China rejects Trump’s accusation that it breached Geneva trade deal
U.S. Secretary of the Treasury Scott Bessent speaks with with Liao Min, Deputy Minister of Finance of China, during a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 11, 2025. KEYSTONE/EDA/Martial Trezzini/Handout via REUTERS The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. […]
Asia shares, dollar slip as tariff tensions darken mood
Pedestrians are reflected on a stock quotation board showing a graph of Nikkei share average outside a brokerage in Tokyo, Japan April 14, 2025. REUTERS SYDNEY, June 2 (Reuters) – Asian share markets and the dollar made a soft start on Monday as U.S.-China trade tensions continued to simmer, while investors turned defensive ahead of […]
Fed’s Waller still open to cutting interest rates later this year
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. REUTERS June 2 (Reuters) – Federal Reserve Governor Christopher Waller said on Monday that interest rate cuts remain possible later this year even with the Trump administration’s tariffs likely to push up price pressures […]
Mumbai eliminate Gujarat to keep alive IPL final hopes
Cricket – Indian Premier League – IPL – Eliminator – Gujarat Titans v Mumbai Indians – Maharaja Yadavindra Singh International Cricket Stadium, New Chandigarh, India – May 30, 2025 Mumbai Indians’ Jasprit Bumrah and Jonny Bairstow celebrate the wicket of Gujarat Titans’ Kusal Mendis REUTERS Cricket – Indian Premier League – IPL – […]
Trading Day: Markets ‘tarrified’ anew
A woman looks at her phone as she walks outside the Nasdaq Marketsite in New York City, U.S., April 3, 2025. REUTERS ORLANDO, Florida – – TRADING DAY Making sense of the forces driving global markets Global trade uncertainty cranked up several notches this week amid a flurry of court rulings around U.S. tariffs and President Donald Trump accusing […]
Hims to cut 4% of workforce amid ban on weight-loss drug copies
Wegovy pens are sorted at a packaging line at Novo Nordisk’s facility in Hillerod, Denmark, March 8, 2024. REUTERS NEW YORK, (Reuters) – Telehealth platform Hims & Hers (HIMS.N), said on Friday it will cut 68 employees, or about 4% of its workforce, as it adjusts to a U.S. ban on manufacturing mass copies of […]
Exclusive: Anthropic hits $3 billion in annualized revenue on business demand for AI
Anthropic logo is seen in this illustration taken May 20, 2024. REUTERS SAN FRANCISCO, (Reuters) – Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company’s […]
Google judge mulls softer remedies in US search antitrust case
The new Google logo is seen in this illustration taken May 13, 2025. REUTERS WASHINGTON, (Reuters) – A federal judge in Washington suggested on Friday he is considering making Alphabet’s Google take less aggressive measures to restore competition in online search than the 10-year regime proposed by antitrust enforcers. U.S. District Judge Amit Mehta heard […]
Trump says he plans to double steel, aluminum tariffs to 50%
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. REUTERS WEST MIFFLIN, Pennsylvania (Reuters) – U.S. President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25%, ratcheting up pressure on global steel producers and deepening […]
Japan says there is no easy concession on US tariffs, seeks more talks in June
Japan’s Economic Revitalization Minister Ryosei Akazawa speaks to the press upon his arrival at Haneda Airport, a day after ministerial talks on tariffs, with U.S. President Donald Trump joining the negotiators, in Tokyo, Japan, April 18, 2025. REUTERS (Reuters) – Japan and the U.S. on Friday agreed to hold another round of trade talks ahead […]