News
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UK antitrust regulator imposes $100.43 million fine on carmakers, trade bodies
April 1 (Reuters) - Ten carmakers, including BMW BMWG.DE and Ford F.N, and two trade bodies have reached a settlement with the UK's antitrust regulator to pay 77.7 million pounds ($100.43 million) in fine after admitting to breaking vehicle recycling-related competition law, Competition and Mark...Reuters
Tue, Apr 1
Economic Indicator
Tesla's new car sales in Italy down 7% in first quarter despite 51% jump in March
MILAN, April 1 (Reuters) - Tesla's TSLA.O new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday.The quarterly number adds to signs that drivers are sh...Reuters
Tue, Apr 1
Commodities
Tyson, other pork producers lose bid to knock out price-fixing class actions
By Mike Scarcella April 1 (Reuters) - Tyson Foods and other top pork producers must face lawsuits from consumers and other buyers accusing them of a conspiracy to restrict supply and fix prices, causing billions of dollars in overcharges, a U.S. judge in Minnesota has ruled.U.S. District Judge Jo...Reuters
Tue, Apr 1
Other
US Transportation Department sends new buyout offer to employees
By David Shepardson WASHINGTON, April 1 (Reuters) - The U.S. Transportation Department on Tuesday sent thousands of employees a new buyout offer to leave government service in exchange for pay and benefits through Sept. 30.The USDOT offer - which requires employees to decide by April 7 - exempts ...Reuters
Tue, Apr 1
Cryptocurrencies
Taiwan advances crypto regulation with two drafts of “Virtual Asset Service Act”
Taiwan is on the fast track to regulating crypto by introducing mandatory licenses for every firm trading digital assets. The Financial Supervisory Commission (FSC) and a member of the Legislative Yuan have drafted separate versions of the “Virtual Asset Service Act,” which, if enacted, would change the country’s crypto framework. The FSC released its draft […]Cryptopolitan
Tue, Apr 1
Other
Mercedes-Benz: report on plans to withdraw cheaper cars from U.S. "without merit"
April 1 (Reuters) - Mercedes-Benz MBGn.DE denied a report by Bloomberg News on Tuesday which said that the carmaker was considering withdrawing its cheapest models in the U.S. ahead of an added 25% tariff to be imposed on auto imports."This is without any merit. Mercedes-Benz continues to seek s...Reuters
Tue, Apr 1
Commodities
First Quantum shares rise after company drops arbitration against Panama
By Divya Rajagopal April 1 - First Quantum Minerals' FM.TO shares rose by as much as 3% on the Toronto Stock Exchange early on Tuesday after the company said it had discontinued arbitration proceedings against the Panama government.The decision, announced on Monday, raises the prospect of neg...Reuters
Tue, Apr 1
Stocks
US STOCKS-Wall Street bounces back as investors await Trump tariffs
Indexes up: Dow 0.1%, S&P 500 up 0.4%, Nasdaq up 0.9%PVH rises after upbeat annual forecastJ&J falls after judge rejects $10 bln baby powder settlementBy Sruthi Shankar and Pranav Kashyap April 1 (Reuters) - U.S. stock indexes bounced off session lows on Tuesday, helped by gains in heavyw...Reuters
Tue, Apr 1
Other
Fourth missing US Army soldier found dead in Lithuania
COPENHAGEN, April 1 (Reuters) - A fourth U.S. Army soldier, who together with three others went missing in Lithuania last week when their vehicle sank in a peat bog, has been found dead, U.S. and Lithuanian officials said on Tuesday.The three other soldiers were found dead on Monday after rescuers r...Reuters
Tue, Apr 1
Other
Ghibli effect: ChatGPT usage hits record after rollout of viral feature
ChatGPT's image tool update boosts website visits, app downloadsAdded 1 million users in the last hour, Altman said on MondayAverage weekly active users breached 150 million markBy Akash SriramApril 1 (Reuters) - The frenzy to create Ghibli-style AI art using ChatGPT's image-generation tool ...Reuters
Tue, Apr 1
Stocks
Capri's finance and operations head joins Macy's; both stocks rise
** Shares of department-store chain Macy's M.N rise as much as 3.9% to $13.05** Michael Kors owner Capri's CPRI.N COO and CFO Thomas Edwards appointed in similar roles at Macy’s, effective June 22** Shares of Capri up ~1% at noon** Macy's current CEO and CFO Adrian Mitchell to continue ...Reuters
Tue, Apr 1
Other
New Mexico Health Department Reports 48 Measles Cases As Of April 1
April 1 (Reuters) - NEW MEXICO HEALTH DEPARTMENT REPORTS 48 MEASLES CASES AS OF APRIL 1 - WEBSITENEW MEXICO HEALTH DEPARTMENT REPORTS 46 MEASLES CASES IN LEA COUNTY AS OF APRIL 1 - WEBSITESource text: [ID:]Further company coverage: [ ]Reuters
Tue, Apr 1
Other
Continental says North America light vehicle output down over 'economic uncertainty'
BERLIN, April 1 (Reuters) - Continental AG CONG.DE expects production of light vehicles in North America to fall by around 7% in the first quarter, the German auto supplier said on Tuesday, citing "economic uncertainty" ahead of looming tariffs on the sector.In the group's automotive div...Reuters
Tue, Apr 1
Commodities
METALS-Copper hits lowest in nearly three weeks on tariff angst
By Eric Onstad LONDON, April 1 (Reuters) - Copper prices slipped to their lowest in nearly three weeks on Tuesday, on course for a fifth consecutive session of losses as uncertainty over U.S. tariffs outweighed positive data from top metals consumer China.Benchmark three-month copper CMCU3 on the...Reuters
Tue, Apr 1
Stocks
BofA upgrades Dollar General on improved visibility on retailer’s recovery path
Investing.com -- Bank of America upgraded Dollar General (NYSE:DG) to "Overweight" from "Marketweight," saying it sees improved visibility on the retailer’s recovery path.Dollar General is expected toInvesting.com
Tue, Apr 1
Other
White House: Force should not be used to change Taiwan strait's status quo
April 1 (Reuters) - The White House on Tuesday said there should be no unilateral attempts to change the status quo across the Taiwan strait including by force or coercion, after China staged military drills off Taiwan's north, south and east coasts."We remain committed to maintaining peace ...Reuters
Tue, Apr 1
Other
UBS ditches weapons exclusion from sustainable investment criteria
By Naomi Rovnick and Iain Withers LONDON, April 1 (Reuters) - UBS's UBSG.S asset management arm has become the latest European money manager to ditch some exclusions on investments in defence companies as private investors race to enable their funds to finance the region's rearmament driv...Reuters
Tue, Apr 1
Cryptocurrencies
Ripple (XRP) Price Dips 10% As Investors Buy Mutuum Finance (MUTM) For 16x ROI
Ripple (XRP) splashed down 10% in a week and is looking once again for a $2 support level, now complete test number four. Now waning buy pressure threatens to pull its price below this psychological floor, raising the prospect of a 5% drop to $1.95. Technical indicators point to a faltering bullish momentum, with the Chaikin Money […]Cryptopolitan
Tue, Apr 1
Other
Trump urges Senate Republicans to reject protest vote on tariffs
WASHINGTON, April 1 (Reuters) - Donald Trump urged his fellow Republicans in the U.S. Senate to vote against a measure rebuking his tariff policy that is tied to the fentanyl emergency the president declared involving Canada."Republicans in the Senate MUST vote to keep the National Emergency in ...Reuters
Tue, Apr 1
