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...
BlackRock’s Fink warns of protectionism amid private market push
By Iain Withers and Ross KerberLONDON/BOSTON (Reuters) -BlackRock Chief Executive and Chairman Larry Fink on Monday said “protectionism has returned with force,” a development he said stemmed from a wealth divide that could be countered by offering more...Toyota says it will maintain operations despite US tariffs
TOKYO (Reuters) – Toyota will keep running its operations as it has been and focus on bringing down fixed costs, it said on Monday, not expressing any intention to raise vehicle prices in response to U.S. President Donald Trump’s tariffs.Japanese domestic...