tariffs impact News

US Services Sector Shows Promising Growth in April: A Detailed Look at the Latest ISM Report

The US service sector showed signs of growth in April, with the ISM's PMI rising to 51.6%. While new orders increased, employment remained in contraction, and experts note concerns...

US Services Sector Shows Signs of Growth in April, ISM Reports Positive Shift

The US service sector showed improvement in April with the Services PMI rising to 51.6%, indicating expansion. Key indexes reflected mixed results, with new orders increasing but e...

US Services Sector Shows Promising Growth in April: A Closer Look at the ISM Report

The US service sector improved in April with the Services PMI rising to 51.6%, indicating expansion. Key indexes showed mixed results, with new orders up but employment still contr...

GE Vernova Surprises Market with 11% Revenue Jump to $8B in Q1 2025

GE Vernova reports an 11% revenue increase to $8B in Q1 2025, with net income turning around to $264M. Orders rose by 8% to $10.2B, led by power equipment. The company reaffirms it...

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Tariff Concerns

Chevron CEO Michael Wirth sees no immediate signs of a US recession despite tariff uncertainties, advocating for a long-term economic view. Meanwhile, the IMF has lowered its 2025 ...

First-Quarter Financial Showdown: Delta and Big Banks to Unveil Earnings Amid Tariff Tensions

This week, Levi Strauss, Delta Air Lines, and major US banks are set to release their first-quarter earnings, providing insights into the impact of recent tariff policies on corpor...

First-Quarter Financial Showdown: Delta and Major Banks to Unveil Earnings Amid Tariff Impacts

The first-quarter earnings season begins with Levi Strauss, Delta Air Lines, and major US banks reporting their results, offering insights into the impact of recent tariffs on corp...

US Manufacturing Takes a Step Back: PMI Drops to 49% in March Amid Demand Confusion

The US manufacturing sector's PMI dropped to 49% in March, indicating contraction. Key indicators like New Orders and Employment saw declines, while Prices surged due to tariffs, h...

OPEC Holds Steady: Global Economic Growth Forecast for 2025 Remains at 3.1%

OPEC maintains its global economic growth forecast for 2025 at 3.1%, with stable projections for the US, Eurozone, and China. The organization highlights the need to monitor potent...

US Services Sector Sees Growth in February: ISM Report Highlights Positive Trends

The US service sector showed signs of improvement in February, with the Services PMI rising to 53.5%, surpassing expectations. Key indexes, including New Orders and Employment, saw...