Business

Federal court rules against new global tariffs Trump imposed after loss at the Supreme Court

Thursday, May 7 by SRN News

WASHINGTON (AP) - A federal court ruled Thursday against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court. A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were... Read More.

Trump says giving EU until July 4 to fulfill trade deal or will raise tariffs

Thursday, May 7 by SRN News

WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump said he had a "great call" with European Commission President Ursula von der Leyen on Thursday and would give the EU until July 4 to fulfill its side of the trade deal before hiking U.S.... Read More.

Lyft rides miss estimates after storms hit demand, forecasts upbeat second quarter

Thursday, May 7 by SRN News

By Akash Sriram May 7 (Reuters) - Lyft reported first-quarter ride volumes below Wall Street estimates on Thursday after severe winter storms in the U.S. Northeast disrupted demand, but the ride-hailing firm forecast second-quarter gross bookings and adjusted core profit above expectations. Shares of the San... Read More.

Trump says EU has until July 4 to approve last year’s trade deal or it will face higher tariffs

Thursday, May 7 by SRN News

WASHINGTON (AP) - President Donald Trump said in a Thursday social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4. The announcement appeared to be a deadline... Read More.

Fed’s Williams says demand remains robust for US government debt

Thursday, May 7 by SRN News

NEWBURGH, New York, May 7 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday that demand for U.S. government debt remains robust despite high levels of borrowing. The Fed is watching the very high level of government borrowing "very carefully,"... Read More.

CoreWeave tops revenue estimates as AI boom supercharges cloud demand

Thursday, May 7 by SRN News

May 7 (Reuters) - CoreWeave Inc beat analysts' estimates for quarterly revenue on Thursday, as the specialized cloud provider tapped into strong demand for its high-performance computing services used to train and deploy artificial intelligence models. The company's shares were flat in volatile extended trading... Read More.

Block raises annual gross profit outlook on consumer spending strength

Thursday, May 7 by SRN News

May 7 (Reuters) - Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses. The Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared... Read More.

Microchip Tech forecasts quarterly revenue above estimates on strong chip demand

Thursday, May 7 by SRN News

May 7 (Reuters) - Microchip Technology forecast first-quarter revenue above estimates on Thursday, betting on strong demand for its chips used in industrial and automotive sectors. Shares of the Chandler, Arizona-based company rose more than 2% in extended trading. The company has benefited from a cyclical... Read More.

BUSINESS HEADLINES

Thursday, May 7 by SRN News

Trump says EU has until July 4 to approve last year's trade deal or it will face higher tariffs WASHINGTON (AP) - President Donald Trump says goods from the European Union will face higher tariff rates if the 27-member bloc fails to approve last year's... Read More.

Auto groups urge Trump to extend trade deal with Mexico, Canada

Thursday, May 7 by SRN News

By David Shepardson WASHINGTON, May 7 (Reuters) - Major auto trade groups on Thursday urged the Trump administration to extend a free trade deal with Mexico and Canada, saying it was crucial for U.S. vehicle production as North America faces competition from Asia and Europe. The... Read More.

Current Weather

Federal court rules against new global tariffs Trump imposed after loss at the Supreme Court

Trump says giving EU until July 4 to fulfill trade deal or will raise tariffs

Lyft rides miss estimates after storms hit demand, forecasts upbeat second quarter

Trump says EU has until July 4 to approve last year’s trade deal or it will face higher tariffs

Fed’s Williams says demand remains robust for US government debt

Block raises annual gross profit outlook on consumer spending strength

Microchip Tech forecasts quarterly revenue above estimates on strong chip demand

BUSINESS HEADLINES

Auto groups urge Trump to extend trade deal with Mexico, Canada

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