By Jody Godoy (Reuters) -The U.S. Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.” Jonathan Cohen, an attorney for the FTC, told U.S. District…
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds accelerated the unwinding of stock positions on Monday, mainly in the industrial sector, as they seek to reduce risk amid a selloff in U.S. stocks, according to Goldman Sachs notes. The bank said in a note that the de-risking had accelerated from Friday, a trend it…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets Wall Street’s failure to bounce back from its recent beating on news of a potential ceasefire between Ukraine and Russia shows just how worried investors are about the growth and market impact from U.S. President Donald Trump’s tariff…
By David French HOUSTON (Reuters) – Kimmeridge Energy Management will pursue more activism among Canadian oil and gas producers, a senior executive told Reuters on Tuesday, as it targets underperforming companies and potential benefits emanating from the trade war with the United States. President Donald Trump has ratcheted up tariffs on his country’s northern neighbor,…
(Reuters) – U.S. President Donald Trump’s trade adviser Peter Navarro said on Tuesday that an increased tariff of 50% on Canadian steel and aluminum will not take effect on Wednesday. Earlier in the day, Trump had ordered that an across-the-board tariff of 25% on all steel and aluminum imports that is slated to take effect…
(Reuters) – Oracle CEO Safra Catz said that the company’s large sales backlog will help drive 15% growth in its revenue next fiscal year, surpassing analysts’ current estimates as it expands its artificial intelligence cloud services. Analysts expect revenue growth for its fiscal 2026 to be 12.6%, according to data compiled by LSEG. Shares of…
NEW YORK (Reuters) -Hedge funds reduced their exposure to stocks on Friday at the largest amount in more than two years, according to a Goldman Sachs note released on Monday. The bank added some hedge funds’ large moves on Friday could be compared to what was seen in March 2020, during the breakout of the…
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Monday slashed its profit estimates for the current quarter through March, citing increased macroeconomic uncertainty. The Atlanta-based company said it now expects a profit in the range of 30 cents-50 cents a share, compared with 70 cents and $1 a share estimated in January. Analysts…
WASHINGTON (Reuters) -U.S. President Donald Trump plans to sign an executive order on Monday designed to empower state and local governments and citizens to handle disaster preparations and relief, a White House official said. The order is in keeping with Trump’s drive to place more responsibility for disaster response to states and away from the…
LONDON (Reuters) -IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores’ company LzLabs, which the IT giant accused of stealing trade secrets. IBM sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously owned Major League Baseball’s San Diego Padres team and founded information technology company…
