Goldman: Trump Wants Oil Prices in the $40-50 Range
Goldman Sachs analysis indicates that US President Donald Trump prefers crude oil prices in the $40 to $50 per barrel range, based on his social media posts.
US retailers endorse House tax package ahead of key vote
The National Retail Federation has backed a House tax proposal it sees as key to job growth, investment, and economic stability.
Trump-era tariffs linked to plastic rise, UK firms at risk
UK businesses are being urged to review packaging strategies as global supply chain shifts, driven in part by US tariffs, boost plastic use.
Trump Favors $40-$50 Oil, Goldman Says After Sifting Posts
(Bloomberg) -- President Donald Trump appears to prefer US oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc., citing an in-house analysis of his social-media posts on the topic.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?How Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenge
German inflation confirmed at 2.2% in April
German inflation eased further to 2.2% in April, the federal statistics office said on Wednesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.3% year-on-year in March.
Ether Nears $2.7K, Dogecoin Zooms 9% as Crypto Market Remains Cheery
Crypto market cap dips slightly, but positive sentiment and inflows persist amid bullish altcoin moves.
France's Atos restores annual guidance after restructuring, sets 2028 targets
(Reuters) -French IT group Atos issued an annual revenue guidance on Wednesday, after it had suspended financial forecasts last year due to its restructuring, and said it targeted revenue of up to 10 billion euros ($11 billion) in 2028. Once seen as a European tech champion with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors. Atos expects to generate 8.5 billion euros in revenue this year, an 11% drop from 2024, citing voluntary contract reviews and low business traction prior to the completion of its rescue plan.
Gold Drops as Traders Reassess Need for Havens After Trade Truce
(Bloomberg) -- Gold fell for the second time in three days as cooling trade tensions between the US and China drove a reallocation away from havens.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?How Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenges Trump Administration Policy on Migrant ChildrenBullion d
Alstom forecasts softer cash flow after strong annual beat, shares fall
(Reuters) -French train maker Alstom reported an annual free cash flow well above market expectations on Wednesday, in a sign its cash issues were now solved, but its shares slumped after its forecast for the current year disappointed investors. Alstom, which had taken long to recover from its costly 2021 acquisition of Bombardier's rail business, reported a free cash flow of 502 million euros ($561.6 million) for the year that ended on March 31, ahead of the 330 million analysts polled by the company had expected. The earlier cash issues had been partly due to Alstom inheriting problem contracts through the acquisition.
Exclusive-Tesla to resume shipping Chinese parts for Cybercab, Semi production in the US, source says
SHANGHAI (Reuters) -Tesla plans to start shipping components from China to the U.S. for the production of Cybercab and Semi trucks from the end of this month, after the U.S. and China reached a truce over tariffs, said a person with direct knowledge. Reuters reported last month that Tesla had suspended plans to ship the components after U.S. President Donald Trump raised tariffs on Chinese goods to 145%, potentially disrupting Tesla's plan to start mass production of the much-anticipated models.