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US tariffs will weaken global economy and trigger inflation but not a global recession, IMF says

Surging U.S. tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund. The IMF’s Managing Director, Kristalina Georgieva, said Thursday that the Trump administration’s sharp increases in duties have caused ...
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Al Sharpton calls meeting with Target’s CEO amid DEI backlash ‘very constructive and candid’

NEW YORK (AP) — Target’s chief executive officer met Thursday with the Rev. Al Sharpton, whose civil rights organization has encouraged consumers to avoid U.S. retailers that scaled backed their diversity, equity and inclusion initiatives. Sharpton called the meeting with Target CEO Brian Cornell ...
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Factbox-Citi raises three-month gold price target to $3,500 per ounce

(Reuters) – Citi Research raised its gold price target for the next three months to $3,500 per ounce from $3,200, led by fresh buying from Chinese insurers and safe-haven flows amid tariff risks and market weakness, it said in a ...
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Trump says Fed chair Powell will leave if he asks him

WASHINGTON (Reuters) – President Donald Trump said on Thursday he believes Federal Reserve chairman Jerome Powell will leave his job if Trump asks him to do so. Trump told reporters he was not happy with Powell, saying he has been “too ...
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Global shippers await word on US plan to hit China-linked vessels with port fees

By Lisa Baertlein, Andrea Shalal and Jonathan Saul LOS ANGELES (Reuters) -The U.S. Trade office will this week announce its plan for levying port fees on China-linked ships as part of President Donald Trump’s effort to revive domestic shipbuilding and counter China’s dominance on the ...
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US drillers add oil and gas rigs for first time in four weeks, Baker Hughes says

By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Thursday. The oil and gas rig count, ...
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French luxury conglomerate LVMH’s CEO calls for calming trade tensions with the US

PARIS (AP) — Bernard Arnault, chairman and CEO of French luxury conglomerate LVMH, called on Thursday for a free trade zone between the European Union and the United States and said that unresolved trade tensions could seriously hurt European industries. His remarks, in the wake ...
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Google’s digital ad network declared an illegal monopoly, joining its search engine in penalty box

SAN FRANCISCO (AP) — Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently ...
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Analysis-Markets see door wide open for more ECB rate cuts on tariff hit

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent ...
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Brazil’s Petrobras cuts diesel prices to distributors

SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras will reduce the price of diesel sold to distributors by an average 0.12 real ($0.0205) per liter starting on Friday, it said in a statement on Thursday. The reduction comes with crude ...
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BlackRock wins renewed permission to own big utility stakes

(Reuters) – U.S. federal energy regulators on Thursday gave BlackRock renewed permission to own major stakes of public utility companies, a win for the world’s top asset manager over concerns that it wields too much influence. The decision by the Federal ...
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US oilfield services firms brace for earnings as tariffs cloud outlook

By Vallari Srivastava (Reuters) – Results next week will likely provide a peek into how the world’s top three oilfield services companies are navigating the uncertainty fueled by the on-again, off-again U.S. tariffs, as well as a recent slide ...
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