(Reuters) – Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities. The goals had relied on many factors “outside our control” such as public policy, consumer behavior and technological advancements that would help clients transition to greener business practices, the bank…
By Greg Bensinger (Reuters) – Amazon.com cut “a small number” of jobs at its Wondery podcast unit, known for “Dr. Death” and “Business Wars,” the company said in a statement to Reuters on Friday. Amazon purchased Wondery in 2020 for a reported $300 million and last year signed a three-year $100 million deal for rights…
By Ashitha Shivaprasad and Shivansh Tiwary (Reuters) – Demand for industrial precious metals platinum and palladium will likely fall if tariffs proposed by President Donald Trump on U.S. auto imports dampen vehicle sales, analysts said. Earlier this month, Trump said levies on automobiles would be coming as soon as April 2. This would mean imports…
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) – The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments from the previous week, after initially saying they did not need to respond to the demand by cost-cutting czar Elon Musk. The memo, signed by U.S. Defense…
WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday that his government had good talks on Gaza and that he thought it was coming up with solutions to problems in the Middle East. Trump made the comments at a joint White House press conference with British Prime Minister Keir Starmer when he was asked…
(Reuters) – Meta Platforms plans to debut a standalone Meta AI app to join Facebook and Instagram during the second quarter, CNBC reported on Thursday, citing people familiar with the matter. The move marks a major step in Meta CEO Mark Zuckerberg’s plans to make Meta the leader in AI by the end of the…
By Allison Lampert and Tim Hepher (Reuters) – Boeing and other top aerospace firms are scouring their supply chains to determine their exposure to a major fire last week at a Philadelphia-area parts factory that has set off alarm bells across the industry, people familiar with the matter said. The days-long fire at SPS Technologies’…
WASHINGTON (Reuters) – British Prime Minister Keir Starmer said on Thursday that he would work with U.S. President Donald Trump on a new economic deal with advanced technology such as artificial intelligence at its core. “Instead of over regulating these new technologies, we’re seizing the opportunities that they offer. So we’ve decided today to go…
(Reuters) – Beyond Meat forecast annual revenue below estimates on Wednesday, as the faux meat products maker faces persistent demand weakness amid sticky inflation. Beyond Meat has been losing steam it garnered a couple of years ago as consumers began shifting to fresh and lower-priced animal meat alternatives over its processed vegan meat. Its total…
(Reuters) – E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7% in extended trading. High interest rates and persistent inflation have hampered U.S. consumer spending for two years, leading to sluggish demand for non-essential items…
