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Home Depot to keep prices steady but says tariffs may make some items unavailable
Home Depot enjoys steady customer spending on smaller projects and spring demandMaintains annual forecasts for sales and profitPlans to not raise prices in response to Trump's tariffsSRS Distribution performing above expectations, executives sayBy Savyata Mishra and Nicholas P. Brown May 20 ...
Tue, May 20
Google to unveil AI upgrades at I/O conference amid search challenges
MOUNTAIN VIEW, California, May 20 (Reuters) - Alphabet's GOOGL.O Google kicks off its annual developer conference on Tuesday with a flurry of announcements showcasing its huge investment in artificial intelligence, while seeking to fend off concerns over the future of its business.
Tue, May 20
European bond yields steady as US debt load falls out of the spotlight
May 20 (Reuters) - Euro zone bond yields were little changed on Tuesday as investors moved past Monday's worries around the U.S. debt load and were on the lookout for further trade deals from the world's biggest economy.
Tue, May 20
ECB's Escriva sees risks to global financial sector from U.S. trade policies
MADRID, May 20 (Reuters) - Geopolitical and trade tensions stemming from U.S. tariffs pose a risk to the stability of the global financial system and to global economic growth, European Central Bank policymaker Jose Luis Escriva warned on Tuesday.
Tue, May 20
Qatar dismisses concerns over offer of aircraft to Trump
Qatar dismisses claims aircraft offer to Trump is bribery or influence-buyingSchumer introduces bill to prevent use of foreign aircraft as Air Force OneTrump plans to donate Boeing 747-8 to presidential library DOHA, May 20 (Reuters) - Qatar dismissed concerns about its offer to give U.S. Preside...
Tue, May 20
US STOCKS-US stock futures edge down ahead of commentary from Fed officials
Futures down: Dow 0.15%, S&P 500 0.33%, Nasdaq 0.45% May 20 (Reuters) - U.S.stock index futures were marginally lower on Tuesday as investors awaited commentary from Federal Reserve officials through the day to gauge the central bank's policy stance after the latest downgrade of U.S credit rating.
Tue, May 20
Intel explores sale of networking and edge unit, sources say
TAIPEI/SAN FRANCISCO/NEW YORK, May 20 (Reuters) - Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said.
Tue, May 20
Japan's Honda to scale back on electric vehicles, focus on hybrids
Now sees EVs accounting for 20%, not 30%, of sales by 2030Cuts planned investment in electrification and software by 30% To launch 13 next-generation hybrid models in the four years from 2027By Daniel Leussink TOKYO, May 20 (Reuters) - Honda Motor 7267.T said on Tuesday that it was scaling back i...
Tue, May 20
Japan's super-long bond yields soar to records as market frets about demand
TOKYO, May 20 (Reuters) - The longest-dated Japanese government bond yields soared to all-time highs on Tuesday, with worries about demand catalyzed by a poor 20-year debt auction, in a headache for the Bank of Japan as it attempts to exit from a decade of ultra-easy policy.
Tue, May 20
Thailand says wants fair trading relationship with U.S.
BANGKOK, May 20 (Reuters) - Thailand is committed to creating a fair relationship in trade and investment with the United States, the finance minister said on Tuesday as the Southeast Asian nation seeks talks with Washington to head off threatened tariffs.Thailand faces a 36% U.S. tariff if a reduct...
Tue, May 20
European bond yields dip as US debt load falls out of the spotlight
May 20 (Reuters) - Euro zone bond yields edged down on Tuesday as investors moved past Monday's worries around the U.S. debt load and were on the lookout for further trade deals from the world's biggest economy.
Tue, May 20
Japan's Nikkei closes flat as investors await fresh trade signals
TOKYO, May 20 (Reuters) - Japan's Nikkei share average ended flat on Tuesday, as support from a pause in the yen's rally lifted automakers and exporters, while investor sentiment remained cautious following U.S. sovereign downgrade by Moody's last week.
Tue, May 20
Australia's central bank cuts rates, open to more easing as global risks mount
Trump's tariffs impact Australia's economic outlookGovernor Bullock signals potential for further rate cutsSwaps imply 60% chance of another rate cut in JulyRBA sees inflation lower, unemployment higher due to trade tensionsBy Stella Qiu and Wayne Cole SYDNEY, May 20 (Reuters) - Australia...
Tue, May 20
Vietnam says second round of trade talks started in Washington
HANOI, May 20 (Reuters) - Vietnam and the United States have started a second round of trade negotiations in Washington, the Vietnamese government said on Tuesday as it seeks a deal to avoid a threatened 46% tariff rate that could weaken its export-driven growth model.
Tue, May 20
[Reuters Analysis] A junk-rated US Treasury? Markets 'care' about that: Mike Dolan
LONDON, May 20 (Reuters) - There are good reasons why markets took the latest U.S. credit rating downgrade on the chin, but that will offer cold comfort to investors warily eyeing the country's deteriorating fiscal health.
Tue, May 20
Japan's super-long bond yields soar to record highs on weak 20-year debt sale
TOKYO, May 20 (Reuters) - The longest-dated Japanese government bond yields soared to record highs on Tuesday as poor results at an auction of 20-year debt spurred worries about demand for so-called super-long securities.
Tue, May 20
GRAINS-Wheat inches higher but improved US crop weather limits gains
CANBERRA, May 20 (Reuters) - Chicago wheat futures edged higher on Tuesday amid concerns that frosts in Russia and dry conditions in China could damage output, but improved cropping conditions in the United States limited gains, holding prices near last week's five-year low.
Tue, May 20
Japan is sticking to demand for US to eliminate tariffs, trade envoy says
TOKYO, May 20 (Reuters) - Japan's top trade negotiator, Ryosei Akazawa, said on Tuesday there was no change to Tokyo's stance of demanding an elimination of U.S. tariffs in bilateral trade negotiations.Tokyo will not rush into clinching a trade deal if doing so risked hurting the country's interest
Tue, May 20
Japan-US to base talks on past FX agreement, Kato says
TOKYO, May 20 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday he expects any bilateral meeting with U.S. Treasury Secretary Scott Bessent on exchange rates to be based on their shared view that excessive currency volatility was undesirable."In our previous meeting, we confir...
Tue, May 20
Japan's Nikkei rises on resilient Wall Street, pause in yen rally
TOKYO, May 20 (Reuters) - Japan's Nikkei share average rose on Tuesday, with a pause in the yen's rally supporting automakers and other exporters, while resilience on Wall Street despite the U.S. sovereign downgrade buoyed overall sentiment.
Tue, May 20
