Economy

23andMe will have court-appointed overseer for genetic data in bankruptcy

Genetic testing company 23andMe agreed on Tuesday to allow a court-appointed overseer to take charge of ensuring customers' genetic data remains protected during

Trump eases auto tariffs burden as Lutnick touts first foreign trade deal

U.S.

Starbucks earnings disappoint as CEO Niccol's strategy faces US hurdles

Petrobras posts slight drop in first-quarter oil and gas output

Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first

UK business morale drops as concerns over tariffs, economy mount

British business sentiment fell to its lowest level in three months and employers were concerned about implications of U.S. tariffs and the wider economy as they grapple with higher

Putin names regional Russian airport Stalingrad

Russia's President Vladimir Putin signed a decree late on Tuesday renaming the airport in Volgograd as Stalingrad, as the city was known when the Soviet army defeated the Nazi German

Codelco chairman says April copper output up, sees strong US and China demand

Copper output from Chile's state-run Codelco rose 22% in April compared to the same period a year before, with an expected output of

DOGE staffer advised on cuts to Justice Dept grants, document and source say

A member of Elon Musk's U.S.

Grab Holdings' quarterly revenue beats expectations as spending remains strong

Grab Holdings beat Wall Street expectations for first-quarter revenue on Tuesday, as the company benefited from strong spending on its ride-hailing and food delivery

Logitech to shift some production from China to counter Trump tariffs

Logitech International will mitigate the impact of U.S.

Australia's Westpac flags $89.4 million hedging hit to half-year profit

Australia's Westpac Banking Corp said on Wednesday net profit after tax for the first half of 2025 would be reduced by A$140 million ($89.35 million) due to hedging.

US Senate confirms private equity executive Barrack as ambassador to Turkey

The U.S.

WH: DEAL AHEAD OF AUTO TARIFF BUT NOT NEW CHINA DUTY (4aET)

The Trump admin says it's reached a deal with automakers ahead of this week’s new parts tariff, but new duties on Chinese goods are still coming Friday.

Trump eases auto tariffs

Trump eases auto tariffs

Trump greets Whitmer with a hug and gives her a win — new jets for Michigan airbase

President Donald Trump has announced a new fighter jet mission for an Air National Guard Base in Michigan

Starbucks says turnaround is on track, but quarterly earnings and sales fall short

Starbucks’ sales are on the upswing again, but the company says its turnaround effort is far from complete

Electronic Arts lays off hundreds, cancels 'Titanfall' game, Bloomberg News reports

Electronic Arts is laying off hundreds of workers and is canceling a Titanfall game that was in development at its Respawn Entertainment unit, Bloomberg News reported on Tuesday.

Mexican telecoms giant America Movil posts 39% jump in first-quarter profit

Mexican telecommunications giant America Movil on Tuesday reported a 39% jump in its first-quarter net profit compared to the same period in 2024, citing an increase in

Prosecutors seek 20-year prison term for founder of failed crypto platform Celsius Network

Prosecutors say the founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for telling lies and engaging in self-dealing that cost customers billions of dollars in losses

Server maker Super Micro fans AI spending worries with cuts to revenue, profit estimates

AI server maker Super Micro Computer on Tuesday cut its third-quarter revenue and profit expectations due to delays in customer spending, amplifying

Trump's approval steady, concerns over economy, immigration rise, Reuters/Ipsos poll finds

President Donald Trump's approval rating held steady this week, but discontent is rising over his handling of the economy and hardline approach to immigration,

Walmart in Mexico posts weaker-than-expected 7% dip in Q1 net profit

Walmart's Mexico and Central America unit, known as Walmex, reported a 7% dip in its first-quarter net profit on Tuesday, coming in

Mexican tequila maker Cuervo pockets more profit on weaker peso, despite volume dip

Becle, the world's largest tequila producer, on Tuesday reported a first-quarter profit up 15% from a year earlier, pulling in more pesos due to the currency's weakening

JetBlue negotiates partnership with United Airlines, sources say

JetBlue Airways and United Airlines have been negotiating a partnership, three industry sources familiar with the matter told Reuters.

Meta introduces Llama application programming interface to attract AI developers

Meta Platforms on Tuesday announced an application programming interface in a bid to woo businesses to more easily build AI products using its Llama artificial-

Michigan visit showcases Trump and Whitmer’s warmer relationship

Michigan visit showcases Trump and Whitmer’s warmer relationship

Canada's Liberals fall short of a majority in Parliament in the wake of comeback election victory

Canadian Prime Minister Mark Carney’s Liberals have fallen short of winning an outright majority in Parliament

Judge orders Trump administration to restore $12 million for pro-democracy Radio Free Europe

A federal judge has ordered the Trump administration to restore $12 million that Congress appropriated for Radio Free Europe, a pro-democracy media outlet at risk of going dark for the first time in 75 years

55,000 County workers strike over alleged labor violations

Tens of thousands of Los Angeles County employees began a strike Monday evening, alleging their employer had failed to negotiate with the union.

Amazon is not planning to break out tariff costs online as White House attacks potential move

Amazon is not planning to display added tariff costs next to product prices on its site — despite a report that sparked speculation the e-commerce giant would soon show the new import charges, as well as fiery comments from President Donald Trump’s White House denouncing such a move

Brazil's BRB close to completing due diligence to acquire Banco Master

Brazilian state-run bank BRB has nearly completed its due diligence to acquire local lender Banco Master, with the final deal price expected to be

Trading Day: Do you want to make a deal?

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  The 100-day (trade) war Unlike the day before, Wall Street extended the

Brazil's Gerdau remains optimistic about steel orders from the U.S

Brazilian steelmaker Gerdau remains optimistic about the performance of its North American operations, given a high order backlog, despite concerns generated by the U.S. trade

Caesars Entertainment posts narrower first-quarter loss on sports betting surge

Casino operator Caesars Entertainment posted a narrower loss on Tuesday, driven by strong performance in its digital unit amid high demand for sports betting.

Visa beats profit estimates on strong card spending volumes, plans $30 billion buyback

Visa beat Wall Street estimates for quarterly profit on Tuesday, as the world's largest payment processor benefited from a steady rise in card payment volumes and the

Blackstone explores $3 billion sale of sustainability software firm Sphera, sources say

Blackstone is exploring a $3 billion sale of Sphera, a sustainability software and consulting services provider, according to three people familiar with the matter.

U.N. refugee agency to close four offices in Mexico amid funding crunch

The U.N. refugee agency in Mexico has closed four offices in the country and laid off 190 people due to the "serious funding crisis" facing the agency, the head

More than 50,000 Los Angeles County workers take to picket lines demanding higher pay

More than 50,000 Los Angeles County workers are walking picket lines to demand higher pay

AmeriCorps cuts prompt two dozen states to sue Trump administration

About two dozen states have sued the Trump administration over the dismantling of AmeriCorps

GM recalls nearly 600,000 Cadillac, Chevrolet and GMC cars due to engine failure risks

General Motors is recalling nearly 600,000 vehicles across its Cadillac, Chevrolet and GMC brands in the U.S. due to potential manufacturing defects that can cause engine failure

China sends a stern video message to Trump: We won’t ‘kneel down’

China sends a stern video message to Trump: We won’t ‘kneel down’

House GOP wants to pump billions into Trump's deportations and detentions as part of tax bill

Republicans in Congress are working to pump billions of dollars into President Donald Trump’s mass deportation and border security program

Mondelez beats first-quarter profit estimates on higher prices

Cadbury-parent Mondelez International beat Wall Street estimates for first-quarter profit on Tuesday, driven by the high prices for its chocolates and biscuits.

Snap shelves quarterly forecast as economic uncertainty risks ad budgets

Snap said on Tuesday it will not issue a second-quarter financial forecast citing economic uncertainty, as U.S. tariffs threaten to disrupt the global economy and digital

UBS hires banker Kelvin Quezada from Barclays to bolster M&A

Kelvin Quezada is set to join UBS as managing director in the Unified Global Banking (UGB) Americas team after nearly two decades at Barclays, according to a memo

Growing BRICS group shows internal rifts as ministers fall short of joint statement

Foreign ministers from the BRICS group of developing nations failed to agree on a joint communique on Tuesday, highlighting differences within the

US states sue to block Trump from dismantling AmeriCorps

Democratic-led states filed a lawsuit on Tuesday alleging the Trump administration had effectively dismantled AmeriCorps by abruptly canceling grants and cutting 85% of the

Tesla hiring over 1,000 workers to ramp up Semi truck production, Business Insider reports

Tesla is hiring more than a thousand new workers in Nevada as the electric vehicle maker looks to ramp up mass production of its much-delayed Semi trucks, Business Insider reported on

Booking Holdings posts upbeat quarterly results helped by international travel

Online travel agency Booking Holdings beat analysts' expectations for first-quarter profit and revenue on Tuesday, as sustained demand for international travel helped the company offset

Wall Street rises as corporate profits pile higher along with uncertainty about Trump's trade war

U.S. stocks rose again as stronger-than-expected profits keep piling higher for companies, though CEOs say they’re unsure how long that can last due to uncertainty around President Donald Trump’s trade war

UnitedHealth names insider Patrick Conway as Optum CEO

UnitedHealth Group said on Tuesday insider Patrick Conway will take on the top job at Optum, its health services segment, replacing Heather Cianfrocco, who will take on a new role within

Syria's foreign minister met State Dept officials in New York, sources say

Syrian Foreign Minister Asaad al-Shibani met with senior U.S.

Firefly's Alpha rocket fails in space, sends Lockheed satellite falling into ocean

Firefly Aerospace's Alpha rocket suffered a technical issue on Tuesday as it ascended into space on its sixth flight, causing a Lockheed Martin satellite it was

Los Angeles County approves $4 billion payout to settle sexual abuse claims at juvenile facilities

Los Angeles County officials have approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959

Takeaways from Canada's election: America's northern ally rejects Trump after he dominates race

The first major test of Donald Trump’s influence on the affairs of a longtime U.S. ally went badly

Missouri court upholds voter approval of minimum wage and paid sick leave initiative

The Missouri Supreme Court has upheld a voter-approved ballot measure gradually raising the state's minimum wage to $15 an hour and requiring employers to provide paid sick leave

850 utility workers working on expired contract as bargaining continues

850 utility workers working on expired contract as bargaining continues

US corporate bond markets betray caution behind recent rebound

U.S. corporate bond markets are showing signs of caution about the economy and inflation despite a rebound in new issuances and credit spreads in the weeks since

Stocks set for worst 100 day start since Nixon as Trump injects semi-permanent uncertainty

President Donald Trump's first 100 days in office, set to deliver the worst start for stocks since former President Richard Nixon's second term in 1973, have

US Senate confirms billionaire businessman Stephens as ambassador to Britain

The U.S. Senate on Tuesday confirmed billionaire investment banker Warren Stephens to be ambassador to Britain, backing President Donald Trump's nominee by 59 to 39.

Trump officials eye changes to Biden's AI chip export rule, sources say

The Trump administration is working on changes to a Biden-era rule that would limit global access to AI chips, including possibly doing away with its splitting

Equities end higher after choppy trade as earnings, data, tariffs gauged

U.S. stocks closed solidly in positive territory on Tuesday, after seesawing between modest gains and losses in choppy trading as investors assessed the latest

US stocks close higher; oil drops amid recession fears, trade talks

Wall Street stocks advanced on Tuesday while crude and gold prices slid as investors juggled corporate earnings, signs of progress in U.S.

Kraft Heinz lowers sales outlook for the year, weighed down by consumer uncertainty and tariffs

Kraft Heinz lowered its full-year sales and earnings guidance Tuesday, citing weaker customer spending in the U.S. and the impact of President Donald Trump’s tariffs

At 100 days, economic anxieties come alive in Michigan: ‘I wish the message was clearer’

At 100 days, economic anxieties come alive in Michigan: ‘I wish the message was clearer’

Mexican economy seen flat in first quarter: Reuters poll

Mexico's economy likely remained flat in the first three months of 2025 as a result of uncertainty generated by U.S.

Canadian lender RBC abandons sustainable finance goals citing competition act

Royal Bank of Canada said on Tuesday that it would abandon its sustainable finance goals, citing recent changes to Canada's competition act that require companies

Germany's Merck KGaA in $3.9 billion deal to buy US biotech firm SpringWorks

Germany's Merck KGaA has

Corporation for Public Broadcasting sues to block Trump from firing 3 board members

The Corporation for Public Broadcasting, which distributes funding to PBS and NPR stations, sued the White House late Monday after President Donald Trump

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC+ to boost output and worried U.S.

GM pulls forecast due to tariffs as nervous consumers rush to buy

General Motors on Tuesday pulled its annual forecast, in a move that reflects the uncertain effects of U.S.

EU enlargement chief presses Serbia on need for reforms

Serbia's bid to join the European Union could stall unless the government speeds up reforms of the judiciary, media and election laws, EU enlargement commissioner Marta Kos said

Intel attracts interest for test chips using new manufacturing process

By Max A.

Gilead Sciences to pay $202 million in US settlement over HIV drug kickbacks

Gilead Sciences agreed to pay $202 million to settle a whistleblower lawsuit accusing the drugmaker of civil fraud for paying kickbacks to doctors who agreed to

Amazon in White House crosshairs over report of displaying tariff costs

Amazon said on Tuesday its low-cost Haul unit had considered listing import charges for goods in light of new U.S. tariffs

Billionaire investor Ray Dalio says it’s ‘too late’ to escape damage from Trump’s tariffs

Billionaire investor Ray Dalio says it’s ‘too late’ to escape damage from Trump’s tariffs

A ‘p*ssed’ Trump called Jeff Bezos after learning Amazon considered breaking out a tariff charge

A ‘p*ssed’ Trump called Jeff Bezos after learning Amazon considered breaking out a tariff charge

UN agencies that provide aid worldwide slash jobs or cut costs as US funding drops

Several U.N. agencies that provide aid to children, refugees and other vulnerable people around the world are slashing jobs or cutting costs in other ways

US Rep. Angie Craig of Minnesota joins the race for retiring Sen. Tina Smith's seat

U.S. Rep. Angie Craig is the latest Minnesota Democrat to enter an increasingly competitive race for the U.S. Senate seat held by the retiring Sen. Tina Smith

Senate confirms former Sen. David Perdue as Trump's US ambassador to China amid tariff showdown

The Senate has confirmed former Sen. David Perdue as ambassador to China, just as the U.S. and China are locked in a tariff showdown that threatens to redefine diplomatic relations between the world’s two largest economies

UPS is cutting 20,000 jobs. It’s not what you think

UPS is cutting 20,000 jobs. It’s not what you think

Canadian company turns to Trump for permission to mine international waters, bypassing a UN agency

A Canadian company has announced that its U.S. subsidiary has submitted applications to the National Oceanic and Atmospheric Administration to mine the seafloor

Layoffs, closures and gaps in oversight expected after hundreds of DOJ grants are canceled

Hundreds of organizations have received notice that the Department of Justice is canceling ongoing grants they had received through the Office of Justice Programs

Danes boycotting US products like Coca-Cola, Carlsberg says

Danish consumers are boycotting Coca-Cola, Carlsberg CEO Jacob Aarup-Andersen said on Tuesday, noting that the brewer, which bottles the drink in Denmark, had seen Coca-Cola volumes

Valeo says 90% of its Mexican products shipped to US now USMCA compliant

French car parts supplier Valeo said on Tuesday that 90% of the products produced by the group in Mexico and imported into the U.S. are now compliant with the United

EU's von der Leyen invites scientists, researchers to make Europe their home

European Commission President Ursula von der Leyen on Tuesday invited scientists and researchers from the world over to make Europe their home when the Trump administration is

Trump set to soften auto tariffs after industry pushback

U.S.

Lawsuits, executive actions, confirmations and golf trips: Key moments in Trump’s first 100 days

Lawsuits, executive actions, confirmations and golf trips: Key moments in Trump’s first 100 days

Pittsburgh funeral home owner allegedly dumped pets in landfill after charging for cremations

Pittsburgh funeral home owner allegedly dumped pets in landfill after charging for cremations

Relations between India and Pakistan spiral after Kashmir terror attack

The Resistance Front, a militant group, claimed responsibility for the Kashmir terror attack. The Asia-Pacific Foundation’s Sajjan Gohel explains TRF's ties to a larger banned group and the impact of India’s retaliatory measures on Pakistan’s economy and food security.

Trump's first real estate project in Qatar to be announced by Qatari Diar, Dar Global

Real estate developers Qatari Diar and Dar Global will announce a deal on Wednesday to build Qatar's first Trump-branded real estate project, a

Mexico has received nearly 39,000 deportees from US since Trump took office

Mexico has received nearly 39,000 immigrants deported from the United States since the beginning of U.S.

Major companies face a difficult task in estimating the impact of tariffs on their business

Executives at some of the world’s biggest companies are faced with the tricky task of explaining how President Donald Trump’s tariffs are impacting their business as they discuss the latest financial results

US Senate backs former Republican lawmaker Perdue as ambassador to China

A majority of the U.S. Senate on Tuesday backed one-time U.S.

Lutnick says Trump's autos tariff relief aimed at reshoring production to US

U.S.

Smithfield Foods says tariffs make China unviable market for its US pork

China, the world's biggest pork consumer, is no longer a viable market for top U.S. pork processor Smithfield Foods due to retaliatory tariffs by Beijing,

Wells Fargo investors approve executive pay as compliance fixes gain momentum

Wells Fargo shareholders on Tuesday approved executive pay packages and the appointment of directors with strong majority support.

Facebook parent Meta Platforms launches standalone AI assistant app

Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed OpenAI and Alphabet's Google.

Carney aims for global leadership role against Trump after Canada election win

Canadian Prime Minister Mark Carney completed a comeback victory for the governing Liberals in Monday's election, positioning himself for a global role as a champion of

ICE, Florida law enforcement arrest nearly 800 undocumented immigrants in massive operation

ICE, Florida law enforcement arrest nearly 800 undocumented immigrants in massive operation

Pfizer leans on cost cuts to offset falling revenue

Pfizer said on Tuesday it would generate $1.7 billion more in savings from cost cuts to its manufacturing and research operations, highlighting its

Canada's Liberals ride Trump backlash to comeback election win

Canadian Prime Minister Mark Carney's Liberals staged a major political comeback to retain power in parliamentary elections, fuelled by a

Kenya to cap fiscal deficit at 4.5% in FY 2025/26

Kenya will cap its fiscal deficit at 4.5% of GDP in 2025/26, down from 5.1% the previous year, and revise its initial budget of 4.3 trillion Kenyan shillings ($33 billion)

US consumer confidence plummets to Covid-era low as trade war stokes anxiety

Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of COIVD-19 as worries about the impact of tariffs take a heavy toll on consumer expectations for future growth

Engine Capital pushes Lyft to explore strategic options, including sale

Activist investment firm Engine Capital wants Lyft to consider strategic alternatives, including a sale, piling more pressure in its proxy battle against the ride-sharing platform.

Malaysia's Petronas and Commonwealth LNG in talks for term supply, say sources

Malaysian state-owned oil and gas firm Petroliam Nasional, or Petronas, is in talks with Commonwealth LNG to buy liquefied natural gas from

Unions, cities, nonprofits sue to block Trump workforce cuts

A coalition of more than two dozen labor unions, cities and nonprofits sued President Donald Trump's administration, claiming that its broad federal workforce cuts were

US job openings fall in March; layoffs decline

U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing despite an ever-shifting tariffs policy casting a

Gulf is 'dependent on a strong America', Eric Trump says

The Gulf region is dependent on a strong United States, and the whole region wants security so local economies can flourish, the U.S. president's son Eric Trump

Brazil's Supreme Court deals blow to Amazon 'Soy Moratorium'

Brazil's Supreme Court will allow the country's biggest farming state to withdraw tax incentives from signatories of the so-called "Soy Moratorium,"

Citigroup's shareholders approve 2024 pay for CEO, executives, new shares for grants

A large majority of Citigroup shareholders has approved CEO's Jane Fraser's 33% pay increase to $34.5 million at a virtual annual meeting held

Wall Street's winners and losers during Trump's 100 days at White House

The dramatic shift in U.S. domestic and foreign policy since President Donald Trump returned to the White House on January 20 has sent shockwaves across

US dollar regains poise on easing trade worries, month-end buying

The U.S. dollar advanced on Tuesday, lifted by the Trump administration's plan to ease the impact of auto duties on local car manufacturers as well as

UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles

Authorities investigating after $300K worth of cash fell out of an armored truck

Authorities investigating after $300K worth of cash fell out of an armored truck

Turkey and Italy strengthen ties with trade and defense agreements

Turkish President Recep Tayyip Erdogan and Italian Prime Minister Giorgia Meloni have witnessed the formal exchange of a dozen cooperation agreements including on defense

Consumer confidence sinks to lowest level since May 2020

Consumer confidence sinks to lowest level since May 2020

House Republicans propose $15 billion for air traffic control, new $200 EV fee

U.S.

US job openings fall to 7.2 million in March, the lowest level since September

Job openings in the United States fell in March as President Donald Trump’s trade wars clouded the economic outlook

Canada's opposition leader Poilievre loses his seat in federal election

Canada's main opposition leader Pierre Poilievre lost his seat in Monday's general election, results from Elections Canada showed, as the Conservatives were

Brazil's Lula says Mercosur, Canada should advance in trade deal talks

Brazilian President Luiz Inacio Lula da Silva said on Tuesday he is interested in advancing talks for a trade deal between South America's Mercosur bloc and Canada in order to "

Georgian police raid homes of activists providing financing to anti-government protesters

Georgian prosecutors said on Tuesday they had conducted searches at the apartments of five individuals who helped organise funding campaigns to support street

World Bank sees commodity prices falling to pre-COVID levels

The World Bank on Tuesday forecast that weakening global growth due in part to trade turmoil will push global commodity prices down 12% in 2025 and another 5% in

Regeneron's first-quarter results miss on lower Eylea demand

Regeneron's first-quarter results missed Wall Street estimates on Tuesday due to stiff competition for its blockbuster drug Eylea, further stoking investor worries as U.S.

Export employment to dive if trade war persists -US business group

All American exports to China worth $140.7 billion last year now face a retaliatory Chinese tariff of at least 125%, putting at risk hundreds of thousands of American jobs that

Paintmaker Sherwin-Williams reports first-quarter beat boosted by higher prices

Sherwin-Williams on Tuesday beat Wall Street estimates for first-quarter profit, helped by higher prices for its industrial paints, sending the company's shares up 5%.

New Tata plant starts iPhone production, Foxconn close behind as Apple looks to India, sources say

A new plant making iPhones in southern India has started production and another will begin shipments in May, as Apple looks to boost

KKR and Capital Group launch funds targeting mix of private, public credit

KKR and Capital Group launched two funds that would target investments in a blend of public and private credit, tapping into a vast pool of retail investors looking beyond

HSBC becomes latest brokerage to cut S&P 500 annual target below 6000 mark

HSBC on Tuesday became the latest global brokerage to slash its year-end target for the S&P 500 index below the 6000 mark, weighed down by slower U.S. economic growth and tariff-related

Turkey, Italy to strengthen defence cooperation, boost trade

Italy and Turkey will continue to strengthen cooperation in the defence industry with new projects while also boosting their reciprocal trade, the leaders of the two countries said

Cuban mother's case fuels concerns over children caught in Trump deportation push

U.S. immigration officials' deportation of a woman to Cuba last week, separating her from her 1-year-old daughter, has drawn fresh attention to

Shipping volume will plummet 35% next week, LA port official says in CNBC interview

The Los Angeles port is expecting a 35% drop in cargo from Asia next week, Gene Seroka, the port's executive director, said in a CNBC interview on Tuesday.

S&P Global sees credit rating breathing room for trade war rivals US and China

The United States and China are unlikely to see a rapid hit to their credit ratings from a trade war, S&P Global's top sovereign analyst has said, with damage more

Kraft Heinz lowers annual forecasts on muted demand, tariff volatility

Kraft Heinz on Tuesday slashed its full-year organic sales and profit forecasts, as demand for its snacks and ready-to-eat meal kits takes a hit from higher prices and an

UPS to cut 20,000 jobs on reduced Amazon deliveries, as US tariffs weigh

United Parcel Service on Tuesday said it would slash 20,000 jobs and shut 73 facilities as part of a planned reduction in deliveries for Amazon.com,

American Tower beats quarterly revenue estimate on strong telecom infrastructure leasing demand

Wireless infrastructure provider American Tower on Tuesday beat the first-quarter revenue estimate, driven by steady demand for its leasing business.

Spotify's high payroll taxes hurt profit, shares slide

Spotify forecast second-quarter profit below market estimates on Tuesday due to employee salary-related taxes, taking the shine off its strong subscriber growth and

Same candidate, two parties. A Wisconsin lawsuit aims to bring back fusion voting

A lawsuit in battleground Wisconsin seeks to legalize a once-popular practice of fusion voting, where the same candidate could appear on the ballot as nominated by multiple political parties

EU top court rules against Malta's golden passport scheme

By Charlotte Van Campenhout and Bart H.

Outage leaves Spaniards and Portuguese trapped, unable to pay and feeling powerless

Monday's huge outage delivered Spaniards and Portuguese a stark reminder of how dependent on power they are in their modern lives, and how in an instant they can

Romanians court far-right symbolism in run-up to election

On a sunny day in April, hundreds of Romanians queued on the outskirts of Bucharest to visit a tomb bearing a vivid green flag with the insignia of the Iron Guard,

China waives tariffs on US ethane imports, sources say

China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on

US consumer confidence plunges in April

U.S. consumer confidence slumped to a nearly five-year low in April as growing concerns over tariffs weighed on the economic outlook.

Coca-Cola beats results estimates, warns tariffs could hurt sentiment

Coca-Cola's quarterly revenue and profit beat estimates on Tuesday thanks to price hikes and strong demand for its sodas, but the beverage giant warned U.S. tariffs

PayPal beats profit targets, flags spending pull forward amid economic uncertainty

PayPal beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tuesday, even at a time when U.S.

Food distributor Sysco cuts annual forecasts on weak restaurant traffic

Sysco's third-quarter results missed estimates and the company lowered its annual forecasts on Tuesday as the food distributor warned of worsening consumer sentiment against the backdrop of

Tariffs-related stockpiling boosts US goods trade deficit to record high

The U.S. trade deficit in goods widened to a record high in March as businesses ramped up efforts to bring in merchandise ahead of President Donald Trump's

'Nowhere to turn': Small businesses dependent on imports from China are feeling more desperate

The Trump administration raised tariffs on goods from China to 145% in early April

GM posts strong Q1 results, but will reassess expectations for 2025 due to auto tariffs

General Motors posted strong financial results for its first quarter on Tuesday, but says it will reassess its full-year financial outlook due to auto tariffs

JetBlue joins US airlines in withdrawing forecasts over trade war

JetBlue Airways pulled its 2025 forecast on Tuesday, the latest U.S. carrier to scrap its outlook, as the economic uncertainty caused by President

GM recalling 721,000 vehicles over engine issue

GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced

Royal Caribbean raises annual profit target on strong demand, lower fuel costs

Royal Caribbean raised its annual profit forecast on Tuesday, benefiting from strong bookings for its high-end itinerary offerings as well as easing fuel costs.

Maersk says it has maintained all trans-Pacific sailings despite tariff, trade uncertainty

Maersk said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsising some vessels, despite the uncertainty caused by

Axel Springer and KKR finalize division of media group

Axel Springer and U.S. investment firm KKR have finalized the division of the media group, Springer said on Tuesday.

Match settles dispute with Anson Funds, adds new director to board

Online dating company Match Group will add a consumer-technology executive to its board and lay the groundwork for all directors to stand for election annually,

Walmart, Target resume business with some Chinese factories after tariff-related halt, suppliers say

Walmart, Target resume business with some Chinese factories after tariff-related halt, suppliers say

Trump’s first 100 days: What he did, and how the world responded, as told through AP alerts

Donald Trump’s second presidency has produced a seemingly constant stream of news

Japan and Philippines to start talks on 2 defense pacts in the face of China's growing aggression

Japanese Prime Minister Shigeru Ishiba says his country and the Philippines will start talks on two proposed defense pacts to further boost their security alliance and would continue to fight aggression in disputed Asian waters in an obvious rebuke of China

Florida panthers and black bears need a literal path for survival – here’s how the Florida Wildlife Corridor provides it in one of the fastest-growing US states

The Florida Wildlife Corridor, which turns 15 this year, connects habitats across the state for panthers, bears, sparrows and other species.

Decision looming for Trump administration on first PFAS drinking water limits

The Trump administration is expected to soon say whether it intends to stand by strict drinking water standards for forever chemicals set last year

Hawaii's food insecurity at highest levels, as support from the federal government drops

Hawaii's food insecurity at highest levels, as support from the federal government drops

Cape Cod researchers develop heat-resistant kelp to withstand effects of climate change

Cape Cod researchers develop heat-resistant kelp to withstand effects of climate change

Short of supplies, Gaza's vital community kitchens may soon shut, halt free meals

It took five hours of queuing at a community kitchen in Gaza's Nuseirat district for displaced grandmother Um

India's growth outlook at risk from trade tensions and geopolitical risks, government says

Trade tensions and geopolitical risks pose a challenge to India's economic growth in the fiscal year that started this month, potentially disrupting supply chains

China's Big Five banks post slimmer margins as economic challenges persist

China's Big Five lenders on Tuesday reported narrower margins on their first-quarter earnings and some a drop in profits as the banking

Trump tariffs force Volvo Cars to drop guidance, launch cost cuts

Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a restructuring of its U.S. operations on Tuesday and withdrew its earnings

Brazil's central bank sees sharp drop in corporate profitability due to rate shock

Brazil's central bank on Tuesday estimated a sharp decline in profitability among non-financial companies as a result of its aggressive monetary tightening cycle,

What's next in the Commanders' process of building a new stadium in Washington

NFL Commissioner Roger Goodell acknowledged that a new, state-of-the-art Commanders stadium in Washington would drastically increase the chances of the U.S. capital hosting the Super Bowl for the first time

India prepared to 'future-proof' trade deal as sweetener in US talks, sources say

By Shivangi Acharya and Manoj Kumar NEW DELHI -New Delhi is prepared to include a sweetener in trade talks with Washington that would "future-proof" a deal by ensuring no other trade partners could

Will Catholic cardinals pick another outsider like Francis to be pope?

When Cardinal Jorge Bergoglio was elected in 2013 as Pope Francis, he was a near total Vatican outsider.

S&P Global to separate its mobility division from parent to streamline business

Ratings provider S&P Global said on Tuesday it plans to separate its mobility division, which sells data to vehicle manufacturers and automotive suppliers, into a separate public company in

Corning sees second-quarter core sales above estimates as AI boom aids demand

Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, aided by strong demand for its optical connectivity products used in AI-related infrastructure.

Altria tops quarterly profit estimates, flags $873 million NJOY impairment

Tobacco company Altria on Tuesday beat first-quarter profit estimates but flagged an $873 million impairment at its e-cigarette business, where shipments dropped 70% amid a patent dispute.

Chinese authorities say 22 people killed, 3 injured in restaurant fire in northern city of Liaoyang

Chinese authorities say 22 people have been killed and 3 injured in a fire at restaurant in the northern city of Liaoyang

Coca-Cola reports better-than-expected quarterly profit, says it can manage through tariffs

Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be “manageable.”

Numbers that matter from the first 100 days of Trump's second term

For President Donald Trump's administration, the numbers on executive orders, deportations, reductions in the federal workforce and tariffs in his first 100 days back in the White House point toward a renewed America

China ramps up global yuan push, seizing on retreating dollar

As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People's Bank of China was seizing a moment of

More than 200 lawsuits and many judicial setbacks in Trump's first 100 days

Key parts of Donald Trump's agenda have met resistance in court from federal judges, who have issued more than 70 rulings impeding the Republican president's efforts on a range of issues.

Hilton cuts 2025 revenue growth forecast as travel demand softens

Hilton Worldwide cut its forecast for 2025 room revenue growth on Tuesday, becoming the first U.S.-based hotel operator to temper its outlook as consumer spending on travel takes a hit from

Ukraine's mining heartlands tell Trump: Don't take advantage of us

As Kyiv and Washington work on a deal that will give the U.S. a share of Ukraine's mineral wealth, Ukrainians who live with

Trade fears ebb, Canada's Carney returns

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets A calmer mood has pervaded world markets this

Honeywell lifts 2025 profit forecast despite $500 million tariff hit

Honeywell on Tuesday raised its 2025 profit forecast despite flagging a $500 million exposure to tariffs, saying it aims to cushion the impact through a mix of higher

Apple investors seek clarity on tariffs, AI strategy as iPhone sales decline

Apple is expected to face a string of questions over the delayed roll-out of key AI features and the impact of the Sino-U.S. tariff standoff on its business, when it

China's largest airlines deepen losses in first quarter as competition, US tariffs to weigh

China's three biggest airlines reported deeper first-quarter losses on Tuesday from the same period a year ago, amid intensifying competition and

Turkish April inflation seen at 3.1% on energy prices, FX pass-through: Reuters poll

Turkey's monthly inflation rate is expected to climb to 3.1% in April, driven by energy prices and lira depreciation following the imprisonment of President Tayyip Erdogan's main

Accor executive says Middle East travel boom can weather tariff risks

Hotel group Accor's localised supply chains should cushion the impact of U.S.

Carney wins Canadian election, while Conservative leader loses his seat in Parliament

The Canadian Broadcasting Corporation projects that populist Conservative Party leader Pierre Poilievre will lose his seat in Parliament

‘He’s dug a pretty serious hole here’: Ron Brownstein explains Trump's approval ratings

After winning a plurality of the popular vote in November, Donald Trump’s approval rating has plummeted to 41% - the worst of any president in his first 100 days in 70 years - according to a new CNN/SSRS poll. His approval on the economy — a key to his longtime political viability — is at its lowest-ever level at 39%. Only 35% approve of Trump's approach to inflation, the same number who back him on tariffs. CNN Senior Political Analyst Ron Brownstein joins CNN Newsroom to explain why the president's ratings tumbled.

Merck to invest $1 billion in new Delaware plant to boost US manufacturing

U.S. drugmaker Merck said on Tuesday it is investing $1 billion in a new Delaware plant to expand domestic production as it prepares to deal with President Donald Trump's tariffs.

US Supreme Court fight may shape Trump's ability to fire Fed chair

When the U.S.

In a vise of slowing demand and rising costs, small businesses are signaling trouble ahead

Tree trimming season runs 365 days a year in California's temperate climate and that typically means appointments running three weeks in advance

Japan and the Philippines push security and economic ties on Ishiba's visit

Japanese Prime Minister Shigeru Ishiba held talks on Tuesday with President Ferdinand Marcos Jr, in a move to advance security and economic ties between two of Washington's closest

New-look populist Reform party could reshape the UK political landscape

From a former police station in a small English town, a handful of right-wing campaigners used little more than a WhatsApp group to

Lufthansa strikes upbeat tone, but monitoring for US demand weakness

German airline Lufthansa stuck to its 2025 financial guidance on Tuesday and said it was optimistic about the key summer season, striking a more

Adidas holds back on profit upgrade due to tariff uncertainty

German sportswear maker Adidas held back on Tuesday from raising its 2025 financial forecasts despite strong first-quarter results, saying the uncertainty

Britain's PRA stops short of daily liquidity monitoring amid Trump tariff turmoil

Britain's banking stability watchdog has not yet seen reason to require banks to report daily liquidity levels despite the market chaos unleashed

Gates, others launch $500 million maternal, newborn health fund, bucking aid cuts trend

A group of philanthropies including the Gates Foundation has set up a fund backed with nearly $500 million to help save the lives of newborn babies and mothers in

A tale of two Syrias: free-market opening sows resentment of new rulers

The toppling of Syrian strongman Bashar al-Assad has been great for Mohammad al-Badawi.

BBVA warns of US tariff uncertainty on Mexican business

Spain's BBVA on Tuesday warned of the potential impact of U.S. tariffs on its Mexican unit and said the fallout could curb growth in loan income, although a solid

Trump's team has disrupted some $430 billion in federal funds, top Democrats say

The Trump administration has frozen, stalled or otherwise disrupted some $430 billion in federal funds since the president took office — from federal disease research to Head Start for children to disaster aid

Brazil reforestation startup Mombak raises $30 million in USV-led round

Brazilian reforestation firm Mombak has secured $30 million in a funding round led by venture capital firm Union Square Ventures (USV), it said on Tuesday, in

Common household plastics linked to thousands of global deaths from heart disease, study finds

Common household plastics linked to thousands of global deaths from heart disease, study finds

Russia's Medvedev says NATO's newer members are now potential targets for Moscow, TASS reports

Former Russian president Dmitry Medvedev said on Tuesday that NATO's newer members are now potential targets for Moscow and at risk of possible revenge strikes using nuclear weapons

ECB's Donnery warns against watering down banking rules

European Central Bank supervisor Sharon Donnery said on Tuesday she saw scope for making banking regulation simpler, but warned against watering it down.

Hedge funds venture back to markets to buy bank shares, says Goldman Sachs

Hedge funds returned into markets last week to buy bank stocks having sold out of positions for eight straight weeks, a Goldman Sachs note shows.

India queries Apple, Xiaomi in e-commerce probe of Amazon, Flipkart, sources say

India's financial crime agency has privately sought sales data and other documents from smartphone players including Apple and Xiaomi as part of an investigation

Trump administration withholding $436.87 billion in approved spending, top Democrats say

U.S. President Donald Trump's administration has so far withheld at least $436.87 billion of congressionally approved funding, the top Democrats on the U.S.

BP reports 48% profit drop as strategy chief leaves

BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker gas trading and refining results and announced the departure of its

US trade agency adds Mexico to priority watch list over intellectual property

The U.S.

Earnings-driven moves take STOXX 600 to sixth consecutive daily gain

European shares extended gains to a sixth session on Tuesday, with financials giving support following earnings from HSBC and Deutsche Bank, though focus

AstraZeneca to keep 2025 forecast if US pharmaceutical tariffs in line with other sectors

The chief executive of AstraZeneca said on Tuesday that the drugmaker will maintain its 2025 sales guidance even if the U.S. levies tariffs on pharma products made in the European

Congressional watchdog agency will investigate Trump’s hollowing out of CFPB

Congressional watchdog agency will investigate Trump’s hollowing out of CFPB

Liberals won the election in Canada. Here's what to know and what comes next

The Liberal Party has won Canada's federal election, capping a stunning turn in fortunes fed by U.S. President Donald Trump's threats of trade war and to make the country the 51st American state

Central Europe must diversify to mitigate tariff hit, Moody's Analytics

Central Europe has limited fiscal space to offset the economic hit from tariffs given high deficit levels across much of the export-reliant region, which must

Lacking aid, Syrians do what they can to rebuild devastated Aleppo

Moussa Hajj Khalil is among many Syrians rebuilding their homes from the rubble of the historic and economically important city of Aleppo, as Syria's new leaders

Portugal recovers from blackout, government says

Portugal's government said on Tuesday all 6.4 million electricity clients had power supplies normalised after Monday's country-wide blackout.

Biofuel maker Neste expects limited impact from tariffs, but supply glut still weighs

Finnish biofuel maker and oil refiner Neste expects U.S. tariffs will have only a limited direct impact on its business, it said on Tuesday, but warned of continuous oversupply in renewable

Trade war may lower growth and inflation in euro zone, ECB's Cipollone says

A global trade war could lower both economic growth and inflation in the euro zone and it could have an "unambiguously recessionary effect" on the countries involved, ECB board

Euro zone inflation expectations rise, ECB survey shows

Euro zone consumers raised their inflation expectations for the coming years in March, before the U.S. imposed tariffs on most nations, launching a global trade war that could sap

BYD breaks ground on Cambodian car factory, Chinese embassy says

Chinese electric vehicle giant BYD broke ground on its Cambodia passenger vehicle factory on Monday, according to the Chinese embassy in Cambodia.

France won't hesitate to restore UN sanctions on Iran if no deal, says foreign minister

France will not think twice about reimposing United Nations sanctions on Iran if negotiations to reach a deal over its nuclear programme do not succeed, its foreign minister told the

Euro zone bank lending continued to pick up before tariffs, ECB data shows

Lending growth to euro zone businesses continued to accelerate in March, indicating that a series of interest rate cuts was bolstering activity before the United States launched a

HSBC sounds Trump tariff alarm, taking shine off Q1 profit beat and buyback

HSBC warned that loan demand and credit quality could suffer from the broader fallout of U.S.

Porsche slashes outlook as US tariffs, China slump dim prospects

Porsche's margins plunged in the first quarter, the sportscar maker said on Tuesday, forcing it to cut its outlook due to weakness in its key market China, a