By Pratima Desai LONDON (Reuters) – U.S. firms are buying cobalt metal produced in Indonesia by China’s Lygend Resources that does not incur the tariffs placed by the Trump administration on imports direct from China, three sources with direct knowledge of the matter said. U.S. President Donald Trump has imposed extra import tariffs on Chinese…
As the Federal Reserve prepares to announce its latest interest rate decision on March 20, investors are bracing for potential market turbulence. With trade tensions, inflation concerns, and global economic uncertainties dominating headlines, it’s crucial to assess how to safeguard portfolios and spot emerging opportunities. While the Fed is expected to hold rates steady, all eyes…
(Reuters) – Alphabet’s Google on Monday expanded its partnership with Reddit amid concerns that the social media platform’s user growth relies heavily on traffic from Google Search. Redburn Atlantic analyst James Cordwell initiated coverage on Reddit’s stock with a “sell” rating, saying the company’s growth in daily active users (DAUs) — a key metric in…
By Laila Kearney HOUSTON (Reuters) – Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week. Energy use for U.S. data centers,…
By David Shepardson WASHINGTON (Reuters) – U.S. planemaker Boeing lost its way and trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said in a Fox News broadcast on Friday. Duffy also said the Federal…
By Michael Martina WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio on Friday announced sanctions against officials from Thailand, a U.S. ally, for their role in deporting at least 40 Uyghurs to China, where Washington says the members of the Muslim group will face persecution. The U.S. is “committed to combating China’s efforts to pressure…
The stock market has been on a rollercoaster in 2025, with investors wondering whether the worst is behind us—or if more pain lies ahead. 📊 The Nasdaq 100 recently fell into correction territory, down over 10% from its highs. The S&P 500 has struggled to find support, and investor sentiment is near its lowest levels in…
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk’s DOGE government reform team to provide assistance to the money-losing agency as it works to address “big problems.” USPS, an independent government agency with 635,000 employees that lost $9.5 billion last year, has been exempt from…
A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey…
By Caroline Valetkevitch NEW YORK (Reuters) – Shares of some quantum computing companies rallied on Thursday, adding to gains from the previous session and bucking the broader market’s trend after D-Wave Quantum forecast stronger-than-expected quarterly revenue. D-Wave Quantum shares were last up 15% at $6.71 after the company forecast Thursday its current-quarter would be above…
