A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with…
Category: Uncategorized
Tesla says it can be a target to retaliatory tariffs
(Reuters) – Elon Musk’s Tesla said in a letter to the US trade representative Jamieson Greer that President Donald Trump’s…
Why a major shift to US clothing production is unlikely
By Arriana McLymore and Helen Reid NEWARK, New Jersey (Reuters) – President Donald Trump’s Made in America push is prompting…
Volkswagen’s volume brands operating result down 4.3% amid cost-cutting drive
BERLIN (Reuters) – Volkswagen’s core brands, including VW Passenger Cars, Skoda, SEAT/CUPRA and Commercial Vehicles, reported a 4.3% drop in…
Investors bought Magnificent 7 ETF amid downturn, data shows
By Suzanne McGee (Reuters) – Individual investors snapped up shares of an exchange-traded fund tied to the “Magnificent Seven” group…
SentinelOne issues dour revenue forecasts, shares slump
(Reuters) -SentinelOne forecast its first-quarter and annual revenue below Wall Street estimates on Wednesday, hurt by tough competition and softer…
JPMorgan scoops over 5% stake in mining major Rio Tinto
(Reuters) -JPMorgan Chase has taken a 5.36% stake in Australia’s mining conglomerate Rio Tinto, an exchange filing to the local…
Morning Bid: Finally, a bounce on Wall Street. But for how long?
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets Investors breathed a…
Kimmeridge eyes more Canada oil and gas activism amid trade war, underperformance
By David French HOUSTON (Reuters) – Kimmeridge Energy Management will pursue more activism among Canadian oil and gas producers, a…
Bank of America cuts 150 junior jobs in investment banking, sources say
By Saeed Azhar and Svea Herbst-Bayliss NEW YORK (Reuters) -Bank of America has eliminated 150 junior banker jobs in its…