GM Stock Slumps as Tariff Exposure Alarms Investors
Automaker Hit Harder Than Rivals Amid Tariff Fallout As auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors took the brunt of the hit. Shares
Ferrari to Raise U.S. Prices by 10% Amid Tariffs
Price hikes on select models Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to
U.S. Growth Hits 2.4%, But Tariffs Threaten Outlook
Year-end consumer spending fuels fourth-quarter GDP The U.S. economy expanded at a 2.4% annualized rate in the final quarter of 2024, according to revised data from the Commerce Department released Thursday. The
British Steel Blast Furnaces Face Closure by June
Thousands of Jobs at Risk Amid Tariffs and Environmental Pressures China-owned British Steel said it could shutter its two blast furnaces in Scunthorpe as soon as June, potentially putting up to 2,700
Wall Street Wobbles as Trump Tariffs Hit Auto Sector
Markets react to new auto import duties US stocks slipped on Thursday after President Trump pushed ahead with hefty new tariffs on auto imports, stoking concerns about a potential full-on trade war
Trump Tariff Fears Push Copper Prices to Record High
New York copper hits all-time high Copper prices in New York hit an all-time high on Wednesday, with futures spiking to $5.374 per pound before settling at a record $5.24. The surge
UBS Offers Concessions to Avoid Tougher Swiss Rules
UBS Seeks Compromise on Regulation Two years after acquiring Credit Suisse, UBS is trying to preempt stricter regulatory measures by offering to limit its investment banking division and increase capital holdings, according
EU Urges Citizens to Stockpile for Crisis Scenarios
Call for Preparedness European Union citizens should stockpile enough food and essential supplies to sustain themselves for at least 72 hours in the event of a crisis, the EU Commission said in
Indonesia Ready to Intervene as Rupiah Nears 1998 Lows
Central bank monitoring markets The Indonesian central bank said it is ready to intervene to stabilise the rupiah, which on Wednesday stayed close to its lowest levels since 1998 even as officials
Amazon Expands AI Testing With Shopping and Health Tools
Amazon, in an effort to infuse generative artificial intelligence across a wider swath of its e-commerce universe, recently began testing a shopping assistant and a health-focused chatbot with a subset of users.