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STOCKHOLM (Reuters) -Volvo Cars CEO Hakan Samuelsson said on Friday that customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to import the smallest cars in the company’s lineup to the United States. U.S. President Donald Trump on Friday said he was recommending a straight 50%…
PARIS (Reuters) – European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1. Europe’s luxury industry, producing handbags, shoes, fashion items and champagne among other prized goods, is highly exposed to the U.S. market, which was…
By Vallari Srivastava and Medha Singh (Reuters) -Shares of nuclear power companies surged after a report that U.S. President Donald Trump would sign executive orders as soon as Friday to jumpstart the industry. Trump is expected to streamline the regulatory process for new reactor approvals and enhance fuel supply chains, Reuters reported citing four sources…
By Lewis Krauskopf NEW YORK (Reuters) -An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia takes center stage for Wall Street in the coming week, as stocks hit a speed bump of worries over federal deficits driving up Treasury yields. U.S. equities have pulled back this week after a torrid rally, as investors…
