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US inflation cools, consumer step up spending, as Americans brace for tariff impact

WASHINGTON (AP) — A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented. At the same time, consumers accelerated their spending, potentially in an effort to get ahead of the ...
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U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to ...
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US pending home sales post biggest gain in more than a year

WASHINGTON (Reuters) -Contracts to buy U.S. previously owned homes surged by the most in more than a year in March, boosted by a decline in mortgage rates. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, ...
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BNY asks employees to return to office four days a week by September

NEW YORK (Reuters) -Bank of New York Mellon has asked its employees to return to the office four days a week by September 2 from a current three days, according to a memo from the bank’s executive committee seen by Reuters. The move comes after ...
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Martin Marietta posts higher profit on strong demand for building materials

(Reuters) -Martin Marietta on Wednesday posted higher profit per unit, as steady infrastructure spending and investments in data center projects drove demand for its building and construction materials. The company also maintained its 2025 revenue forecast range of $6.83 billion to $7.23 billion and ...
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U.S. economy shrinks 0.3% in Q1 as Trump trade war disrupts business

The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs. The January-March expansion ...
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Climate change is making coffee more expensive. Tariffs likely will too

ROCHESTER, N.Y. (AP) — With her purple-and-pink hair swaying, Reneé Colón stands on a stepladder in the rented corner of a warehouse, pouring Brazilian coffee beans into her groaning old roasting machine. The beans are precious because they survived severe drought in a year when ...
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Equipment maker Caterpillar says tariffs may increase its Q2 costs by up to $350 million

Caterpillar said Wednesday it anticipates that tariffs may increase its second-quarter costs by up to $350 million as its first-quarter sales slipped on declining demand for its equipment. A lot of uncertainty remains over President Donald Trump’s trade war. On Tuesday Trump signed an order ...
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U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

The U.S. economy shrank at a 0.3% annual pace from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive ...
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Traders pare bets on Fed rate cuts in 2025, still see a June start

(Reuters) -Traders pulled back slightly from bets the Federal Reserve will cut interest rates by a full percentage point this year after a government report showed the economy contracted by an annualized 0.3% last quarter as American businesses rushed to buy imported goods ahead ...
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Brazil’s WEG warns of global uncertainty as Q1 earnings miss estimates

SAO PAULO (Reuters) -Brazilian motor maker WEG reported a 16.4% year-on-year rise in its first-quarter net profit on Wednesday, but fell short of market expectations as it warned about global uncertainties. WEG’s net profit in the January-March period reached 1.54 billion reais ($274 million), it ...
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US labor costs rise moderately in first quarter

WASHINGTON (Reuters) -U.S. labor costs increased moderately in the first quarter as economic uncertainty caused by tariffs cools demand for labor. The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.9% in the first quarter after a similar increase in the ...
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