By Nell Mackenzie and Carolina Mandl LONDON (Reuters) -Turbulent March markets stalled positive returns for some of the biggest global hedge funds while systematic and some smaller, more nimble funds ended the first quarter with positive returns, according to sources familiar with the matter. As investors adjusted to seismic shifts in German policies and growing…
By David Lawder WASHINGTON (Reuters) -The Trump administration on Wednesday said it was slapping a 25% tariff on all beer imports, adding the beverage and empty aluminum cans to a list of derivative products subject to its tariffs on aluminum. The Commerce Department said in a Federal Register notice that duties on beer and empty…
By Akash Sriram and Abhirup Roy (Reuters) -Tesla’s quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk’s politics, rising global competition, and people waiting for a refresh to its highest-selling electric vehicle Model Y. The stumbling sales indicate that the one-time leading brand is reeling…
By Dawn Chmielewski, Anna Tong and Greg Bensinger (Reuters) -As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring for TikTok. The site…
