By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, in a clear signal that U.S. President Donald Trump’s trade war is filtering through to the American economy. As a bellwether of U.S. consumer health, Walmart (NYSE:WMT)’s explicit ...
By Nichola Groom (Reuters) -Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry’s growth. The bill would scrap a 30% federal credit for taxpayers who put up rooftop systems, stifling an industry that has grown ten-fold o ...
By Casey Hall and Siddharth Cavale NEW YORK (Reuters) -U.S. retailers including Walmart (NYSE:WMT) and several clothing brands are racing to secure China-made merchandise for the busy summer shopping season starting in late May after Washington and Beijing agreed to temporarily slash tariffs. The agreement on Monday to lower U.S. tariffs on shipments from China to 30% from 145% for the next three ...
By Simon Jessop, Nupur Anand and Saeed Azhar NEW YORK/LONDON (Reuters) - Democratic lawmakers harshly criticized the chief executives of BlackRock (NYSE:BLK), JPMorgan and other top finance companies for leaving several global coalitions devoted to combating climate change, urging them to uphold their previous commitments and policy targets designed to reduce greenhouse gas emissions. Agains ...