By Juveria Tabassum and Lisa Baertlein(Reuters) -So many U.S. companies rushed in goods to avoid President Donald Trump’s threatened tariffs that imports soared to near-record levels in recent weeks. Now, retailers and other importers are hitting the brakes, awaiting clarity on where the new duties will land. U.S. import bookings on massive container ships dropped 64% from March 24-31 to Ap ...
By Vallari Srivastava (Reuters) -U.S. shale firm Occidental Petroleum (NYSE:OXY) said on Wednesday the prices it received for oil and gas production during the first quarter were higher than in the preceding three months.Benchmark Brent crude prices averaged $74.98 a barrel during the first quarter, up 1.3% from the prior quarter, while U.S. natural gas prices jumped 30%, helped by higher demand f ...
Investing.com - Canada’s main stock exchange edged lower on Wednesday, but roared back to life when U.S. President Donald Trump’s newest tariff announcements resuscitated markets.By the 4:00 ET close, the S&P/TSX 60 index jumped by 69 points, or 5.1%.The Toronto Stock Exchange’s S&P/TSX composite index finished up 1,220 points or 5.4%, after logging a fourth consecutive day of declin ...
By Sneha S K(Reuters) -Gene sequencing equipment maker PacBio plans to cut around 120 jobs and lower expenses due to fresh tariffs and reduced funding for federal health agency National Institutes of Health (NIH), it said on Wednesday.The company plans to eliminate about "80 current positions and 40 open or planned positions across the organization," it said in an emailed statement.WHY IT’S IMPO ...