By Kenrick CaiLas Vegas (Reuters) -Alphabet said on Wednesday it was still committed to spending some $75 billion this year to build out data center capacity despite turmoil over U.S. tariffs and sought to reassure investors that its AI plans were yielding good returns.Investors are fretting about the massive capital costs of AI projects, especially as uncertainty surrounding U.S. President Donald ...
Investing.com-- Chinese companies selling products on Amazon (NASDAQ:AMZN) are considering price hikes or exiting the U.S. market entirely as President Donald Trump’s latest tariff hike delivered an "unprecedented blow," Reuters reported on Thursday citing the head of China’s largest e-commerce association.Trump announced on Wednesday that tariffs on Chinese imports would rise to 125%, up ...
Investing.com-- U.S. stocks fell sharply Thursday after investors digested relatively benign inflation data amid continuing concerns over the escalation in the Sino-U.S. trade war.At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average dropped 855 points, or 2.1%, the S&P 500 index fell 130 points, or 2.4%, and the NASDAQ Composite declined 465 points, or 2.7%.March CPI weaker than expectedD ...
By Maggie FickLONDON (Reuters) -U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients.Trump excluded them from his announcement of sweeping import tariffs last week, but in recent weeks he introduced tariffs on raw ingredients and supplies fro ...