By Kalea Hall DETROIT (Reuters) -General Motors cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs. CEO Mary Barra told shareholders in a letter that the company would maintain dialogue with the Trump administration on trade and other policies as they evolve. "There are ongoing discussions with key tr ...
By Ananya Mariam Rajesh (Reuters) -Cosmetics giant Estee Lauder (NYSE:EL) forecast a bigger-than-expected drop in fiscal 2025 sales on Thursday, signaling a slowdown in demand for beauty products in the American market and a longer road to recovery in the key China region. Estee has been struggling to revive sales at airports and tourist hubs in China and other major Asian markets as consumer se ...
By Savyata Mishra (Reuters) - McDonald’s (NYSE:MCD) posted a surprise drop in first-quarter global comparable sales on Thursday, as demand from cash-strapped diners in the U.S. and Europe faltered on uncertainty sparked by chaotic tariffs. The world’s largest fast-food chain is navigating the "toughest of market conditions", CEO Chris Kempczinski said as restaurant visits by lower- and middle- ...
(Reuters) -Air Products cut its annual profit forecast on Thursday and the industrial gas maker reported lower-than-expected quarterly earnings, hurt by lower sales volumes and higher costs, sending the company’s shares down 4% premarket. U.S. manufacturing activity contracted in March after growing for two months straight as President Donald Trump’s wave of tariffs eroded business and consume ...