Millions of people will get to experience — and film or photograph — a rare total solar eclipse set to sweep over parts of Europe next week. The event is expected to boost tourism to Spain as eclipse enthusiasts flock to a swath of the country’s north that will be in the path of total darkness on Au
By Nora Eckert DETROIT, Aug 6 (Reuters) – Ford Motor said on Thursday that its upcoming midsize electric pickup truck would be priced starting at about $28,000 and named Fathom, as the Michigan automaker looks to offer an affordable model in a market full of pricey EVs. • Ford has approached develop
WASHINGTON, Aug 6 (Reuters) – U.S. worker productivity grew faster than expected in the second quarter and further gains are likely as businesses invest in artificial intelligence, which is expected to keep wage inflation contained. Nonfarm productivity, which measures hourly output per worker, incr
Aug 6 (Reuters) – Alphabet is looking to raise as much as $25 billion from its latest U.S. bond offering, Bloomberg News reported on Thursday citing people familiar with the matter, weeks after the tech giant’s 2026 capital spending outlook triggered a selloff. The company is offering notes in as ma
BANGKOK (AP) — Asian shares were mostly lower and South Korea’s Kospi dropped more than 4% on Thursday following declines for some Big Tech giants including memory chipmaker SK Hynix. Oil prices held steady, with Brent crude trading near $79 a barrel. Uncertainty about the direction of the U.S. war
Aug 5 (Reuters) – OpenAI asked a U.S. judge on Wednesday to dismiss Apple’s lawsuit accusing it and two former Apple employees of misappropriating the iPhone maker’s trade secrets to benefit the ChatGPT maker’s foray into consumer hardware. “OpenAI has no use, need or desire for Apple’s trade secret
BEIJING, Aug 6 (Reuters) – China’s export growth likely lost some steam last month after June’s blistering surge, but remained robust, a Reuters poll showed, powered by global demand for AI-related goods and a rush of shipments by factories ahead of expected higher U.S. tariffs. Trade figures due fr
A look at the day ahead in European and global markets from Satoshi Sugiyama In “Learning to Fly”, Tom Petty sang that what goes up must come down. For AI-related stocks, that looks a lot less like a lyric than a trading pattern. Tech-heavy South Korea’s KOSPI shed 4% in Asia on Thursday after surgi
By Marc Jones LONDON, Aug 6 (Reuters) – A few years ago, when almost every bank research note seemed to focus on soaring U.S. tech stocks, veteran emerging market fund manager Carlos von Hardenberg was struggling to get investors interested in anything else. Not any more. Now the AI boom has lit a r
SYDNEY, Aug 6 (Reuters) – Qantas and an Australian pilots’ union said on Thursday they had reached a provisional agreement on a wage deal after the airline’s long-haul pilots this week voted in favour of industrial action, including 24-hour stoppages and delayed sign-ons. The deal would cover about
Aug 6 (Reuters) – Bain Capital said on Thursday it will acquire bubble tea chain Gong cha from TA Associates and other shareholders, extending the U.S. private equity firm’s push into food and beverage investments. Here are some more details: • Bain Capital did not disclose the value or terms. Reute
KARAK, Malaysia (AP) — Malaysian durian orchard owner Stephen Chow’s workers spend hours in the fields in the dead of night, donning headlamps to collect freshly ripened fruit coveted by Chinese consumers. But the hard work may not be enough to keep Chow out of the red. Durian lovers prize the Malay
SINGAPORE, Aug 6 (Reuters) – About one-third of Singapore’s exports to the U.S., worth S$9.5 billion ($7.4 billion), will be affected by a new U.S. tariff of 12.5% imposed on July 24, Trade Minister Gan Kim Yong said. Here are the details: • Gan said in parliament on Wednesday that the tariffs impos
Italy Orders Israeli Companies Removed From Rome Airport Counter-Drone Project By The Media Line Staff In a decision carrying significant diplomatic as well as legal implications, Italy’s Council of State has ordered “Aeroporti di Roma” (ADR) to replace the Israeli consortium responsible for the cou
By Satoshi Sugiyama TOKYO, Aug 6 (Reuters) – Asian shares took a breather on Thursday after an AI-driven surge the previous day, while oil prices traded in a tight range as markets assessed prospects for an Iran peace deal. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.69%, led b
By Michael S. Derby Aug 5 (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday she was “completely supportive” of the decision last week to hold interest rates steady as the central bank gathers more data about how it should respond to inflation that is well above
By Yuka Obayashi TOKYO, Aug 6 (Reuters) – Oil prices slipped on Thursday as investors assessed whether progress in Iran-Oman talks could pave the way for a U.S.-Iran peace deal to end the five-month war and reopen the Strait of Hormuz. Brent crude futures fell 37 cents, or 0.5%, to $79.08 a barrel b
By Andre Romani SAO PAULO, Aug 5 (Reuters) – MercadoLibre on Wednesday reported a third consecutive quarterly decline in profit, as heavier spending on free shipping and credit-card expansion weighed on margins, overshadowing record revenue and sending its shares lower in after-hours trading. Shares
Aug 5 (Reuters) – Faux meat-products maker Beyond Meat forecast third-quarter revenue above Wall Street estimates on Wednesday, as resilient demand in its international segment helped counter declining U.S. sales. Here are the details: • Beyond Meat, which struggled to revive the initial enthusiasm
By Manya Saini Aug 5 (Reuters) – Block raised its full-year gross profit forecast on Wednesday after delivering market-beating second-quarter results on the back of resilient consumer spending, strong growth at Cash App and improved margins. Cash App has largely fended off competition by evolving be
By Neil J Kanatt Aug 5 (Reuters) – DoorDash on Wednesday forecast third-quarter gross order value and core profit above Wall Street estimates after topping results for the prior three months on sustained demand for food, grocery and convenience deliveries. Consumers prioritizing convenience, includi
Aug 5 (Reuters) – Business payments platform Corpay raised its full-year forecasts and reported higher second-quarter profit on Wednesday, helped by continued growth in its corporate and vehicle payment divisions. Despite economic uncertainty and elevated interest rates, business spending held up th
By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) – Solid corporate earnings and optimism around a peace deal in the Middle East pushed world stocks to new highs on Wednesday, although momentum cooled as investors digested some tech weakness and the latest hawkish remarks on U.S. interest rates fr
Aug 5 (Reuters) – Oil and gas producer APA beat Wall Street estimates for second-quarter profit on Wednesday, as higher crude prices outweighed a decline in output. The U.S.-Israeli conflict with Iran, now in its sixth month, has raised concerns about disruptions to Middle East oil supplies and ship
NEW YORK, Aug 5 (Reuters) – The U.S. Securities and Exchange Commission said on Wednesday it is establishing a specialized enforcement unit focused on accounting and financial reporting cases. • Timothy Zimmerman, who joined the SEC’s Division of Enforcement in May 2026 as a senior advisor, will lea
By Aatreyee Dasgupta and Shivansh Tiwary Aug 5 (Reuters) – Honeywell Aerospace lowered 2026 sales growth forecast and issued a weaker-than-expected earnings outlook on Wednesday, as persistent supply-chain hurdles crimped its ability to meet surging aftermarket demand. The company said supply constr
By Svea Herbst-Bayliss NEW YORK, Aug 5 (Reuters) – JPMorgan Chase is hiring Bank of America executive Amy Lissauer, a veteran adviser to companies facing pressure from activist investors, to bolster its global shareholder engagement practice, according to a memo seen by Reuters. JPMorgan said on Wed
WASHINGTON (AP) — Construction crews working on a new helipad at the White House have taken apart the massive granite seal that would serve as the new landing spot for Marine One, signaling potential delays in the project. Photos captured by The Associated Press on Wednesday show construction worker
By Pooja Menon Aug 5 (Reuters) – Phillips 66 reported a nearly fourfold jump in second-quarter profit on Wednesday, crushing Wall Street estimates, as the Middle East conflict squeezed global fuel supplies and sent U.S. refining margins soaring. U.S. refiners have been among the biggest beneficiarie
CHICAGO (AP) — Video game giant Electronic Arts officially has new owners. The California-based maker of popular titles like “Battlefield” and “The Sims” announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia’s sovereign wealth fund PIF, investment firm Silver Lake Par
