(Reuters) – The United States is proposing a “bridge” plan to extend the ceasefire in Gaza into April beyond Ramadan and Passover and allow time to negotiate a permanent cessation of hostilities, the White House said in a statement on Friday. The proposal was presented on Wednesday by U.S. special envoy Steve Witkoff and National […]
Chevron advances plans to develop US data centers with power generation
By Laila Kearney HOUSTON (Reuters) – Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week. Energy use for U.S. data centers, […]
Boeing lost trust of Americans, needs strict oversight, US official says
By David Shepardson WASHINGTON (Reuters) – U.S. planemaker Boeing lost its way and trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said in a Fox News broadcast on Friday. Duffy also said the Federal […]
5 Signs the Stock Market Might Have Bottomed
The stock market has been on a rollercoaster in 2025, with investors wondering whether the worst is behind us—or if more pain lies ahead. 📊 The Nasdaq 100 recently fell into correction territory, down over 10% from its highs. The S&P 500 has struggled to find support, and investor sentiment is near its lowest levels in […]
Morgan Stanley Research sees slowdown in M&A activity in the first half of 2025 amid volatility
(Reuters) – Investment banking is expected to experience a slowdown in the first half of 2025 as market volatility creates uncertainty for CEOs, boards and sponsors planning to negotiate and launch deals, Morgan Stanley Research said in a note on Thursday. We now expect capital markets activity to remain subdued for the first half of […]
JPMorgan engineers’ efficiency jumps as much as 20% from using coding assistant
By Haripriya Suresh BENGALURU (Reuters) – Tens of thousands of JPMorgan Chase software engineers increased their efficiency, delivering products 10% to 20% faster by using a coding assistant tool developed by the bank, its global chief information officer Lori Beer said. The gains present “a great opportunity” for the lender to assign its engineers to […]
Trump’s 200% Tariff on European Alcohol: How It Could Reshape Markets & Portfolio Strategies
A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey […]
Tesla says it can be a target to retaliatory tariffs
(Reuters) – Elon Musk’s Tesla said in a letter to the US trade representative Jamieson Greer that President Donald Trump’s trade war could make it a target for retaliatory tariffs against the U.S. “As a U.S. manufacturer and exporter, Tesla encourages USTR to consider the downstream impacts of certain proposed actions taken to address unfair […]
Adobe beats first-quarter revenue estimates on strong software demand
(Reuters) -Adobe beat Wall Street expectations for first-quarter revenue on Wednesday, benefiting from strong spending on its portfolio of design products that boast artificial intelligence features. The company reported revenue of $5.71 billion, beating estimates of $5.66 billion, according to data compiled by LSEG. Adobe reaffirmed its annual revenue forecast and its CEO said the […]
Global trade to grow despite US tariff policies, says DHL Group CEO
By Lisa Baertlein (Reuters) – Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump’s tariff policies, Germany’s DHL Group CEO Tobias Meyer told Reuters on Wednesday. “That outlook is mainly based on the 75% of global trade that does not touch the U.S.,” said Meyer, who […]