July 25 (Reuters) – 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 fixed-income fund flow data. “We are investigating this matter and have identified a sizeable flow with
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a sna
By Ashwin Manikandan MUMBAI, July 25 (Reuters) – India said on Saturday it would continue engaging with the United States to conclude a bilateral trade agreement, after Washington imposed a 10% tariff on imports from the South Asian nation under new trade measures. The Trump administration on Friday
What’s for dinner? Lately, at Apral Jack’s house, it’s whatever is on sale. Jack, 50, scouts an app for deals at her local supermarket before she buys groceries. When she reaches the store, she looks in the weekly circular for coupons she might have missed. If shelf prices look too high, she tries t
Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow to come down. That’s been frustrating for Americans hit with
By Cecile Mantovani and Denis Balibouse MOLESON-SUR-GRUYERES, Switzerland, July 25 (Reuters) – The Alpine farmers who make one of Switzerland’s most famous cheeses are seeking to fill the hole in sales left by U.S. import tariffs, which have caused demand to plunge in one of their most important exp
LEGE-CAP FERRET, France (AP) — France sent a hulking military cargo plane to dump tons of flame retardants as it battled raging wildfires on Saturday and slashed the final stage of Tour de France to redeploy security personnel to the blazes that forced tens of thousands of people to flee their homes
By Federico Maccioni and Ahmed Elimam DUBAI, July 25 (Reuters) – Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global funds Blackstone, Brookfield and KKR, the state-owned Gulf firm said on Saturda
NEW YORK (AP) — Paramount and Warner Bros. Discovery have agreed to delay closing their $81 billion merger well into next year, a stunning move that arrives as a judge continues to consider a challenge from 12 states seeking to block the deal altogether. Paramount said in a filing Friday that it won
By David Shepardson WASHINGTON, July 24 (Reuters) – 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 spectrum, but the carriers will be eligible for as much as $2.2 billion in government rebates to cover th
SAO PAULO, July 24 (Reuters) – Brazilian aircraft manufacturer Embraer said on Friday its firm order backlog hit a record of $34.5 billion at the end of the second quarter, up 16% from a year earlier. • The commercial aviation backlog stood at $15.1 billion in April-June quarter, up 15%, while execu
July 24 (Reuters) – 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. In a scenario in which the current situation lasts for another one, two, or three months, Barclays thinks there could be a $2 per b
July 24 (Reuters) – 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 people familiar with the matter. Uber’s shares closed down 4.3%. Waymo has had internal conversations
By Jody Godoy July 24 (Reuters) – Paramount Skydance on Friday agreed to pause its acquisition of Warner Bros. Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty. The agreement pausing the deal until next June, at the latest,
WASHINGTON, July 24 (Reuters) – President Donald Trump on Friday vowed tariffs on Canada in retaliation for smoke from wildfires that has drifted into the United States. (Reporting by Bo Erickson and Steve Holland;Editing by David Ljunggren) Brought to you by www.srnnews.com
The Trump administration wants soldiers to consider becoming truck drivers when they leave the military to help replace the tens of thousands of immigrant drivers who lost their licenses in a crackdown this year. A new campaign launched Friday will promote programs that let veterans who recently dro
By Stephen Nellis SAN FRANCISCO, July 24 (Reuters) – Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source AI models, wading into a debate roiling the business and policy worlds over who controls the powerful technology. In a letter posted on
By Karen Brettell July 24 (Reuters) – Federal Reserve Chairman Kevin Warsh wanted a central bank that talked less and let the data speak. Now, markets are speaking for him – loudly. A sharp Treasury selloff has pushed some longer-dated yields to their highest levels since the financial crisis and is
July 24 (Reuters) – 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 regulators scrutinize the industry’s growing links to insurance balance sheets. While private credit mar
July 24 (Reuters) – Smartphone chipmaker Qualcomm has 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 to clients. The San Diego, California-based company did not immediately respond to a Reuters re
(Corrects to say Trump in paragraph 3) July 24 (Reuters) – U.S. President Donald Trump on Friday blasted the European Union over what he called its illegal decision to fine Alphabet’s Google, saying Washington would launch a probe into the bloc’s “robbing” of American companies. The European Commiss
By Svea Herbst-Bayliss NEW YORK, July 24 (Reuters) – Investment firms Blackstone and Donerail are among the final bidders to acquire MarineMax, two people familiar with the matter said on Friday, as the recreational yacht retailer explores selling itself. The two, as well as private equity firm Cent
By Andrea Shalal WASHINGTON, July 24 (Reuters) – The United States on Friday imposed sanctions against nine firms and four people in the business network of sanctioned Iranian financier Babak Zanjani for evading sanctions, even as U.S. forces escalated their strikes across Iran. The sanctions add to
July 24 (Reuters) – Ford is recalling 565,691 vehicles in the U.S. as the engine compartment wiring harness may become damaged and short circuit, the National Highway Traffic Safety Administration said on Friday. Here are the details: • The recall affects certain 2021-2026 Bronco and Bronco Raptor v
FRANKFURT, Germany (AP) — Russia’s central bank made a smaller than usual interest rate cut on Friday, a compromise move to support stagnating economic growth even as inflation fueled by war spending remains higher than the bank’s target. The quarter-point cut to 14% shows the bank slowing its pace
WASHINGTON (AP) — Ford Motor Co. is recalling more than half a million Broncos because a wiring harness in the engine compartment can short circuit and increase the risk of fire. Ford said Thursday that 565,691 Ford Broncos and Bronco Raptors, model years 2021-2026, are included in the recall. The a
Credit card giant American Express said its second-quarter profits rose 8% from a year earlier, helped by higher spending by its card members, fewer delinquencies and more customers signing up for its premium products like the Platinum Card and Gold Card. The New York-based company said Friday it ea
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK, July 24 (Reuters) – Deepening conflict in the Middle East has sent oil prices surging and Treasury yields climbing to levels that have equity investors on edge, raising fears that pain so far largely contained in the bond market could soon spill ove
CAIRO (AP) — The U.S. military launched the 13th night of strikes Thursday against Iran, targeting key military and commercial sites as clashes continued to escalate over shipping routes. The attacks came after Yemen’s Iran-backed Houthi rebels said they targeted two Saudi oil tankers in the Red Sea
By Dan Burns July 24 (Reuters) – 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 growth in the manufacturing sector eased to the slowest since March amid a slowdown in precautionary
