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Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.
By Ann Saphir and Howard Schneider (Reuters) – With U.S. President Donald Trump’s erratic tariff coverage injecting super uncertainty into the financial outlook, Federal Reserve Chair Jerome Powell on Wednesday will for the second time in lower than two weeks…
As recession fears mount following Trump’s sweeping new tariffs, US media and web corporations face a possible multibillion-dollar hit to advert spending that would probably ship the loss of life knell to conventional tv promoting. “Given the continued secular headwinds…
Laptop chip tools maker ASML reported first-quarter earnings that fell in need of analysts’ expectations on Wednesday. Nonetheless, the Dutch tech large maintained its outlook for 2025, forecasting annual gross sales between €30 billion and €35bn. CEO Christophe Fouquet was…
Rachel Reeves welcomed the figures however admitted ‘there may be extra to be achieved’ – Yui Mok/AFP Inflation eased again final month, paving the best way for rate of interest cuts subsequent month in a lift for Rachel Reeves. Costs,…
By Yuka Obayashi TOKYO (Reuters) – Oil costs had been flat early on Wednesday, as shifting U.S. commerce insurance policies fuelled uncertainty whereas markets assessed the potential affect of the U.S.-China commerce warfare on financial development and vitality demand. Brent…
(Bloomberg) — Oil steadied after a modest decline on Tuesday as expectations for a glut, and the commerce warfare between the world’s two greatest economies weighed on the demand outlook. Brent crude traded beneath $65 a barrel after slipping 0.3%…
(Reuters) – Promoting agency Omnicom Group missed Wall Road estimates for first-quarter income on Tuesday, as an unsure financial setting weighed on a number of of its segments, sending its shares down 3.6% in buying and selling after the bell.…
Egg costs will not be the one factor pressuring family budgets. One thing much more important is creating the most recent inflation headache: water. The newest Shopper Worth Index report confirmed the price of water, sewer, and trash assortment companies…
CHICAGO (Reuters) – United Airways on Tuesday forecast a lower-than-expected revenue for the present quarter and warned of draw back dangers to its full-year outlook if the U.S. economic system slips right into a recession. The Chicago-based airline expects an…
NEW YORK (AP) — The most recent authorities waste touted by billionaire Elon Musk’s cost-cutting Division of Authorities Effectivity is a whole bunch of tens of millions of {dollars} in fraudulent unemployment claims it purportedly uncovered. One downside: Federal investigators…
