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Hilton cuts 2025 revenue growth forecast as US travel demand softens
By Aishwarya Jain April 29 (Reuters) - Hilton Worldwide HLT.N cut its forecast for 2025 room revenue growth on Tuesday, becoming the first U.S.-based hotel operator to temper its outlook as consumer spending on travel takes a hit from a global trade war.American consumers are growing cautious abo...Reuters
Tue, Apr 29
REFILE-US consumer confidence plunges in April
WASHINGTON, April 29 (Reuters) - U.S. consumer confidence slumped to a nearly five-year low in April as growing concerns over tariffs weighed on the economic outlook.The Conference Board said on Tuesday its consumer confidence index dropped 7.9 points to 86.0 this month, the lowest reading since May...Reuters
Tue, Apr 29
US job openings fall in March; layoffs decline
WASHINGTON, April 29 (Reuters) - U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing despite an ever-shifting tariffs policy casting a pall over the economy. Job openings, a measure of labor demand, decreased 288,000 to 7.192...Reuters
Tue, Apr 29
USD/JPY holds above 142.00 ahead of US JOLTS Job Openings data, BoJ policy eyed
The USD/JPY pair ticks higher to near 142.30 during the North American session on Tuesday. The pair edges up as the US Dollar (USD) steadies ahead of the United States (US) JOLTS Job Openings data for March, which will be published at 14:00 GMT.
Fxstreet
Tue, Apr 29
US goods trade deficit widens sharply in March
WASHINGTON, April 29 (Reuters) - The U.S. trade deficit in goods widened sharply in March as imports surged, suggesting that trade exerted a large drag on economic growth in the first quarter. The goods trade gap increased 9.6% to $162.0 billion, the Commerce Department's Census Bureau said on ...Reuters
Tue, Apr 29
A.O. Smith posts fall in quarterly revenue on lower water heater demand
April 29 (Reuters) - A. O. Smith AOS.N posted a year on year fall in first quarter net sales on Tuesday, as prolonged inflation in the U.S. and an economic slowdown in China hurt demand for its water heaters in the regions.The company is also bracing for a potential drag from U.S. President Donald T...Reuters
Tue, Apr 29
RPT-BREAKINGVIEWS-Trump’s low pain threshold limits economic damage
By Hugo Dixon TINOS, Greece, April 28 (Reuters Breakingviews) - Donald Trump has shown he has a low pain threshold. The U.S. president seems happy to bully those he considers weak. He does not seem so relaxed when there is a strong counter-reaction, especially from financial markets.This is mildl...Reuters
Tue, Apr 29
Hilton raises 2025 profit outlook as hotel operator banks on international travel
April 29 (Reuters) - Hotel operator Hilton Worldwide HLT.N liftd its forecast for 2025 profit, banking on international travel demand as domestic travel in the U.S. slows down amid fears of an economic recession. The McLean, Virginia-based company now expected full-year adjusted profit to be in ...Reuters
Tue, Apr 29
