News
Important Only
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
US manufacturing sectors slump deepens in April
WASHINGTON, May 1 (Reuters) - U.S. manufacturing contracted further in April while tariffs on imported goods were straining supply chains, keeping prices paid for inputs elevated.The Institute for Supply Management (ISM) said on Thursday that its manufacturing PMI dropped to a five-month low of 48.7...Reuters
Thu, May 1
Builders FirstSource cuts 2025 revenue forecast on weak housing demand
May 1 (Reuters) - Builders FirstSource BLDR.N on Thursday trimmed its annual revenue forecast, after reporting a decline in first-quarter profit and sales due to persistently weak housing construction as well as affordability issues.Elevated mortgage rates and tariff-driven macroeconomic uncertainty...Reuters
Thu, May 1
