By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines forecast lower-than-expected profit for the current quarter on Tuesday and warned of downside risks to its full-year outlook if the U.S. economy slips into a recession. The Chicago-based airline expects an adjusted profit in the range of $3.25 a share to $4.25 per share in the quarter…
By Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s major Buenos Aires grains exchange, already forecasting a bumper wheat crop, could raise its estimates even higher if a temporary export tax cut until the end of June is extended, the body’s chief economist told Reuters on Tuesday. On the sidelines of an event to unveil the…
By Svea Herbst-Bayliss and Arsheeya Bajwa (Reuters) -Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday. Elliott, one of the world’s biggest activist investors, now ranks among the information technology company’s biggest investors and plans to engage…
By Sarah N. Lynch WASHINGTON (Reuters) – President Donald Trump’s administration has ordered U.S. Justice Department employees not to post anything on social media related to their government work, after a wave of new political appointees took to cheering Trump and castigating his opponents online. The directive, which was emailed to U.S. Attorneys’ offices late…
WASHINGTON (Reuters) -The White House said on Tuesday President Donald Trump wants to see Harvard apologize, when asked if the president is considering the possibility of removing the school’s tax-exempt status. “When it comes to Harvard, as I said, the president has been quite clear, they must follow federal law,” press secretary Karoline Leavitt told…
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Apple’s main India suppliers Foxconn and Tata shipped nearly $2 billion worth of iPhones to the United States in March, an all-time high, as the U.S. company airlifted devices to bypass President Donald Trump’s impending tariffs, customs data shows. The smartphone maker stepped up production in India…
OTTAWA (Reuters) – Canada will allow some relief to domestically-based automakers and manufacturers in specific sectors from counter-tariffs provided they meet certain conditions, the Finance Ministry said on Tuesday. Canada has slapped a range of counter-tariffs on the U.S. in response to President Donald Trump’s tariffs on steel, aluminum, cars and auto parts. Some industry…
(Reuters) -OpenAI is working on its own X-like social media network, the Verge reported on Tuesday, citing multiple sources familiar with the matter. There is an internal prototype focused on ChatGPT’s image generation that has a social feed, the report said. OpenAI CEO Sam Altman has been privately asking outsiders for feedback about the project,…
By Sybille de La Hamaide PARIS – Global wine production and consumption fell in 2024 to their lowest in decades, as extreme weather and high prices weighed on the sector, the International Organisation of Vine and Wine, known as the OIV, said on Tuesday. Adding to the challenges, wine producers around the world are under…
By Humeyra Pamuk WASHINGTON (Reuters) – The administration of President Donald Trump has appointed a key member of billionaire Elon Musk’s Department of Government Efficiency as the acting head of foreign assistance at the State Department, according to a senior U.S. official and an internal email seen by Reuters. A senior State Department official confirmed…
