AmEx Profit Beats Expectations as Card Spending Holds Up
April 17 By Arasu Kannagi Basil American Express beat Wall Street estimates for first-quarter profit on Thursday, as its affluent customers shrugged off fears of a slowdown to continue spending on travel and entertainment. The credit card giant also stuck to its profit and revenue…
Baby Food Makers Are Failing California’s Lead Standards, Reuters Review Shows
April 16 By Jessica DiNapoli Some baby food manufacturers are failing to meet California’s standards for lead, which are the most stringent in the nation, according to a Reuters analysis of new test results released for the first time. The results are being made public…
India to Pursue Trade Liberalisation With US, Official Says
April 15 By Shivangi Acharya India has decided to pursue a path of trade liberalisation with the United States, India’s trade secretary said on Tuesday, with the two countries signing the terms of reference for the first part of a bilateral trade deal. India and…
Bessent Says White House Will Start Interviewing Candidates for Next Fed Chair This Fall
April 14 By Andrea Shalal U.S. Treasury Secretary Scott Bessent on Monday said the White House will start interviewing candidates this fall to succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2026. Bessent, speaking with Bloomberg TV during a visit to Argentina,…
OPEC Output Hikes, Trade Wars Have US Oil Producers Wary of ‘Drill Baby Drill’
April 11 By Arathy Somasekhar President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country’s oil industry is actually starting to think about cutting output and jobs due to a double whammy of higher crude…
Mexico Seeks to Solve Problems That Led to Mine Strikes, President Says
April 10 By Stefanie Eschenbacher Mexican President Claudia Sheinbaum said on Thursday that her team was seeking to resolve issues which had led to strikes at three mines, including a large copper mine in the Cananea region in the northern state of Sonora. These strikes…
US Producers Face Tough Choices on Growth, Capital Returns as Oil Falls Below $60
April 9 By Arunima Kumar A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share buybacks and capital expenditures, analysts…
Not All US Fees on Chinese Ships Will Be Implemented, USTR’s Greer Says
April 8 By David Lawder U.S. Trade Representative Jamieson Greer told lawmakers on Tuesday that not all of the agency’s proposed multimillion-dollar fees for Chinese-built ships to dock at U.S. ports will be implemented, and they may not be cumulative. Greer told a Senate Finance…
US Group Asks Kennedy to Restore National Labs for Hepatitis, Sexually Transmitted Infections
April 4 By Julie Steenhuysen The Association of Public Health Laboratories sent a letter on Friday asking the U.S. Department of Health and Human Services to restore two national laboratories that did testing for rare forms of hepatitis and drug-resistant sexually transmitted diseases, the group…
Michigan Couple Arrested in Mexico Over Payment Dispute Freed, US Special Envoy Says
April 3 By Steve Holland A Michigan couple, Christy and Paul Akeo, who were arrested last month in Cancun, Mexico, over a payments dispute with a resort company, have been freed and were on a plane home, U.S. special envoy Adam Boehler told Reuters on…