By Jessica DiNapoli, Juveria Tabassum NEW YORK (Reuters) -Procter & Gamble is betting consumers will shell out for $380 electric toothbrushes, spruced-up Pampers diapers and pocket-sized Always pads, which command higher prices, to offset new costs from the Trump administration’s erratic tariff policy. Without the ability to easily move sourcing out of China, P&G is…
By Richa Naidu, Hyunjoo Jin and Jessica DiNapoli LONDON/SEOUL/NEW YORK (Reuters) -Businesses across multiple industries are hiking prices, backing away from previous financial guidance and warning of growing uncertainty as U.S. President Donald Trump’s trade war pushes up costs, upends supply chains and stirs concerns about the global economy. Earnings releases on Thursday showed that…
(Reuters) – JPMorgan Chase has promoted 227 employees in its commercial and investment bank (CIB) division to the coveted role of managing director, according to a memo seen by Reuters on Thursday. Among the newly appointed MDs, 184 are part of CIB’s core businesses, including global banking, markets, payments and securities services. The managing director…
By Douglas Gillison and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has lost 16% of its workforce since this time last year, two sources briefed on the matter said, leaving Wall Street’s top regulator with gaps across key divisions at a time of market turmoil. Most of those staff members left…
By Trevor Hunnicutt and Timothy Aeppel WASHINGTON (Reuters) -President Donald Trump could sign as soon as Wednesday an order to improve job training for skilled trades, an initiative twinned with tariffs in his gambit to revive U.S. manufacturing, a White House summary seen by Reuters showed. The Labor, Education and Commerce departments will focus on…
WASHINGTON (Reuters) -The recent shifts in asset portfolio allocations away from the dollar may represent a move from overweighting dollar assets to a more natural weighting between dollars and other currencies, including the euro, European Central Bank executive board member Philip Lane said on Wednesday. Lane told a panel discussion at an Institute of International…
(Reuters) – Chipotle Mexican Grill on Wednesday tempered its annual comparable sales growth forecast as sticky inflation and economic uncertainty force consumers to rein in spending on dining out. The company’s shares were down 5% in after-hours trading. They have fallen about 22% so far this year. Chipotle now expects annual comparable sales growth in…
By Arsheeya Bajwa (Reuters) -IBM said on Wednesday it expects second-quarter revenue above Wall Street estimates, betting on resilient demand for its software services amid economic uncertainty brought on by U.S. President Donald Trump’s tariffs. Shares of the company were up 3.9% after the bell. The move marked a break from IBM’s long-standing practice of…
(Reuters) – JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards…
By Shadia Nasralla (Reuters) -Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday. Elliott has increased its stake in BP to just over 5%…
