ABB plans to spin off its robotics unit, the world's No. 2 industrial robot maker, in its biggest move since selling its power grids unit to Hitachi in 2018.
Ford earned $900M in EBIT from its China business last year, Vice Chair John Lawler said, offering a rare look as the company restructures to stay competitive.
WTO now expects global goods trade to shrink 0.2% in 2025, reversing its 3% growth forecast, citing U.S. tariffs and spillover risks as key reasons for the drop.
Bank of America beat Q1 profit estimates as interest income rose and stock trading hit a record high, boosted by market volatility. Shares jumped over 4%.
Nvidia will take a $5.5B hit after U.S. curbs exports of its H20 AI chip to China, a key market. The chip was designed to skirt earlier U.S. export limits.
UK inflation eased to 2.6% in March, down from 2.8% in February, as fuel prices fell and food costs stayed flat, despite a rise in clothing prices.
Airbus aims to finalize a deal to buy part of Spirit AeroSystems' assets by end of April and close it by June 30, after a year of talks with Boeing over the carve-up.
Johnson & Johnson beat Q1 estimates, boosted by strong cancer drug sales, and issued its first forecast factoring in tariffs from President Trump.
Bank of America must pay $540.3M after a judge ruled it underpaid FDIC insurance fees from Q2 2013 to end of 2014. The sum includes interest.
Wells Fargo grew its tech banking team by 20% amid rising U.S. tech growth, AI investments, and IT spending, with more hires planned for 2025.
Ghana orders foreigners to exit its gold trade by month-end to boost earnings, cut smuggling, and streamline small-scale gold purchases, officials said Monday.
Trump claims he's "solved inflation" after easing tariffs, citing a 2.4% March rate and rising stocks, despite earlier market turmoil from his trade policies.
Nissan will cut Japan production of its top-selling U.S. model, the Rogue SUV, from May to July due to new U.S. import tariffs, a source said.
South Korea raised its chip industry support to 33T won ($23.25B), up from 26T won last year, to boost its vital semiconductor sector.
JPMorgan CEO Jamie Dimon sold $31.5M in shares, his second sale since 2005. It follows strong Q1 profits driven by record trading and higher deal fees.
Intel is selling 51% of its Altera chip unit to Silver Lake for $4.46B, valuing it at $8.75B—down from the $17B Intel paid in 2015.
Goldman Sachs posted a 15% Q1 profit rise, driven by record equities trading. But investor focus shifts to economic uncertainty from tariffs and recession fears.
Singapore eased monetary policy again as U.S. tariffs dim global trade outlook. 2025 growth forecast was cut to 0–2% from the previous 1–3% range.
Japan PM Ishiba warned U.S. tariffs could disrupt the global economy but said Japan aims to find common ground with the U.S. on trade and security issues.
UK and G7 may tighten Russia's $60 oil price cap after crude drops below it, aiming to curb war funds and push Moscow toward peace talks.
Goldman Sachs sees oil prices falling in 2025–2026 due to recession risks, more OPEC+ supply, and weak demand growth of just 300,000 bpd amid global trade woes.
China's exports jumped in March as factories rushed to beat U.S. tariffs, but rising trade tensions with the U.S. threaten growth and global trade outlook.
Trump's admin excluded phones, computers, and some electronics from China tariffs, easing pressure on tech firms. China called it a small step toward fixing U.S. policy.
Tesla has halted new Model S and X orders in China amid a U.S.-China trade war, following China's 84% tariffs on U.S. goods after Trump's import levies.