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Kohl's sticks to annual targets amid tariffs, turbulence at top
Shares jump 15%Analysts welcome forecast retentionInterim CEO says will stick to former chief's turnaround planBy Juveria Tabassum May 29 (Reuters) - Kohl's KSS.N retained its annual targets and reported better-than-expected quarterly results as the U.S. department store chain bets on its...
Thu, May 29
Electronics retailer Best Buy cuts annual forecasts on tariff uncertainty
Best Buy misses quarterly sales estimatesCompany adjusted prices, promotions to account for tariffsChina makes up 30% to 35% of overall goods importsCompany plans to remain 'competitively priced', executives sayBy Savyata Mishra May 29 (Reuters) - Best Buy BBY.N slashed its full-year com...
Thu, May 29
Musk's Trump administration exit lifts Tesla shares on hopes of renewed focus
May 29 (Reuters) - Tesla shares TSLA.O rose more than 2% on Thursday after news that CEO Elon Musk was stepping away from the Trump administration, fueling hopes that he will sharpen focus on the automaker as it gears up for its hotly anticipated robotaxi debut.Musk's ties with U.S. President Do...
Thu, May 29
Wall St set for higher open after court blocks most Trump tariffs
May 29 (Reuters) - Wall Street's main indexes were on track for a higher open on Thursday after a federal court ruled against most of U.S. President Donald Trump's tariffs and AI bellwether Nvidia reported a 69% surge in quarterly sales, lifting sentiment.
Thu, May 29
White House adviser says three trade deals nearly done
WASHINGTON, May 29 (Reuters) - White House economic adviser Kevin Hassett said on Thursday three trade deals were nearly done and he expected more despite a trade court ruling that blocked most of President Donald Trump's tariffs. "There are many, many deals coming. And there were three ...
Thu, May 29
US weekly jobless claims rise more than expected as labor market eases
WASHINGTON, May 29 (Reuters) - The number of Americans filing new applications for unemployment benefits increased more than expected last week, while the jobless rate appeared to have picked up in May as labor market conditions continue to ease.Initial claims for state unemployment benefits rose 14
Thu, May 29
US signals it may use administrative process against Harvard
May 29 (Reuters) - The Trump administration signaled on Thursday it might back off plans to immediately revoke Harvard University's ability to enroll foreign students because of several concerns, including its alleged failure to police antisemitism on campus, and would instead employ a lengthier...
Thu, May 29
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Germany seeks to levy 10% tax on online platforms like Google
BERLIN, May 29 (Reuters) - Germany is considering a 10% tax on large online platforms like Alphabet's Google GOOGL.O and Meta's Facebook META.O, its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration.
Thu, May 29
Dollar firm but rally fades after US tariff court roadblock; fiscal worries bubble
LONDON May 29 (Reuters) - A relief rally in the dollar faded on Thursday, with the greenback holding on to only minor gains against major peers after rallying on news that a court blocked U.S. President Donald Trump from imposing import tariffs on other countries.
Thu, May 29
Wall Street futures climb as federal court rules against Trump's tariffs
May 29 (Reuters) - Wall Street futures climbed on Thursday after a U.S. trade court blocked most of President Donald Trump's proposed tariffs, while AI bellwether Nvidia's stronger-than-expected quarterly revenue added to the upbeat mood.
Thu, May 29
US curbs chip design software, chemicals, other shipments to China
US Commerce notifies companies of restrictions, sources sayNew curbs affect machine tools, butane fuel, aviation equipment Licenses needed to ship restricted products to China Business carrying on as usual in China chip industry, sources saySiemens analysing impact of export restrictionsBy Karen Fre...
Thu, May 29
EMERGING MARKETS-Asian currencies weaken as US tariff ruling boosts dollar
May 29 (Reuters) - Asian currencies weakened on Thursday after a U.S. trade court's decision to block the implementation of President Donald Trump's "Liberation Day" tariffs lifted the dollar, while some stock markets pared back early gains.
Thu, May 29
Euro zone bond yields rise as investors exit safe-havens after court blocks Trump tariffs
May 29 (Reuters) - Euro zone government bond yields inched up on Thursday, as investors ditched safe havens for riskier assets after a U.S. federal court blocked most of President Donald Trump's sweeping tariffs.
Thu, May 29
South Korean shares hit near 10-month high on rate cut, US tariff ruling
KOSPI rises, foreigners net buyers. Korean won steady against dollar. South Korea benchmark bond yield rises.
Thu, May 29
Global government issuance of US dollar debt tumbling in 2025, data shows
May 29 (Reuters) - Governments in Asia and Europe are raising far less debt in U.S. dollars than usual, preferring to issue at home as they avoid exposure to rising U.S. yields, currency volatility and broader concerns about U.S. government finances.
Thu, May 29
PRECIOUS-Gold hits over one-week low as US tariff ruling dents safe-haven appeal
May 29 (Reuters) - Gold prices slipped on Thursday to their lowest levels in more than a week after a U.S. federal court blocked President Donald Trump's "reciprocal tariffs", dampening the metal's safe-haven allure, while a robust dollar put further pressure on bullion.
Thu, May 29
China-listed Apple Suppliers rise after US court blocks most Trump tariffs
** Shares of Hong Kong and mainland-listed Apple's AAPL.O suppliers rise after a U.S. court blocks most Trump tariffs saying the president exceeded his authority** In China, shares of Lens Technology 300433.SZ, Goertek Inc 002241.SZ, Luxshare Precision Industry 002475.SS rise between 2.7% and 3%...
Thu, May 29
CORRECTED-Markets ask how soon Nippon Steel will benefit from $15 billion bid for U.S. Steel
Trump signals support for Nippon Steel's bid for U.S. SteelFinal approval, deal details yet to emergeNippon Steel looks to US for growth amid weak domestic demandBy Katya Golubkova and Anton Bridge TOKYO, May 29 (Reuters) - Nippon Steel 5401.T investors and analysts are asking if its $15-bill...
Thu, May 29
[Reuters Analysis] OPEC must squeeze US shale much more to win oil price war: Bousso
US drillers slow down operations following oil price dropUS oil output growth set to slow in 2025OPEC will need to deepen price war to significantly impact US output By Ron Bousso LONDON, May 29 - Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-st...
Thu, May 29
Large movement seen in super-long bond yields, Japan finance minister says
TOKYO, May 29 (Reuters) - Japanese Finance Minister Katsunobu Kato on Thursday said there has been large movement in super-long bond yields recently, and that the government will closely monitor financial market movement.The government will communicate thoroughly with market participants, Kato said.
Thu, May 29
