tariffs impact News

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...