News
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Airbnb flags slowing US travel demand as revenue forecast disappoints
By Aishwarya JainMay 1 (Reuters) - Vacation rental platform Airbnb ABNB.O on Thursday forecast second-quarter revenue largely below Wall Street estimates and signaled softening demand in the U.S. as an erratic trade policy hammers consumer sentiment and sparks worries over growth.Shares of the compa...Reuters
Thu, May 1
Block's first quarter profit falls as spending slowdown fears mount
May 1 (Reuters) - Payments firm Block XYZ.N reported a fall in first-quarter profit on Thursday, highlighting worries about reduced consumer spending due to the ongoing trade tensions between the U.S. and China.Net income attributable to its common stockholders was $189.9 million, or 30 cents per sh...Reuters
Thu, May 1
Airbnb forecasts second-quarter revenue below estimates, flags softening US travel demand
May 1 (Reuters) - Vacation rental platform Airbnb ABNB.O on Thursday forecast second-quarter revenue largely below Wall Street estimates and signaled softening demand in the U.S. as an erratic trade policy hammers consumer sentiment and sparks worries over growth.The company expects second-quarter r...Reuters
Thu, May 1
Venezuelan economy grew 9.3% in first quarter, central bank says
CARACAS, May 1 (Reuters) - Venezuela's economy grew 9.3% year-over-year in the first quarter of 2025, the country's central bank said on Thursday, a slight uptick in the growth rate compared to 9.1% reported in the same quarter a year ago. Analysts warn the economy's performance over the...Reuters
Thu, May 1
TREASURIES-US yields rise after better-than-expected manufacturing report
ISM manufacturing PMI beats forecastsJobless claims rise in latest weekFed funds futures show 58% chance of June rate cutThey show only a 5% chance of a rate cut in MayBy Karen Brettell May 1 (Reuters) - U.S. Treasury yields rose from three-week lows on Thursday after a better-than-expected manuf...Reuters
Thu, May 1
What to Watch in the Day Ahead - Friday, May 2
On the U.S. economic front, the Labor Department's Bureau of Labor Statistics will report non-farm payrolls, which are forecast to have increased by 130,000 jobs in April, down from 228,000 job additions in March. Meanwhile, private payrolls are expected to have grown by 125,000 jobs in April, f...Reuters
Thu, May 1
Reuters Econ World: Saudi Arabia’s oil price
Plus, Europe’s energy securityBy Carmel Crimmins May 1 (Reuters) - Hello there,Saudi Arabian officials are briefing allies that they can live with lower oil prices. That’s what sources are telling Reuters. It marks a potential major shift in policy after years spent balancing the market through d...Reuters
Thu, May 1
WRAPUP 2-Tariffs squeeze US manufacturing in April, lift input prices
Manufacturing sector slump persists in AprilNew factory orders, production, employment stay depressed Weekly jobless claims increase 18,000 to 241,000Continuing claims jump 83,000 to 1.916 millionBy Lucia Mutikani WASHINGTON, May 1 (Reuters) - U.S. manufacturing contracted for a second straight m...Reuters
Thu, May 1
Ford's April US sales rise 16%, EV sales plummet
By Nathan Gomes and Nora Eckert May 1 (Reuters) - Ford Motor F.N on Thursday reported a 16% rise in U.S. auto sales for April, aided by strong truck demand and its employee pricing program. Still, its EV sales fell 40%. Demand for vehicles has remained strong, with consumers trying to quickly sna...Reuters
Thu, May 1
US House votes to bar California 2035 electric vehicle plan
By David Shepardson WASHINGTON, May 1 (Reuters) - The U.S House of Representatives voted Thursday to bar California's landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states.The House backed legislation to repeal a waiver granted by the U.S...Reuters
Thu, May 1
TREASURIES-US yields rise after better than expected manufacturing report
ISM manufacturing PMI beats forecasts, but production and export orders declineTariffs strain supply chains and elevate input prices, delaying potential Fed rate cutsFed funds futures show 68% chance of June rate cut, 7% for May meetingBy Karen Brettell May 1 (Reuters) - Longer-dated U.S. Treasur...Reuters
Thu, May 1
Gloomy retail earnings show consumers are feeling the pinch of US tariffs
By Sruthi Shankar May 1 (Reuters) - Lackluster quarterly results from consumer-facing companies including McDonald's MCD.N and Harley-Davidson HOG.N are the latest sign that American shoppers are curbing spending amid shifting U.S. trade policies.McDonald's MCD.N posted a surprise decline...Reuters
Thu, May 1
Singapore PM asks voters to re-elect ministers who face rare close races
PM Wong urges voters to stick with his team in face of US tariffs, US-China tensionsLast day of campaigning ahead of May 3 electionSix parties and one independent candidate hold final ralliesBy Xinghui Kok SINGAPORE, May 1 (Reuters) - Singaporean Prime Minister Lawrence Wong called on Thursday fo...Reuters
Thu, May 1
USD/CAD ticks higher around 1.3820 despite USD Index gains sharply
The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) has attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data.
Fxstreet
Thu, May 1
Mexico's Sheinbaum says she spoke to Trump about trade balance in 'very positive' conversation
MEXICO CITY, May 1 (Reuters) - Mexican President Claudia Sheinbaum said on Thursday that she had a "very positive" conversation with her U.S. counterpart Donald Trump.In a post on X, Sheinbaum said that the two agreed that the countries' top finance, treasury, trade and economy officials...Reuters
Thu, May 1
US construction spending falls in March
WASHINGTON, May 1(Reuters) - U.S. construction spending unexpectedly fell in March amid broad declines in outlays on private and public projects.The Commerce Department's Census Bureau said on Thursday that construction spending dropped 0.5% after a slightly downwardly revised 0.6% increase in ...Reuters
Thu, May 1
US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected
The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March. This reading came in better than the market expectation of 48.Fxstreet
Thu, May 1
