By Kevin Yao and Yukun Zhang BEIJING, Aug 9 (Reuters) – China’s producer price inflation eased more than expected in July to its weakest in three months, while consumer inflation also cooled, official data showed on Sunday, as global energy prices retreated despite the U.S.-Israel war against Iran.
SEOUL, Aug 9 (Reuters) – A former employee at SK Hynix has been sentenced to 18 months in jail for leaking information on semiconductor manufacturing technology to a Chinese firm, the Yonhap news agency reported on Sunday. The Seoul High Court made the ruling in an appeal case against the defendant,
NEW YORK (AP) — It was four decades ago next year that Whitney Houston released “I Wanna Dance with Somebody (Who Loves Me),” a timeless hit in a career made up of them. And it is just one of her 11 Billboard Hot 100 No. 1 singles, all of which have been compiled into a new album, “WH1TNEY,” release
NEW YORK (AP) — Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver’s seat gets so hot that it literally brands them and causes burns. Gabriel Lahijani and Karendeep “Karina” Bath allege the front seats of cert
(AP) – The Strait of Hormuz — a narrow, ancient waterway is once again at the center of a very real global showdown. And Iran’s leaders believe their own victory won’t take millennia. In fact, they think it’s close at hand. Tehran is betting that sustained military pressure will eventually force the
WASHINGTON, Aug 8 (Reuters) – U.S. Senate Majority Leader John Thune moved on Saturday to advance a major bill that would create a regulatory framework for cryptocurrencies which, if passed, would mark a huge victory for U.S. President Donald Trump and the crypto industry. Thune, a Republican, early
VANCOUVER, British Columbia (AP) — British Columbia declared a state of emergency Saturday after a fast-moving wildfire destroyed homes and forced more than 20,000 people to flee communities along Okanagan Lake in western Canada, with dozens rescued by aircraft. Premier David Eby announced the emerg
OMAHA, Neb. (AP) — Berkshire Hathaway’s new CEO Greg Abel spent a significant chunk of the company’s massive pile of cash as it invested $10 billion in Google’s parent company and repurchased about $4.5 billion of its shares. The conglomerate that legendary investor Warren Buffett built reported its
WASHINGTON (AP) — Right-leaning legal activists along with Elon Musk ’s artificial intelligence company have brought sweeping challenges against a cornerstone of legal enforcement in the United States: the right of private groups, people and local governments to sue over violations of many major law
By Jonathan Stempel Aug 8 (Reuters) – Berkshire Hathaway said it began reducing its enormous stockpile of cash in the second quarter, investing billions of dollars in stocks such as Alphabet and repurchasing billions of its own, as it reported higher-than-expected profit. The conglomerate said on Sa
By Eduardo Baptista BEIJING, Aug 8 (Reuters) – Apple has published a guide explaining how eligible Mac users in mainland China can connect Alibaba’s Qwen artificial-intelligence service to the U.S. tech giant’s Siri digital assistant and Writing Tools feature. The Mac-specific arrangement could help
Aug 8 (Reuters) – Berkshire Hathaway on Saturday reported a higher quarterly operating profit, benefiting from higher earnings in manufacturing, service and retail operations, while net income was bolstered by double-digit gains in common stock investments such as Apple and Alphabet. Second-quarter
NEW YORK (AP) — Reports on inflation and retail sales are the central updates for Wall Street this week. The reports help give investors and economists a better sense of where prices are moving on a wide range of goods and services, while also providing a clearer picture on the impact to businesses
By Aditya Kalra NEW DELHI, Aug 8 (Reuters) – India’s food safety regulator warned liquor giant Diageo that it misleadingly claimed one of its top-selling whiskies was “matured in American oak casks”, when most of the product had not been matured, a confidential government notice shows. The previousl
By Kanishka Singh WASHINGTON, Aug 7 (Reuters) – A Delaware judge ordered data analytics firm Verisk to try completing its planned $2.35 billion acquisition of roofing software maker AccuLynx, with the order coming more than seven months after Verisk said it pulled the plug on the deal. Here are deta
By Kanishka Singh WASHINGTON, Aug 7 (Reuters) – The U.S. Securities and Exchange Commission said on Friday it was moving to dismiss an insider trading lawsuit against Terren Peizer, a former healthcare executive who was convicted of insider trading by a federal jury in 2024 and then pardoned by Pres
(Corrects paragraph 1 to remove garble) Aug 7 (Reuters) – Nvidia will invest up to $3 billion in Blackstone backed power infrastructure developer Lancium, the company behind Stargate, the Information reported on Friday. Nvidia will get a 20% stake in Lancium for the first $2 billion investment, and
By David Shepardson WASHINGTON, Aug 7 (Reuters) – The U.S. Postal Service reported a $2.5 billion net loss for the fiscal third quarter, nearly $600 million less of a loss than the same quarter last year, and urged a series of actions from Congress to address its mounting financial crisis. U.S. Post
Aug 7 (Reuters) – A federal judge on Friday approved more than $2.5 billion of settlements that New Jersey reached with DuPont, Chemours, Corteva and 3M to resolve claims over pollution attributed to PFAS, also known as “forever chemicals.” • Chief Judge Renee Marie Bumb of the New Jersey federal co
WASHINGTON (AP) — The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’s effort to terminate her over mortgage fraud allegations that she has denied. The j
SYDNEY, Aug 8 (Reuters) – Workers will continue a two-day strike at BHP’s Port Hedland operations in Western Australia as planned, a union official said on Saturday, after the start of the first major industrial action at the iron-ore export hub in more than two decades. About 150 workers are expect
By David Ljunggren OTTAWA, Aug 7 (Reuters) – Canada and the U.S. are discussing a prospective deal in which Ottawa would tackle a list of Trump administration trade demands in exchange for Washington scrapping a threat to impose new tariffs, a source familiar with the talks said on Friday. Trump sla
CHICAGO (AP) — The Federal Aviation Administration this week ordered inspections for hundreds of Boeing planes, following reports of cracks in some older models. The now-finalized rule, which was unveiled Thursday and kicks in Sept. 10, applies to certain aircraft under three Boeing 737 Max models:
By Lisa Baertlein LOS ANGELES, Aug 7 (Reuters) – An early seasonal surge in U.S. container import volume, driven by shippers racing to avoid higher fuel surcharges tied to the U.S.-Israeli war with Iran and new U.S. tariffs, is ending, according to research released on Friday. The Global Port Tracke
Aug 7 (Reuters) – Citi on Friday said it still expects a resolution to the U.S.-Iran conflict, but the prolonged back-and-forth in dealmaking has prompted it to raise its third-quarter average Brent crude forecast to $80 a barrel from $75/bbl previously. Citi maintained its fourth quarter 2026 and f
By Sabrina Valle NEW YORK, Aug 7 (Reuters) – Morgan Stanley has hired diversified industries banker Adam Kweskin to join its Global Industrials Investment Banking Group, according to a person familiar with the matter. Kweskin, who most recently was a managing director in Bank of America’s industrial
By Michael S. Derby Aug 7 (Reuters) – Americans’ outlook for inflation was little changed in July compared to the prior month as households marked up their assessments of their current and future financial situations, a report from the Federal Reserve Bank of New York said on Friday. Inflation a yea
CAIRO (AP) — Yemen’s Iran-backed Houthi rebels claimed responsibility for a series of deadly attacks this week, escalating the conflict between them and Saudi-backed Yemeni forces and raising fears of a wider regional conflagration. The attacks have killed dozens of civilians and troops and also tar
NEW YORK (AP) — Some U.S. adults are using artificial intelligence for financial guidance, but it’s far from the most trusted source of advice, according to a new Gallup survey conducted in partnership with Edward Jones, a financial services firm. About 1 in 5 Americans who have sought financial adv
WASHINGTON (AP) – The Labor Department says American employers unexpectedly cut 23,000 jobs last month, marking a sharp reversal after several months of modest job growth. Federal officials also revised previous reports downward. Payroll figures for May and June were reduced by a combined 103,000 jo
