By Leika Kihara TOKYO, Aug 5 (Reuters) – U.S. Treasury Secretary Scott Bessent’s public views on Japan’s monetary policy have all but locked the central bank into an interest rate hike at its September meeting and raised questions about Washington’s influence over domestic policy. Bessent has had a
Aug 5 (Reuters) – Contracts tracking the S&P 500 and the Dow edged up on Wednesday on hopes of a Middle East peace breakthrough, while Nasdaq futures lagged as upbeat forecasts from SpaceX and AMD failed to impress investors. Elon Musk-led SpaceX’s revenue nearly doubled and operating losses narrowe
BERLIN (AP) — A drone sighting and the discovery of a suspicious object at Germany’s Leipzig/Halle Airport led to flight disruption during the night, and one runway remained closed on Wednesday, authorities said. Several flights, including one passenger plane, were diverted to other airports after t
Aug 4 (Reuters) – Polymarket is seeking to raise funds at a valuation of more than $20 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The prediction markets platform is holding early discussions to raise about $1 billion in the funding round, the report added. R
CAIRO (AP) — U.S. President Donald Trump said a deal on the Strait of Hormuz could come as early as Wednesday, as Iran and Oman inched toward an agreement to reopen the critical waterway and potentially help bring an end to the war. Israel and the U.S. originally cited goals including toppling Tehra
BANGKOK (AP) — Asian shares surged and oil prices slipped Wednesday after the U.S. stock market rallied to records, helped by strong corporate earnings reports and hopes for a deal setting the stage for talks that might eventually lead to an end to the war in Iran. Benchmarks jumped more than 3% in
August 5 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian markets have followed through on Wall Street’s record close with gains in the major semiconductor stocks, ignoring setbacks in SpaceX and AMD as they failed to meet sky-high expectations. The Kospi add
By Renju Jose SYDNEY, Aug 5 (Reuters) – Jetstar, the budget arm of Australia’s national carrier Qantas, will require passengers who want to store carry-on bags in overhead lockers to pay extra from February, as the airline overhauls its cabin baggage policy. The carrier will allow one bag that can f
TOKYO, Aug 5 (Reuters) – Japanese Prime Minister Sanae Takaichi asked the Bank of Japan to buy more government bonds when necessary to curb rises in long-term interest rates during a meeting with BOJ Governor Kazuo Ueda in May, Jiji news agency reported on Tuesday. At the meeting, Takaichi called on
CAIRO (AP) — Iran and Oman are inching toward a deal to reopen the disputed Strait of Hormuz and potentially help bring an end to the war. The emerging agreement calls for ships to enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman, two regional of
By Suzanne McGee and Akash Sriram PROVIDENCE, Rhode Island, Aug 4 (Reuters) – The next test for SpaceX investors following its first earnings report as a public company comes on Thursday, when as many as 912 million shares held by employees and other pre-IPO stakeholders become eligible for sale. In
By Kalea Hall DETROIT, Aug 5 (Reuters) – General Motors has renewed its joint venture with China’s SAIC Motor Corp for another 20 years, enabling the U.S. automaker to use China as an export hub amid rising competition from Chinese brands in and outside their home market. The extension announced on
By Jeslyn Lerh SINGAPORE, Aug 5 (Reuters) – Oil extended losses on Wednesday as investors waited to see if efforts to end the Iran war and restore traffic through the blockaded Strait of Hormuz were making progress. Brent crude futures were down 32 cents, or 0.4%, to $79.04 a barrel at 0630 GMT. U.S
By Jiaxing Li HONG KONG, Aug 5 (Reuters) – Currency markets paused for breath on Wednesday as pressure on the Japanese yen eased following recent bouts of intervention and a forceful show of U.S. support, while the dollar held near six-week lows on fresh optimism over the Middle East. The yen was sl
By Leika Kihara TOKYO, Aug 5 (Reuters) – Bank of Japan policymakers debated mounting price risks that likely required more rate hikes even as they raised borrowing costs to a 31-year high in June, minutes of the meeting showed on Wednesday, highlighting the central bank’s increased focus on broadeni
By Wayne Cole SYDNEY, Aug 5 (Reuters) – Asian stock markets jumped on Wednesday as robust earnings and renewed appetite for tech propelled Wall Street to record highs, while hopes for progress on opening the Strait of Hormuz pushed down on oil prices and bond yields. Japan’s Nikkei climbed 3.0% and
By Michael S. Derby Aug 4 (Reuters) – Federal Reserve Bank of Kansas City President Jeff Schmid said on Tuesday that some sort of monetary policy tightening is needed to get “too high” inflation back to the 2% target. “The economy appears to be performing well with the notable exception of inflation
US stocks hit records as profits keep piling up for Palantir and others, while oil prices ease NEW YORK (AP) — The U.S. stock market rallied to records as companies kept piling up profits and oil prices eased. The S&P 500 shot up 1.8% Tuesday, and the main measure of Wall Street’s health topped its
By Jaspreet Singh Aug 4 (Reuters) – Image-sharing platform Pinterest forecast slower revenue growth for the third quarter on Tuesday, a sign of tough competition for digital advertising from bigger players including Meta’s Instagram, sending its shares down 9% in extended trading. Pinterest has been
Aug 4 (Reuters) – Arista Networks forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its networking gear as companies expand their AI infrastructure. The company has been expanding beyond its core cloud customer base into enterprise campus and branch
Aug 4 (Reuters) – Mattel on Tuesday topped analysts’ estimates for second-quarter revenue and reaffirmed its annual forecasts, but profit fell short as tariff-related costs squeezed the toymaker’s margins. The company posted an adjusted profit of 1 cent per share, missing expectations of 4 cents per
Aug 4 (Reuters) – Emerson Electric posted third-quarter profit and revenue above Wall Street expectations on Tuesday, as demand for industrial automation in North America and Asia remained robust. The company benefited from strong demand for its automated, software-connected test and measurement sys
CHICAGO (AP) — Chipotle Mexican Grill said Tuesday that it had removed jalapeños from some of its restaurants after determining the peppers could potentially be tied to a salmonella outbreak public health officials are investigating. In a brief statement, Chipotle maintained that the “health and saf
By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) – World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and boosting investor sentiment also. In my
Aug 4 (Reuters) – Casino operator Wynn Resorts beat Wall Street expectations for second-quarter profit and revenue on Tuesday, driven by strong business in its Macau properties, sending its shares up 6% after the bell. Wynn also said that Wynn Al Marjan Island, set to be the UAE’s first casino resor
By Tom Polansek CHICAGO, Aug 4 (Reuters) – Sysco, the biggest U.S. food distributor, has stopped buying iceberg lettuce from Mexico due to the U.S. cyclosporiasis outbreak, CEO Kevin Hourican said on Tuesday. The move shows how the largest U.S. outbreak of cyclosporiasis on record has forced adjustm
By Anshuman Tripathy Aug 4 (Reuters) – Booking Holdings beat Wall Street estimates for second-quarter profit on resilient U.S. domestic travel, but trimmed its annual gross bookings forecast as the online travel firm navigates the fallout of the conflict in the Middle East. Shares of the Norwalk, Co
By Abhirup Roy SAN FRANCISCO, Aug 4 (Reuters) – Lucid plans to launch its more affordable EVs in the second half of 2027, delaying the planned rollout from late this year, its CEO said on Tuesday, as the company carries out a major business review and cuts costs. The EV maker’s shares were down abou
BEIRUT (AP) — An oil spill caused by leakage from a U.K.-sanctioned tanker grounded for weeks off Oman appears to be expanding dramatically, reaching shorelines and far out to sea, according to experts and satellite images reviewed by The Associated Press. Greenpeace Germany said in a statement Mond
By Deena Beasley and Puyaan Singh Aug 4 (Reuters) – Gilead Sciences on Tuesday reported second-quarter product sales rose 8%, led by double-digit gains for its HIV drugs, but it posted a quarterly loss due to costs related to a series of acquisitions. The company’s overall revenue rose 10% to $7.8 b
