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NVR posts fall in quarterly profit as weak housing prices hit margins
April 22 (Reuters) - NVR NVR.N on Tuesday posted a 24% fall in first-quarter profit, as the homebuilder's margins were hit by higher lot costs and pricing pressure amid weak housing demand.Homebuilders are facing persistent weakness in demand as consumers have avoided buying houses due to high i...Reuters
Tue, Apr 22
GE Aerospace CEO Culp advocates tariff-free regime for aviation industry
CHICAGO, April 22 (Reuters) - GE Aerospace GE.N CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement when he met with President Donald Trump.In an interview with Reuters, Culp said the company's positi...Reuters
Tue, Apr 22
Fed's Harker says US poverty levels may be understated
NEW YORK, April 22 (Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday the true level of poverty in the United States might be understated, in comments that did not address the monetary policy and economic outlook. “The way we have historically measured economic...Reuters
Tue, Apr 22
IMF cuts global growth forecast for 2025 to 2.8% from 3.3%
The International Monetary Fund (IMF) announced in its updated World Economic Outlook report on Tuesday that it cut the global growth projections to 2.8% in 2025 and to 3% in 2026 from 3.3% for both years in the previous forecast, citing century-high US tariffs.Fxstreet
Tue, Apr 22
Pentair tops first-quarter profit estimates on robust demand for aftermarket services
April 22 (Reuters) - Water technology firm Pentair PNT.F beat analysts' estimates for first-quarter profit on Tuesday, helped by robust demand for its aftermarket pool maintenance and repair services. The company, which is based in the UK and operates across 150 countries, also took measures to ...Reuters
Tue, Apr 22
TABLE-IMF slashes global economic outlook as Trump trade war heats up
April 22 (Reuters) - The International Monetary Fund on Tuesday slashed its 2025 economic outlook after U.S. President Donald Trump began his second term by kicking off a global trade war that is expected to weigh heavily on output around the world.2025 estimatesApril vs prior estimatesAprilJanuaryO...Reuters
Tue, Apr 22
IMF cuts Latam, Caribbean 2025 GDP growth estimate
By Rodrigo Campos NEW YORK, April 22 (Reuters) - A forecast contraction in Mexico's 2025 economic output accounts for most of the IMF's estimate for a slowdown in Latin America and the Caribbean's GDP growth this year, the fund's updated World Economic Outlook showed on Tuesday. T...Reuters
Tue, Apr 22
Emerging economies face test from tighter funding as growth slows, says IMF
Mexico's growth forecast slashed, economy expected to contract 0.3% this yearChina's growth forecast lowered amid trade tensions with the USEmerging Europe growth predicted at 2.1% this year and next after 3.4% 2024 expansionBy Karin Strohecker and Rodrigo CamposWASHINGTON, April 22 (Reuters...Reuters
Tue, Apr 22
IMF cuts growth forecasts for most countries in wake of century-high US tariffs
IMF sees global growth of 2.8% in 2025, down from 3.3% in January forecastIMF chief economist says new era ushered in by trade resetEscalating trade tensions could further dampen growthClick By Andrea Shalal WASHINGTON, April 22 (Reuters) - The International Monetary Fund on Tuesday slashed its f...Reuters
Tue, Apr 22
Equifax's quarterly profit lifted by better-than-expected mortgage business
April 22 (Reuters) - Credit bureau Equifax EFX.N beat Wall Street expectations for first-quarter profit on Tuesday, buoyed by a smaller-than-expected drop in inquiries for mortgage credit reports.The company also kept its annual forecast unchanged despite economic uncertainties, sending its shares u...Reuters
Tue, Apr 22
Mexico's economy contracted 0.2% y/y in March, preliminary estimate shows
April 22 (Reuters) - Mexico's economy likely contracted 0.2% in March from the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Tuesday.Compared with the previous month, activity was likely unchanged, the agency said.Reuters
Tue, Apr 22
Goldman Sachs CEO Solomon Says Level Of Uncertainty Of Is High, Good That There Is Delay In Implementing Reciprocal Tariffs- CNBC Interview
April 22 (Reuters) - GOLDMAN SACHS CEO DAVID SOLOMON: TRADE POLICY HAS CHANGED THE UNCERTAINTY IN MARKETSGOLDMAN SACHS CEO SOLOMON: LEVEL OF UNCERTAINTY OF IS HIGH, GOOD THAT THERE IS DELAY IN IMPLEMENTING RECIPROCAL TARIFFSGOLDMAN SACHS CEO SOLOMON- THE DELAY INCREASED THE LEVEL OF UNCERTAINTY - C...Reuters
Tue, Apr 22
Spain vows to meet NATO spending goal of 2% GDP in 2025
MADRID, April 22 (Reuters) - Spain will meet NATO's target of spending 2% of gross domestic product on defence this year, much earlier than its previous self-imposed deadline of 2029, Prime Minister Pedro Sanchez said on Tuesday.Spain, which spent just 1.3% on defence in 2024, the lowest among N...Reuters
Tue, Apr 22
Euro zone bonds outshine U.S. Treasuries amid Trump's Fed rebuke
U.S.-German 10-yr spread set for biggest monthly rise since 2003German 2-year bund yields drop to lowest since October 2022By Yadarisa Shabong April 22 (Reuters) - Euro zone government bond yields eased on Tuesday, outperforming U.S. Treasuries, as traders sought the safety of European bonds afte...Reuters
Tue, Apr 22
