(Reuters) -Church & Dwight joined its peers with a dour forecast due to the impact of tariffs, and announced strategic actions, including shutting or selling less profitable businesses, sending its shares down 5% in premarket trading. The company expects a Q2 charge of $60–80 million, mainly from non-cash asset impairments and inventory charges tied to sell-through. WHY IT’S IMPORTANT? Ch ...
(Reuters) -Energy contractor Quanta Services (NYSE:PWR) beat first-quarter profit estimates and raised its annual forecast on Thursday, aided by sustained strength in demand for its infrastructure services. The ongoing power grid modernization and electrification in the U.S. and construction of data centers due to the AI boom is helping infrastructure service providers. Quanta also stands to ben ...
Investing.com -- US Treasury Secretary Scott Bessent has stated that the US will likely revisit the purchase agreements with China that were established in January 2020. Bessent’s comments came during an appearance on Fox Business, where he emphasized the need for China to de-escalate its tariffs.Bessent stated the US is committed to ensuring that China honors the agreements previously signed. H ...
By David Shepardson and Allison Lampert WASHINGTON (Reuters) - A senior U.S. lawmaker has warned Ryanair against purchasing Chinese-made aircraft due to security concerns, following comments by the CEO of the low-cost Irish airline that he would consider buying Chinese jets at the right price, according to a letter seen by Reuters. Ryanair responded to the letter by saying it would consider cancel ...