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Trump awards Boeing much-needed win with F-47 fighter jet contract

By Mike Stone WASHINGTON (Reuters) - U.S. President Donald Trump awarded Boeing on Friday the contract to build the U.S. Air Force's most sophisticated fighter jet yet, dubbed the F-47, handing the company a much-needed win. The Next Generation Air Dominance program will replace Lockheed Martin's F-22 Raptor with a crewed aircraft built to enter combat alongside drones. Trump, the 47th

2025-03-21T18:03:55Z

Sodexo cuts annual forecasts on slower growth in North America

By Dimitri Rhodes (Reuters) - French food caterer Sodexo lowered its yearly outlook on Thursday, bringing it below analysts' estimates, saying organic revenue growth in North America was slower than it had initially expected. "We are facing more challenges in Education, with volumes remaining low, and in Healthcare with postponements in the opening of new contracts," CEO and Chairwoman Sophie

2025-03-20T08:17:03Z

Apollo Funds to buy 25% stake in BP pipelines for about $1 billion

(Reuters) -BP on Friday said U.S.-based asset management firm Apollo Global's managed funds will buy a 25% non-controlling stake in its unit, BP Pipelines (TANAP), for about $1 billion. The British oil giant had announced a major strategy shift in February to boost earnings and win back investor confidence and said it was targeting $20 billion in divestments by 2027. BP TANAP holds a 12% stake

2025-03-21T09:18:19Z

Secret Service meets with GM execs on next-generation armored SUVs

WASHINGTON (Reuters) - The head of the U.S. Secret Service met with General Motors executives this week in Michigan to discuss next-generation armored SUVs as the automaker works on the upcoming version of the presidential limousine, the agency said Friday. The Secret Service said on X that Director Sean Curran met with GM "to discuss advancements that could benefit the next generation of armored

2025-03-21T14:18:41Z

Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck

Determining whether you're rich or part of the middle class can be tricky. It's not all about how much you earn in a given month or year. Instead, it's more about your net worth and the way you use...

2024-03-31T21:06:37Z

UK gas producer Energean terminates Carlyle deal over approval delays

By Anandita Mehrotra and Shadia Nasralla (Reuters) -UK-based gas producer Energean said on Friday it was terminating a deal with private equity fund Carlyle for the sale of some of its assets due to delays in obtaining regulatory approvals in Italy and Egypt. The two companies struck a $945 million deal in June last year that would allow Carlyle to establish a new Mediterranean-focused oil and

2025-03-21T08:18:18Z

Stellantis initiates new round of buyouts for some factory workers

By Nora Eckert and Kalea Hall DETROIT (Reuters) - Jeep-maker Stellantis is offering a new round of buyouts for some of its factory workers as the automaker looks to cut costs following a difficult 2024. The automaker on Friday confirmed that it is offering voluntary buyouts to some workers at facilities in Detroit, Ohio and Illinois. "Stellantis continues to review its operations to improve

2025-03-21T16:13:46Z

Tesla to recall over 46,000 Cybertrucks over exterior panel issue

(Reuters) - Tesla said on Thursday it is recalling 46,096 Cybertruck vehicles in the U.S. over an exterior panel that can detach while driving, after more than six call-backs for the pickups last year. Tesla is recalling the vehicles over issues of the cant rail - a stainless-steel exterior trim panel - delaminating and detaching from the vehicle, it said. As a remedy, Tesla service will replace

2025-03-20T09:22:11Z

China's restaurants race to the bottom in deflation-hit economy

By Laurie Chen, Tingshu Wang and Xiaoyu Yin BEIJING (Reuters) - In a dilapidated warehouse on the outskirts of the Chinese capital, businessman An Dawei inspected rows of giant fridges, industrial hobs and commercial bread ovens waiting to be resold to dining establishments. "For the average person, opening a restaurant is almost a guaranteed failure," said the 38-year-old who sells used kitchen

2025-03-21T01:18:06Z

EU delays plans to retaliate against Trump tariffs

Its tit-for-tat tariffs had prompted Trump to threaten a 200% tariff on European alcohol and wine.

2025-03-20T16:41:42Z

The Minimum Salary You Need To Be Happy in Every State

Can money buy happiness? According to a Purdue University study, income can correlate with emotional well-being and life satisfaction, though this probably has to do with a variety of factors, such...

2021-12-25T20:11:28Z

Cryptocurrency exchange Kraken to buy NinjaTrader for $1.5 billion

(Reuters) - Kraken said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow one of the world's largest cryptocurrency exchanges to expand into multiple asset classes and grow its user base. The acquisition comes at a time when the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted

2025-03-20T12:42:18Z

Brazil cosmetic group Natura unveils restructuring plan, changes in leadership

SAO PAULO (Reuters) - Brazilian cosmetic group Natura announced on Thursday a restructuring proposal to integrate the currently listed holding company Natura&Co into its subsidiary Natura Cosmeticos, which will then have shares in Brazil's stock exchange. Natura also said the chief executive of Natura&Co, Fabio Barbosa, is leaving the role and will become Natura Cosmeticos' chairman, while Joao

2025-03-20T22:17:52Z

Trump awards Boeing much-needed win with fighter jet contract, sources say

By Mike Stone WASHINGTON (Reuters) -U.S. President Donald Trump on Friday awarded Boeing the contract to build the U.S. Air Force's most sophisticated fighter jet, known as Next Generation Air Dominance, two sources familiar with the situation said. The NGAD program will replace Lockheed Martin's F-22 Raptor with a crewed aircraft built to enter combat alongside drones. The plane's design

2025-03-21T15:18:45Z

Planned turnaround ongoing at Phillips 66's Wood River refinery, IIR says

By Nicole Jao NEW YORK (Reuters) - Phillips 66's 356,500 barrel-per-day Wood River refinery is undergoing a turnaround, research company IIR Energy said on Thursday. The refinery, in Roxana, Illinois, began maintenance activities last week, IIR said. Ongoing maintenance work at the refinery's 170,000-bpd crude distillation unit, 50,000-bpd vacuum flasher, 42,000-bpd catalytic cracker unit, and

2025-03-20T17:12:32Z

Here’s How Much the Definition of Rich Has Changed in Every State

Wealth has changed significantly across most the United States. The median income may be $500,000 or more for those in the top 5%, depending on where you live. Check Out: Here's How Much the...

2024-04-23T13:09:43Z

US Army asks Anduril for new small solid rocket motor

By Mike Stone WASHINGTON (Reuters) - Anduril Industries has been selected by the U.S. Army to develop a new 4.75-inch solid rocket motor for long-range precision rocket artillery missions, the company said on Friday. Demand for rocket motors is soaring worldwide because of wars in Ukraine and the Middle East. Other militaries are also realizing that future conflicts will likely require many more

2025-03-21T05:18:16Z

5 Types of Homes Expected To Plummet in Value by the End of 2025

Whether you're looking for a long-term investment and want to make sure you're not buying a money sink or you're thinking about buying your first home, it's important to choose the right property...

2024-07-10T17:28:42Z

This Is the Salary You Need To Afford the Average Home in Your State

Shopping for a home can be one of the most exciting and daunting life milestones. Before you shop for homes, it's important to understand which mortgage rates are best and how much of a monthly...

2023-10-26T14:51:22Z

Here’s What the Average Electricity Bill Costs in Your State

Depending on the state you live in, you may be spending much less or a lot more money on your monthly electric billing statement. Explore More: Macy's Is Closing Over 60 Stores in 2025: 5 Great...

2024-04-28T23:25:20Z

This island is the happiest place in Asia, according to the 2025 World Happiness Report

According to the 2025 World Happiness Report, Taiwan is the happiest place in Asia, followed by Singapore, Vietnam, Thailand and Japan.

2025-03-20T06:42:26Z

Nike forecasts fourth-quarter revenue below estimates, shares drop

By Ananya Mariam Rajesh and Nicholas P. Brown (Reuters) -Nike on Thursday forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals. Shares of the leading shoe and apparel brand dropped in after-hours trade following Nike's third-quarter earnings call, in which Chief

2025-03-20T23:17:55Z

Heathrow restarts flights after closure causes global flight turmoil

By Kate Holton, Sarah Young and Andrew MacAskill LONDON (Reuters) -Flights at Britain's Heathrow began resuming late on Friday after a fire knocked out its power supply and shut Europe's busiest airport for the day, stranding thousands of passengers and causing travel turmoil worldwide. Heathrow said its teams had worked tirelessly to reopen the world's fifth-busiest airport after it was forced

2025-03-21T18:59:03Z

10 New Cars With Low Prices and Long Lifespans

Because new car prices are high, it's more important than ever to get the most value for your money. To find the most affordable new cars with long lifespans, iSeeCars analyzed the prices of over 3.8...

2025-03-22T14:15:28Z

Singapore is more expensive than regional peers. So it's using a different playbook to attract visitors

Singapore is one of the most expensive cities in the world, so it's using world-class attractions, business conferences and live events to attract visitors.

2025-03-17T23:05:07Z

BT approaches AT&T, Orange for foreign partnerships, Bloomberg News reports

(Reuters) - Britain's BT has approached telecommunication companies AT&T and Orange over possible partnerships to help turn around its international business, Bloomberg News reported on Friday, citing people familiar with the matter. "We're keeping everything open and this means we've been speaking to third parties about a range of possibilities," a BT spokesperson said, without giving further

2025-03-21T10:18:26Z

EU may delay first set of counter-tariffs against U.S. to mid-April

BRUSSELS (Reuters) - The European Union could delay imposition of a first set of counter-measures against the United States over President Donald Trump's steel and aluminium tariffs until mid-April, European Trade Commissioner Maros Sefcovic said on Thursday. The European Commission had proposed re-imposing tariffs on 4.5 billion euros ($4.9 billion) of U.S. products on April 1, followed by

2025-03-20T10:27:07Z

The Line Between Middle Class and Upper-Middle Class in Every State

You may think you're part of the middle-class, but depending on your income tax bracket you could be upper-middle class and simply not realize it. Explore More: Here's the Minimum Salary Required To...

2024-06-01T11:28:49Z

J&J plans to invest more than $55 billion in US over next four years

(Reuters) -Johnson & Johnson said on Friday it plans to invest more than $55 billion over the next four years to build manufacturing facilities and research infrastructure in the United States. The drug and device maker said this represents an increase of 25% in investment compared to the past four years. The company plans to build three new manufacturing facilities in the U.S., in addition to a

2025-03-21T10:18:31Z

Mitsubishi Motors plans to outsource EV production to Taiwan's Foxconn, Kyodo says

TOKYO (Reuters) -Japan's Mitsubishi Motors, a junior partner of Nissan Motor, plans to outsource production of electric vehicles to Taiwan electronics contract manufacturer Foxconn, Kyodo News said on Thursday. The move is aimed to help the carmaker cut output costs and speed development of its product lineup, while Foxconn, formally called Hon Hai Precision Industry, hopes to secure a foothold

2025-03-20T09:22:02Z

6 Costco Items You Should Buy in Spring To Maximize Savings

If you're searching for spring essentials, like fertilizer and allergy medication, but want to save the most money it's worth it to visit Costco. The warehouse club is currently offering instant...

2025-03-22T12:30:16Z

The Cost of Eggs in Every State

Anyone paying attention to the news of late – or anyone who’s simply gone to the grocery store in the last year – has almost certainly noting the stratospheric increase in the price of eggs. The rollercoaster rise (and very, very recent fall) of egg prices has been a topic of social and political conversation for months, and was even a contentious debate subject in the 2024 presidential election. As Newsweek has reported, the national average for a dozen eggs in America cost $5.81 at the beginning of 2025, rose to $7.52 by the end of January, then $8.03 by mid-February, before peaking at a shocking $8.17 on March 3.

2025-03-22T13:30:32Z

People are selling Singapore Airlines miles online. Here's what the airline says about that

Buying and selling airline miles isn't illegal, but it often violates the terms of frequent flyer programs like KrisFlyer, Singapore Airlines' loyalty program.

2025-03-19T22:32:34Z

How Far $1 Million in Retirement Savings Plus Social Security Goes in Every State

Not too long ago, it was considered bold to claim that people need $1 million for a comfortable retirement. As the cost of living continues to rise and more retirees lead longer lifespans, those...

2025-01-16T12:18:13Z

Bain Capital to buy 18% stake in India's Manappuram Finance for $508 million

(Reuters) -India's Manappuram Finance said on Thursday investment firm Bain Capital would pick up an 18% stake in the gold loan provider for 43.85 billion rupees ($508 million). Bain Capital will make the investment through subscription to shares and warrants at 236 rupees apiece, implying a 30% premium over the six-month average trading price of Manappuram Finance. The deal will trigger a

2025-03-20T15:02:24Z

Nvidia to open quantum computing lab, CEO says

SAN JOSE, California (Reuters) - Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology, Nvidia CEO Jensen Huang said on Thursday. Huang made the announcement at Nvidia's annual software developer conference in San Jose, California, where Nvidia held a day of events focused on

2025-03-20T18:17:36Z

Perplexity AI in talks to raise funds at $18 billion valuation, Bloomberg News reports

(Reuters) - Artificial intelligence startup Perplexity is in talks to raise funds at an $18 billion valuation, Bloomberg News reported on Thursday, representing a substantial increase from the $9 billion valuation reported by Reuters in November. The company has discussed raising between $500 million and $1 billion in the round, the report added. The AI startup has been upgrading features on its

2025-03-20T18:17:32Z

Micron forecasts upbeat quarterly revenue on demand for AI memory chips

(Reuters) -Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used by the AI industry. The company's shares rose nearly 5% in after-hours trading. The stock had risen 9% this month, ahead of earnings, on investor optimism that Micron would benefit from AI-driven demand. A surge in demand for

2025-03-20T20:17:38Z

Here’s the Cost To Retire Comfortably With Social Security in Every State

What stands between most people and retirement is having enough money to afford it. While many people love the idea of an early retirement, say, in their 40s or 50s, that goal isn't very likely in...

2021-12-06T23:03:22Z

Fed in no rush to cut rates; Trump disagrees

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) - The Trump administration's initial policies, including extensive import tariffs, appear to have tilted the U.S. economy toward slower growth and at least temporarily higher inflation, Federal Reserve Chair Jerome Powell said on Wednesday, drawing the ire of President Donald Trump. Trump posted late on Wednesday on his Truth Social

2025-03-20T18:17:42Z

Brazilian cosmetics group Natura to revamp structure, leadership

SAO PAULO (Reuters) -Brazilian cosmetic group Natura announced on Thursday a leadership shake up as well as a restructuring proposal that would change out the entity that is listed on the local stock exchange. Under the plan, set to be voted on by shareholders on April 25, the currently listed holding company Natura&Co will be integrated into its Natura Cosmeticos subsidiary, which would then

2025-03-20T23:17:50Z

Europe's dependence on U.S. payment firms leave it open to coercion, ECB's Lane says

FRANKFURT (Reuters) - Europe's dependence on U.S.-based payment providers leaves it open to economic coercion, weakening its autonomy and strengthening the case for a digital euro, ECB chief economist Philip Lane said on Thursday. "This dependence exposes Europe to risks of economic pressure and coercion and has implications for our strategic autonomy, limiting our ability to control critical

2025-03-20T12:42:12Z

3 Hot Vintage Valuables That Might Be Hiding in Your Home

You'll never look at power lines the same way again. Check out this month's collection of surprising vintage collectibles.

2025-03-21T20:34:48Z

Indian IT earnings likely to stutter in fiscal 2026 on US spending woes, analysts say

By Haripriya Suresh and Bharath Rajeswaran BENGALURU (Reuters) - India's information technology companies, among the worst-performing sectors this year, may not see a recovery in fiscal 2026, analysts said, after Accenture flagged weak discretionary spending and demand in its quarterly report. Accenture, the world's largest IT services player and a bellwether for the Indian IT industry, warned

2025-03-21T13:19:05Z

Cutting Out These 9 Expenses Can Save Retirees Almost $30K a Year

Most retirees live on a fixed income, so finding ways to reduce expenses and save money is vital. This isn't always easy, especially if you're already living with the least amount possible, but it's...

2024-04-11T16:13:15Z

Ticketing marketplace StubHub reveals 30% revenue growth in US IPO filing

(Reuters) -StubHub's 2024 revenue surged 29.5%, the online ticketing marketplace reported on Friday in its paperwork for its New York initial public offering. A handful of companies are moving ahead with stock market listings despite volatility in recent weeks due to uncertainty around U.S. trade policy. Nvidia-backed startup CoreWeave and Swedish fintech Klarna are among the companies that are

2025-03-21T20:54:01Z

Exclusive-JPMorgan asset management unit quits industry climate coalition

By Ross Kerber (Reuters) - JPMorgan Chase & Co said its asset management unit has left a flagship industry climate effort, a blow to the group that had paused operations in January in an effort to halt defections amid political pressure from U.S. Republicans. A statement sent by a representative of the unit known as JPMAM noted the pause by the Net Zero Asset Managers initiative in January,

2025-03-21T14:18:39Z

Nestle to divest two factories in Germany, citing rising costs

BERLIN (Reuters) - Nestle will divest two factories in Germany, the world's largest packaged food company said on Thursday, citing overcapacity due to rising costs and consumer price sensitivity. The decision to close the factory in Neuss in mid-2026 and sell the one in Conow at the start of next year affects about 225 jobs, according to the company. (Writing by Miranda Murray, Editing by Rachel

2025-03-20T15:02:26Z

Nucor forecasts first-quarter profit below estimates on lower steel pricing

(Reuters) - Nucor Corp on Thursday forecast first-quarter 2025 profit below estimates as a weak steel pricing environment continues to weigh on its average selling prices, sending the steelmaker's shares down 4% after the bell. On an adjusted basis, the Charlotte, North Carolina-based company expects first-quarter earnings to be in the range of 50 cents to 60 cents per share, compared with

2025-03-20T23:17:52Z

America’s Middle Class Is Growing the Most in These 50 Cities

Disregard any speculation you might have heard about the middle class fading into obscurity. Across 50 cities in the United States, the middle class is not only thriving but there's active growth in...

2024-02-29T13:07:40Z