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SEOGWIPO, South Korea (Reuters) -South Korea's minister of trade and industry Ahn Deuk-geun said on Friday that he met U.S. Trade Representative Jamieson Greer and asked again for a waiver from Washington's tariff measures. Ahn also sai...
Wed, May 14, 2025Shares of American Eagle Outfitters (AEO) are tumbling before Wednesday's opening bell after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and...
May 14, 2025BEIJING (Reuters) -Chinese e-commerce platforms are offering discounts of up to 2,530 yuan ($351) on Apple's (AAPL) latest iPhone 16 models, an effort to spur sales as first-quarter shipments by the U.S. tech giant fell further in its seco...
Tue, May 13 2025 OpenAI said last week that it would restructure in a format that allows its non-profit entity to retain ultimate control, a plan that on Tuesday received the blessing of one of the U.S. artificial intelligence startup’s biggest back...
The U.S.-China agreement over the weekend to slash outsize reciprocal tariffs during a 90-day pause in their trade war is expected to notably boost America’s projected economic growth this year, curtail inflation and reduce recession risks, economists sa...
May 12, 2025 LOUISVILLE — On a recent spring day, Gerardo Serrano works with the thoroughbred racehorses at a barn at Churchill Downs, the famous racecourse that hosts the Kentucky Derby. The 1,000-pound animals peep their heads from the...
Fri, May 9, 2025 LONDON (Reuters) -Britain on Friday announced a 1 billion pound ($1.33 billion)funding deal for a new AESC gigafactory which will manufacture electric vehicle batteries. Japanese-headquartered battery maker AESC will build the f...
President Trump announced his first deal on Thursday since launching a global trade war. He unveiled a limited pact with the United Kingdom that would lower barriers on some goods, such as automobiles and agriculture, while leaving many details yet to be...
Wed, May 7, 2025The Federal Reserve is widely expected to hold interest rates steady at the conclusion of its policy meeting Wednesday, but the path forward is anything but certain for Jerome Powell. Investors will be listening closely to the central...
China expanded its gold (GC=F) reserves for a sixth straight month in April, underlining its push to boost holdings of the precious metal as prices trade near a record and the trade war rumbles on. Bullion held by the People’s Bank of China rose by...
May 6, 2025 WASHINGTON — The Trump administration on Monday asked a judge to toss out a lawsuit from three GOP-led states seeking to cut off telehealth access to abortion medication mifepristone. Justice Department attorneys stayed the legal co...
Investors in Hollywood’s top studios and streaming services tried to make sense Monday of President Donald Trump’s proposed 100% tariff on movies made overseas. Shares of Netflix, Disney, Paramount and Warner Bros. Discovery briefly...