By Anshuman Tripathy and Aishwarya Jain (Reuters) -Caterpillar’s shares lost as much as 3% before the bell on Friday, a day after the heavy-equipment maker forecast higher tariff-related expenses for 2025, as companies scramble to assess the impact of shifting U.S. trade policy. Industrial machinery makers are facing higher costs and sluggish demand from U.S….
By Shivansh Tiwary and Nathan Gomes (Reuters) -Industrial machinery makers are being battered by steeper costs from U.S. President Donald Trump‘s sweeping tariffs, with sluggish demand and high interest rates leaving little room to pass those expenses onto customers. Caterpillar and Deere, both sector bellwethers, have flagged hefty tariff-related hits this year, most of which…
(Reuters) -American Airlines forecast a bigger-than-expected third-quarter loss on Thursday, as sluggish domestic travel demand result in more unsold seats and an erosion in fares. Shares of the carrier fell nearly 3% in premarket trading. Most U.S. airlines withdrew their financial forecasts in April due to uncertainty caused by President Donald Trump‘s sweeping tariffs and…