Cold snap for U.S. April auto sales instead of spring thaw
DETROIT (Reuters) – Most major automakers on Tuesday posted lower new U.S. vehicle sales for April as consumer demand continued to weaken and competition intensified following a lengthy boom for the industry.
Wall Street pares losses after Lighthizer comments on China
NEW YORK (Reuters) – The S&P 500 pared early losses on Tuesday after a Trump administration official said he hoped to further open China’s economy to U.S. companies, though manufacturing data stoked concerns of rising costs that could cut corporate profits.
U.S. extended tariffs exemption for EU due to good trade talks: Ross
WASHINGTON (Reuters) – The European Union’s exemption from U.S. steel and aluminum tariffs was extended because of promising trade talks with Washington, U.S. Commerce Secretary Wilbur Ross said on Tuesday, adding that he does not expect the practice t…
Incoming BASF boss rules out DowDuPont-style break-up
FRANKFURT (Reuters) – The incoming boss of BASF has thrown his weight behind the chemical titan’s contentious strategy of keeping divergent businesses folded into one company, at a time when its major rivals such as DowDuPont are breaking themselves u…
U.S. factory activity slows further, tariff concerns grow
WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, with manufacturers complaining about rising commodity prices in the wake of the Trump administration’s tariffs on steel and aluminum imports.
No more #Euroboom? No problem, say investors
LONDON (Reuters) – Signs of fading growth momentum across Europe have come as bad news to equity investors hoping for a repeat of 2017’s bumper returns, but many say they’re not ready to throw in the towel yet on companies that are still delivering str…
Wall St falls as cost pressures rise, oil prices retreat
(Reuters) – U.S. stocks fell on Tuesday, driven by Pfizer’s discouraging results, tumbling oil prices and growing fears that tariffs and inflation could weigh on corporate profits.
Instead of spring bounce, a thud for U.S. April auto sales
DETROIT (Reuters) – Major automakers on Tuesday posted lower U.S. new vehicle sales in April as consumer demand continued to weaken and competition intensified following a lengthy boom for the industry.
Dollar turns positive for 2018, U.S. stocks fall
NEW YORK (Reuters) – The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy me…
Pfizer first-quarter results miss estimates as key drug sales fall short
NEW YORK (Reuters) – Pfizer Inc on Tuesday reported lower-than-expected first-quarter revenue as demand for some key drugs and international sales fell short of estimates, sparking a 5.1 percent drop in shares of the largest U.S. drugmaker.
