US first-quarter auto sales get a lift from looming Trump tariffs
By Nathan Gomes(Reuters) -U.S. buyers snapped up more pickup trucks and sport-utility vehicles in the first quarter from a year earlier in the run-up to President Donald Trump’s tariffs on auto imports, which could raise prices by thousands of dollars.General...
Exclusive-BHP considered spinning off iron ore, coal divisions
By Melanie BurtonMELBOURNE (Reuters) – The world’s biggest listed miner BHP Group considered spinning off its Australian iron ore and coal divisions as part of a medium-term growth strategy, three sources with knowledge of the matter told Reuters.As part...
Meta signs multi-year partnership with UFC
(Reuters) – Meta Platforms has signed a multi-year deal to become the first “official fan technology partner” of Ultimate Fighting Championship (UFC), whose CEO was elected to the Facebook-parent’s board in January.Under the deal, Meta will...
Pre-tariff cars at US dealer lots a buffer against price hikes
By Nick Carey and Nora EckertLONDON/DETROIT (Reuters) – Automakers with plenty of cars on dealer lots have a time advantage as they hone their strategies for passing on President Donald Trump’s 25% tariffs, while Toyota’s lean inventories could force...
Amazon bids to buy TikTok as deadline looms, New York Times reports
(Reuters) -Amazon.com has put in a last-minute offer to buy all of short-form video app TikTok, the New York Times reported on Wednesday, citing three people familiar with the bid.U.S. President Donald Trump will consider on Wednesday a final proposal related to...
Trump administration adds beer, can imports to 25% US aluminum tariffs
By David LawderWASHINGTON (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...March hedge fund stock selloff buoys some, costs others, sources say
By Nell Mackenzie and Carolina MandlLONDON (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...
Tesla’s new car sales in Italy down 7% in first quarter despite 51% jump in March
MILAN (Reuters) – Tesla’s new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday.The quarterly number adds to...