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US stock futures fall after first-quarter GDP data

(Reuters) – U.S. stock index futures fell after a worse-than-expected GDP reading for the first quarter stoked worries of a slowdown in the world’s largest economy amid a global trade war. Gross domestic product (GDP) fell 0.3% in the quarter, a ...
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Trump tariff whiplash forces more automakers to scrap profit guidance

LONDON (Reuters) -Unable to predict the impact of U.S. President Donald Trump’s ever-changing trade war, Stellantis and Mercedes-Benz became the latest automakers on Wednesday to yank their profit guidance citing market uncertainty wrought by tariffs. Volkswagen issued guidance at the bottom end of its forecast, ...
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Microsoft pledges to protect European operations and unveils data center expansion

LONDON (AP) — Microsoft pledged Wednesday to fight any U.S. government order to halt data center operations in Europe as it sought to soothe concerns among European customers that trans-Atlantic tensions would lead to service disruptions. The company’s president, Brad Smith, said it’s not ...
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EV maker Polestar pauses annual forecast amid tariff uncertainty

(Reuters) -Polestar paused its 2025 forecast on Wednesday as the electric-vehicle maker braces for a potential hit from sweeping U.S. tariffs that threaten to roil supply chains and push up car prices. The Swedish company reported strong first-quarter sales earlier this month, but CEO Michael ...
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Etsy tops quarterly revenue estimates on steady demand for apparel, gifts

(Reuters) -Online marketplace Etsy beat Wall Street estimates for first-quarter revenue on Wednesday, signaling steady demand for gifts and handcrafted goods as well as its resale apparel platform, Depop. Consumers turned to the e-commerce platform to buy items ranging from demi-fine jewelry to decor during ...
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UBS had ‘okay-ish’ start to Q2 but uncertainty could impact client activity- CFO says

By Stefania Spezzati and Ariane Luthi LONDON (Reuters) -Swiss bank UBS had an “okay-ish” start to the second quarter due partly to market volatility induced by U.S. tariffs, but if increased uncertainty persists it “will have an impact on our activity levels with our ...
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Miu Miu’s momentum powers Prada sales growth

MILAN (Reuters) -Net revenues at Italian luxury group Prada rose 12.5% at constant exchange rates in the first quarter, slightly above analysts expectations, thanks to a 60% jump in retail sales at its smaller brand Miu Miu. The group, which this month struck a $1.38 ...
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US House Republicans to drop $20 vehicle registration fee, boost proposed EV fee to $250

WASHINGTON (Reuters) – U.S. House Republicans will drop a proposed $20 federal annual registration fee on all vehicles starting in 2031 to fund road repairs and will now propose a new $250 annual fee on electric cars as part of ...
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US economy expected to have slowed sharply at start of Trumps 2nd term

(WASHINGTON) -- Government data to be released on Wednesday is expected to show a sharp economic slowdown over the initial months of President Donald Trump’s second term as a flurry of tariff proposals stoked uncertainty among businesses and consumers, analysts told ABC News.The measure ...
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The epicenter of an explosion at an Iranian port is tied to a charity overseen by its supreme leader

DUBAI, United Arab Emirates (AP) — The explosion that rocked an Iranian port, killing at least 70 people and injuring more than 1,000 others, had its epicenter at a facility ultimately owned by a charitable foundation overseen by Supreme Leader Ayatollah Ali Khamenei’s office. ...
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U.S. economy creaking even before tariffs

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets There is growing evidence the U.S. economy was struggling even before this month’s tariff sweep, ramping up the chances of a 2025 recession and bets that the Federal Reserve ...
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KFC-parent Yum Brands tops sales estimates as Taco Bell demand holds firm

(Reuters) -Yum Brands beat Wall Street estimates for first-quarter comparable sales on Wednesday, helped by robust demand at its Taco Bell locations in the U.S. and KFC outlets in international markets. The company’s worldwide comparable sales for the first quarter ended March 31 increased 3%, ...
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