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…
(Reuters) – Investment banking is expected to experience a slowdown in the first half of 2025 as market volatility creates uncertainty for CEOs, boards and sponsors planning to negotiate and launch deals, Morgan Stanley Research said in a note on Thursday. We now expect capital markets activity to remain subdued for the first half of…
By Valerie Volcovici and Nichola Groom WASHINGTON (Reuters) – The Trump administration’s mass layoffs of federal workers have slowed the government’s ability to permit some new energy projects in a potential setback to President Donald Trump’s ‘drill, baby, drill’ agenda, according to state officials, lawmakers and agency representatives interviewed by Reuters. The situation reflects one…
By Tim McLaughlin (Reuters) – President Donald Trump’s administration intends to overturn pollution rules aimed at reducing soot emissions from U.S. coal-fired power plants in a move intended to help keep some of the nation’s dirtiest plants operational, according to people familiar with the matter. Soot particles can wreak havoc on human health because they’re…
By Jonathan Saul LONDON (Reuters) – Most of the jet fuel onboard the U.S.-flagged tanker Stena Immaculate that was hit by a container ship in a collision off Britain’s coast remains contained and only two of the vessel’s 18 fuel tanks have leaked, owner Stena Bulk said on Wednesday. The Portuguese-flagged Solong container ship crashed…
(Reuters) -A consortium consisting of Warburg Pincus and KKR is in talks to acquire German packaging and medical equipment maker Gerresheimer AG, Bloomberg News reported on Wednesday, citing people familiar with the matter. The private equity firms have emerged as the frontrunner after they teamed up and other potential bidders including Bain Capital dropped out,…
WASHINGTON (Reuters) – The U.S. budget deficit totaled $307 billion for President Donald Trump’s first full month in office, up 4%, or $11 billion, from a year ago, the Treasury Department said on Wednesday, even as growth in receipts outpaced that of spending. Receipts totaled $296 billion in February, a record for that month. That…
Why Reg A Companies Could Be a Safe Haven During Market Turbulence 🏛️📉 With the Nasdaq in correction territory and market volatility on the rise, investors are looking for alternative opportunities to protect and grow their capital. While traditional stocks face the pressure of interest rates, inflation, and economic uncertainty, Regulation A (Reg A) offerings…
SEATTLE (Reuters) – Boeing said on Tuesday it delivered 44 aircraft in February, up from 27 in the same month a year ago, as it works to stabilize and then increase production of its 737 MAX and 787 models. It was only slightly behind January when the planemaker’s 45 deliveries were the company’s best for…
