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Traders keep bets on Fed rate cuts this year, starting in June 

(Reuters) -Traders on Wednesday kept bets on Federal Reserve rate cuts this year after Fed Chair Jerome Powell said the U.S. central bank is well-positioned to wait for greater clarity before making any changes to the stance of policy. Traders of short-term interest-rate futures are ...
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Nissan US chief says tariffs will hammer lower-income car shoppers

By Nora Eckert and Kalea Hall DETROIT (Reuters) – The chairman of Nissan Americas, Christian Meunier, said on Wednesday he is concerned that tariffs may drive already eye-popping vehicle prices even higher. “Cars are becoming completely unaffordable,” Meunier told Reuters. “It’s not ...
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Fed’s Powell: Economy slowing in Q1, can wait for greater clarity

By Howard Schneider and Ann Saphir CHICAGO (Reuters) -U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell ...
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Moncler’s first-quarter revenue beats expectations as Asian demand holds up

MILAN (Reuters) – Italian luxury outerwear group Moncler on Wednesday reported a stronger than expected 1% increase in revenue in the first quarter thanks mostly to direct-to-consumer sales and Asian demand. Revenues for the three months to the end of March ...
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General Dynamics says G800 jet receives FAA, EASA certifications

(Reuters) -General Dynamics said on Wednesday its Gulfstream G800 jet has received certifications from the Federal Aviation Administration and the European Union Aviation Safety Agency. The company had said in January it expected FAA certification for the jet in the first half of 2025. The ...
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Fed’s Hammack: Time for hold steady while taking in new data

By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday high uncertainty in the U.S. economy right now argues for the central bank to hold steady on interest rate policy and take in more information before deciding what needs ...
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Spotify says it’s back after an hourslong outage disrupts thousands of users

NEW YORK (AP) — Spotify experienced a widespread outage Wednesday — with tens of thousands of users reporting problems with the popular music and audio streamer. But the platform said it was back up and running hours later. “All clear — thanks for your patience,” ...
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Fed’s Hammack sees steady monetary policy as central bank seeks more data

By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S. economy right now argue for the central bank to hold steady on interest rate policy and ...
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Italy’s Cucinelli reports 10.5% sales growth in first quarter

(Reuters) – Italian luxury fashion group Brunello Cucinelli on Wednesday said sales had risen 10.5% at constant exchange rates in the first quarter, boosted by a solid performance in retail and wholesale channels. Cucinelli confirmed its expectations for sales growth of ...
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World Bank’s Banga says unsure of US contribution to IDA, Trump dialogue constructive

WASHINGTON (Reuters) – World Bank President Ajay Banga said on Wednesday that he has had constructive discussions with the Trump administration about the development lender but added that he does not know how much the U.S. will contribute to the ...
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EU shelves idea of sanctions on Russian LNG imports

BRUSSELS (Reuters) – European officials have dropped the idea of pushing for a ban on the bloc’s Russian liquefied natural gas imports in upcoming packages because of resistance from some governments and uncertainty about alternative sources, EU officials said. Instead, ...
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Major Florida grower plans to build new community after ending citrus operations

FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this year’s season. Alico, Inc. said it has filed ...
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