By Howard Schneider and Ann Saphir PALO ALTO, California (Reuters) -The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump’s tariff and other policies before figuring out the right response, Cleveland Federal Reserve President Beth Hammack said on Friday, noting that much of the administration’s sweeping agenda remains…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Cautious stability World markets traded on a solid footing this week as the Trump administration struck what could be the first of “dozens” of trade deals in the coming weeks, and as investors cheered this weekend’s US-China trade talks in Switzerland. The S&P 500 and Nasdaq…
(Reuters) -Nippon Steel Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval of its $15 billion bid for U.S. Steel, a person familiar with the matter said. Semaphor, which first reported news of the visit, said Mori would meet with Trump administration officials during the trip,citing sources….
WASHINGTON (Reuters) – U.S. President Donald Trump had a “very good and productive” call with Ukrainian President Volodymyr Zelenskiy on Thursday, the White House said, adding that Trump hopes both Ukraine and Russia will agree next week to a proposed 30-day ceasefire. White House spokeswoman Karoline Leavitt, speaking to reporters at a White House briefing…
(Reuters) -Online travel platform Expedia missed Wall Street estimates for quarterly revenue on Thursday, due to weaker than expected demand in the U.S., as the industry braces for a slowdown amid slower consumer spending. Shares of the company were down close to 5% in after-market trading. They have fallen more than 9% since the start…
WASHINGTON (Reuters) -Microsoft does not allow its employees to use an artificial intelligence app developed by Chinese AI startup Deepseek, due to concerns related to data vulnerability as well as Chinese propaganda, President Brad Smith said on Thursday. Speaking at a Senate hearing on winning the AI race with China, Smith said the company also…
(Reuters) -Paramount Global beat Wall Street estimates for first-quarter revenue and profit on Thursday, driven by a growth in its direct-to-consumer and filmed entertainment businesses. The company’s direct-to-consumer business, which includes streaming platforms Paramount+, BET and PlutoTV, was strengthened by its originals and post-theatrical releases such as “Gladiator II”. The segment posted revenue of $2.04…
(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS mobile platform, allowing users to ask for content in natural and everyday language. The updates arrive as the streaming giant seeks to maintain and expand its market share amid growing uncertainties and concerns about a…
(Reuters) -Beyond Meat on Wednesday withdrew its annual sales target as macroeconomic volatility and high inflation in the United States added further pressure on faux-meat makers already struggling with weak consumer demand. It had earlier forecast annual net revenue of $320 million to $335 million. The company’s shares were down 5.5% in extended trading after…
By Fabian Cambero SANTIAGO (Reuters) -Amazon’s cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company’s head of South Latin America told Reuters. Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and Mexico, to be operational by…
