General Motors Co. says President Donald Trump's tariffs cost the automaker $1.1 billion in profits. Higher warranty costs and a buildup in inventory of electric vehicles also hurt the figures. But GM has not raised sticker prices to recoup tariff costs.

Shares of aerospace and defense company Raytheon (NYSE:RTX) fell 3.2% in the morning session after the company reported its second-quarter financial results, which included a lower full-year earnings forecast due to the expected impact of tariffs and tax

Fed chair says rate path unclear as tariff outcomes cloud economic outlook.

FRANKFURT (Reuters) -German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales, a senior company official said on Tuesday. Bosch will focus the plant mainly on

Remember the insider trading scandal at the Fed? El-Erian does, along with what he considers a series of missteps on inflation.

Treasury Secretary Scott Bessent said Tuesday he sees no reason for the Federal Reserve chair to step down, offering support for Jerome Powell amid regular attacks from Trump administration officials. Stuart Paul of Bloomberg Economics has more.

Here's what crypto investors need to know if President Donald Trump fires Fed Chair Jerome Powell.

For middle-class families, the impact of President Donald Trump's tariffs is more than a policy debate.

The Germany-based distiller and soft-drinks maker said “very poor consumer sentiment” continued.

The chemical and consumer product manufacturer updated its outlook to include tariff impacts and aims to accelerate new product launches.

WASHINGTON (Reuters) -Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund said on Tuesday, warning that tariffs were not the answer. In it

Treasury Secretary Scott Bessent announced Tuesday that a third round of trade talks with China is now scheduled and will commence next week in Sweden.

(Reuters) -The outlook for European corporate health has slightly improved, the latest earnings forecasts showed on Tuesday, despite continued uncertainty over global trade and the European Union preparing for counter-measures against any major U.S. tarif

WASHINGTON (Reuters) -There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief's legacy should be to right-size the central bank's non-monetary poli

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