DAY
US plans Alaska LNG summit, urges Japan, South Korea to support project, source says
Published: April 24, 2025 20:54
President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japanese and South Korean officials will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday.
Gilead posts quarterly profit, flat revenue as cancer sales slow
Published: April 24, 2025 20:09
Gilead Sciences on Thursday reported a first-quarter profit, but revenue was flat, as higher sales of drugs for HIV and liver disease, along with expense tightening, offset lower cancer drug sales.
T-Mobile wireless subscriber growth misses estimates as competition heats up
Published: April 24, 2025 20:08
T-Mobile added fewer wireless subscribers than Wall Street expected in the first quarter as rivals dialed up promotions in a saturating U.S. telecom market, leading to a more than 5% drop in the telecom company's shares after hours.
Google says will buy back $70 bln in shares, posts earnings beat
Published: April 24, 2025 20:06
Google parent Alphabet said it would buy back $70 billion worth of shares as it reported first-quarter profit above Wall Street expectations on Thursday.
Intel forecasts weak revenue amid trade tensions, shares fall
Published: April 24, 2025 20:02
Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan's first round of earnings at the helm, against the backdrop of a raging Sino-U.S. trade war.
Meta cuts jobs at its Reality Labs division
https://www.reuters.com/business/world-at-work/meta-cuts-jobs-its-reality-labs-division-2025-04-24/
Published: April 24, 2025 19:41
Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday.
Germany's Merck nears deal for SpringWorks, source says
Published: April 24, 2025 19:20
Germany's Merck KGaA is nearing a deal for SpringWorks Therapeutics , a source close to the deal said on Thursday.
Japan, US finance chiefs meet for talks on currency rates
Published: April 24, 2025 19:03
Japanese and U.S. finance chiefs meet on Thursday for high-stakes talks on exchange rates that have drawn market attention as a venue where Washington could pressure Tokyo to prop up the yen and help it reduce the huge U.S. trade deficit.
Global container shipping volume to fall 1% on Trump trade policies, Drewry says
Published: April 24, 2025 18:15
Maritime consultancy Drewry said on Thursday that it expects global container port volume to fall 1% as a direct result of U.S. trade policies.
Mexican bottler Arca Continental's Q1 earnings rise, volumes drop
Published: April 24, 2025 18:11
Mexican bottler Arca Continental reported a rise in first-quarter earnings on Thursday, as price hikes helped to offset a drop in beverage volumes across its markets.
Wall Street watchdog staff shrinks 16% in last year, includes key units, sources say
Published: April 24, 2025 18:05
The U.S. Securities and Exchange Commission has lost 16% of its workforce since this time last year, two sources briefed on the matter said, leaving Wall Street's top regulator with gaps across key divisions at a time of market turmoil.
Trump agenda drives record outflows from global sustainable funds, Morningstar says
Published: April 24, 2025 17:46
Investors withdrew a record $8.6 billion from global sustainable funds in the first quarter, researcher Morningstar said on Thursday, attributing the outflows largely to the shift against climate and social initiatives by U.S. President Donald Trump.
JPMorgan promotes 227 employees to MD level in key banking division
Published: April 24, 2025 17:36
JPMorgan Chase has promoted 227 employees in its commercial and investment bank (CIB) division to the coveted role of managing director, according to a memo seen by Reuters on Thursday.
Air India in talks with Boeing to take 10 planes snubbed by Chinese airlines, sources say
Published: April 24, 2025 17:34
Air India is in talks with U.S. planemaker Boeing to acquire around 10 737 MAX jets after Chinese customers started rejecting deliveries amid a trade war with the United States, two people familiar with the discussions told Reuters.
US agency to ease self-driving vehicle deployment hurdles, retain reporting rules
Published: April 24, 2025 17:16
The Trump administration said Thursday it aims to speed up the deployment of self-driving vehicles but will maintain rules requiring reporting of safety incidents involving advanced vehicles.
CRE market sentiment dropped by most in Q1 since pandemic, survey finds
Published: April 24, 2025 16:58
Optimism in the U.S. market for commercial real estate financing witnessed its second largest drop ever in the first quarter, triggered by President Donald Trump's new tariff policies, a new survey found.
P&G leans on $380 electric toothbrushes, upgraded razors to offset tariffs
Published: April 24, 2025 16:30
Procter & Gamble is betting consumers will shell out for $380 electric toothbrushes, spruced-up Pampers diapers and pocket-sized Always pads, which command higher prices, to offset new costs from the Trump administration's erratic tariff policy.
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