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GRAINS-Wheat poised to end week lower on supply pressure
SINGAPORE, May 30 (Reuters) - Chicago wheat edged higher on Friday, with bargain-buying supporting prices, although the market is poised for a first weekly decline in three weeks on expectations of higher exports from Russia and improved yields in India.
Fri, May 30
WRAPUP 10-Trump's tariffs to remain in effect after appeals court grants stay
Trade court ruled Trump exceeded authority under emergency powers actAppeals court orders plaintiffs to respond by June 5, administration by June 9Uncertainty over tariffs impacts trade talks and market reactionsBy Dietrich Knauth and Sarah Marsh May 29 (Reuters) - A federal appeals court tempora...
Fri, May 30
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CORRECTED-EXCLUSIVE-Nissan offers buyouts to US workers, halts global pay rises, internal emails show
Nissan has expanded cost cuts amid weak market performanceSteps include cutting seven production sites, 20,000 jobsTroubles stem from ageing line-up, lack of hybrids, analysts sayBy Daniel Leussink and Maki Shiraki TOKYO, May 28 (Reuters) - Japan's Nissan 7201.T has started offering buyouts t...
Fri, May 30
Bessent says US trading partners still negotiating in good faith after court ruling
WASHINGTON, May 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that trading partners including Japan were continuing to negotiate with the U.S. in good faith, and there has been no change in their attitudes since a U.S. trade court ruled against the Trump administration's ...
Fri, May 30
Marvell Technology Inc reports results for the quarter ended April 30 - Earnings Summary
Marvell Technology Inc MRVL.OQ reported quarterly adjusted earnings of 62 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of thirty analysts for the quarter was for earnings of 61 cents per sha
Fri, May 30
US appeals court reinstates Trump tariffs, sowing market confusion
Markets show little reaction to appeal rulingUS stocks up but off earlier highsEuro STOXX 600 index reverses rally, closes modestly lowerBy Stephen Culp, Rocky Swift and Ankur Banerjee NEW YORK, May 29 (Reuters) - A U.S. appeals court reinstated President Donald Trump's sweeping tariffs on Th...
Thu, May 29
METALS-Copper steady after US court puts brakes on Trump tariffs
By Ashitha Shivaprasad May 29 (Reuters) - Copper prices steadied on Thursday, lifted by market optimism after a federal court halted President Donald Trump's move to impose sweeping tariffs on imports from most of the United States' trading partners.The Court of International Trade blocke...
Thu, May 29
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
