By Saqib Iqbal Ahmed NEW YORK (Reuters) -Short sellers targeting U.S. companies have gained $127 billion on paper from April 2 through Monday after President Donald Trump’s plans for sweeping tariffs sparked a sharp selloff in stocks, according to data and analytics company Ortex Technologies. The data, for U.S. companies with market capitalization $1 billion…
(Reuters) – Traders boosted bets on Tuesday the Federal Reserve will start cutting its policy rate as soon as next month, as the White House said additional tariffs on imports from China will go into effect on Wednesday in a further escalation of trade hostilities that could slow the economy. Traders put about a 56%…
WASHINGTON (Reuters) – White House economic adviser Kevin Hassett played down economic concerns over President Donald Trump’s tariffs, saying the president has talked to world leaders all weekend and will listen to proposals for great deals. “He’s doubling down on something that he knows works, and he’s going to continue to do that,” Hassett, director…
By Anna Hirtenstein LONDON (Reuters) – Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals and coffee declined as the intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which hit a record peak last week, also fell amid…
(Reuters) -U.S. discount carrier Spirit Airlines said on Monday that CEO Ted Christie has stepped down with immediate effect as part of a shakeup, weeks after the company emerged from bankruptcy and reconstituted its board. Chief Commercial Officer Matt Klein is also leaving and will be succeeded by insider Rana Ghosh. Last month, the low-cost…
By Kalea Hall and Nora Eckert DETROIT (Reuters) – U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the current tariffs stay in place until 2035, sales of light-duty vehicles in…
By Jody Godoy (Reuters) -Two people working with billionaire Elon Musk on a bid to radically shrink the U.S. government have started work at the U.S. Federal Trade Commission, the agency tasked with enforcing antimonopoly laws and fighting consumer fraud by companies. Gavin Kliger, who was part of the team that arrived at the Consumer…
By Ed White REGINA, Saskatchewan (Reuters) – All around a recent farm show in Canada, equipment salespeople struggled to swing deals with farmers worried about tariffs. With some combines costing more than $800,000, a surprise price hike from a tariff would be a hit most farm budgets cannot easily take. Canada was spared the Trump…
By Anna Tong OAKLAND (Reuters) – – Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday. Last month, OpenAI and Musk agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest…
By Jeffrey Dastin REDMOND, Washington (Reuters) – As Microsoft CEOs past and present gathered here to celebrate the company’s 50th birthday, one leader said he is targeting a particular metric’s improvement to guide his strategy on artificial intelligence. Mustafa Suleyman, chief executive of Microsoft AI, said his consumer and research division is tracking the usual…
