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Instant View: ECB cuts rates again to buffer economy from U.S. tariff hit

LONDON (Reuters) – The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a knock from U.S. tariffs. Policymakers were unanimous in ...
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Russian barriers to re-entry stymie prospects of Western companies’ return

By Elena Fabrichnaya, Alexander Marrow and Gleb Stolyarov MOSCOW (Reuters) – Three months after U.S. President Donald Trump returned to the White House promising a swift end to the conflict in Ukraine and sparking an early flurry of excitement that Western ...
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Charles Schwab’s profit surges as tariff uncertainty fuels strong trading activity

(Reuters) – Brokerage Charles Schwab reported a near 37% jump in adjusted first-quarter profit on Thursday, driven by upbeat performance in its asset management and trading businesses. CONTEXT Uncertainties triggered by back-and-forth tariffs from U.S. President Donald Trump and mounting trade ...
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Trump says Federal Reserve Chair Powell’s ‘termination cannot come fast enough’

WASHINGTON (AP) — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, ...
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Analysis-South Africa investors face global growth storm clouds after choppy politics

By Colleen Goko JOHANNESBURG – Investors have flocked to South Africa’s domestic bond markets, betting the country can stay the course on reforms despite political fractures, but tariff threats and the prospect of a global growth slowdown are casting a long ...
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Fifth Third Bancorp reaffirms annual interest income forecast despite uncertainty

(Reuters) – Fifth Third Bancorp reaffirmed the forecast for its annual net interest income growth on Thursday, as the lender banked on its ability to manage risks from the economic fallout of U.S. and China’s escalating tariff war. Regional banks like ...
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Trump says Fed chair Powell’s termination can’t ‘come fast enough!’

(Reuters) – U.S President Donald Trump said on Thursday that Federal Reserve Chair Jerome Powell’s termination “cannot come fast enough”, while calling for the U.S. central bank to cut interest rates. Trump, in a post on his social media platform ...
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Turkish cenbank surprises with rate hike to 46% after market turmoil

ISTANBUL (Reuters) – Turkey’s central bank hiked its key interest rate by 350 basis points to 46% on Thursday, in a surprise move that reversed an easing cycle and slightly boosted the lira, following market volatility in the wake of ...
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AmEx profit beats expectations on steady card spending

(Reuters) -American Express beat Wall Street estimates for first-quarter profit on Thursday as its premium customers shrugged off fears of a slowdown to continue spending. While U.S. President Donald Trump’s tariff rhetoric had rattled some consumers during the quarter, the fallout was limited as the ...
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Im in ruins, teary Mike Lindell tells judge in Smartmatic sanctions hearing

 (WASHINGTON) -- Election denier and MyPillow CEO Mike Lindell continues to refuse to pay more than $50,000 in sanctions he has been ordered to pay to voting software company Smartmatic over "frivolous" election claims -- alleging he's left with no money after numerous legal ...
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UnitedHealth cuts 2025 forecast after dealing with first-quarter care use spike

UnitedHealth chopped its 2025 forecast after being surprised by care use from its Medicare Advantage customers in a worse-than-expected first quarter. Shares of the health care giant tumbled early Thursday. UnitedHealth said a rise in care use from its Medicare Advantage customers came in far above ...
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European Central Bank expected to cut rates again amid worries about Trump’s tariffs

FRANKFURT, Germany (AP) — Worries about economic growth fueled by U.S. President Donald Trump’s tariff onslaught will likely push the European Central Bank to cut interest rates on Thursday for a seventh straight time, a move that should make credit more affordable for business ...
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