Oil plunges to lowest since pandemic; natural gas, soy slump as China retaliates
By Anna Hirtenstein(Reuters) – Oil prices plunged on Friday to the lowest level since 2021 and commodities including natural gas and soybeans also dived as China retaliated against U.S. President Donald Trump’s aggressive tariffs. Beijing put forward a 34%...
Elon Musk can stay ‘as long as he likes’ but will want to get back to businesses, says Trump
By Trevor HunnicuttABOARD AIR FORCE ONE (Reuters) – President Donald Trump gave billionaire adviser Elon Musk a fresh endorsement on Thursday amid criticism of Musk’s government reduction project and said he can stay “as long as he likes” but...
Trump’s tariffs are largest US tax hike since 1968, JPM warns
NEW YORK (Reuters) – U.S. President Donald Trump’s cumulative tariff hikes amount to about 22%, which would be equivalent to the biggest U.S. tax increase since 1968, according to a note from JPMorgan.The bank has raised its risk of global recession to...
US Senate committee opens review into Meta efforts to gain Chinese market access
By David ShepardsonWASHINGTON (Reuters) -A U.S. Senate investigative subcommittee on Tuesday opened a review into efforts by Facebook parent Meta Platforms to gain access to the Chinese market and is seeking documents from the company.Senator Ron Johnson, who chairs...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...
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