Economy

Who are Iraq's Iranian-backed armed groups?

By Michael Georgy DUBAI, July 29 - The U.S. and Saudi Arabia have struck Iran-backed Shi'ite armed groups in Iraq, which the allies said were responsible for drone attacks on Saudi oil facilities.

Lamborghini's operating profit falls as geopolitical turmoil shakes luxury car sector

Italian luxury sports carmaker Lamborghini reported an over 8% drop in its half-year operating profit on Wednesday, reflecting sector-wide fragility spurred by tariffs and the

Gucci beat sparks Kering rally as rival Hermes fails to impress

Kering shares surged 16.9% as flagship brand Gucci's better-than-expected quarterly sales lifted hopes that CEO Luca de Meo's turnaround efforts are gaining

Sony poised for 'GTA VI' boost as memory prices bite

Sony is set to be a major beneficiary of the launch of "Grand Theft Auto VI" but the highly anticipated game is landing as the PlayStation maker grapples with

Rescuers haul survivors from wrecked Japan mall as earthquake toll hits 13

Rescuers frantically searched for survivors on Wednesday, a day after a 7.1-magnitude earthquake shook southern

European shares fall as mixed luxury company earnings weigh

European shares edged lower on Wednesday, as diverging results from French luxury groups weighed on the broader sector, while

Porsche restructuring starting to pay off, says CEO

Porsche's restructuring measures have begun to pay off, it said on Wednesday, allowing Volkswagen's embattled luxury brand to keep its profit guidance

Magnificent 7 results set to test broadening US stock market

The S&P 500 has struggled to make further headway since its early June record peak, but that tepid performance belies churning beneath the market's

Microsoft set for $190 billion market value swing after earnings results, options indicate

Options traders expect a roughly $190 billion swing in Microsoft's market value after it reports earnings on Wednesday, an unusually large move that

US diners avoid restaurants as cyclosporiasis fears cut lettuce sales

U.S. consumers are steering clear of some restaurant chains and buying less lettuce in grocery stores as a multistate outbreak of a

South Korea $2 trillion stock rout breaks records as SK Hynix results disappoint

South Korean stocks plunged for a second straight session on Wednesday as Asia's once-blazing AI rally morphed into

"Ugly and rusty," Venezuela's refineries are relics that will be hard to revive

The Paraguana Refining Center in Western Venezuela once symbolized the country's oil wealth

Apple set for strongest June-quarter sales growth in 5 years

Apple's decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can

Trump's attacks on mail balloting and concerns over delays turn midterms spotlight on Postal Service

The U.S. Postal Service is emerging as a pivotal player as the midterm elections approach

CNN Poll: Americans doubt Trump is paying enough attention to the country’s most important problems

CNN Poll: Americans doubt Trump is paying enough attention to the country’s most important problems

China’s humanoid robots have been taking over the global market. Now the US is banning them

China’s humanoid robots have been taking over the global market. Now the US is banning them

Anti-collision alarms sound in the cockpits of two Delta planes during close call at Atlanta airport

Anti-collision alarms sound in the cockpits of two Delta planes during close call at Atlanta airport

Aston Martin keeps forecast, bets on Valhalla after wider-than-expected loss

Aston Martin kept its annual forecasts on Wednesday despite a wider-than-expected second-quarter loss, as the debt-laden luxury carmaker bets on

OCBC seeks to accelerate wealth client onboarding with agentic AI

Bank of Singapore, the private banking arm of Overseas-Chinese Banking Corp, has begun rolling out an agentic AI platform that will cut

Japan PM's political doom loop worsens her fight with markets

Japanese Prime Minister Sanae Takaichi is fighting a losing battle in the polls, making a retreat from promised tax cuts more difficult

BMW to cut several thousand jobs in latest blow to German auto sector

BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy programme, the latest

Fire crews keep blazes near Bordeaux under control as heatwave picks up

French firefighters kept a major blaze west of Bordeaux that had prompted mass evacuations under control overnight, ahead of

Ukrainian drones strike across Russia, hitting refineries, Wildberries warehouse

Ukrainian drones hit oil refineries and logistics facilities in the Russian cities of Perm, Ryazan and Taganrog, as well as the Crimean peninsula overnight, with the country's top

China regulator to meet solar industry on curbing competition, local media reports

China's market regulator will meet with solar industry representatives on Friday to provide guidance on pricing compliance and the implementation of industry cost-

AI race redraws Asian air cargo, replacing e-commerce as growth engine

The global race to build artificial intelligence is redrawing Asia's air cargo map, prompting airlines to redesign networks

UBS posts forecast-beating quarterly profit, flags $3 billion in new buybacks

UBS on Wednesday booked a 17% jump in second-quarter profit that beat expectations, and said it plans to buy back shares worth $3 billion by the middle of

Shared beds, shrinking budgets: China’s young workers feel economic squeeze

Chinese sales agent Winnie Zeng has taken an unusual step to protect herself from an uncertain future: she now shares her rented bed with a stranger to cut costs.

Analysts react to rout in South Korea stocks

South Korea's stock market plummeted for a second-straight session on Wednesday after earnings from chipmaker SK Hynix failed to allay investor fears about the

StanChart lifts income target after wealth boom powers earnings beat

Standard Chartered's push for fee income powered a forecast-beating first-half profit, with the bank lifting its full-year income

Australia inflation undershoots forecasts, markets pare rate hike bets

Australian consumer prices rose at a slower pace in the June quarter as fuel costs eased from peaks, while core inflation undershot forecasts and lessened

Hong Kong home prices extend gains to 13th month in June, pace slows

Private home prices in Hong Kong rose for the 13th consecutive month in June but the rate slowed to 0.3%, data from the Rating and Valuation Department showed on

SK Hynix's record profit misses forecasts, shares slump 10% despite robust AI chip demand

South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations, heightening

Chip rout moves into pAnIc territory

A look at the day ahead in European and global markets from Ankur Banerjee Blockbuster earnings from chipmaker SK Hynix did little to quell investor fear about AI risk as a rout in chip stocks

Ukraine must act asymmetrically against Russia, new acting defense minister says

Ukraine cannot go "punch for punch" when confronting Russia militarily but must use resources carefully and act in an "asymmetric" fashion, Ukraine's new acting defence minister

New Zealand to purchase strike drones as part of defence modernisation

New Zealand plans to purchase long-range one-way strike drones with a preference for local suppliers, Defence Minister Chris Penk said on Wednesday, as it looks to boost

Asian stock rout deepens as AI worries grip markets

Asian stocks sank on Wednesday, extending a vicious selloff as anxiety about AI valuations and whether the massive spending will deliver returns

France orders 4,000 more evacuated as fires displace a third of a million across southwest Europe

French authorities have ordered nearly 4,000 more people to evacuate from Atlantic coast tourist sites because of wildfires

Senate takes first steps on Russian sanctions as Zelenskyy watches from Senate gallery

The Senate took the first steps toward passage of a sweeping Russian sanctions bill on Tuesday with Ukrainian President Volodymyr Zelenskyy in the Capitol

Japan's Takaichi to proceed with food sales tax cut to 1%, Yomiuri reports

Japanese Prime Minister Sanae Takaichi conveyed to ruling party executives her intention to proceed with a plan to cut the sales tax rate on food items to 1% from 8% for two

Russia sanctions championed by Graham clear first Senate hurdle as Zelenskiy visits

The U.S.

Zelenskyy has a 'good meeting' with Trump at the White House as he seeks more cooperation with US

President Donald Trump and Ukrainian President Volodymyr Zelenskyy have met to discuss Ukraine producing its own weapons amid its ongoing war with Russia

India's capital part of aggressive electric vehicle targets in bid to curb air pollution

Delhi has adopted a new policy to make most new vehicles electric, aiming to improve air quality

Trump’s new intelligence chief takes over an office in turmoil

Trump’s new intelligence chief takes over an office in turmoil

Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM's move last week, citing "resilient" customers who

Trump administration bans new Chinese humanoid robots, to protect US AI buildout

The Trump administration on Tuesday unveiled bans that target imports of new Chinese robots and power inverters, seeking to

Trump says he does not care about USMCA as US, Canada plan trade talks

U.S.

Minnesota IT officials disclose 'coordinated cyberattack' at more than 30 local water systems

A "coordinated cyberattack" targeted more than 30 community water systems in the U.S. state of Minnesota on July 26 and July 27, the state's IT agency said in a

Top US oil trade group opposes Hormuz tolls after Gulf-backed voluntary fee proposal

The American Petroleum Institute opposes tolls or transit fees for vessels crossing the Strait of Hormuz, the top U.S. oil industry trade

UK's NIESR nudges up growth forecast, warns of persistent inflation

Britain's economy has been more resilient than anticipated after the energy price shock caused by the Iran war, but inflation will stay above the Bank of England's target

US Senate confirms Trump nominee Clayton as nation's top spy

U.S. Senate Republicans on Tuesday confirmed President Donald Trump's nominee, Manhattan U.S.

Large majority of US Senate votes to advance Russia sanctions, voting continues

A large majority of the U.S.

Peru's Fujimori takes power, extending Latin America's rightward tilt

Keiko Fujimori was sworn in as Peru's president on Tuesday, becoming the latest in a string of conservative leaders elected across Latin

The Latest: US military says it has thwarted an Iranian missile attack on American troops

The U.S. military says Iran launched multiple ballistic missiles at American forces in the Middle East on Tuesday

Former Golden Globes owners sue Penske Media alleging fraud in acquisition of awards show

Members of the Hollywood Foreign Press Association have sued Penske Media and others, claiming they engaged in fraud to acquire the Golden Globe Awards

Netanyahu praises first meeting with Trump since launching the Iran war

Israeli Prime Minister Benjamin Netanyahu says he had an “excellent” meeting with President Donald Trump at the White House

Recent fighting with Iran further draws down key US air defense stockpiles, analysis says

A Washington think tank says recent fighting with Iran has used up more of the U.S. military’s stockpiles of advanced air defense systems

Voters outside Peru defined this year’s razor-thin election. It’s part of an ongoing trend in Latin America

Voters outside Peru defined this year’s razor-thin election. It’s part of an ongoing trend in Latin America

Logitech beats forecasts after US tariff refund

Logitech International reported better-than-expected quarterly sales and profit on Tuesday, helped by a big refund of tariffs imposed under U.S.

Coursera backs co-founder Andrew Ng's new AI education firm with $100 million investment

Andrew Ng, co-founder of online learning platform Coursera, on Tuesday announced a new artificial intelligence startup focused on teaching white-

Trump mourns Lindsey Graham as war hawk, golfing buddy at Washington funeral

U.S.

Seagate forecasts upbeat quarter on strong AI-driven storage demand

Seagate Technology forecast quarterly revenue and profit above estimates on Tuesday, as the rapid buildout of AI infrastructure fuels robust demand for its high-capacity hard disk

Trading Day: A show of resilience  

European and U.S. stock markets on Tuesday shrugged off a deep slump in Asia earlier in the day, following another sharp fall in oil prices and

Resilient tourists help US travel firms absorb Middle East shock

Early earnings reports show travel companies, from hotel chains to cruise operators, have relied on resilient U.S. business and leisure demand, coupled with a

Visa tops profit estimates on resilient spending, World Cup travel

Visa on Tuesday beat estimates for quarterly profit as steady consumer spending and the World Cup-fueled travel demand boosted payment volumes, signaling

Trump administration to end Medicare premium subsidy program

The Trump administration will end a subsidy program, meant to keep premiums stable for Medicare prescription drug plans, after 2026, the Centers for

Oreo maker Mondelez beats second-quarter estimates on steady demand

Cadbury parent Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, helped by steady demand for biscuits and chocolates in key

Oman presents Iran with Gulf-backed plan for voluntary fees to use Hormuz

Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it

AT&T closes $23 billion deal to acquire spectrum from Echostar

AT&T on Tuesday said it completed its $23 billion acquisition of some wireless spectrum licenses from EchoStar under a deal announced in August 2025.

Elon Musk launches invite-only X Money with a Visa debit card, 6% yield and real-time transfers

Elon Musk's social media company X, previously Twitter, has launched X Money, a bank account-like service for users to send money to each other

ICE arrests at US airports are happening more frequently, attorneys say. Here’s what we know

ICE arrests at US airports are happening more frequently, attorneys say. Here’s what we know

Keiko Fujimori is inaugurated as Peru's president following a narrow election victory

Keiko Fujimori has been sworn in as Peru’s president after a narrow victory in the June runoff election

Lawsuit claims US civil rights agency has halted all federal-sector class complaints

A labor union and two female prison employees filed a lawsuit Tuesday accusing a U.S. civil rights agency of unlawfully halting their sexual harassment case as part of wider order to indefinitely suspend proceedings in all federal-sector class claims

5 states offer to accept nuclear waste in exchange for help developing nuclear energy

Five states have agreed to accept nuclear waste from around the country in exchange for federal help to develop nuclear energy and create thousands of jobs

Wall Street's flip from AI to less-loved stocks accelerates, while oil prices keep easing

Most U.S. stocks rose after Coca-Cola and other companies reported stronger profits for the spring than analysts expected

Wildfires darken the clouds over France's Bordeaux wine industry

Wildfires burning outside Bordeaux are underscoring the climate challenges facing France's largest wine region, where producers are grappling with

China in touch with Yemen's Houthis to allow ships to sail through Red Sea, sources say

China has held direct talks with Yemen's Houthi movement to enable its tankers to sail through the

US stocks mixed ahead key tech earnings, Fed

U.S. stocks were mixed on Tuesday ahead of key corporate earnings releases and the Federal Reserve's highly anticipated interest rate decision

FIFA plans to sell stakes in $20 billion subsidiary to run World Cup, angering UEFA

FIFA said on Tuesday it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20% in it to

US agency proposes accelerated approval for commercial space missions

The U.S. aviation regulator on Tuesday proposed new rules to speed up approval of commercial space missions like SpaceX's rocket and satellite

eBay agreed to pay nearly $50 million to couple sent cockroaches, bloody pig mask

eBay agreed to pay nearly $50 million to Massachusetts journalists David and Ina Steiner under a newly finalized settlement resolving a lawsuit over a 2019 cyberstalking campaign carried out by former company employees

Hundreds gather in-person and online in opposition to proposed Tooele data center

Hundreds gather in-person and online in opposition to proposed Tooele data center

Apple briefly tops $5 trillion market value for first time

Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. 

Mexico to pay Vulcan Materials less than 1% of arbitration claim  

Mexico's government said it will compensate Vulcan Materials less than 1% of the $1.7 billion compensation the U.S. quarrying firm sought in international arbitration

Democratic socialism is poorly understood as Michigan contest looms, Reuters/Ipsos poll finds

American leftists aligned with the democratic socialist movement have been defeating moderate Democrats in primary elections this year but large swaths

Three Russian Black Sea terminals restrict grain intake by truck amid shipping risks, sources say

Three major Russian Black Sea grain export terminals have restricted grain deliveries by truck amid rising shipping risks in the Black Sea and increased flows following

Pentair falls as pool equipment destocking hits sales; to buy Taco Group for $1.4 billion

Water technology firm Pentair posted a fall in second-quarter sales on Tuesday, hurt by weak housing demand leading to pool channel destocking in the U.S., sending its shares down

S&P 500 ends higher as investors await tech earnings

The S&P 500 ended higher on Tuesday as gains in Boeing and Coca-Cola helped offset tumbling chip stocks ahead of quarterly reports from Apple and other tech

BIS says AI boom risks clouding central banks' inflation signals

The artificial intelligence boom could make it significantly harder for central banks to judge the state of the economy and set interest rates, as the

Oil prices fall 5% to two-week low after several days without US-Iran strikes

Oil prices dropped about 5% on Tuesday to a two-week low, on cautious hopes that the pause in fighting between the United States and Iran will lead to talks to

Shein discloses FTC probe in US, warns of significant payments

Shein, the online fast-fashion retailer, said its U.S. operations are under investigation by the U.S.

Ray-Ban maker EssilorLuxottica beats estimates as tariff refunds boost profit

Franco-Italian eyewear group EssilorLuxottica reported a 15% rise in first-half adjusted operating profit on Tuesday, comfortably

FIFA plan for Kushner-backed $20 billion operation to run World Cup meets fury from Europe's UEFA

FIFA President Gianni Infantino plans to create a $20 billion company running the World Cup with private investors including the Kushner family

Hedge funds on track for another stellar year on AI boom

Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed

US backs Madagascar rare earths project in push to loosen China's supply chain grip

The U.S. is

Trump's diversity crackdown reverberates through US boardrooms

As U.S.

US goods trade deficit shrinks, is still expected to weigh on Q2 GDP growth

The U.S. trade deficit in goods narrowed in June amid a broad decline in imports, but the improvement was probably insufficient to prevent trade from

Hilton raises annual room revenue growth forecast on World Cup, travel demand

Hilton Worldwide Holdings raised its forecast for full-year room revenue growth on Tuesday betting on growing travel demand, especially among affluent

GSK raises margin outlook, plots $2.5 billion restructuring to fast-track new drugs

GSK launched a £1.9 billion ($2.52 billion) cost-savings effort on Tuesday to help fund the British drugmaker's expanded late-stage

Royal Caribbean raises annual profit forecast, flags modest booking hit from Middle East

Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit

Destroyed Aeon mall had just reopened for 'fresh start' a decade on from deadly quake

The Aeon mall destroyed in a post-quake explosion in southern Japan on Tuesday had just reopened last month as a new

US consumer confidence eases in July

U.S. consumer confidence ebbed in July and households' perceptions of the labor market remained generally weak, a survey showed on Tuesday.

Dollar eases as markets await Fed decision

The U.S. dollar slipped but remained near a one-month high on Tuesday, as traders weighed the prospect of a Federal Reserve interest-rate hike this

France has seen its first 'fire-cloud'. What is it?

France is grappling with an unprecedented fire season that has led to the evacuation of hundreds of thousands of people and dealt a blow to the economy during

UK public inflation expectations ease further in July, survey shows

The British public's expectations for future inflation continued to fall in July, according to a survey from U.S. bank Citi and pollsters YouGov that could help to reduce

Gucci sales decline slows in boost for Kering's turnaround efforts

Sales at Kering's flagship brand Gucci fell less than expected in the second quarter, as strong U.S. demand for its new handbags partly offset weaker

China's chip tool push shows ASML caught in US-China squeeze

China's launch of a homegrown type of advanced lithography chip printing machine is spotlighting how European chip tool maker ASML, whose recent share

UPS hikes full-year forecasts after Amazon delivery reductions, shares drop on investor skepticism

United Parcel Service lifted annual revenue and profit forecasts above Wall Street estimates on Tuesday as it returned to growth on strong

Stranger fixes AC for disabled man after he goes a year without it: "I'm thankful"

Stranger fixes AC for disabled man after he goes a year without it: "I'm thankful"

Woman says tenant changed locks, used fake sale agreement and kept her out for a year

Woman says tenant changed locks, used fake sale agreement and kept her out for a year

The new Air Force One just got a big update - and price tag

The new Air Force One just got a big update - and price tag

DNC Chair Ken Martin’s supporters dismiss concerns about the party’s debt and his leadership

DNC Chair Ken Martin’s supporters dismiss concerns about the party’s debt and his leadership

High School's Student-Run Credit Union Inspires Next-Gen Financial Literacy

High School's Student-Run Credit Union Inspires Next-Gen Financial Literacy

Americans' confidence in US economy falls as Iran conflict sends gas prices higher

Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting

Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation

The Federal Reserve is expected to keep its key interest rate unchanged when it meets Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed him

Centene flags weakening Medicaid membership, shares fall

Centene said on Tuesday it expects a larger dip in membership in its plans for lower-income individuals, leaving the health insurer with a sicker

Corning falls over 20% after forecasting weaker-than-expected sales

Corning on Tuesday forecast third-quarter sales slightly short of Wall Street expectations after reporting slower growth in its key fiber optics unit.

Thousands of children, sponsors arrested by ICE after tips from US child migrant agency

Aurora's 6-year-old daughter arrived at the U.S. border alone and spent more than half a year in a child migrant shelter while her mother, who was already in the

Yum CEO faces first big test as Taco Bell outbreak clouds earnings

Yum Brands earnings on Thursday will offer the clearest view yet of whether a growing cyclospora outbreak linked to Taco Bell has hit sales at the

Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports

Amazon.com is revamping its AI strategy, winding down many in-house AI models and sharpening focus on a new frontier-model effort, Business Insider reported on Tuesday citing

DTE Energy tops quarterly profit estimates as energy trading unit shines

U.S.

Boeing share price rises despite larger-than-expected Q2 loss from higher Air Force One costs

Boeing on Tuesday reported a larger-than-expected quarterly loss after taking a $280 million charge on its troubled Air Force One

US single-family home prices increase in May, FHFA says

U.S. single-family house prices increased in May and could combine with higher mortgage rates to make home ownership even less affordable for most young people.

Apple launches US device leasing program with Klarna

Apple on Tuesday launched a device leasing program in the U.S. through payments firm Klarna, offering customers monthly plans for iPhones, Macs, iPads and Apple Watches.

S&P Global profit jumps, strikes datacenterHawk, Agusto deals

S&P Global reported a stronger second-quarter profit on Tuesday, as clients sought its ratings, indices, market intelligence and analytics products amid heightened geopolitical

Italy's League says parliament will have final say on EU defence funds

Italy's League party, a member of the ruling coalition, said on Tuesday that any decision on whether to tap a European Union scheme to

Persistently high inflation to nag global economy, say economists: Reuters poll 

The prospect of persistently high inflation in the global economy is rising, according to a Reuters poll of nearly 500 economists who

Coca-Cola hails World Cup hydration breaks as it lifts annual forecasts

While fans complained about World Cup hydration breaks slowing the pace of the games, top sponsor Coca-Cola was pleased with the boost they

Nasdaq opens lower as AI worries mount ahead of pivotal earnings

The Nasdaq opened lower on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition,

Meta, BlackRock partner on $14 billion El Paso data center venture

Meta Platforms and the world's largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a

Oil prices fall 2% on hopes for US-Iran conflict easing

Oil prices slid about 2% to a one-week low on Tuesday on cautious hopes for a resolution to the Iran war as traders continued to assess developments in the Middle

Market warning signals flare again as tech, inflation fears intensify

Several crucial market warning signals are close to crisis levels as investors grapple with high oil prices and Middle East

Under pressure over China backers, Mercedes CEO pledges to defend US business

Mercedes-Benz's CEO pledged on Tuesday to shield its U.S. business from a possible sales ban, as concerns in Washington over the German carmaker's Chinese

Brazil inflation nears target band, supporting more monetary easing

Brazil's 12-month inflation rate undershot forecasts and moved closer to the central bank's target range in its mid-July reading, official data showed

Record seaweed blankets Mexico's Caribbean coast, threatening tourism and the environment

A record wave of brown, smelly seaweed is washing up on beaches along Mexico's Caribbean coast, forcing closures in top

Textron tops results estimates, aviation productivity concerns weigh

Textron beat second-quarter profit and revenue estimates on Tuesday, owing to higher aircraft pricing, but productivity issues at its aviation unit weighed on

JetBlue recaptures nearly half of fuel cost surge, beats Street estimates

JetBlue Airways on Tuesday reinstated its annual outlook, beat Street estimates and introduced a profit target for 2028 despite ongoing

Visa to lay off 7% of staff as efficiency push deepens

Visa plans to cut 7% of its workforce, or about 2,600 jobs, a company spokesperson said on Tuesday, as the payments processor seeks to become more efficient, about

Do bonds appreciate over time?

Bond prices can change in the short term, but they’re not the best way to generate long-term growth

Workplaces look for cheaper AI as ‘tokenmaxxing’ fades as a corporate fad

A corporate fad of “tokenmaxxing” on artificial intelligence technology is hitting its limits as workplaces throwing AI at everything are seeing the costs rise without a similar spike in productivity

Affordable housing often costs more to build than market-rate housing – Colorado is closing the gap

Lower land costs and new statewide housing reforms have made Colorado an outlier.

Trump administration changes to ‘public charge’ rule could keep millions of immigrants – and their US citizen kids – from getting healthcare they need

A new policy could deny an immigration application based in part on the use of government benefits by a close relative.

Apple will now let you lease your next iPhone or Mac instead of buying it

Apple will now let you lease your next iPhone or Mac instead of buying it

Johnson & Johnson proposes $5.5 billion talc settlement to end marathon legal fight

Johnson & Johnson has agreed to pay $5.5 billion to tie up remaining lawsuits that claim its talc products caused ovarian cancer

Bar to Fed rate hike this week remains high even as markets see a chance

By Ann Saphir and Michael S.

China hits back at criticism over excess industrial capacity as more US tariffs loom

China has rejected criticism that its huge trade surplus reflects excessive manufacturing capacity

US bond market avoids big rate bets as inflation dims Fed outlook

Bond investors said they are heading into this week's Federal Reserve policy meeting cautiously positioned as inflation uncertainty clouds the

Sports betting industry spending on US midterm elections surpasses $72 million

DraftKings, FanDuel and other online sports betting companies have ramped up election spending on the U.S. midterms to at least $72 million so far, the

Kremlin says the government is monitoring situation with Wildberries retailer after Ukrainian attacks

The Kremlin said on Tuesday that the Russian government was monitoring the situation with e-commerce giant Wildberries after Ukrainian drone attacks on its warehouses

China starts production of home-grown immersion DUV chipmaking tools, source says

China has begun mass producing domestically developed immersion deep-ultraviolet (DUV) lithography machines, a technology crucial to advanced chipmaking,

German economy likely showed some resilience to war in Q2, Bundesbank says

The German economy likely grew modestly in the second quarter, despite headwinds from the war in the Middle East, as its vast industrial sector remained relatively

Family-owned companies have big appetites for US snack M&A

Family-owned food companies are stocking up on U.S. snack companies, which are warming to the idea of private backers - many of them overseas -

PayPal presses on with turnaround in pivotal quarter as sale questions linger

PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is

UK's Labour Party catches Reform in polls after Burnham becomes PM

Britain's governing Labour Party has caught up with, or overtaken, Nigel Farage's populist Reform UK in the polls, according to three different surveys

Chip rout snowballs

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chip stock correction snowballed again overnight amid growing

Fitch warns AI market correction emerging as major global credit risk

The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring

Oman proposes Hormuz management system with voluntary fees, source says

Oman has presented a proposal to Iran for joint regional management of the Strait of Hormuz with shipping

India's June industrial output grows fastest in nearly two years on manufacturing boost

India's industrial output grew 7.3% in June, its fastest pace since July 2024, data showed on Tuesday, driven by strong manufacturing activity on

Cost cuts help Mercedes stabilise profit but China woes loom

Mercedes-Benz posted a higher profit in the second quarter helped by tough cost cuts, pushing its shares up on Tuesday, but intense Chinese competition

AMD signs AI data center deal with Core Scientific

AMD on Tuesday signed a deal with Core Scientific to secure up to 2.5 gigawatts of data center capacity as the chip firm expands infrastructure to meet growing demand for AI

BetMGM cuts outlook as prediction market competition grows

U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as

Skippy peanut butter maker Hormel Foods names insider John Ghingo as CEO

Hormel Foods on Tuesday named insider and industry veteran John Ghingo as CEO, as the Skippy peanut-butter maker looks to drive growth and modernize operations amid a challenging

Several feared trapped in collapsed shopping mall after Japan quake

Several feared trapped in collapsed shopping mall after Japan quake

You can turn part of your retirement savings into a paycheck for life. But it takes careful planning

You can turn part of your retirement savings into a paycheck for life. But it takes careful planning

Democrat's TV ad targets data centers in drive to oust Republican from swing Pennsylvania House seat

Democrat Paige Cognetti is taking a shot at artificial intelligence data centers in her challenge to Republican congressman Rob Bresnahan, saying “we are not for sale” in a TV ad in a swing Pennsylvania district

Kevin Warsh can’t reopen the Strait of Hormuz

Kevin Warsh can’t reopen the Strait of Hormuz

LVMH fails to reassure on luxury recovery, shares fall

Shares in LVMH slipped 1.5% on Tuesday after the French luxury giant's second-quarter results failed to reassure investors that a broader recovery in luxury demand was firmly

Spain's unemployment rate falls to 9.87% in Q2, lowest in 18 years

Spain's unemployment rate fell back below 10% in the second quarter of 2026, reaching its lowest level since 2008 even as the labour force rose

Protesters storm key energy complex in Libya during demonstrations over power outages

Protesters have stormed a key energy complex in western Libya during an ongoing anti-government demonstrations over power outages

High-tech manufacturing hubs pull ahead in China's uneven growth

China's regional growth data underscored the uneven nature of the country's economic transition in the first half of 2026, as provinces at the

Israel's yellow line, a shifting edge of war pushing Gazans from home

On a road in Gaza City's Zeitoun district, Palestinian resident Assem Dawla loaded mattresses and bags onto a truck as concrete

European shares rise as Unilever lifts consumer stocks

European shares rose for a third straight session on Tuesday, as strong results from Unilever helped lift consumer-focused stocks

Google rivals line up seeking damages after record $1 billion EU fine

A decades-long crackdown on Google's business practices in Europe is entering a costly new phase, as the loss of the first case

AI is making your life more expensive. Here’s how

AI is making your life more expensive. Here’s how

BHP, Port Hedland union wage talks end without deal, more talks planned

Wage negotiations between BHP and unions representing Port Hedland workers at the miner's iron ore operations wound up on Tuesday without agreement, with more talks

Philips falls 9% as weak orders, China concerns overshadow outlook hike

Philips shares fell 9% on Tuesday after the healthcare technology group reported weaker-than-expected orders and warned of a more challenging

Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making

Stellantis has agreed to sell its Free2move car-sharing unit to German investment company Mutares, the automaker said on Tuesday, as CEO Antonio Filosa continues efforts to

Bab el-Mandeb shipping rises amid hopes of resolution in US-Iran war

The number of vessels passing through Bab el-Mandeb rose to 28 on Monday, a four-day high, while traffic through the Strait of Hormuz remained low,

Citi expands Asia FX options desk with three senior trader hires in Singapore

Citigroup has appointed three senior traders to its foreign exchange options desk in Singapore as it seeks to boost its regional market-making and risk management

Chips jolted as momentum shifts in AI

A look at the day ahead in European and global markets from Tom Westbrook Chip stocks tanked across Asia on Tuesday, spooked by the twin threats of rising Chinese competition and mounting questions

Australia's sudden housing chill seeps into economy

Australia's housing market is suffering its worst slowdown since the pandemic as rising borrowing costs and a sharp reversal in tax breaks

Iran's foreign minister discusses security of Strait of Hormuz with Saudi, Omani counterparts

Iran's foreign minister discussed issues related to the security of the Strait of Hormuz in separate phone calls with his Saudi and Omani counterparts on Monday evening,

Dubai launches $800 incentive scheme to lure back tourists after Iran strikes

Dubai launches $800 incentive scheme to lure back tourists after Iran strikes

RBA's chief unsure if more rate hikes needed to tame inflation

Australia's central bank chief on Tuesday warned that underlying inflation remained too high and a further slowdown in domestic demand may be required to tame prices,

Asian chip stocks slide as China competition fears rattle AI trade

Asian semiconductor stocks tumbled on Tuesday, with South Korea leading the regional selloff, as investors questioned

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the

USTR's Greer says Trump's latest tariffs won't have an economic impact

U.S.

South Korea may cap leveraged ETF investments for retail investors, media reports say

South Korea's top financial regulator said on Tuesday that authorities would consider a cap on single-stock leveraged exchange-traded funds (ETF) investments for retail

J&J reaches sweeping talc deal that could end decade of litigation

Johnson & Johnson said on Monday it would pay an estimated $5.5 billion to resolve

Newly released Biden audio recordings include references to ‘classified’ material and struggles with memory

Newly released Biden audio recordings include references to ‘classified’ material and struggles with memory

Irish consumer sentiment slips in July on cost-of-living concerns

Irish consumer sentiment fell slightly in July on concerns about the cost of living, a survey showed on Tuesday.

UK shop prices rise by least since December, BRC says

Average prices at British retailers rose by an annual 0.9% this month, the smallest increase since December 2025, as the men's soccer world cup triggered supermarket

State official outlines proposed federal cuts to Colorado River water for Arizona, California and Nevada

A U.S. plan for sharing the waters of the drought-stricken Colorado River would require Arizona, California and Nevada to cut their water use by a fifth in the next

Brazil requests WTO consultations over US tariffs

Brazil has requested consultations with the U.S. under the World Trade Organization's dispute settlement system over tariffs announced by the Trump administration this

US looks to boost anti-China spending worldwide by hundreds of millions, documents say

The Trump administration is preparing to ramp up funding by hundreds of millions of dollars for programs designed to counter China’s growing influence worldwide

Zelenskiy to meet US senators, Russia sanctions vote expected

All 100 members of the U.S.

Watchdog finds staffing, guidance gaps in transfer of USAID programs

The U.S. State Department's hurried takeover of aid programs from the shuttered U.S.

Oil plunges, stocks 'n' bonds shrug

Oil prices tumbled on Monday as the U.S. and Iran swapped attacks on each other for dialogue, while Wall Street and Treasuries traded in much

Houthis pushing to model Iran's Hormuz control in Red Sea, Yemeni FM says

Yemen's Houthi Movement aims to replicate Iran's Hormuz Strait strategy in the Red Sea by disrupting shipping in the Bab el-Mandeb and has been emboldened

Trump admin's proposed prediction market rule faces public pushback

Lawmakers, Native American tribes, consumer advocates and others are voicing strong opposition to the Trump administration's plans to regulate sports and other wagering

Nucor beats quarterly results on strong pricing, demand

Nucor beat Wall Street estimates for second-quarter profit and revenue on Monday, helped by higher pricing and strong volumes in its steel mills segment.

Boston Scientific unveils new restructuring plan, expects job cuts

Boston Scientific's board has approved a new company-wide restructuring plan aimed at cutting costs and to better position the company for future growth, the medical device maker

Pentagon says it will not finish spending Ukraine funds until year Trump leaves office, source says

U.S.

Fact check: Trump is approaching 10 years of telling his Michigan ‘Man of the Year’ lie

Fact check: Trump is approaching 10 years of telling his Michigan ‘Man of the Year’ lie

IMF chief says Argentina is better positioned to meet debt obligations under Milei

International Monetary Fund Managing Director Kristalina Georgieva praised President Javier Milei’s austerity policies during a visit to Buenos Aires

Federal survey shows promising trends for youth mental health and drug use

A key U.S. government report on mental health, substance use and addiction shows continued improvements in several metrics, especially among young people

FAA delaying flights at New York, Philadelphia airports

The Federal Aviation Administration said on Monday it was slowing flights into three New York City area airports and Philadelphia International

Cadence raises annual forecasts as demand booms for AI chip design

Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.

Trump uses GM stage to launch midterms attack on Democrats

U.S.

Just one in three Americans back Iran war, most unsure of Trump's goals, Reuters/Ipsos poll finds

Just one in three Americans support the war on Iran, the lowest reading in a Reuters/Ipsos poll since the five-month-old conflict's early

Oil prices settle at lowest in over a week, as US pauses attacks on Iran

Oil prices fell on Monday, settling at their

Trump says US and Tehran having 'good talks' as drones hit Iran's neighbours

President Donald Trump said on Monday the United States was having "good talks" with Iran and there was a

Cincinnati Financial's quarterly profit falls on higher catastrophe losses

Property and casualty insurer Cincinnati Financial on Monday reported a fall in second-quarter profit on higher catastrophe losses, sending its shares down 5.1% in extended trading

Stocks drift on Wall Street and crude oil prices drop as Mideast tensions cool

Stocks drifted to a mixed close on Wall Street and oil prices fell after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end their war

Trump defends his sweeping tariffs and watches 'America First' drag races during Michigan stop

President Donald Trump says his economic policies have revived the auto industry and American manufacturing

The Latest: Trump praises his sweeping tariffs while in Michigan for a speech on the economy

A federal appeals court has upheld a ruling that halted President Donald Trump’s executive order to create a federal list of eligible voters and limit delivery of mail ballots only to people on that list

Trump urges Senate to pass legislation ending clock changes

Trump urges Senate to pass legislation ending clock changes

US-Canada bridge opens in Detroit even as trade disputes test the neighbors' ties

Traffic is flowing across a new bridge over the Detroit River that will serve as a critical route for trade and tourism between Canada and the U.S. The bridge is named for Gordie Howe, a native of Canada who famously played hockey for the Detroit Red Wings

Mediators see progress in efforts to halt Iran war as drone attacks rattle region

Mediators have made progress in efforts to bring the United States and Iran back to negotiations and prevent an all-out war in the Middle East

Stocks mixed, oil and Treasury yields drop on Iran-US pause

Stocks were mixed on Monday while oil prices tumbled and Treasury yields dropped after the United States and Iran paused strikes over the weekend, halting two

Mexico economy likely rebounded in second quarter

Mexico's economy is likely to have recovered in the second quarter, driven mainly by a rebound in industrial activity, according to a Reuters poll on Monday.

Monte dei Paschi, Banco BPM working on deal with cash component, Bloomberg News reports

Banca Monte dei Paschi di Siena and Banco BPM advisers are exploring a merger that would mix cash and shares as a possible alternative to Intesa Sanpaolo's offer for Monte Paschi,

Nvidia to invest $5 billion in Ilya Sutskever's AI startup, source says

By Deepa Seetharaman SAN FRANCISCO, July 27 - Nvidia will make a $5 billion equity investment in Safe Superintelligence as part of a strategic partnership between the chipmaker and the startup co-

Brazil, South Korea agree to advance talks for Mercosur trade deal

Brazil and South Korea agreed to accelerate talks on a potential trade deal between the Asian nation and the South American bloc Mercosur, their presidents said on Monday

Wall Street ends mixed as investors focus on tech earnings

Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while

Baker Hughes flags lower spending by oil and gas producers in 2026

Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin

Pentagon says US industry still years from matching Ukraine's wartime drone output

The Pentagon official tasked with building a domestic drone industry said on Monday the United States is still in

Republicans decry a new Democratic Socialists of America platform as Dem primaries split the party

A new platform from the progressive Democratic Socialists of America is sparking Republican attacks

Expand Energy to beef up gas marketing business with $1.25 billion Twin Eagle deal

Expand Energy said on Monday it would buy privately held natural gas marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion to expand its

Apollo Global to invest $1.5 billion in Keppel oil rig fund

Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday.

Cracker Barrel CEO departs a year after Trump joined backlash over logo change

Cracker Barrel on Monday said Julie Masino would step down as its CEO, nearly a year after the company faced criticism from conservatives, including U.S.

US appeals court upholds Colorado congestion fee on rental cars

The 10th U.S.

LVMH sales tick up as US luxury demand offsets hit from Iran war

Sales at luxury giant LVMH edged higher in the second quarter as strong demand from affluent U.S. shoppers helped offset weaker spending in Europe, where

JetBlue updates fare structure as airlines see benefit of segmented pricing

JetBlue Airways said on Monday it is overhauling its fare options, giving customers more flexibility to choose seats, as well as change and

Why El Niño's promise of a quieter hurricane season may not guarantee good news for insurers

For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but

World risks HIV resurgence as funding falls 18%, UNAIDS says

The world risks a resurgence of the HIV epidemic after global funding fell by nearly a fifth last year, the U.N. body fighting AIDS said on Monday.

Trump says Fed should lower interest rates

U.S. President Donald Trump on Monday called on the Federal Reserve to lower interest rates, saying the U.S. should have the lowest interest rate in the world. 

Armenia's Pashinyan asks Putin to help resolve Russian restrictions on Armenian exports

Armenian Prime Minister Nikol Pashinyan asked Russian President Vladimir Putin during a phone call on Monday to help resolve a dispute over Russian restrictions on Armenian exports

US Treasury trims 84 people, firms from its sanctions list as review continues

The U.S.

Cracker Barrel CEO steps down a year after logo debacle

Cracker Barrel’s CEO is stepping down nearly a year after an attempted rebrand of the chain led to fierce customer backlash

Stocks waver on Wall Street while crude oil prices fall for the first time in a week

Stocks drifted on Wall Street and oil prices fell for the first time in a week, even as heavy fighting in the Middle East again threatened to slow the global flow of oil

Scammer tricks woman into depositing $2,000 at courthouse ATM

Scammer tricks woman into depositing $2,000 at courthouse ATM

The Iran and Ukraine wars are colliding on the world’s biggest lake. Here’s what to know

The Iran and Ukraine wars are colliding on the world’s biggest lake. Here’s what to know

Wall St opens higher as pause in US-Iran hostilities lifts sentiment

Wall Street's main indexes opened higher on Monday after the United States and Iran paused hostilities, boosting risk appetite ahead of a week of major earnings, economic data and

Italian machine tool sector wants tougher EU trade rules on China

The European Union must bolster trade defence measures against aggressive competition from Chinese machine

Peru's president-elect Fujimori names key ministerial appointments

Peru's President-elect Keiko Fujimori on Monday named the Economy Minister, Foreign Minister, and Prime Minister for her administration, which is due to be sworn into

US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom

New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged by the most in 4-1/2 years as businesses ramped

Government engagement with AI creates more uncertainty for investors, Bridgewater CIOs warn

The engagement of government with AI could potentially slow the adoption and progress of the technology and create more uncertainty for investors, Bridgewater's co-chief investment

China begins making homegrown DUV chipmaking tools, The Information reports

China has begun manufacturing domestically developed immersion deep ultraviolet lithography machines, a key chipmaking tool long dominated by Dutch supplier ASML, The Information

Houthis say they targeted Saudi east-west oil transport

Yemen's Iran-aligned Houthis said on Monday they targeted a number of sensitive crude oil supply and transport sites linking eastern Saudi Arabia to the critical Red Sea oil export

The only way some travelers can afford summer trips: raiding cherished loyalty points stashes

The only way some travelers can afford summer trips: raiding cherished loyalty points stashes

US firms in Europe broadly see stable transatlantic ties a year on from trade deal

A majority of U.S. companies operating in Europe now expect stable transatlantic trade and investment relations, a marked improvement from their

Goldman Sachs Alternatives buys control of Italian medtech firm Numantec

The private equity arm of Goldman Sachs has agreed to acquire control of Italian medical equipment maker Numantec from White Bridge Investment, the companies said, betting

Indonesia faces test of central bank independence after governor's shock exit

Just as a fragile calm was returning to Indonesian markets, the abrupt resignation of the central bank chief has reignited

IMF chief praises Argentina's economic reforms as 2027 debt hurdle looms

International Monetary Fund Managing Director Kristalina Georgieva expressed confidence on Monday in President Javier Milei's economic reforms and the

China accuses US of 'AI hegemonism', threatens countermeasures over potential probes

China's commerce ministry on Monday accused the United States of "AI hegemonism" and threatened countermeasures after senior U.S. officials said

Tesla wins bid to revive UK lawsuit for 5G patents licence

Elon Musk's Tesla on Monday won its bid to revive a London lawsuit brought against U.S. technology firm InterDigital and a patent licensing platform, seeking a patent

Saab wins $1 billion order for surveillance aircraft in Middle East

Saab has received an order for two GlobalEye surveillance aircraft from a country in the Middle East region worth 10.1 billion Swedish crowns ($1.04 billion), with deliveries

China opposes US 'forced labour' tariffs, calls for them to be cancelled

China's commerce ministry said on Monday that new U.S. tariffs imposed on Chinese goods over alleged forced labour

Porsche to axe one in five jobs by 2035 as China, EV woes bite

German luxury carmaker Porsche will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen

Philip Morris doubles Colorado campus investment to $1.2 billion

Philip Morris International said on Monday it had doubled its planned investment in its Colorado manufacturing campus to about $1.2 billion through 2028, as it expands production

LVMH's Arnault dismisses reports of family rift

Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five children,

Amazon's Leo proposes satellite constellation for direct-to-phone service

Amazon's Leo on Monday proposed a constellation of up to 5,105 satellites to provide direct-to-device voice and data connectivity,

Hedge fund bets on rising US healthcare stocks near 5-year high, Goldman says

Hedge fund bets that healthcare stocks will rise neared a five-year high last week, a Goldman Sachs note showed, as cash-rich speculators believe AI-

Durigan says Brazil will press US on tariffs, expects solution after election

Brazil's Finance Minister Dario Durigan said on Monday that U.S. tariffs on several goods from his country amount to "external interference" and predicted the dispute

Philippine president slams China in veiled rebuke in his state of the nation speech

Philippine President Ferdinand Marcos Jr. has denounced China in a veiled rebuke in his state of the nation speech

Clinton Foundation launches an institute to help state governments find nonpartisan solutions

The Clinton Foundation has launched a new initiative to develop nonpartisan policy solutions with state and local governments

Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress

The first 18 months of President Donald Trump's second term in the White House have seen a series of policy-driven economic

Trump may need to allow Chinese minerals as US industry struggles to meet 2027 deadline

U.S.

China chip champ

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A pause in the Iran conflict and a sizeable retreat in crude oil

Shein will struggle to justify up to $50 billion Hong Kong IPO valuation

Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a

Elusive founder Sky Xu faces spotlight as Shein seeks Hong Kong listing 

Shein's draft prospectus for a Hong Kong listing, published on Sunday, offers rare details about the role of its reclusive

UK retailers report smallest sales drop since January, CBI says

British retailers reported the smallest downturn in sales in six months in July but remained gloomy overall due to continued cost pressures, the Confederation of British

Growing number of brokerages see July Fed decision as 'a close call' 

A growing number of major brokerages believe there is a real risk of the Federal Reserve delivering a rate hike at its meeting this week, given this month's surge in oil prices and

HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub

HSBC will hire more than 100 artificial intelligence specialists and 100 wealth managers in Singapore, deepening investment in two areas central to the bank's Asian

Philippines' Marcos puts anti-graft campaign at centre of address to Congress

Philippine President Ferdinand Marcos Jr. said on Monday he was "not the president of my family" and "not the president of my friends" as he vowed to press ahead with an

Africa facing up to $20 billion economic hit from 'super' El Niño, AfDB climate chief warns

An impending "super" El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African countries and trigger mass

Coca-Cola says fairlife resumes production at 4 US plants after cyberattack

Coca-Cola on Monday said its dairy company, fairlife, resumed most of the production at four U.S. facilities, where operations were halted after unauthorized third-party access on

Years of scandals haven't stopped Ken Paxton. Can James Talarico change that?

Democrat James Talarico is challenging Republican Ken Paxton in a closely watched U.S. Senate race in Texas

The Fed confronts an unusually confusing economic moment

The Fed confronts an unusually confusing economic moment

2 men scheduled to be put to death in Florida Tuesday in rare double execution

2 men scheduled to be put to death in Florida Tuesday in rare double execution

ECB's Kazimir: September rate hike likely needed even if outlook improves

The European Central Bank will need to raise interest rates at least once more to contain inflation and a deterioration in the outlook could warrant more tightening than

Shein reveals financials, valuation in Hong Kong IPO filings

Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a

European shares steady as tech weakness offsets US-Iran optimism

European shares ended little changed on Monday as losses in technology stocks, led by ASML, stifled a rally fuelled by easing U.S

Chipmaker CXMT vaults to top of China's valuation with 466% surge in Shanghai debut

Shares of CXMT Corp soared 466% on their Shanghai trading debut on Monday following Asia's biggest IPO this year, catapulting

German business sentiment rises more than expected in July, Ifo survey shows

German business morale grew more than expected in July as the outlook for companies improved across sectors, a survey showed on Monday, although they

China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai

Shares of Chinese memory chipmaker CXMT have soared as the company began trading in Shanghai in mainland China’s biggest IPO in recent years

Inside the fights to maintain TPS status for thousands after the Supreme Court sided with Trump

Inside the fights to maintain TPS status for thousands after the Supreme Court sided with Trump

Indonesia's Prabowo approval rating drops to 51.1%, survey finds

The approval rating of Indonesian President Prabowo Subianto fell to 51.1% in July 2026, a poll showed, with respondents pointing to the state of the country's economy

Japan's Takaichi defends policy as underpinning yen, approval rating slumps

Japanese Prime Minister Sanae Takaichi said government efforts to boost the country's growth potential will underpin market trust in the yen, countering

Emerging markets stare at inflation risks as powerful El Niño looms

Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices

Bank of England to keep rate steady despite oil and gas price rebound

The Bank of England looks set to keep interest rates unchanged at 3.75% on Thursday, despite a recent spike in oil prices above $100 a barrel which may

Hong Kong IPO-bound Shein's management and ownership structure

Shein's draft prospectus for a Hong Kong market listing has for the first time shed light on the top management and ownership structure of the online fast-fashion retailer, which

Bank of Japan to signal more rate hikes as price pressures build

The Bank of Japan is set to keep interest rates steady on Friday but leave scope for further hikes with hawkish communication, as the economy faces mounting

RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll

The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of

Germany's sick-note crackdown may be treating the symptoms, not the disease

Germany's plans to tighten sick-note rules may be mistaking the symptoms of rising absenteeism for the underlying illness,

Markets dare to hope as US, Iran put war on hold

A look at the day ahead in European and global markets from Wayne Cole.

As fashion stumbles, jewellery will help shape luxury's winners

As luxury groups grapple with weak fashion sales and a hit to spending from the Middle East conflict, investors are increasingly focused

South Korea's Naver jumps 10% on Nvidia's $1 billion investment plan

Shares of South Korean internet and cloud service giant Naver jumped more than 10% on Monday after it said Nvidia would acquire $1 billion of its new shares to finance a

Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows

Ship traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, while transit through

Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports

Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI as part of a massive data center project, the Wall Street Journal reported on Sunday. 

China's industrial profit growth moderates as exports cushion uneven recovery

Profits at China's industrial firms grew at a solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy's uneven

As Indonesia cuts methane emissions, life atop a mountain of garbage begins to change

At Indonesia’s largest landfill, Bantargebang, waste picker Nur Wencih fears a sweeping government crackdown on open dumping could threaten the livelihood that has supported her family for two decades

Japan June services producer prices rise as Iran war keeps freight costs high

Japan's services producer price index rose 3.2% in June from a year earlier, central bank data showed on Monday, a sign of broadening inflationary pressure that will keep

How Singapore's unique monetary policy works

Singapore's central bank tightened its monetary policy settings unexpectedly on Monday, with inflation projected to step up in the months ahead.

Oil prices ease after US and Iran pause their attacks

Oil prices have fallen further in early trading after setting a two-month high set last week

Genevieve becomes a major Pacific hurricane off Mexico, but no direct threat to land is forecast

Hurricane Genevieve has strengthened into a major Category 4 storm southwest of Mexico in the Pacific Ocean

US and Iran pause their attacks after days of escalation

The United States has not attacked Iran for a second day, and Tehran says it has also halted attacks

How rising gas prices impact business at Chandler Driving School and tips they're passing onto students

How rising gas prices impact business at Chandler Driving School and tips they're passing onto students

Vance, Caine raised concerns about escalating war in Iran, sources say as US pauses consecutive nights of strikes

Vance, Caine raised concerns about escalating war in Iran, sources say as US pauses consecutive nights of strikes

For some, so-called 'Skynet Day' came too close to sci-fi after a rogue agent hacked into a startup

In 1984, the Skynet of "The Terminator" films were science fiction

Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO

Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on

Lula calls new US tariffs a mistake in Washington Post op-ed

Brazilian President Luiz Inacio Lula da Silva called new U.S. tariffs unfair and a strategic mistake in a Sunday opinion column for The Washington

Cuban president accuses US of 'political genocide' on anniversary of revolution

Cuban President Miguel Diaz-Canel issued a sharp condemnation of Washington's oil embargo and hardened sanctions in a speech on Sunday, calling the policy of

After 5 car washes, driver's car still "smells like a barn" after driving through manure on highway

After 5 car washes, driver's car still "smells like a barn" after driving through manure on highway

Kremlin says too early to comment on reported US-Ukraine air ceasefire talks

Russia considers it premature to comment on reports that the United States and Ukraine are discussing a possible halt to aerial attacks as part of efforts to end the war, Kremlin

‘Going it alone does not work’: America’s first one-party war

‘Going it alone does not work’: America’s first one-party war

Senegal's President Faye launches new party, cementing ruling camp split

Senegal's President Bassirou Diomaye Faye has launched a new political party, formalising his break with former Prime Minister Ousmane Sonko and the ruling Pastef party that

Ugandan diplomat Otunnu joins race to become next UN head

Ugandan diplomat Olara Otunnu has joined the contest to become the next secretary-general of the United Nations, the seventh contender to succeed Antonio

Massachusetts Democratic Senate primary sets up a battle of generations

Massachusetts Democratic Senate primary sets up a battle of generations

The US military hasn’t blown up an alleged drug boat in a month. Has the campaign worked?

The US military hasn’t blown up an alleged drug boat in a month. Has the campaign worked?

Romania shoots down third Russian drone, as president calls breaches 'intolerable'

A Romanian F-16 fighter jet pilot shot down a Russian drone over the Black Sea, the defence ministry said on Sunday, the latest in a series of breaches of the NATO

A forced-labor crackdown or an end-run around Congress? Dissecting Trump's new tariffs

The Trump administration has levied tariffs on more than 60 countries, using a legal justification that permits the president to impose import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices

Airstrikes have paused and talks are pressing forward. But can the US and Iran take the off-ramp?

The U.S. military has paused its airstrikes on Iran after nearly two weeks of intensifying bombing

‘There is freedom’: Why Asian women are leaving their husbands in their 50s and 60s

‘There is freedom’: Why Asian women are leaving their husbands in their 50s and 60s

Cheaper, open and intelligent: Chinese AI models gain ground, as they make inroads in the US

Chinese AI models are gaining popularity in the U.S. for their affordability and efficiency

Australia to raise concerns over new tariffs with Trump, PM Albanese says

Australia's Prime Minister Anthony Albanese said on Sunday he would seek to raise the issue of tariffs with U.S.

Iran war spreads to Red Sea and Caspian, Gulf quiet as US forgoes strikes

The Iran war broadened over the weekend despite a pause in U.S. strikes, as Yemen's Iran-aligned Houthis attacked Saudi

Flavio Bolsonaro launches Brazil presidential campaign, touts support from Milei, Netanyahu

Brazilian Senator Flavio Bolsonaro, eldest son of former president Jair Bolsonaro, on Saturday formally launched his bid to challenge President Luiz

Iran-backed Houthis fire missiles at Saudi Arabia in response to airstrikes in Yemen

Yemen’s Iran-backed Houthi rebels say they fired missiles and drones at Saudi Arabia in response to Saudi airstrikes on Yemen's strategic Red Sea city of Hodeida

Houthis fire on Saudi oil sites; no US strike on Iran for first time in two weeks

Yemen's Iran-aligned Houthi militants fired on Saudi oil installations in two ports on the Red Sea coast on Saturday, but

Trump administration admits it canceled clean-energy grants in states that voted for Kamala Harris

Trump administration admits it canceled clean-energy grants in states that voted for Kamala Harris

India's Instagram Gen Z dents Modi's aura ahead of key state polls

By Krishna N.

Michigan battles massive cyclosporiasis outbreak as state reels from Trump cuts

Two weeks before the U.S.

Brazil's Flávio Bolsonaro secures presidential bid despite challenges

Brazilian senator Flávio Bolsonaro has been confirmed as the presidential candidate for his father's Liberal Party

LSEG's Lipper reviews transaction affecting fixed-income fund flow data

London Stock Exchange Group's (LSEG) Lipper unit said on Saturday it was investigating an unusually large transaction in one investment-grade bond fund that distorted its wider

Small businesses file lawsuits against Trump's new sweeping tariffs

Trump’s tariffs are headed to court — again

Disappointment and fear as tens of thousands people evacuate French wildfires

When raging wildfires threatened Mohammed Laabar's hometown in southwestern France on Friday, he and his wife gathered their three-year-old son,

Water hauling is the new chore no rancher asked for

The combination of the worst snowpack on record and fast-spreading wildfires is changing the job description for ranchers in the Rocky Mountains

India youth protesters agree to end protests after talks with government

India's youth protesters have agreed to end their demonstration, a spokesperson of the 'cockroach' movement told reporters after talks with the government on Saturday.

Drone threat in Russia's Yekaterinburg disrupts Wildberries operations and athletics championships

A drone threat prompted leading Russian online retailer Wildberries to evacuate its logistics hub on Saturday in the city of Yekaterinburg, where the national

Houthis fire on Saudi Red Sea oil sites

Yemen's Iran-aligned Houthi militants fired on Saudi oil installations in two ports on the Red Sea coast on

India to keep engaging with US on trade deal after new tariff measures

India said on Saturday it would continue engaging with the United States to conclude a bilateral trade agreement, after Washington imposed a 10% tariff

Fact check: Trump’s false claims at the White House Correspondents’ Dinner

Fact check: Trump’s false claims at the White House Correspondents’ Dinner

Swiss cheesemakers try to fill hole in sales from US tariffs

The Alpine farmers who make one of Switzerland's most famous cheeses are seeking to fill the hole in

This wave of Trump tariffs is likely here to stay; more are coming

U.S.

What a $15 pint of ice cream says about the economy

What a $15 pint of ice cream says about the economy

Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years

Living through the biggest jump in grocery prices in a half-century has many Americans changing their eating and food shopping habits

The 'rockets and feathers' effect: Inflation eases but grocery bills do not

Economics has a term for what U.S. grocery prices have done in recent years

Kuwait's KPC signs $16 billion lease and leaseback deal for oil pipeline network

Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a

Samsung Elec, SK Group seal $950 billion deals as South Korea hosts AI powers

By Max A.

Samsung Elec wins $200 billion Broadcom AI chip partnership, boosting foundry push

Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip making and

Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership

Nvidia and South Korea's SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia

US says it will lift ban on imports of Mexican cattle

The U.S.

Trump administration admits grants for clean energy were canceled based on politics

The Trump administration has again acknowledged in court documents that it terminated $7.6 billion in grants for hundreds of clean energy projects “based solely on the political identity of the grant recipient’s state,” in this case, 16 states that voted for Democrat Kamala Harris in the 2024 presidential election

Paramount agrees to pause Warner Bros deal while case plays out

Paramount Skydance on Friday agreed to pause its acquisition of Warner Bros.

Trump says he won't proceed with nuclear deal unless Saudis join Abraham Accords

President Donald Trump on Friday said he would not go forward with a civil nuclear deal with Saudi Arabia unless the Saudis agreed

US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference

Major U.S. airlines will need to retrofit planes by the end of 2030 to address potential wireless interference after a new auction of wireless

Its AI agent spent days hacking a company, but sources say OpenAI did not notice for a week

The OpenAI agent that broke into tech firm Hugging Face went on a dayslong hacking spree that OpenAI

Appeals court rejects Trump bid to halt $100,000 H-1B visa fee ruling

A federal appeals court on Friday rejected a bid by U.S.

Paramount delays closing Warner buyout while judge considers states' challenge

Skydance-owned Paramount has agreed to delay closing its $81 billion buyout of Warner Bros

The Latest: Trump says US will investigate EU trade practices for ‘unethical’ fines on Google

President Donald Trump says the U.S. will open a formal investigation into the European Union’s trade practices

Paramount agrees to delay Warner Bros. Discovery takeover for months

Paramount agrees to delay Warner Bros. Discovery takeover for months

Qualcomm tells customers of double-digit price increases, Bloomberg News reports

Smartphone chipmaker Qualcomm told customers it would raise prices by a percentage in the double digits due to rising costs, Bloomberg News reported on Friday, citing a letter sent

Trump says US to launch EU probe over 'illegal' Google fine

U.S.

Brazil eases spending curb despite revenue shortfall from dividend tax

The Brazilian government on Friday reduced by 5.7 billion reais ($1.12 billion) a spending curb needed to comply with its fiscal framework due to lower

Barclays sees upside risks to 2026 Brent price view given Strait of Hormuz impasse

Barclays said on Friday that risks to its oil price forecasts are skewed higher depending on how long the "impasse" over the Strait of Hormuz lasts.

Waymo explores ending Uber partnership, Financial Times reports

Alphabet's robotaxi firm Waymo is considering ending its partnership with Uber due to a souring relationship between the companies, the Financial Times reported on Friday, citing

Brazil says 16.5% of exports face combined US duties of 37.5%

Brazil estimates that newly announced U.S. tariffs will affect 23.1% of its exports, according to a government statement released on Friday.

Trump says he trusts Russia and China's leaders not to enable Iran

U.S.

Private credit roundup: Insurers step up as liquidity pressures build

Insurers and large institutions are preparing to put more money into private credit markets, a survey showed, even as wealthy investors turn cautious about the illiquidity and

Canada marks Gordie Howe bridge opening without US after trade war deepens

Canada marked the opening of a bridge connecting Windsor, Ontario, and Detroit, Michigan, on Friday in a quiet celebration without U.S. officials after a

Stocks mixed as oil prices pause climb but yields hover near highs

U.S. and European stock markets found only scattered relief from this week's lows as oil prices pulled back on Friday, but

Nasdaq lags on angst over AI spending ahead of earnings reports

The tech-heavy Nasdaq fell on Friday as investors sold chip stocks on worries about massive spending on artificial intelligence ahead of the next

US small businesses file lawsuit challenging Trump's new 'forced labor' tariffs

Two U.S. small businesses on Friday challenged President Donald Trump's latest round of tariffs on goods from 60 trading partners, saying that the new

Canada celebrates new bridge to US during tariff troubles with Trump

Canadian officials are celebrating a new U.S.-Canada bridge over the Detroit River

Trump says the US will investigate EU trade practices, claiming the bloc unfairly fined tech giants

President Donald Trump says the United States will open a formal investigation into the European Union’s trade practices

Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say

Investment firms Blackstone and Donerail are among the final bidders to acquire MarineMax, two people familiar with the matter said on Friday, as

ECB facing mid-sized inflation shock, will get to 2% in year or so, Lane says

The European Central Bank still considers the current inflation shock to be medium-sized, which requires some policy action but not aggressive moves, and it will get

Oil falls on report China pushing for end US-Iran war

Crude oil futures prices were more than 4% lower on Friday after sources said that China had initiated a push to resume stalled peace talks between the United States and

Anthropic rolls out Opus 5 AI model in efficiency upgrade

Anthropic on Friday launched Opus 5, its latest AI model that the startup says nears the capabilities of its more powerful cousin Fable 5 at half the price.

Meta adds new task automation features to AI assistant

Meta is rolling out new features for its Meta AI service in select markets, allowing the chatbot to complete certain tasks autonomously, the company said on Friday.

Aerospace fights for young recruits as AI drains talent pool

For Hassan Butt, a 17-year-old British student volunteering at the Farnborough airshow this week, there was nothing

US hits network of Iranian financier Zanjani with more sanctions

The United States on Friday imposed sanctions against nine firms and four people in the business network of sanctioned Iranian financier Babak Zanjani

White House wants veterans to replace immigrant truckers who lost their licenses in crackdown

The Trump administration wants soldiers to consider becoming truck drivers when they leave the military

New US tariffs linked to claims of foreign forced labor dismay and anger trading partners

U.S. President Donald Trump’s latest set of tariffs has provoked heated objections from America’s trading partners

Black members of Oklahoma Native American tribe file federal lawsuit to gain citizenship rights

Two descendants of Black people once enslaved by a Native American tribe are asking a federal court in Oklahoma to force tribal leaders to issue them citizenship cards as ordered a year ago by a tribal court

Liberia seizes $317 million of cocaine bound for Europe, police chief says

Liberian authorities have seized around $317 million worth of cocaine that was bound for Europe, a senior police official said, in

Residents enter shattered south Lebanon town after Israeli withdrawal

Residents began entering the southern Lebanese town of Zawtar al-Gharbiyeh on Friday, some inspecting damaged homes

US business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says 

Activity in the vast U.S. services sector accelerated in July, aided in part by spending around the FIFA World Cup and the Independence Day holiday, while the pace of

White House says Trump, Zelenskiy to meet in Washington next week

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy are scheduled to meet in Washington on Tuesday, a White House official said on Friday.

US new home sales pick up in June, but affordability challenges remain

Sales of new U.S. single-family homes snapped a two-month skid in June, but higher mortgage rates and affordability challenges restrained the rebound and continue to

Investors fret that spiking oil prices and rising yields could threaten stock rally

Deepening conflict in the Middle East has sent oil prices surging and Treasury yields climbing to levels that have equity

Yen records biggest weekly drop in over two months, dollar climbs for the week

The dollar was set for its biggest weekly gain since mid-June, buoyed by the rise in oil prices, while the yen was poised for its largest weekly percentage

Commerzbank chairman says bank is ready for takeover talks with UniCredit

Commerzbank Chairman Jens Weidmann on Friday invited UniCredit to open talks on the terms of a merger, as the German lender abandoned its

Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say

Pakistan is exploring a path towards a resumption of stalled U.S.-Iran talks over ending their

JPMorgan warns 'super' El Niño and oil shock could prop up global inflation

A rapidly intensifying El Niño weather pattern combined with higher energy prices could add 0.3 percentage points to global inflation next year, hitting

US investment-grade bond funds see $7 billion record weekly outflows

U.S. investment-grade bond funds and exchange-traded funds saw massive outflows in the week ended July 22, as an oil-driven inflation scare pushed Treasury yields higher and

‘It’s like firing your best worker for no apparent reason’: Why this New York family is dreading a looming deadline

‘It’s like firing your best worker for no apparent reason’: Why this New York family is dreading a looming deadline

Wisconsin voters sue to allow for vote to count if absentee ballot is late

A new lawsuit argues that voters in swing state Wisconsin whose absentee ballots haven't arrived by Election Day should be allowed to cast provisional ballots at the polls to ensure their vote is counted

Chinese and Philippines vessels clash in South China Sea

Chinese ships fired water cannons at Philippine vessels, including one carrying a CNN crew, near a dangerous flashpoint in the South China Sea on Friday – the third tense confrontation this week in the contested waters.

A crude summer

It's all about central banks this week and rising energy prices will likely keep rate-setters as distant as Tokyo, Washington and London on their toes even if they welcome

AstraZeneca 'magic' faces rare test after trial failure, share slide

AstraZeneca's long-time CEO Pascal Soriot has rarely put a foot wrong.

US stocks face tests from Fed decision, tech-led earnings deluge

A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and

Beleagured Turkish opposition attempts to regroup with new party

Turkish opposition leader Ozgur Ozel and 90 other breakaway lawmakers launched a new political party on Friday, seeking to regroup to challenge President Tayyip Erdogan

Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says

South Korean chipmakers Samsung Electronics and SK Hynix will announce large supply deals with U.S. technology companies during President Lee Jae Myung's visit to San

China's CATL tops quarterly profit forecasts on robust energy storage business

Chinese battery giant CATL reported stronger-than-expected second-quarter profit, driven by robust growth in its energy storage business that helped offset softer demand

US agency rejects petition seeking Tesla door-release defect probe

The U.S.

US equity funds log outflows for a second straight week as tech earnings eyed

U.S. equity funds recorded outflows for a second consecutive week as caution ahead of earnings reports from major technology companies and a renewed rise in oil prices weighed on

Verizon lifts annual forecasts, signs $1 billion fiber deal with Google

Verizon raised its annual adjusted profit forecast and said it had secured a more than $1 billion deal with Google to provide dark fiber connectivity for

Meta launches new app 'Seller' to provide sales tools for merchants

Meta on Friday launched a new app called "Seller" to offer dedicated selling tools to merchants using the company's Facebook Marketplace platform for buying and selling items.

Bank of England to hold steady this year but Iran war inflation risks persist: Reuters poll

The Bank of England will not shift its key interest rate from 3.75% on Thursday according to all 70 economists in a July 21-24 Reuters poll, and likely

WFP warns of deeper cuts in Gaza aid due to donor fatigue

The U.N.

Russian entrepreneurs see stock go up in flames as Ukraine targets Wildberries

Russian fashion designer Viktoria Terekhova shipped virtually her entire summer collection of children's clothes last week to the giant warehouse of online retailer

AmEx's steady profit outlook clouds revenue forecast boost; shares fall

American Express raised its 2026 revenue forecast on Friday as its affluent customers continued to spend on travel, entertainment and dining, but

Trump imposes new global tariffs, drawing protests from trading partners

The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, alleging those countries

Verizon signs deal with Google worth over $1 billion

Verizon CEO Dan Schulman said on Friday the company has secured a deal with Google, valued at more than $1 billion, to provide dark fiber connectivity for the search engine giant's

Bank of America hikes common stock dividend by 14%

Bank of America said on Friday it has increased its quarterly common stock dividend by 4 cents or 14%, to 32 cents a share, with its CEO Brian Moynihan citing the

Flash flood emergency issued in West Virginia

Torrential rain triggered dangerous flash flooding across parts of West Virginia as severe storms sweep through the Eastern US.

Wall St opens subdued after tech rout; Mideast, tariffs in focus

Wall Street's main indexes opened subdued on Friday after a tech-led selloff in the previous session, as investors digested fresh earnings, escalating Middle East tensions and a

Russian central bank cuts key rate by 25 bps to 14% as Ukrainian drones hit economy

The Russian central bank cut its benchmark interest rate to 14% on Friday from 14.25% despite a spike in inflation linked to

Is withholding federal counterterrorism funds from states – as FEMA has threatened – legal?

Legal scholars argue that when executive branch agencies impose conditions on federal funds, courts should give these cases special scrutiny.

American Express Q2 profit rises driven by higher spending and fewer delinquencies

American Express on Friday reported an 8% rise in second-quarter profits compared to last year

Colorado prepares for screwworms, as the pest that was eradicated in 1966 returns to the US

After screwworm cases were reported in Texas and New Mexico, Colorado is taking preventive measures against the pest.

HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal

HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), as it trims

In India, Iran war forces Diet Coke to roll out a bigger can, heftier price tag

First, the U.S.-Israeli war on Iran sparked a Diet Coke shortage in India by squeezing supplies of aluminum cans, triggering an unusual wave of "Diet

Reaction to US imposing new tariffs on 60 trading partners

The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union and China, over allegations of lax

European Commission gives guarded welcome to new Trump tariffs

The European Commission gave a guarded welcome to new tariffs imposed by the United States on Friday, saying that the outcome was in line with a trade deal the two sides

German consumer sentiment dips slightly into August, survey finds

German consumer sentiment is set to dip slightly going into August as households remain cautious about spending amid more pessimistic income expectations, a survey found on

Bank of France head: Trump's tariffs add more uncertainty for world economy

Tariffs imposed on trading partners from the administration of U.S.

Switzerland disputes US forced labour claims as new tariffs take effect

Switzerland takes note of the announced additional U.S. tariffs but rejects allegations underlying the forced labour investigation, the government said on Friday.

India's private sector growth slumped to over four-year low in July, PMI shows

India's private sector growth skidded to its weakest in over four years in July as a sharp slowdown in services constrained overall expansion even though rising export

US weapons makers confront Europe's drive for local control

As U.S. defence companies descended on Britain's Farnborough Airshow this week hoping to tap Europe's military spending boom, they encountered

EU's Kallas questions US rationale for tariffs on bloc, seeks clarification

European Union foreign policy chief Kaja Kallas questioned Washington's rationale for imposing new tariffs on European goods, saying on Friday that

Top apparel exporter Vietnam faces higher US tariffs than peers 

Vietnam faces higher U.S. tariffs than peers and risks a further erosion of competitiveness in the clothing sector, as the largest exporter of apparel to the U.S. is

Oil batters bonds as AI burns cash

A look at the day ahead in European and global markets from Stella Qiu We are back to war watching, as if the June ceasefire never happened.

Euro zone firms struggle to raise consumer prices after Iran shock, ECB poll shows

Euro zone companies are struggling to raise prices for consumers already struggling with a rise in fuel costs, with fierce competition from China compounding tough

ECB survey shows broadly unchanged inflation outlook

Euro zone inflation expectations remained broadly unchanged over the past three months and price growth is seen falling quickly next year before returning back to the 2%

Euro zone consumers cut inflation expectations in June

Euro zone consumers cut their inflation expectations last month, likely encouraged by a truce in the Middle East that had brought down energy prices but proved short

Temasek eyes defence deals as Europe boosts military spending, executive says

Singaporean state investor Temasek is looking to increase its investments in defence as the war in Ukraine prompts European

Wise tumbles after US declines national trust bank application

London-listed shares of Wise fell 10% on Friday after the money transfer group said its application to create a national trust bank in the United States was denied by regulators,

French private sector contraction eased in July, flash PMIs show

France's private sector contraction eased in July, with services output slowing only marginally, although inflation, borrowing costs and geopolitics all remained concerns as

German business activity returns to growth after four months, PMI shows

Germany's private sector has returned to growth in July for the first time in four months, driven by a marked upturn in manufacturing output, a survey

China's PBOC to conduct overnight reverse repos, inject a total of 2.1 trillion yuan

China's central bank said on Friday it would conduct overnight reverse repo operations via the open market from July 29 to 31 and on August 3 to better meet short-term

ECB policymakers warn about growing inflation risks

Inflation risks are high and the European Central Bank may need to raise interest rates again in response to the Iran crisis, three policymakers said on Friday, but all

Euro zone business activity returns to growth in July for first time in four months, PMI shows

Euro zone business activity returned to growth in July for the first time in four months, driven by a rebound in new orders, but may be derailed by high

European shares gain as SAP lifts tech stocks; Middle East on watch

European shares rose on Friday after registering their steepest one-day loss in two weeks in the previous session, as investors drew comfort

As AI grows more powerful, a US-China feud threatens safety efforts

U.S. threats to sanction Chinese AI developers over alleged intellectual property theft and export-control violations risk unravelling efforts to establish

UK firms plan smaller price rises and wage hikes, BoE survey shows

British businesses expect to increase prices and wages by a bit less in the year ahead after a ceasefire in the Iran war briefly pushed down energy prices, according to a

UK businesses and consumers more positive, but boost may not last

British firms reported the first rise in activity in three months in July, helped by a brief respite in the Iran war, while consumers grew in confidence

UK retail sales get surprise boost from hot weather and World Cup

British retail sales rose unexpectedly in June as shoppers increased their spending on air conditioning and clothing, official data showed on Friday,

Spanish hotel chain Melia completes exit from Cuba

Spanish hotel group Melia said it has ceased all operations of its 34 hotels in Cuba on Friday amid the hardening of U.S. sanctions and the island’s

China's CiDi eyes overseas sales of autonomous mining machines this year

CiDi, the Hong Kong-listed Chinese autonomous mining equipment maker, expects overseas deployments to grow this

Argentina President Milei flies to Brazil to kick-start Bolsonaro presidential bid

Argentine President Javier Milei flies to Brazil on Friday to throw his weight behind Senator Flavio Bolsonaro's presidential run

Taiwan central bank says it has good communications with US Treasury after currency report

Taiwan's central bank on Friday emphasised its good relations with the U.S.

World Cup boom, Middle East gloom could split earnings for US travel firms

By Anshuman Tripathy and Megavarshini G.

Fuel swings turn US airline earnings forecasts into moving targets

A rapid rise in jet fuel prices is forcing U.S. airlines to rewrite earnings expectations, exposing how quickly higher fuel costs can outpace revenue

More Colorado homeowners are replacing thirsty lawns with drought-friendly landscapes

More Colorado homeowners are replacing thirsty lawns with drought-friendly landscapes

'Lapdog media': Indian reporters caught in youth protest anger

When Indian television reporter Dev Kotak went to cover a massive youth protest against Prime Minister Narendra Modi's government

Faith leaders and community members sue Colorado town of Hudson in effort to block planned ICE detention center

Faith leaders and community members sue Colorado town of Hudson in effort to block planned ICE detention center

Wildberries, 'Russia's Amazon,' says Ukrainian drones struck three more of its warehouses

Russian e-commerce giant Wildberries, Moscow's answer to Amazon, said on Friday three more of its warehouses had been attacked by Ukraine overnight, part

China’s memory chip makers ride AI boom to new power — and U.S. scrutiny

For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been

Trump pledge on data center power supplies draws skepticism

President Donald Trump announced a non-binding pledge by U.S. power producers and data centers on Thursday to fund

Intel rises as strong forecasts signal AI boost for turnaround

Intel's shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling the chipmaker's long-awaited turnaround.

Running on empty

From the Editor Hello Morning Bid readers! Cash burn and spiking crude prices dominated market headlines this week.

Global equity funds attract ninth weekly inflow amid upbeat earnings expectations

Global equity funds attracted inflows for a ninth straight week through July 22 as investors remained optimistic about a robust earnings season despite an escalation in Middle East

Defense tech company Anduril in talks to raise funding at about $100 billion valuation

Defense tech firm Anduril is in discussions with investors for a new funding round that could see it valued at roughly $100 billion, rivaling

Fed Chairman Warsh faces cruel summer as bond yields spike

Federal Reserve Chairman Kevin Warsh wanted a central bank that talked less and let the data speak. Now, markets are speaking for him - loudly.

Volkswagen makes case for deep cuts as Chinese competitors close in on Europe

Volkswagen must deepen cost cuts to remain competitive against Chinese brands increasingly taking aim at the German auto group's home market, CEO Oliver

Germany's Merz picks first woman chief of staff in shake-up before state elections

German Chancellor Friedrich Merz named Health Minister Nina Warken as his new chief of staff on Friday, as part of a reshuffle intended

Indian government seeks time on youth protesters' minister resignation demand

Leaders of India's youth-led "cockroach" movement said on Friday that the government has sought time

Airline passengers hate middle seats. But that’s not why United is getting rid of some of them

Airline passengers hate middle seats. But that’s not why United is getting rid of some of them

Volkswagen profits drop 10% as embattled automaker considers massive job cuts

Volkswagen profits drop 10% as embattled automaker considers massive job cuts

Why Venezuela can’t access $4 billion in gold that could help with earthquake recovery

Why Venezuela can’t access $4 billion in gold that could help with earthquake recovery

German leader Merz reshuffles top posts as he tries to counter far-right advance

German Chancellor Friedrich Merz has reshuffled top posts as he tries to boost his unpopular government

Chinese ship shoots water cannon at Philippine vessel with CNN crew on board near flashpoint shoal

Chinese ship shoots water cannon at Philippine vessel with CNN crew on board near flashpoint shoal

Tech titan’s ex-wife fails to win greater share of AI boom in decade-long ‘divorce of the century’

Tech titan’s ex-wife fails to win greater share of AI boom in decade-long ‘divorce of the century’

Trump imposes new tariffs targeting dozens of countries

Trump imposes new tariffs targeting dozens of countries

Add a month at sea and $2.5 million - what it costs oil tankers to flee Hormuz and Bab el-Mandeb

With two of its key oil export routes - the Hormuz and Bab el- Mandeb straits - disrupted by Iran and Iran-allied Houthi militants,

Japan's Nikkei falls more than 2% on AI spending worries

Japan's Nikkei share average fell more than 2% on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.

Japan June core CPI rises 1.6% yr/yr

Japan's core consumer prices rose 1.6% in June from a year earlier, government data showed on Friday.

BOJ likely to keep inflation warning but expect no big build-up in risks, sources say

The Bank of Japan will likely maintain its warning over the risk of inflation overshooting its 2% target next week, but signal that those risks have not

US military says it completed 13th consecutive night of strikes on Iran

The U.S. military said late on Thursday it completed its latest round of strikes on Iran that marked a 13th consecutive night of American attacks.

Brazil report cites icing, pilot actions, safety culture in deadly Voepass crash

Brazilian air accident investigators said on Thursday that a buildup of ice, failures in the aircraft's de-icing system,

Australia's ASX finance chief Andrew Tobin to retire months after new CEO named

Australian stock exchange operator ASX Ltd said on Friday that CFO Andrew Tobin intends to retire.

Around 2,000 Brazilian products exempt from both recent U.S. tariffs, minister says

About 2,000 products exported by Brazil to the United States will be exempt from the new tariffs announced by the Donald Trump administration in recent days, including

US military launches new strikes on Iran as clashes escalate over shipping routes

The U.S. military has announced it conducted a 13th night of strikes against Iran as clashes escalate over shipping routes

What is China’s Kimi K3 and why is the US so rattled by it?

What is China’s Kimi K3 and why is the US so rattled by it?

Famine has ended in Gaza. But the gains are fragile and it could get worse

The world’s leading authority on food insecurity said on Thursday that the situation in Gaza had improved since famine swept parts of the Palestinian territory last year

Trump administration faces record turnover in second term

Trump administration faces record turnover in second term

US, Mexico set more USMCA talks for September amid differences over autos content

U.S. and Mexican officials said on Thursday they will meet for a fourth round of negotiations to revamp the North American trade pact

Singapore's GIC to invest an additional $30 billion in hedge funds

Singapore sovereign wealth fund GIC plans to deploy an additional $30 billion into hedge funds and is spreading its bets

Japan government highlights mounting inflationary pressure

Japanese companies are passing on rising costs from the Middle East conflict at a faster pace than in 2022, when the war in Ukraine pushed up fuel costs, the government said

Japan June core inflation accelerates, stays below BOJ target

Japan's core inflation perked up in June but remained below the central bank's 2% target for a fifth straight month, suggesting that firms have yet to

Japan's factory activity stays firm as output surges in July, PMI shows

Japan's manufacturing activity remained broadly firm in July with output rising at its fastest rate since February 2014, while uncertainty about the Middle East situation

Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday

President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court

Trump administration urges Congress to pass permanent daylight saving time

The Trump administration is urging Congress to make daylight saving time permanent, deprioritize bicycle lanes and mass transit, cut funding for electric

Trading Day: Burn, baby, burn

European and U.S. stocks slumped while bond yields shot higher on Thursday, with global markets rocked by oil's surge above $100 a barrel and

Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push

The Pentagon announced on Thursday a nearly $7 billion, up-to-10-year agreement with Oracle to consolidate the department's on-premises software licenses into a single

SAP CFO says AI must move beyond chatbot 'low-hanging fruit' before seeing returns

SAP's finance chief said on Thursday that artificial intelligence in enterprise software must move beyond chatbots and coding tools into more complex business

Nvidia, Amkor strike $1.5 billion chip packaging deal

Amkor Technology said on Thursday it had entered a multi-year agreement with Nvidia worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as

Paramount-Warner Bros deal paused through August 17, judge rules

Paramount Skydance must pause its $110 billion acquisition of Warner Bros. Discovery through August 17, a federal judge ruled on Thursday.

ECB considering several options to mitigate losses, sources say

The European Central Bank is considering several options to mitigate its financial losses, in a tense debate that is expected to

Trump to impose 'forced labor' duties on Friday as temporary 10% US tariffs expire

The Trump administration on Friday will impose new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union, over allegations of lax

US warns against excessive yen volatility, calls for BOJ rate hikes

The U.S.

Brazil says US tariffs related to forced labor are 'arbitrary' and 'unjustified'

The Brazilian government on Thursday rejected the tariffs imposed by the United States on the South American nation and another 59 trading partners related to

Mexico to see no change from new US tariffs, economy minister says

Mexico's Economy Minister Marcelo Ebrard said on Thursday that the country will "see no change in the effective tariff that Mexico pays," after the U.S. government

Canada to consider retaliating against latest Trump tariffs, Carney says

Canada will do whatever it takes to defend itself in a trade war with the United States, including possible retaliatory measures, Prime

Prime Minister Carney says Canada is ready to respond if Trump's new tariffs go into effect

Canadian Prime Minister Mark Carney says Canada will continue to negotiate a new trade deal with the U.S., but the country is willing to respond should new threatened tariffs come into effect

Mexican economy falters in May as construction dips

Mexico's economy contracted in May from April, official data showed on Thursday, fueling caution about the country's situation as the primary and secondary sectors

Harley-Davidson posts lower quarterly results as raw material costs rise

Harley-Davidson reported lower second-quarter profit and revenue but raised its annual forecast on Thursday, as the legacy motorbike maker leaned on its wider turnaround plan to

Short sellers notch $15.5 billion profit as SpaceX shares slide 

Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial

Ameriprise Financial quarterly profit rises on higher fee income

Asset and wealth manager Ameriprise Financial reported a rise in its second-quarter profit on Thursday, driven by a market rally that boosted the value of its fee-generating assets

ECB leaves rates on hold, but keeps door open to further rate hikes

The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed

Wall St opens lower as Big Tech earnings rekindle AI spending worries; oil jumps

Wall Street's main indexes opened lower on Thursday, as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while another jump in oil prices

Sweden declares mining national security interest to counter dependence on China

Sweden's government declared mining of critical metals and rare earth minerals a national security interest on Thursday, saying a new mining strategy was needed to

What went wrong: How an OpenAI model went rogue

What went wrong: How an OpenAI model went rogue

Germany's Merz could announce cabinet reshuffle on Friday, sources say

German Chancellor Friedrich Merz could announce a cabinet reshuffle on Friday, triggered by the abrupt exit ​of party heavyweight Jens Spahn in a row over a surrogacy baby,

Blackstone is addressing community concerns around AI, CEO says

Blackstone is working to address the societal and environmental implications of artificial intelligence development, CEO Stephen

Lockheed Martin, RTX lift 2026 forecasts as Pentagon looks to restock weapons

The world's two biggest defense contractors, Lockheed Martin and RTX, said on Thursday they expect strong profits going forward because

US weekly jobless claims plunge to lowest since 1969

The number of Americans seeking unemployment benefits for the first time unexpectedly fell last week to the lowest since the 1960s, indicating the U.S. job market

Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100

U.S.

ECB will discuss raising banks' minimum reserves, Lagarde says

The European Central Bank will discuss raising banks' minimum reserve requirements, ECB President Christine Lagarde said on Thursday, opening the door to a move that

Former Barclays boss denies friendship with Epstein, US Democrats skeptical

Former Barclays Chief Executive Jes Staley said on Thursday in a closed-door U.S. congressional hearing that he had no

Spanish parliament rejects government's 2027 spending plan

Spain's lower house rejected the government's proposed 2027 spending framework on Thursday, dealing a fresh blow to its efforts to approve a state budget before the end of

Kalshi hits the back of the net with $27 billion FIFA World Cup windfall

Prediction market startup Kalshi scored well during the 2026 FIFA World Cup, netting roughly double its projected user traffic and trading volume as fans scrambled

Oil executives rush to complete contract migration in Venezuela, sources say

Venezuela's oil ministry has told partners of state energy company PDVSA that it will maintain the July 28 deadline it had set to

US states sue Trump administration for conditioning disaster funds on election changes

A coalition of mostly Democratic-led states asked a federal judge on Thursday to block the Department of Homeland Security from withholding certain disaster-related

Swiss chocolate maker Lindt misleads consumers about child labor, US lawsuit claims

Lindt has been sued in a U.S. court over its alleged use of child labor in Ghana and Ivory Coast, even as the Swiss chocolate maker touts its commitment to

More than 24 states sue Trump administration after it put conditions on receiving disaster funding

More than two dozen states have sued the Trump administration after it required them to comply with election and immigration conditions to get billions of dollars in federal funding for disasters

US Treasury finds no trading partner manipulated currency for trade advantage in 2025

No major U.S. trading partner manipulated its currency to gain an unfair trade advantage in 2025, the U.S.

Blackstone private credit fund withdrawal requests slowing, president says

Investor requests to withdraw from Blackstone's flagship private credit fund have fallen at the beginning of the third quarter after a period of higher demand to redeem,

Airline group IATA taps World Economic Forum's Zahidi as new chief

The International Air Transport Association (IATA) has tapped World Economic Forum managing director Saadia Zahidi as its new director general after current boss Willie

Intel forecast crushes estimates as AI boom boosts chip demand; shares jump

Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 5.2% in after-hours trade and helping prompt the

Newmont tops profit estimates on higher gold prices, sees steady output

Newmont, the world's biggest gold miner, beat second-quarter profit estimates on Thursday after a rally in bullion prices outweighed the impact

GE HealthCare says CFO Saccaro to step down; reports preliminary Q2 results

GE HealthCare's Chief Financial Officer Jay Saccaro will step down from his role to pursue an opportunity outside the medical technology industry, the company said on Thursday, and

Boeing pips Airbus in low-key Farnborough jet order race

Boeing edged Airbus in a subdued series of order announcements at the Farnborough Airshow this week, as the global

Aerolineas Argentinas plans biggest fleet renewal in a decade with 20 new aircraft

Aerolineas Argentinas said on Thursday it will add 20 new aircraft to its fleet, marking the state airline's largest revamp in a decade as it seeks to renew a quarter of its total

Venezuela quakes caused $19.6 billion in damage, World Bank report shows

Two earthquakes that rocked Venezuela on June 24 caused $19.6 billion in direct physical damage, but the cost of rebuilding could be twice that much or

Iran flew IRGC commanders, missile gear to Yemen's Houthis, sources say

Iran flew Islamic Revolutionary Guard Corps (IRGC) commanders, military advisers and missile- and drone-related equipment into Yemen this month,

US energy shares gain as Houthi tanker attacks push Brent crude to $100

U.S. energy shares rose on Thursday as Brent crude touched $100 a barrel, extending a five-day rally after attacks on two Saudi oil tankers heightened concerns over global oil

Trump expands a voluntary pledge to protect consumers from high utility bills from AI data centers

President Donald Trump is having governors and electricity companies join a pledge aimed at shielding U.S. consumers from higher utility bills because data centers

Ford to partner with Chinese automaker Geely in Spain in new joint venture

Ford and Chinese automotive company Geely Auto announced plans on Thursday to jointly manufacture low- and zero-emission vehicles at Ford’s Valencia, Spain factory

Democrats urge IRS watchdog to find out why a top lawyer who clashed with White House left his job

Senate Democrats want a watchdog at the Internal Revenue Service to investigate the recent departure of a high-ranking IRS attorney who clashed with President Donald Trump's White House after the attorney raised concerns about influence over taxpayer audits

Democrats say Social Security boss' message pushed misleading statements on Trump tax law's benefits

Congressional Democrats are squaring off with President Donald Trump's administration over one of the most potent political issues in the country ahead of this year’s midterm elections: Social Security

Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface

Consumers already feeling pinched since the Iran war started may feel more pain after oil prices pushed past $100 a barrel

Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad

Union Pacific struck a deal with Canadian National to secure that rival’s support for its proposed $85 billion acquisition of Norfolk Southern railroad

India's Cockroach movement holds a capital sit-in as police crack down on protests

Young protesters in India are camping on the streets of New Delhi

Woman anonymously hides cash envelopes to spark kindness

Woman anonymously hides cash envelopes to spark kindness

US aims for interim trade deals with Canada, Mexico by year-end

U.S.

US Treasury bill issuance grows, heightens long-term risk

The U.S.

Dow forecasts quarterly core profit slightly above estimates, warns of Middle East uncertainty

Dow Inc forecast third-quarter core profit slightly above Wall Street expectations, while warning that the quarter ahead remains difficult to predict as the U.S.-

More Amazon and gig workers are turning to SNAP and Medicaid to make ends meet, study finds

More Amazon and gig workers are turning to SNAP and Medicaid to make ends meet, study finds

Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets

‘Up in smoke’: Attacks on ‘Russia’s Amazon’ bring Putin’s war closer to home

‘Up in smoke’: Attacks on ‘Russia’s Amazon’ bring Putin’s war closer to home

Mexico inflation undershoots forecasts; core rate returns to target range

Mexico's annual inflation rate decelerated for an eighth consecutive fortnight in early July, official data showed on Thursday, slowing more

US says Saudi nuclear deal off without Israel recognition

U.S.

US Justice Department streamlines merger review process

The U.S.

Lazard revamps advisory business, posts 91% drop in quarterly profit

(In first paragraph, corrects to show that the positions were not cut but staff was replaced and corrects time period to 2023 to 2025.

Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports

Anthropic is considering requiring rank-and-file employees to sell stock through preset trading plans after it goes public to avoid

Dollar hits new 40-year high versus yen, euro softer after ECB stands pat on rates

The dollar strengthened to a fresh 40-year high against the yen and climbed against the euro on Thursday as oil prices continued to shoot higher on

Oil settles over $100 as Houthi attacks intensify Middle East supply risks

Oil prices settled above $100 on Thursday for the first time since May after Yemen's Houthis said they attacked two Saudi oil tankers in the Red Sea,

Concerns of Palestinian economic crisis grow as Israeli banks prepare to cut ties

Two Israeli banks will halt working with their Palestinian counterparts in the coming months citing risks of associating with

White House monitors OpenAI's 'rogue' AI incident, lawmakers propose 'kill switch'

U.S.

South Africa central bank surprises with rate hold, says policy tight enough

South Africa's central bank surprised investors and economists by keeping its main lending rate unchanged on Thursday, saying its

US pledges over $200 million in aid to Red Cross agencies

The United States will give over $200 million in aid to the International Committee of the Red Cross and the International Federation of Red Cross and Red Crescent

Wall St falls as tech earnings spark AI spending worries and oil hits $100

Wall Street indexes closed lower on Thursday with Nasdaq sinking more than 2% as the latest earnings updates from large technology companies

Stocks sink on Big Tech cash burn; oil hits $100 for first time since May

Oil prices spiked to $100 a barrel on Thursday for the first time since May, while major tech giants knocked U.S. stocks lower and Europe's

Vermont manufacturers react to President Trump announcing new tariffs on Canadian goods

Vermont manufacturers react to President Trump announcing new tariffs on Canadian goods

Dog's drowning at daycare sparks protest

Dog's drowning at daycare sparks protest

The world’s most important market is flashing red about the Iran war

The world’s most important market is flashing red about the Iran war

Man seen in viral ICE arrest video speaks publicly for first time after release

Man seen in viral ICE arrest video speaks publicly for first time after release

Spanish minister enters race to lead UN labour agency, amid US funding concerns

Spain has nominated Labour Minister Yolanda Diaz to head the United Nations labour agency, potentially making her the first woman to

Tesla's once-bullish tone on robotaxis shifts

A year ago, Tesla CEO Elon Musk said the company's robotaxi network would expand at a "hyper-exponential rate" and be available to

Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost

Comcast's Peacock streaming service reported its first quarterly profit on Thursday, as the soccer World Cup and the hit reality show "Love Island USA"

A Super Bowl in Charlotte? David Tepper's $1.3B stadium renovation project could help pave the way

Carolina Panthers owner David Tepper is investing an additional $500 million into stadium renovations with the hopes of bringing more major events to Charlotte including the Super Bowl, the NFL draft and the 2031 Women’s World Cup

The number of Americans filing for unemployment is the lowest since 1969

The number of Americans filing for unemployment is the lowest since 1969

With bombing campaign unlikely to change Iran’s posture according to US intel, Trump faces limited options

With bombing campaign unlikely to change Iran’s posture according to US intel, Trump faces limited options

Magnificent cash burn

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets There was a familiar playbook in response to Alphabet's earnings

How the hunt for value sparked a U.S. private-label revolution

Bill Peterson used to go to Whole Foods or Kroger for fruits, vegetables and milk.

T-Mobile expects temporary hit from new pricier plans

T-Mobile said on Thursday it expects third-quarter postpaid account additions to decline sequentially as the telecom operator upgrades its rate plans,

US is ready to help end the 'senseless war' in Ukraine but no quick deal ahead, Rubio says

U.S. Secretary of State Marco Rubio says the Trump administration is ready to help end the war in Ukraine but acknowledges there's no quick path to a deal

New Trump administration rules on federal science funding could make American research slower, costlier and harder to share

Beyond deprioritizing scientific merit, the Trump administration’s proposal also restricts researchers’ ability to share their findings and collaborate with each other.

US filings for unemployment aid fall to 187,000 last week, fewest since 1969

U.S. applications for jobless benefits tumbled to the lowest level in decades last week as layoffs remain historically low despite global economic uncertainty

Europe's central bank holds rates steady amid swings in oil prices

The European Central Bank is leaving interest rates unchanged amid uncertainty about how volatile energy prices will affect inflation

Detroit wants to elevate youth voices in leadership – that means giving them real power

Building relationships and creating equitable opportunities are critical to engaging Detroit’s young people in safe and positive activities.

There’s a business case for companies to embrace sustainability – if it’s pitched the right way

Many sustainability programs may be aiming at the wrong target because most entrepreneurs won’t become environmental activists.

How working out at the gym replaced the home improvement project

How working out at the gym replaced the home improvement project

US tests GMO flies in rush to fight flesh-eating livestock pest

At a U.S.-funded facility in Panama, scientists are preparing to launch the first outdoor tests of genetically modified

Google hit with $1 billion EU fine, in 'constructive' talks to avoid more penalties

Alphabet's Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech,

Public opinion on abortion has shifted 4 years after Dobbs decision overturned Roe v. Wade

More Americans now hold absolutist positions, supporting legal access to abortion in all or most cases and opposing government regulation altogether.

Nasdaq tops profit estimates on high-profile listings, robust data revenue

Nasdaq beat Wall Street estimates for second-quarter profit on Thursday, boosted by several high-profile listings on its exchange and strong demand for its data

Mobileye founder's decision to step down as CEO, weak forecast hit shares

Amnon Shashua, CEO of Mobileye since founding it in 1999, will step down, just as the autonomous-driving technology firm makes a big push into a robotaxi service and robotics.

Alphabet's cash burn raises alarm for Big Tech as AI spending climbs

Alphabet's first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the

Short sellers notch $15.5 billion profit as SpaceX shares slip -Ortex

Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial public offering, as its

EU targets Russian banks in new sanctions package over Ukraine war

The European Union approved its 21st sanctions package against Russia over its war in Ukraine, imposing curbs on the

Honeywell Technologies raises 2026 profit forecast in first post-split earnings

Honeywell Technologies raised its full-year 2026 profit forecast on Thursday, helped by resilient demand for its industrial and building automation products,

Blackstone beats profit estimates with AI gains as assets hit $1.35 trillion

Blackstone beat analyst expectations for second-quarter income on Thursday as the world's largest alternative asset manager cashed

Musk proposes peer review for frontier AI models in Economist interview

Elon Musk urged the world's leading AI firms to conduct peer reviews of one another's most advanced models before releasing them, The Economist reported on Thursday, as concerns

Freeport-McMoRan's Q2 profit beats expectations, helped by rising copper prices

Freeport-McMoRan posted a second-quarter profit on Thursday that beat Wall Street's expectations as higher copper prices offset lower production at Indonesia's Grasberg mine, which

American Airlines cuts 2026 outlook as fuel shock overwhelms revenue gains

American Airlines lowered its 2026 earnings forecast on Thursday, warning that a renewed surge in jet fuel costs could leave it

Albertsons cuts annual forecasts amid cautious consumer spending; shares fall 15%

Albertsons cut its annual identical-sales and profit forecasts on Thursday and said it would accelerate investments in prices and its online business to better compete for cash-

Myanmar leaders' return to ASEAN meetings 'still far off', bloc's envoy says

The participation of Myanmar leaders in top meetings of the Association of Southeast Asian Nations is "still far off", the Philippines' foreign minister said on Thursday. 

ECB keeps rates unchanged but September hike firmly in play

The European Central Bank kept interest rates unchanged as expected on Thursday but held the door open to another increase in

EU hits Google with $1 billion fine over its Play app store and search

The European Union has fined Google $1 billion for breaking digital antitrust regulations

Shipowners halt calls at Ukraine's Black Sea ports, wary of Russian strikes

Shipowners halted vessel arrivals at Ukraine's Black Sea ports due to intensified Russian strikes, Kyiv said, as President Volodymyr Zelenskiy warned Moscow might escalate

Crimea brings back public street phones for emergency calls

Russian-controlled Crimea has installed public street phones for emergency calls to the police and ambulance service, providing an alternative to mobile

US investors rethink bonds' role as inflation reshapes portfolios

Some U.S. investors who once relied on bonds to cushion equity selloffs are making more room for commodities, infrastructure, private credit and other

RTX lifts 2026 forecasts on aircraft repair, defense demand

RTX raised its 2026 sales and profit forecasts on Thursday, betting on sustained demand for commercial aircraft maintenance and military systems,

Pakistan's US funding push after Iran war role draws skepticism from economists

Pakistan's push to convert some of its diplomatic goodwill with the Trump administration into economic support has drawn skepticism from economists, who

Trump's consumer finance watchdog pick pledges 'open mind' on plans to fire most of the agency's workforce

Capital One executive Brian Johnson, U.S.

UK factory orders remain in doldrums, cost pressures jump, CBI says

British manufacturing orders continued to deteriorate in July at the joint-fastest rate since September 2020, during the COVID-19 pandemic, according to a survey on

Chinese titanium firms seek aerospace foothold beyond home market

Chinese titanium suppliers used the Farnborough Airshow this week to court aerospace customers, betting tight global

Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons

Defense giant Lockheed Martin lifted its 2026 sales and profit forecasts on Thursday as the Pentagon looks to replenish weapons stockpiles amid a

French business confidence improves in July despite Middle East conflict, heatwaves

French business confidence rose to a four-month high in July despite a new flare-up in the U.S.-Israeli war on Iran and record heatwaves at home, a monthly survey showed on

Chipmaker CXMT debut spotlights China's state-funded path to tech power

Chipmaker CXMT's high-profile debut next week will mark a major milestone for China's state-led funding model, highlighting how

Rubio says US committed to helping end Ukraine war after meeting Lavrov

U.S.

Beijing seeks opinions on planned China-US tariff cuts on $30 billion in trade

China is seeking opinions from companies, business associations and local governments on proposed reciprocal tariff cut arrangements with the United States on about $30

European shares post biggest drop in two weeks on oil surge, rate-hike concerns

European shares suffered their steepest one-day drop in over two weeks on Thursday, weighed down by lacklustre earnings,

South Korea shifting to ‘peace first’ North Korea policy, retains denuclearisation goal

South Korea is abandoning a "denuclearisation first" policy in favour of a "peace first" approach towards North Korea, Unification Minister Chung Dong-young

Warsh's no-guidance approach confronts a hawkish world and hawkish Fed colleagues

Federal Reserve Chairman Kevin Warsh may hope to stay mum about the Fed's rate plans, but fresh oil and potential tariff shocks and a hawkish tilt

Shorts are back in fashion on Wall Street

Shorts are back in fashion on Wall Street

Vietnam reaffirms trade talks, urges US to conclude trade investigation

Vietnam's foreign ministry said on Thursday that it remained committed to bringing trade negotiations with the United States to a conclusion, urging Washington to wrap up

Renault's hit EV helps fend off Chinese rivals as quarterly sales rebound

Renault Group sales rebounded in the second quarter as strong demand for its Renault 5 electric vehicle helped the French automaker

Rubio reassures Asian allies they're not being abandoned as top diplomats meet

U.S.

Switzerland's Galderma lifts full-year guidance after sales jump

Swiss skincare firm Galderma on Thursday reported a 24.6% jump in sales in the first half of 2026 and nudged up its full-year guidance, even as it flagged a potentially

In Gaza's tent camps, a cigarette lighter becomes a lifeline

In the sprawling tent camps of southern Gaza, a disposable cigarette lighter has become an unlikely luxury item, as essential to

Immigrant employment in the EU reaches record high, study shows

Immigrant employment in the European Union rose to a record high in 2025, narrowing the gap with workers born in the country but leaving significant

Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches

Hyundai Motor reported a 21% fall in second-quarter operating profit on Thursday, missing analysts' estimates, as weaker vehicle sales,

Nokia Q2 profit beat as sales from AI, cloud doubled 

Nokia reported a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker got a boost

Nestle sheds water stake as it eyes faster growth

Nestle on Thursday said it expects to raise around €3 billion ($3.43 billion) from a joint venture with investment firm Platinum Equity for its water and

Ambition and caution as Macquarie turns to a safe pair of hands

While Greg Ward was building Macquarie Group's mortgage book to the fifth-biggest in Australia, he was also cutting a figure as a respectable Porsche racer,

AI will not trigger employment collapse, staffing company Adecco Group says

AI will not trigger a collapse in employment despite concerns the technology will displace large numbers of workers, a study by staffing company Adecco Group

Can markets handle more strait talk?

A look at the day ahead in European and global markets from Ankur Banerjee After five months of tracking events in the Strait of Hormuz, investors are looking across the Arabian Peninsula as Iranian-

Nestle to raise €3 billion from spin off of its water business

Nestle said on Thursday it expects to raise around €3 billion ($3.43 billion) from spinning off its water business into a 50-50 joint venture with U.S. investment firm

Asian shares are mostly higher and Mideast tensions push Brent crude past $96

Asian shares are mostly higher, while the intensifying war with Iran pushed Brent crude past $96 a barrel

Amish Shah wins Democratic congressional primary in Arizona, a blow to the party establishment

Amish Shah has won the Democratic primary for an open congressional seat in Arizona

Intel, AMD sign long-term server CPU deals with Chinese clients as prices surge, sources say

U.S. chipmaking giants Intel and Advanced Micro Devices are signing longer-term purchase commitments with Chinese server customers for data

Australia jobs blow past expectations in June, cements bets of another rate rise

Australian employment surged past all expectations in June, data showed on Thursday, in a sign of economic resilience that had markets wagering another hike

BOJ to raise rates again by December as weak yen revives inflation risks: Reuters poll

The Bank of Japan will raise its interest rate again by end-December and possibly as soon as October, according to a majority of economists in a Reuters

Houthis claim attacks on Saudi tankers in Red Sea, raising risk of new chokepoint in Iran war

The Iranian-aligned Houthis on Thursday claimed military strikes on two Saudi oil tankers as part of a naval blockade on Saudi Arabia,

Democrats seize on AI data center backlash that's dividing rural Republicans in places like Texas

Democratic Texas governor's race nominee Gina Hinojosa is focusing on artificial intelligence data centers as a key issue in her campaign against Republican Gov. Greg Abbott

Tropical Storm Bertha fuels a serious flood threat on the East Coast after making landfall in Louisiana

Tropical Storm Bertha fuels a serious flood threat on the East Coast after making landfall in Louisiana

US Education Department probes five medical schools over admissions practices

The U.S.

Macquarie investors back 'safe' insider CEO pick to keep bank on course

Australia's top investment bank Macquarie Group has appointed long-time insider Greg Ward to succeed CEO Shemara Wikramanayake, a choice investors said represented a "safe

Macquarie taps veteran Greg Ward to succeed high-profile CEO Wikramanayake

Australian investment bank Macquarie Group on Thursday appointed long-serving executive Greg Ward to replace retiring CEO Shemara

Houthis say they attacked two Saudi tankers; Saudi Arabia says one ablaze in Red Sea

Yemen's Houthi militia attacked two Saudi Arabian oil tankers in a military operation, the group said on Thursday, and a Saudi news agency

Shah nominated Democratic candidate in Arizona 1st District US House race, US media projects

Moderate Amish Shah on Wednesday won the Democratic Party primary election in Arizona's U.S.

Australia's Domino's Pizza considering appeal options after class action court ruling

Domino's Pizza Enterprises said on Thursday it was considering an appeal after the Federal Court found the company made misleading representations about the application of certain

Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap

Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to

US House passes $1 trillion defense bill despite Iran, Israel concerns

The U.S.

US FDA says it is investigating another cyclosporiasis outbreak

The U.S. FDA has said it is investigating a new outbreak of cyclosporiasis, with 72 cases tied to an as-yet-unidentified source.

After tackling discounts in China, Nike still needs to win back shoppers

After eight successive quarters of falling sales in China, Nike is pulling online sales rights from some of its biggest retail partners in

As Musk pivots beyond cars, Tesla’s autos engine is under strain

As Elon Musk pivots to robots and AI, he wants investors to stop thinking of Tesla as simply an automaker.

The Latest: House adopts $95 billion budget proposal to fund Iran war and other Trump priorities

The House has adopted a Republican-only $95 billion budget proposal, a long-shot effort to fund the Iran war and other White House priorities over objections from Democrats and a few GOP holdouts in a final push before the midterm elections

Republican Hilton tells Californians they can hate Trump but still vote for him in governor's race

Republican Steve Hilton has kicked off his general election campaign for governor against Democrat Xavier Becerra

South Korea's Q2 GDP beats estimates on chip export boom

South Korea's economy grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction

US House advances Trump budget outline, election voting restrictions

U.S.

Trump's tariff threat could impact Canadian economy but may be negotiation tactic, experts say

The U.S. threat of 50% tariffs on Canadian goods could impact the economy, but experts suggest it might be a negotiation tactic

Speaker Johnson muscles through plan to fund Iran war and promote Trump’s ‘SAVE America Act’

Speaker Johnson muscles through plan to fund Iran war and promote Trump’s ‘SAVE America Act’

Ford and Geely strike deal for EV production at Spanish plant, newspaper reports

Ford Motor and China's Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for

Swiss court orders fresh ruling for whistleblowers in multi-billion fraud case

Switzerland's highest court has ordered a fresh ruling in the case of three men accused of breaching bank secrecy laws over leaked data that helped expose the cum-ex tax

ServiceNow raises annual subscription revenue forecast again on AI-driven demand

ServiceNow on Wednesday raised its forecast for annual subscription revenue for the second time after beating second-quarter revenue and profit estimates, driven

Texas Instruments forecasts upbeat revenue on analog chip demand

Texas Instruments forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that spending on AI infrastructure and a recovery in industrial and

Trump administration considers putting nuclear power plants in US waters

The Trump administration on Wednesday said it would evaluate putting nuclear energy projects in federal waters as part of its agenda to expand domestic energy production and speed

CSX second-quarter profit, revenue rises on intermodal demand

U.S. railroad operator CSX on Wednesday reported a rise in second-quarter profit and revenue, as strong intermodal shipments and higher pricing helped offset a challenging freight

IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused

Kinder Morgan beats profit estimates on strong gas flows, raises outlook

U.S. pipeline operator Kinder Morgan raised its full-year outlook and beat Wall Street expectations for second-quarter profit on Wednesday, driven by higher natural

Casino operator Las Vegas Sands quarterly profit, revenue slip on weak Macau business

Casino operator Las Vegas Sands reported a decline in second-quarter profit and revenue on Wednesday, as unusually low hold in rolling play in its Macau operations countered growth

House votes to limit stock trading by members of Congress, elevating a campaign issue

The House has approved legislation that would bar members of Congress from purchasing individual stocks

Trading Day: $100 oil looms 

The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle

Southwest Airline lowers 2026 profit floor as fuel costs blunt pricing gains

Southwest Airlines lowered the floor of its 2026 profit forecast and projected third-quarter earnings below Wall Street estimates

Google increases capex forecast again after cloud-driven quarterly beat

Alphabet on Wednesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns

Raymond James profit rises on capital markets strength

Raymond James Financial reported a rise in third-quarter profit on Wednesday, helped by strong performance in its capital markets unit.

Earnings at Musk's car company fall as research spending cuts into profit from selling cars

Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales

Tropical Storm Bertha makes landfall in St. Bernard Parish, Louisiana

The U.S. National Hurricane Center said on Wednesday that Tropical Storm Bertha has made landfall in St. Bernard Parish, Louisiana.

Why is a US-Saudi nuclear pact causing alarm in Washington and the Middle East?

The Trump administration backs a nuclear energy pact with Riyadh allowing Saudi Arabia to enrich uranium and process spent atomic fuel, a move that worries some U.S.

New York City mayor taps ex-FTC Chair Khan for key economic post, separately faces suit over rent freeze

New York City Mayor Zohran Mamdani's administration named former Federal Trade Commission Chair Lina Khan on Wednesday as board chair of the New York

House passes bill to restrict lawmaker stock trading, but larger fight to fully ban it looms

House passes bill to restrict lawmaker stock trading, but larger fight to fully ban it looms

Will SpaceX buy Tesla? Musk is not revealing his plans

Will SpaceX buy Tesla? Musk is not revealing his plans

A boater's photo may be 'the last picture' of group drowned in an Ohio river

Marcus L

House votes for Department of War renaming as part of an annual defense bill

The House has passed a defense policy bill that incorporates President Donald Trump’s request for a historic $1.15 trillion in spending for the Pentagon

European Union gives its greenlight to Paramount and Warner's mega merger with some conditions

The European Union has approved Paramount's $81 billion takeover of Warner Bros

Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom

Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far

Oil prices rise another 3%, while Wall Street drifts in mixed trading

U.S. stock indexes barely budged after oil prices climbed another 3%

Russia sanctions bill faces hurdles in Senate despite renewed push after Graham’s death

Russia sanctions bill faces hurdles in Senate despite renewed push after Graham’s death

Demand for critical minerals fuels conflict but could help resource-rich nations, WTO says

The head of the World Trade Organization says surging global demand for critical minerals should be “a once-in-a-lifetime chance” for resource-rich countries in Africa and elsewhere to harness wealth and improve life for millions

Trump set to expand power cost pledge on data centers

President Donald Trump is set to unveil on Thursday a pledge backed by governors, lawmakers, utilities and data center

Treasury's Bessent welcomes Pakistan's reforms, push to return to capital markets

U.S.

Blind man inspires community with his gospel music

Blind man inspires community with his gospel music

Wall Street indexes dip with technology earnings, rising oil in focus

The Nasdaq led Wall Street lower on Wednesday with a mixed performance from technology stocks, as investors waited for key earnings reports to

Detroit grandmother's blight concerns prompt city action on abandoned home next door

Detroit grandmother's blight concerns prompt city action on abandoned home next door

FCC votes to bar sales of devices with parts from Chinese firms posing risks

The Federal Communications Commission on Wednesday voted to bar sales of ‌devices in the U.S. that contain key hardware from Chinese companies deemed to be

Oil prices jump on US-Iran strikes, stocks flat ahead of Big Tech results

Oil prices rose to a six-week high on Wednesday as the U.S. and Iran traded strikes, further threatening energy

CME profit tops estimates, CEO says 'perps' chatter overshadows results

CME Group beat Wall Street's second-quarter profit estimates on Wednesday, fueled by strong hedging demand, sending the derivatives exchange's shares up 6.1%.

Zelenskiy speaks to US envoys, discusses weapons

Ukrainian President Volodymyr Zelenskiy and U.S. envoys Steve Witkoff and Jared Kushner spoke on Wednesday about the prospects for pursuing more active diplomacy and moving

Comic-Con staying in San Diego through 2030, mayor announces

Comic-Con staying in San Diego through 2030, mayor announces

Hungry for customers, Taco Bell is offering $1 lettuce-free deals

Hungry for customers, Taco Bell is offering $1 lettuce-free deals

Italy optimistic about downward revision of 2025 deficit, minister says

Italy is "cautiously optimistic" about a downward revision of its 2025 deficit, the economy minister said on Wednesday, reviving hopes that the country

Wildberries, 'Russia's Amazon', becomes a target for Ukraine

From humble origins as a family business run out of an apartment near Moscow, Wildberries has grown in under two decades into Russia's top online retailer

US politicians pitch aviation, space business at Farnborough Airshow

The U.S. boosted the size of its pavilion at the Farnborough Airshow by 22% this year, and U.S. politicians were out in force, vying with

Germany vows support for Nigeria on security, seeks expanded economic ties

German Foreign Minister Johann Wadephul reaffirmed Berlin's commitment on Wednesday to supporting Nigeria on security as it battles militant groups, and

Gold miners set for earnings growth, but higher costs could temper gains

Gold miners are expected to report sharply higher second-quarter profits, buoyed by stronger bullion prices, though the Iran war's impact on

FDA panel to review popular peptides amid persistent consumer appetite

U.S.

Vale shareholders elect Oliveira chairman after governance tensions

Shareholders of Vale on Wednesday elected Manuel Lino Oliveira as chairman of the Brazilian miner's board, a move backed by top shareholder Previ

Oil settles up more than 3% to six-week high as Mideast conflict threatens oil transit routes

Oil prices settled at their highest since June 11 on Wednesday on mounting supply concerns as hostilities continued to escalate between the U.S. and

US judge sets June 2027 trial date for Venezuela's Maduro

A judge on Wednesday set a June 1, 2027, trial date for ousted Venezuelan President Nicolas Maduro and his wife Cilia Flores on U.S. drug

Trump attends return of US soldiers killed in Iran war

U.S.

US Senate panel approves bill cracking down on the sale of Chinese vehicles 

The U.S.

Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners

Aston Martin has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, it said on Wednesday, bolstering

US coffee drinkers could pay more if Trump punishes Nicaragua's election ban

U.S. coffee drinkers, already paying the highest prices in a decade, could eventually feel the effects of any reaction by Washington to Nicaraguan

Daimler Truck raises profit forecast on tariffs and North America sales

Daimler Truck, one of the ​world's biggest truckmakers, raised its full-year adjusted operating profit forecast on Wednesday, citing an updated tariff framework and higher expected

Alaska Air says its underlying business strengthened despite fuel-hit quarter

Alaska Air Group returned to profitability in June with a double-digit pretax margin despite fuel prices running nearly 70%

Video shows high-speed chase through Fort Worth and Dallas end with 11 pounds of meth seized

Video shows high-speed chase through Fort Worth and Dallas end with 11 pounds of meth seized

Iran's demands over the Strait of Hormuz would set a dangerous precedent, Rubio warns Asian leaders

Secretary of State Marco Rubio has warned Asian leaders that Iran's demand to control the Strait of Hormuz threatens the global economy and freedom of navigation

Wellington, Vanguard, Blackstone launch funds targeting wealthy investors

Wellington Management, Vanguard and Blackstone are launching two funds that will offer investments in both public and private markets for a growing cohort

SpaceX plans Texas data center expansion, The Information reports

SpaceX is preparing for at least one new large-scale data center in Texas, The Information reported on Wednesday, citing people familiar with the matter.

Zelle must face New York attorney general lawsuit over 'rampant' fraud, judge rules

A judge rejected Zelle's bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform's refusal to

Penske, Mitsui make $3.8 billion offer to take auto retailer Penske Automotive private

Penske Corp and Mitsui <8031

Panama weighs creation of state-owned miner to pave way for Cobre Panama re-opening

Panama is considering creating a state-owned mining firm to partner with Canada's First Quantum on the re-opening of the shuttered flagship Cobre Panama

Repligen beefs up cell therapy business with $1.5 billion deal for BioLife

Repligen Corp said on Wednesday it would buy BioLife Solutions in a cash-and-stock deal valued at about $1.5 billion, to expand the drugmaking equipment provider's

US Treasury won't tolerate 'abusive' Wall Street tax strategies, Bessent says

The U.S.

Amazon cuts jobs in its artificial general intelligence group

Amazon on Wednesday cut jobs in its artificial general intelligence group, marking the latest in a series of smaller reductions across the company

Bolivia nears $2.5-$2.8 billion IMF financing deal, minister says

Bolivia is "days away" from announcing an agreement with the International Monetary Fund for $2.5

Dollar edges lower after four-day run of gains, yen stalled near 40-year low

The dollar eased slightly from a one-week high on Wednesday after four straight daily advances, while the yen saw a modest recovery from its weakest

Rubio meets China's Wang at regional gathering where Iran war looms large

U.S.

Uber, Lyft win court block on NYC law requiring notice before firing drivers

A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps without advance notice, ruling

EU airline ownership review set to harden controls in blow to easyJet bids

The European Union is preparing a review of airline ownership rules to prevent foreign investors from

US Senate panel approves bill to crack down on Chinese vehicles

The U.S.

Otis cuts annual profit forecast on rising costs; higher pricing offsets Mideast hit

Elevator maker Otis Worldwide on Wednesday cut its annual adjusted profit forecast on the back of increased costs,

Porsche supervisory board backs tougher restructuring

Porsche's supervisory board gave its blessing to the next round of restructuring measures on Wednesday, a company spokesperson said, with media reporting

Nestle nears sale of water business stake at close to €5 billion valuation, FT reports

Private equity firm Platinum Equity is nearing a

Shanghai holds compliance guidance meeting with automakers including Tesla, BYD

Shanghai authorities said on Wednesday it convened major automakers, dealer groups and internet platforms to reinforce compliance requirements as part of a campaign to

Moody's quarterly profit jumps on bond issuance activity strength

Moody's reported a jump in second-quarter profit on Wednesday, as strong bond issuance activity drove growth in its ratings business.

Citigroup hires five US tech investment banking executives from rivals

Citigroup said on Wednesday it has hired five managing directors for its technology investment banking in the U.S. from Bank of America, JPMorgan Chase

Northern Trust quarterly profit jumps on Visa gain, strong fee income

Northern Trust reported an 88% jump in second-quarter profit on Wednesday, helped by a one-time gain tied to the Visa share exchange offer, along with strong fee income from asset

Philip Morris to lift Zyn investment, cigarette demand drives earnings beat

Philip Morris International said it would increase investment in its Zyn nicotine pouches as competition intensifies in the fast-growing category,

Trump: US will attack Iranian bridge, power plant for every ship targeted in Hormuz

President Donald Trump renewed his threats to attack Iranian infrastructure on Wednesday, saying the U.S. would attack a bridge or power plant each time Tehran targets

S&P 500, Nasdaq open lower as caution builds ahead of Big Tech earnings

The S&P 500 and the Nasdaq opened lower on Wednesday pressured by weakness in chip stocks, as investors remained cautious ahead of the first batch of Big Tech earnings that could

Ukraine hits more warehouses of Russia's top online retailer Wildberries

Ukraine has attacked two more warehouses of Russian online retailer Wildberries, its boss said on Wednesday, extending a series of drone strikes on a company at the heart

Yolo County declares local emergency over golden mussel invasion

Yolo County declares local emergency over golden mussel invasion

As Lake Powell shrinks, marinas are having to adapt to dwindling water levels

Lake Powell, the second largest reservoir in the United States, is shrinking

Need backup power? Automakers want you to look no further than their vehicles in your driveway

Texas resident Kenneth Kovar has a home energy setup from Ford, in which drivers of certain popular F-150 models can plug their vehicle directly into their electric meter to power their home during an outage

Philadelphia’s criminal justice fines and fees fall hardest on poorest neighborhoods

New research maps where legal financial obligations are concentrated – and finds they overlap with poverty, violence and racial inequality.

The National Climate Assessment is broken – appointing Matthew Wielicki to lead it won’t help

What communities and businesses really need is information they can act on, with examples of what’s worked elsewhere and why – and what fails.

Why 78 degrees isn’t the right thermostat setting for everyone during a heat wave

There is no single thermostat setting that is right for every person or every home. And there are other easy, low-cost steps that can help keep everyone comfortable when hot weather sets in.

Marco Rubio tells diplomats to play down talk of American tech 'kill switch'

U.S.

Intel results to test if AI-fueled rally has room to run

Intel's results on Thursday will show whether the American chip icon has the numbers to back a Wall Street rally that has sent its shares nearly three times higher this year, as

Too many trucks, too many zeros: Army audit drive exposes flaws as Pentagon nears 2028 goal

From too many zeros to too few, and even the letter 'O' typed in its place, the new systems at the Pentagon have uncovered a trail of mistakes as the

Many US patients opt for obesity drug injections, defying some expectations

Many patients have opted for injectable forms of the wildly popular GLP-1 obesity medications through a pilot program of the U.S.

Meta employees' lawsuit shows that if AI fires you, proving it is the hard part

A novel lawsuit claiming that Meta Platforms relied on discriminatory AI tools to select employees for layoffs highlights the problems workers face in suing

US-India trade deal could be signed in 3-4 months, US official says

A long-awaited U.S.-India trade agreement could be signed within the next three to four months, a senior U.S. official said on Wednesday, indicating

AT&T tops targets for new wireless subscribers as bundle offers spur demand

AT&T topped quarterly estimates for wireless subscriber additions on Wednesday as cheaper unlimited plans paired with bundled mobile-broadband offerings

Malta's capital hit by power cut as temperatures soar

Malta's capital Valletta was without power on Wednesday, a day after the island's prime minister issued an "unconditional" apology for a wave of power cuts across the

TE Connectivity projects upbeat quarterly results, to buy Astrodyne for $1.4 billion

Electronic equipment maker TE Connectivity on Wednesday forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand

Rubio meets Wang, discusses laying groundwork for Chinese president's US visit

U.S.

GE Vernova misses core profit estimates as Wind weakness persists

GE Vernova missed Wall Street estimates for second-quarter adjusted core profit on Wednesday as losses in its Wind business widened, overshadowing strong growth in

UK's Segro signals support for Prologis' last-ditch $18.8 billion takeover bid

British warehousing group Segro said on Wednesday it was minded to back Prologis' £14 billion ($18.8 billion) takeover bid after investors urged

Indonesia's Prabowo appoints new chief of troubled free meals agency

Indonesian President Prabowo Subianto has appointed long-time party loyalist and deputy agriculture minister Sudaryono as the new head of the agency overseeing his

US FDIC has disciplined eight for sexual harassment since January 2025

The U.S.

Overstored pool chemicals and corroded sprinklers led to Georgia chemical plant fire, report says

A report concludes that more than twice the planned amount of swimming pool chemicals were improperly stored at a Georgia plant, leading to a fire in 2024

Escalating Middle East war could slash global growth to 1.3% in 2026, World Bank chief economist says

Escalating hostilities between the United States and Iran could reignite inflation, drive interest rates higher and knock global growth back to as low

New US 25% tariff hits billions of dollars in Brazilian exports

A new 25% U.S. tariff will hit a range of Brazilian goods on Wednesday, including farm machinery, wood products, ethanol and apparel, escalating

Airbus shares jump as planemaker sets out targets and share buyback

Airbus shares jumped sharply on Wednesday after the European planemaker launched a €5 billion ($5.7 billion)

Target names former 7-Eleven CEO DePinto to board

Target on Wednesday named former 7-Eleven CEO Joe DePinto to its board, adding an industry veteran as the retailer works to sustain a turnaround under new CEO Michael Fiddelke.

Alphabetting

By Mike Dolan LONDON, July 22 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Oil prices, bond yields and chip stocks were rising in sync again

PulteGroup quarterly profit falls as home affordability pressure persists

PulteGroup on Wednesday posted a fall in second-quarter profit as the homebuilder's incentives for buyers facing challenges with high interest rates and rising costs weighed on the

US 30-year mortgage hits 11-month high, MBA says

The interest rate on the most popular type of U.S. home loan crept up again last week to the highest since last August with little prospect for an immediate break for would-be

Jersey Mike’s, Reformation IPOs pose test for US retail listings

Sandwich chain Jersey Mike's and women's fashion retailer Reformation are advancing their planned IPOs, putting the spotlight on U.S. retail

Separate US talks with Canada, Mexico test North America's trilateral trade pact 

Separate U.S. negotiating tracks for Canada and Mexico are testing a trilateral free trade zone that has

Ukraine agrees to export drones to US for Pentagon plan, source says

Ukraine has agreed to export drones to the United States to participate in the Pentagon's Drone Dominance programme, a source familiar with the matter told Reuters on

Messy primaries plague both major political parties, causing chaos and confusion in the midterms

As midterm campaigning heats up, both major political parties face unexpected challenges

A new front is opening in the Iran war. Oil faces ‘no way out’

A new front is opening in the Iran war. Oil faces ‘no way out’

Poland, Hungary's foreign worker curbs create headache for business

Facing a choice between upsetting businesses and a public opinion backlash, the Polish and

South Africa inflation surge sets stage for another rate hike

South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second

UK house prices rose by 2.7% in year to May, ONS data shows

British house prices rose by 2.7% in the year to May, after rising by an

UK's Burnham targets cheaper bus fares in cost-of-living drive

Britain's new prime minister, Andy Burnham, said on Wednesday he would cut the price of single bus tickets by up to a third as

Generic drugmaker Sandoz to engage with US after Trump tariff threat

Swiss generic drugmaker Sandoz said on Wednesday it would continue discussions with policymakers after U.S.

UK inflation slows in temporary boost for new PM Burnham

British inflation cooled by more than expected last month as a brief de-escalation in the Iran war reduced fuel prices, but the slowdown is likely to offer

BOJ on alert to price risks that may lead to faster rate hikes, sources say

The Bank of Japan remains on alert to upside inflation risks that could lead to faster interest rate hikes than markets project, said three sources familiar

Europe's STOXX 600 closes at two-week high; Randstad soars

European shares ended at a two-week high on Wednesday, driven by energy and defence stocks, while Randstad soared in its strongest day since

Canada FM urges Middle East de-escalation, calls South China Sea confrontation 'troubling'

Canada is calling for a de-escalation and a permanent ceasefire in the Middle East, with the situation "quite grave", its foreign minister Anita Anand said on Wednesday on

Toxic gas slows efforts to rescue 13 workers trapped in India hydropower tunnel

Authorities say 13 workers are trapped inside a collapsed hydropower tunnel in India

Pakistan seeks $10 billion fund from US after mediating Iran talks, sources say

Pakistan has asked the United States for a $10 billion exchange stabilization facility, according to two sources briefed on the matter, which, if approved, could

Mideast war escalation threatens recovery in global oil refining

The escalating U.S.-Iran war threatens Asian oil refiners' plans to ramp up output in August, which could keep

China's fiscal revenue expands 4.7% in first half

China's fiscal revenue rose 4.7% in the first half of 2026 from a year earlier, the finance ministry said on Wednesday, an acceleration from growth of 4% seen in the

Contract chipmaker TSMC to raise prices by up to 10% in 2027, sources say

TSMC, the world's largest contract chipmaker, plans to raise chipmaking prices by up to 10% from 2027, two sources familiar with the matter said late on Tuesday.

The new ad for chips? An AI model Breaking Bad

A look at the day ahead in European and global markets from Gregor Stuart Hunter The AI trade is roaring back on Wednesday as export demand surges across Asia, lifting chipmaker stocks and pushing the

Japan ready to take decisive currency action as yen hits 40-year low

Japan will take decisive action in the currency market if needed, Finance Minister Satsuki Katayama said on Wednesday, signalling

Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

South Korea's Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly €20

Chile rains leave 13 dead, 7 missing, authorities say

The heavy rains that have hit much of Chile have left 13 people dead and seven missing, authorities said on Tuesday, while the government said it would seek sanctions on

Hormuz vessel crossings fall further as security concerns linger

Vessel crossings via the Strait of Hormuz dropped further on Tuesday, shipping data showed, as security concerns lingered amid ongoing attacks by the United States and

Nike to tighten online sales in China amid 'fragmented' marketplace

Nike is trying to lure back shoppers in China by controlling how its products are sold online, directing consumers to official Nike

Nvidia supplier Wistron launches $700 million Texas factory for AI system production

Taiwan's Wistron, a supplier to Nvidia, launched a $700 million manufacturing facility in Texas on Tuesday to produce the U.S. chipmaker's latest AI systems,

Britain's new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy

Britain’s new leader, Andy Burnham, is facing the same old problem: How can he kickstart a sluggish economy so that growing companies and increased output generate enough additional revenue to boost defense spending and pay for everything else voters want without raising taxes

India's FMCG sector faces margin squeeze as costs spike amid strong demand, price hikes

Indian consumer goods companies are expected to report pressure on first-quarter profit margins, as the Iran war-fuelled higher raw material costs outweighed

Australia to increase oversight on auditors after KPMG scandal, regulator says

Australia's corporate regulator said on Wednesday it would increase its regulatory oversight of auditors following the KPMG leak scandal.

Japan imports jump to record high on oil price surge, complicating BOJ policy

Japan's imports jumped to a record high in June, government data showed on Wednesday, as a weak yen and soaring oil prices drove up import costs and

South Korean industry minister heads to US as tariff decision looms

South Korea's Industry Minister Kim Jung-kwan headed to Washington on Wednesday for talks with senior U.S. officials on trade and investment cooperation, as Seoul braces for

Trump to seek Congress approval for Saudi Arabia nuclear energy pact that lacks safeguards, sources say

The Trump administration plans to submit to Congress a pact with Saudi Arabia to share nuclear power technology that does not include safeguards the

UK employer pay awards hold at 3.3%, Brightmine says

Pay settlements by British employers held steady in the three months to June despite concerns about the Iran war and economic uncertainty, according to data published on

White House lawyer confirmed to judgeship after bashing Republican senators

A White House lawyer nominated by President Donald Trump to serve on a court that hears litigation regarding trade laws and tariff policies was confirmed to the

Chilean government's sweeping reform bill advances in Congress

Chile's lower house approved most of a major reform bill on Tuesday, pushing forward President Jose Antonio Kast's plan to boost investment in the

Saudi, UAE officials use social media to signal unity after months of tension

Senior Saudi and United Arab Emirates officials on Tuesday shared similar social media posts

Canada cancels joint bridge celebration with US, citing Trump trade threats

Canada has canceled a planned joint celebration with the U.S. to mark the opening of the Gordie Howe International Bridge between Windsor, Ontario, and Detroit, citing trade

US cyclosporiasis cases top 4,100 as CDC investigates lettuce-linked outbreak

The Centers for Disease Control and Prevention has pegged the number of domestically acquired, lab-confirmed U.S. cyclosporiasis cases since May 1 at 4,173 after federal and state

Foundations can outlive their charitable missions – and that’s a problem

The missions the foundations’ original donors champion during their lifetimes can become outdated after they’ve died.

Trump says generic drugs to face no US tariffs for 2 years, then 100% and 200% tariffs later

President Donald Trump said on Tuesday all generic drugs being brought into the U.S. will continue having a tariff of 0% for two years starting from

Trading Day: Stocks fly, yen sinks

World stocks rallied sharply on Tuesday, with strong gains in semiconductor shares more than offsetting any angst about the U.S.-Iran war and

Japan exports in June jump 19.3% year/year

Japanese exports rose 19.3% year-on-year in June, up for a 10th straight month, data from the Ministry of Finance showed on Wednesday.

Chile's Congress puts President Kast's economic overhaul on track to becoming law

Chile’s Congress has approved most of a major tax and economic overhaul promoted by President José Antonio Kast

Canada cancels joint bridge-opening event with US after Trump announces tariffs

A planned joint U.S.-Canada ceremony to celebrate the opening of the Gordie Howe International Bridge has been canceled after President Donald Trump announced new tariffs on Canadian goods

US anti-bias agency moves to end employer reporting of worker race, sex data

The U.S. agency that enforces laws banning workplace discrimination moved on Tuesday to scrap a requirement that employers annually submit data on the race and

Interactive Brokers' quarterly profit leaps on brisk trading

Trading platform Interactive Brokers reported a 35% rise in second-quarter profit on Tuesday, bolstered by elevated trading activity due to a sharp rally in U.S. equity markets

US and Solomon Islands discuss deepening ties, return of Peace Corps

U.S.

Capital One second-quarter profit rises on higher interest income

Capital One Financial reported a rise in second-quarter profit on Tuesday, helped by higher interest income from its credit card business.

War in Iran has cost the US $37.5 billion so far, Pentagon says

The cost of the United States' war in Iran has risen to $37.5 billion so far, U.S.

Fuel costs cloud Alaska Air's outlook even as demand remains strong

Alaska Air Group on Tuesday forecast third-quarter results below Wall Street estimates and said it expected to recover only about

Hegseth estimates Iran war has cost $37.5 billion as he defends funding request at fiery hearing

Defense Secretary Pete Hegseth said the U.S. war against Iran has cost $37.5 billion so far

Union for United Airlines' mechanics, other staff, secures in-principle pact for new contract

A union representing over 11,000 mechanics and other employees at United Airlines secured an in-principle agreement for a new contract following two years of bargaining, it said on

Strong consumer loan demand lifts Banorte quarterly profit

Mexico's Grupo Financiero Banorte reported a 6% rise in second-quarter net profit on Tuesday, slightly above estimates, boosted by strong demand

Tankers with Saudi crude turn back as Houthis open new front in US-Iran war

Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-

US judge blocks Trump administration from stripping immigrants of work permits

A federal judge on Tuesday temporarily blocked President Donald Trump's

Higher copper prices push Grupo Mexico quarterly profit up 79%

Mining and transportation conglomerate Grupo Mexico on Tuesday said its second-quarter net profit rose nearly 79% compared to the same period a year earlier, bolstered

The Latest: Hegseth estimates Iran war has cost $37.5B so far

Defense Secretary Pete Hegseth says the Iran war has cost $37.5 billion, so far

TSA security to be privatized at Tampa International Airport under new federal program

TSA security to be privatized at Tampa International Airport under new federal program

He was fired by the White House right after being sworn in. Now a top federal prosecutor is suing

The top federal prosecutor in Seattle who was fired last week less than an hour after being sworn in is suing the government over his termination

US military training to suffer without funding boost, Hegseth says

U.S.

US senator urges Wall Street to reject offer of paid early access to Trump posts

A top Democratic U.S. senator on Tuesday urged banks and trading firms to shun a new product offering early access to posts on

Coal sector urges Trump administration to provide financing for existing, new power plants

A coal council that advises the Trump administration urged the U.S.

US sends first humanitarian flight to Cuba under new aid package

The U.S. on Tuesday sent a humanitarian flight to Cuba, the State Department said, the first part of a new $100 million assistance commitment that comes alongside U.S.

Airbus says seeking more Pratt jet engines in 2027

Airbus said on Tuesday it was pushing for more engines from Pratt & Whitney for 2027 following a tug of war with airlines over supplies and hoped to receive

Iraq's oil minister says US energy deals worth about $200 billion

Iraq's oil minister said on Tuesday that agreements signed between the oil ministry and U.S. companies during the Iraqi Prime Minister Ali al-Zaidi's visit to U.S. were

Insurer Chubb posts higher second-quarter profit on strong underwriting business

Property and casualty insurer Chubb reported a rise in second-quarter profit on Tuesday, helped by strong underwriting performance and investment returns.

Goldman Sachs creates private markets platform for wealthy clients, memo shows

Goldman Sachs has created a new platform as it looks to expand its private market offerings for wealthy clients, according to an internal memo seen by Reuters on Tuesday.

MLB players propose expanded draft eligibility in another sign of looming labor confrontation

Baseball players have proposed expanding eligibility for the amateur draft rather than decreasing it, maintaining 20 rounds of selections and moving it back to June

US sends food for Cuban residents while still pressuring island's government

A cargo plane packed with food and hygiene kits has left Miami for Cuba as part of the U.S. government’s humanitarian assistance efforts for the people of the island nation

AI stocks lead Wall Street higher, even as Brent oil's price tops $91

More gains for makers of computer chips and other AI winners carried Wall Street higher

Carney says he and Trump will intensify trade negotiations after US hiked tariffs by 50%

Canadian Prime Minister Mark Carney says he and U.S. President Donald Trump have agreed to intensify trade negotiations between Canada, the U.S., and Mexico

Trump risks reigniting a trade war with new tariffs on Canada

Justin Wolfers joins The Lead.

Senate panel advances Jay Clayton's nomination to lead US intelligence agencies

The Senate Intelligence Committee has advanced the nomination of Jay Clayton, President Donald Trump’s pick to head the nation’s intelligence agencies

Trump administration says it's deferring $1B in Medicaid payments to California and Minnesota

The Trump administration says it's deferring over $1 billion in Medicaid payments to Minnesota and California because of suspected fraud and noncompliance

Boeing versus Airbus as aircraft orders top 300 at Farnborough airshow