Peloton to cut more jobs, forecasts strong 2026 revenue; shares rise
By Aishwarya Jain (Reuters) -Peloton Interactive forecast 2026 revenue above estimates and said it would cut 6% of its global…
Year: 2025
US expects $50 billion a month in tariff revenues, US Commerce chief Lutnick says
By Andrea Shalal and Maiya Keidan WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country…
Reactions to Trump demanding Intel CEO’s resignation
(Reuters) -U.S. President Donald Trump has demanded the immediate resignation of Intel CEO Lip-Bu Tan over concerns of his extensive…
US federal courts say their systems were targeted by recent cyberattacks
WASHINGTON (Reuters) -The federal judiciary’s information technology systems have been targeted by “recent escalated cyberattacks of a sophisticated and persistent…
Fed’s Powell has ‘utmost integrity’, says Bank of England’s Bailey
LONDON (Reuters) -U.S. Federal Reserve Chair Jerome Powell is a man of “utmost integrity”, Bank of England Governor Andrew Bailey…
General Motors, Hyundai to develop vehicles together amid China EV competition
By Hyunjoo Jin, Heejin Kim and Nora Eckert (Reuters) -General Motors and Hyundai Motor on Wednesday outlined plans to develop…
Study attributes 440 ‘excess deaths’ to January’s Los Angeles wildfires
By Steve Gorman LOS ANGELES (Reuters) -Wildfires that devastated parts of the Los Angeles area in January indirectly led to…
Trump’s higher tariff rates hit goods from major US trading partners
By David Lawder and Andrea Shalal (Reuters) -President Donald Trump’s higher tariff rates of 10% to 50% on dozens of…
Allianz posts better-than-expected Q2 profit and confirms target
FRANKFURT (Reuters) -Germany’s Allianz on Thursday posted a better-than-expected 13% rise in second-quarter net profit and confirmed its target for…
India’s Modi says will not compromise interests of farmers, amid Trump’s tariff salvo
By Manoj Kumar and Sarita Chaganti Singh (Reuters) -Indian Prime Minister Narendra Modi said on Thursday he will not compromise…