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Ford lowers annual guidance, citing fire at supplier’s aluminum plant

By Nora Eckert and Nathan Gomes DETROIT (Reuters) -Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end of the year. A September fire ...
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China and the United States, Fall 2025: A timeline of remarks, threats, critiques — and dialogue

Tensions between the U.S. and China escalated in the weeks leading up to a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping. In response to recent U.S. restrictions, China plans to expand permitting requirements on rare earth products. Trump has ...
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Wall Street’s bumper year to boost tax collections, NY state comptroller says

(Reuters) -Wall Street is on track for another bumper year, with its profit from securities trading and underwriting expected to exceed $60 billion, the Office of the New York State Comptroller said in a report. The industry’s profitability was driven by higher supervisory fees and ...
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Argentina President Milei to meet JPMorgan CEO Dimon this week

By Nupur Anand and Walter Bianchi NEW YORK (Reuters) -Argentine President Javier Milei will meet with JPMorgan Chase CEO Jamie Dimon in Buenos Aires this week, according to three sources familiar with the matter. Milei will attend a conference organized by the biggest U.S. lender on ...
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Exclusive-China state oil majors suspend Russian oil buys due to sanctions, sources say

By Chen Aizhu, Florence Tan and Siyi Liu SINGAPORE (Reuters) -Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies, multiple trade sources said on Thursday. The move comes as ...
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Michigan terminates controversial EV battery plant and seeks to claw back millions in incentives

LANSING, Mich. (AP) — Michigan is demanding millions of dollars in incentives back from a Chinese company after plans to build an electric vehicle battery plant collapsed following years of pushback against the project from neighbors and members of Congress. Democratic Gov. Gretchen Whitmer ...
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Musk’s rollercoaster year: From boycotts and plunging earnings to a potential trillion-dollar payday

NEW YORK (AP) — If someone left a government job with a black eye, literally, ran a company with shrinking profits, and suddenly had federal investigators crawling over their business, you might say they’re having a bad year. But most people are not Elon Musk. The ...
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Goldman Sachs nears $1 billion deal for majority stake in Excel Sports, FT reports

(Reuters) -Goldman Sachs is nearing a deal to buy a majority stake in talent agency Excel Sports for about $1 billion, the Financial Times reported on Thursday, citing two people familiar with the matter.(Reporting by Pritam Biswas in Bengaluru; Editing by ...
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VW production continuing for now but chip uncertainty high, source says

(Changes media identifier, no changes to text) By Ilona Wissenbach and Rachel More FRANKFURT (Reuters) -Production at Volkswagen’s main plant will proceed as planned during its next work week, despite the risk of shortages from a stand-off between China and the Netherlands over chipmaker Nexperia, a ...
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Trump’s turnaround on sanctions targets Russia’s oil companies that fund the war in Ukraine

FRANKFURT, Germany (AP) — The U.S. and the European Union are hitting Russia with another round of sanctions, aiming to cut into oil and gas export earnings that fund Moscow’s war against Ukraine. More than 3 1/2 years into the war, the effort remains a ...
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Starbucks workers union to begin voting on strike amid stalled contract talks

(Reuters) -Starbucks baristas’ union said on Thursday it would vote on whether to authorize an unfair labor practice strike at unionized locations to demand the company return to the negotiating table. Contract talks between the coffee-chain giant and the union, which represents more than 12,000 ...
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Canada will not allow unfair US access to markets if trade talks fail, says Carney

OTTAWA (Reuters) -Canada will not allow unfair U.S. access to its markets if talks on various trade deals with Washington ultimately fail, Prime Minister Mark Carney told reporters on Thursday. U.S. President Donald Trump imposed tariffs on Canadian steel, aluminum and autos earlier this year, ...
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