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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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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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