Latest news with #ReutersNEXTNewsmaker
Express Tribune
10 hours ago
- Politics
- Express Tribune
UN chief slams US-backed Gaza aid plan
UN Secretary-General Antonio Guterres speaks at the ReutersNEXT Newsmaker event in New York City, New York, US, November 8, 2023. PHOTO: REUTERS United Nations Secretary-General Antonio Guterres said on Friday that a US-backed aid operation in Gaza is "inherently unsafe," giving a blunt assessment: "It is killing people". Israel and the United States want the UN to work through the controversial new Gaza Humanitarian Foundation, but the UN has refused, questioning its neutrality and accusing the distribution model of militarizing aid and forcing displacement. Guterres said UN-led humanitarian efforts are being "strangled", aid workers themselves are starving and Israel — as the occupying power — is required to agree to and facilitate aid deliveries into and throughout the Palestinian enclave. "People are being killed simply trying to feed themselves and their families. The search for food must never be a death sentence," Guterres told reporters. "It is time to find the political courage for a ceasefire in Gaza."
Int'l Business Times
19-05-2025
- Business
- Int'l Business Times
White House Insists China 'Will Be Absorbing' Tariff Costs Despite Treasury Secretary Admitting Burden 'May Get Passed to Consumers'
White House Press Secretary Karoline Leavitt insisted on Monday that China "will be absorbing" the cost of tariffs on its exports despite U.S. Treasury Secretary Scott Bessent previously admitting the burden "may get passed to consumers." Over the weekend, President Donald Trump wrote in a Truth Social post that "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain" after the company's CEO revealed during an earnings call days prior that, "given the magnitude of the tariffs," the company will be raising prices. "Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING," Trump continued. "I'll be watching, and so will your customers!!!" he added. World Bank President David Malpass attends the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. Reuters When asked whether the president's remarks signaled an acknowledgment that Americans would bear the cost of tariffs not absorbed by companies, Leavitt firmly rejected the idea. "First of all, the CEO of Walmart made those comments about the tariffs on an earnings call where CEOs, I believe, are legally obligated to give the most dire warnings and forecasts to their investors and stakeholders," Leavitt stated during Monday's press briefing. "The reality is, as the president has always maintained, Chinese producers will be absorbing the costs of these tariffs and that is why China was so quick to hustle to the negotiating table with the United States of America," she continued. "They need our markets. They need our consumers," Leavitt added in a clip shared by journalist Aaron Rupar on X. Originally published on Latin Times
Reuters
01-05-2025
- Business
- Reuters
Charles Schwab CEO sees 'pullback in risk taking' in April
Investors have responded to recent market turmoil in April by dialing down the level of risk they are taking and making some shifts in their asset allocation in favor of bonds and non-U.S. stocks, said Charles Schwab CEO Rick Wurster in a Reuters NEXT Newsmaker interview on Thursday (May 1).
Yahoo
01-05-2025
- Business
- Yahoo
Charles Schwab CEO says investors are 'de-risking' and diversifying
By Lananh Nguyen and Suzanne McGee NEW YORK (Reuters) -Investors have responded to the market turmoil throughout April by dialing down the level of risk they are taking and making some shifts in their asset allocation in favor of bonds and non-U.S. stocks, says Charles Schwab CEO Rick Wurster. "Most investors are staying the course," Wurster said in a Reuters NEXT Newsmaker interview on Thursday morning. Still, 61% of clients reported feeling bearish during April, according to a poll conducted that month, compared to only 32% in a similar poll during the first quarter of 2025, data from Schwab showed. Trading volumes, which hit record levels early in April following U.S. President Donald Trump's tariffs announcement, tapered off as the month progressed, but client engagement levels remained high, Wurster said. "We set an all-time record" for calls and online contacts with clients during the heightened volatility, he said. Overall, Wurster said few clients made dramatic adjustments to their asset allocations in April but that those whose portfolios included non-U.S. stocks, bonds and some commodities noted they benefited from that diversification. Sign in to access your portfolio
Reuters
01-05-2025
- Business
- Reuters
Charles Schwab CEO says investors are 'de-risking' and diversifying
NEW YORK, May 1 (Reuters) - Investors have responded to the market turmoil throughout April by dialing down the level of risk they are taking and making some shifts in their asset allocation in favor of bonds and non-U.S. stocks, says Charles Schwab CEO Rick Wurster. "Most investors are staying the course," Wurster said in a Reuters NEXT Newsmaker interview on Thursday morning. Still, 61% of clients reported feeling bearish during April, according to a poll conducted that month, compared to only 32% in a similar poll during the first quarter of 2025, data from Schwab showed. Trading volumes, which hit record levels early in April following U.S. President Donald Trump's tariffs announcement, tapered off as the month progressed, but client engagement levels remained high, Wurster said. "We set an all-time record" for calls and online contacts with clients during the heightened volatility, he said. Overall, Wurster said few clients made dramatic adjustments to their asset allocations in April but that those whose portfolios included non-U.S. stocks, bonds and some commodities noted they benefited from that diversification.
