Abhinav Parmar

2 weeks ago | zawya.com | Abhinav Parmar

Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump's tariffs make it more expensive to buy a vehicle. While Trump on Wednesday halted reciprocal tariffs on countries, barring China, for 90 days, the announcement did not appear to affect duties on autos, steel and aluminum, leading to concerns around increased costs for the sector.

2 weeks ago | marketscreener.com | Abhinav Parmar

(Reuters) - Harley-Davidson's Jochen Zeitz plans to retire as CEO in 2025, the company said on Tuesday, ending a five-year tenure marked by efforts to revive the American motorcycle maker struggling with plummeting demand. Zeitz, who had helped revive German footwear brand Puma's near-bankrupt business, joined Harley's board in 2007 and was tapped as CEO in May 2020.

2 weeks ago | zawya.com | Abhinav Parmar

Mesa Air Group and Republic Airways agreed to merge in an all-stock deal, the companies said on Monday, in a move that would give them a larger fleet and boost efficiency in regional flying and crew management. The combined company, which would operate as Republic Airways Holdings Inc, will have a single fleet of about 310 Embraer 170/175 aircraft. Shares of Phoenix, Arizona-based Mesa, which has a market value of $29.3 million, rose 23.8% in premarket trading.

1 month ago | money.usnews.com | Abhinav Parmar |Lisa Baertlein

By Abhinav Parmar and Lisa Baertlein(Reuters) -FedEx Corp lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners.

1 month ago | kfgo.com | Abhinav Parmar

By Abhinav Parmar(Reuters) – Washington’s temporary relief for import tariffs on goods covered under the U.S.-Mexico-Canada Agreement (USMCA) has triggered a spike in US companies seeking exemption under the trade deal, industry experts said. The White House slapped fresh 25% tariffs on goods from Canada and Mexico on March 5, but later announced that levies on goods covered under the USMCA would be delayed until April 2.