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Trump eases auto tariffs burden as Lutnick touts first foreign trade deal
WASHINGTON/DETROIT, April 29 (Reuters) - U.S. President Donald Trump signed a pair of orders to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner.Reuters
21 hours ago
UPS to cut 20,000 jobs on reduced Amazon deliveries, as US tariffs weigh
UPS is reducing Amazon shipping and delivery volumes by 50%Tariffs could usher in biggest trade disruption in more than a century, UPS CEO saysTariffs are reducing demand for delivery and shippingChina tariffs could hit Amazon, Temu, Shein and other customers hard By Abhinav Parmar, Lisa Baertlein ...Reuters
23 hours ago
Trump set to soften auto tariffs after industry pushback
Trump administration touts deal to aid US auto manufacturersDuties to be cut on foreign parts, but not those from ChinaAuto makers would receive credits on value of vehicles assembled in USAuto companies had appealed to Trump for tariff relief By Andrea Shalal and David Lawder WASHINGTON, April 2...Reuters
Tue, Apr 29
PayPal beats profit targets, flags spending pull forward amid economic uncertainty
Earnings exceed estimates as spending holds upExecutives say consumer remains healthyPayPal reiterates annual forecast despite uncertaintyBy Arasu Kannagi Basil April 29 (Reuters) - PayPal PYPL.O beat Wall Street estimates for first-quarter earnings and stuck to its annual profit forecast on Tues...Reuters
Tue, Apr 29
Gold consolidates as tariff fears start to fade
Gold price (XAU/USD) is entering a consolidation phase and is trading in a more narrow range day by day, currently trading around $3,315 at the time of writing on Tuesday. The consolidation comes as traders and markets tweak their positioning in the precious metal ahead of a possible announcement...
Fxstreet
Tue, Apr 29
PREVIEW: Coca-Cola Q1 EPS seen dipping, rev estimated to rise
Shares in Coca-Cola KO.N lose a little fizz in broader market decline, down ~0.7% on Monday; Q1 report due before market open on Tuesday.Wall Street sees the soft drinks co reporting adj EPS of $0.71 vs $0.72 in year-ago quarter on rev of $11.14 bln vs $11.23 bln year-ago, according to latest d...
Reuters
Tue, Apr 29
Dollar struggles to regain ground on US-China trade standoff
April 29 (Reuters) - The dollar recouped some of its losses on Tuesday, supported by reports that the U.S. administration may ease planned tariffs, although investor caution lingered over whether a meaningful de-escalation in the U.S.-China trade conflict was in motion.Reuters
Tue, Apr 29
HSBC sounds Trump tariff alarm, taking shine off Q1 profit beat and buyback
Q1 profit before tax of $9.5 bln, vs forecasts for $7.8 blnBank warns of heightened economic risks from Trump tariffsHSBC could book extra $500 mln in credit losses if slowdown hitsHSBC launches $3 billion share buybackBy Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON, April 29 (Re...Reuters
Tue, Apr 29
European shares edge higher as earnings roll in, tariff watch continues
April 29 (Reuters) - European shares nudged higher on Tuesday as investors assessed a spate of corporate earnings, monitored potential tariff moves, and awaited key economic data. The pan-European STOXX 600 index .STOXX was up 0.2%, as of 0712 GMT, but on track for a second consecutive monthly...Reuters
Tue, Apr 29
Deutsche Bank posts 39% rise in first-quarter profit, but tariffs weigh
Makes additional provisions for possible tariff impactBank makes up losses incurred during 2015-2019On track to meet 2025 targets, CEO saysBy Tom Sims and Matthias Inverardi FRANKFURT, April 29 (Reuters) - Deutsche Bank DBKGn.DE on Tuesday posted a 39% rise in first-quarter profit after its globa...Reuters
Tue, Apr 29
Yuan hits highest level since April 2 as China holds ground
HONG KONG, April 29 (Reuters) - China's yuan rose on Tuesday to its strongest level against the U.S. dollar in nearly a month, recovering from losses sustained after the U.S. announced hefty tariffs, as Beijing signalled a commitment to currency stability.
Reuters
Tue, Apr 29
Volvo Cars to cut costs by $1.9 bln as earnings drop
STOCKHOLM, April 29 (Reuters) - Sweden-based Volvo Cars VOLCARb.ST launched cost cuts of 18 billion Swedish crowns ($1.87 billion) on Tuesday as its operating profit fell heavily amid difficult market conditions for the automotive industry.Operating profit at the company, which is majority-owned by ...Reuters
Tue, Apr 29
One of first US trade deals may be with India, Treasury's Bessent says
WASHINGTON, April 28 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said many top trading partners of the United States had made 'very good' proposals to avert U.S. tariffs, and one of the first deals to be signed would likely be with India.Reuters
Tue, Apr 29
After yield surge, US Treasury expected to keep auction sizes steady
NEW YORK, April 28 (Reuters) - The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for the fifth straight quarter when it announces its refunding plans this week, but investors will focus on any clues about increases further down the road, or on the likelihood of aReuters
Tue, Apr 29
S&P 500 ekes out slight gain with data, megacap earnings eyed
NEW YORK, April 28 (Reuters) - The S&P 500 closed a choppy session nearly unchanged on Monday, weighed down by megacaps as investors awaited several catalysts including key economic data and earnings from some of the largest U.S. companies.Reuters
Tue, Apr 29
Alibaba unveils Qwen3, challenges industry leaders
Investing.com -- Alibaba Group Holdings Ltd ADR (NYSE:BABA) introduced its next-generation large language model series, Qwen3, on Tuesday, expanding its AI offerings across a range of model sizes and architectures. The release includes eight open-weight models, six dense and two mixture-of-experts (
Investing.com
Tue, Apr 29
China's foreign ministry says Xi and Trump did not have a call recently
BEIJING, April 28 (Reuters) - China's foreign ministry on Monday said President Xi Jinping had not spoken to Donald Trump recently, nor were their respective administrations trying to strike a tariff deal, contradicting the U.S. president's claim in an interview with Time magazine.Reuters
Tue, Apr 29
Trump's first 100 days: America First president is overturning world order
Countries consider defense boosts, closer China ties amid U.S. policy shiftsExperts warn of lasting damage to U.S. relations with traditional alliesWhite House says Trump is taking swift action to bring peace and prosperityBy Matt Spetalnick, John Geddie, Lili Bayer WASHINGTON/TOKYO/BRUSSELS, Apr...Reuters
Mon, Apr 28
US natgas prices slide 2% to five-month low on mild weather, rising gas in storage
April 28 (Reuters) - U.S. natural gas futures slid 2% to a five-month low on Friday on rising output and forecasts for mild weather through mid-May that will limit heating and cooling demand, allowing utilities to keep putting more gas than usual into storage.Reuters
Mon, Apr 28
Nio stock added to 30-day positive catalyst watch at Citi
Investing.com -- Citi has placed Nio (NYSE:NIO) stock on a 30-day positive catalyst watch amid expectations of a faster-than-expected rollout of new models, the upcoming launch of the new driver-assistance system and chip upgrades, and improving cost dynamics.
Investing.com
Mon, Apr 28
Has the Weak Dollar Trend Ended? Goldman: The Worst Days of Dollar Depreciation Are Still Ahead
TradingKey - Despite the U.S. Dollar Index (DXY) falling below the 100 mark, the chorus of bearish calls on the dollar from Wall Street has not abated. Goldman Sachs believes that the negative impact of Trump's tariff policies on the U.S. economy may only become apparent in the summer, leaving...TradingKey
Mon, Apr 28