By Shariq Khan and Nicole Jao NEW YORK, July 28 (Reuters) – The American Petroleum Institute opposes tolls or transit fees for vessels crossing the Strait of Hormuz, the top U.S. oil industry trade group’s chief executive Mike Sommers told Reuters in an interview on Tuesday. Reuters reported that Om
By David Lawder WASHINGTON, July 28 (Reuters) – U.S. President Donald Trump said on Tuesday that he does not care about updating the North American trade agreement as Canada disclosed plans to send senior trade officials to Washington for more talks this week amid new tariffs and heightened trade te
NEW YORK (AP) — Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another. The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank, and br
NEW YORK (AP) — A school district in a rural corner of upstate New York is hitting pause on plans to deploy an AI-powered, humanoid robot in the classroom after state education officials, teachers and local residents raised concerns, including the maker’s ties to a company that produces hyper realis
NEW YORK (AP) — 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. The lawsuit claims that the Equa
WASHINGTON (AP) — Five states have agreed to accept nuclear waste from around the country in exchange for federal help developing nuclear energy to create thousands of jobs. The states — Tennessee, Louisiana, Oklahoma, Utah and Idaho — all have Republican governors who say they welcome the chance to
By Prakhar Srivastava July 28 (Reuters) – Visa beat Wall Street estimates for third-quarter revenue and profit on Tuesday, as resilient consumer spending and strong travel demand boosted transaction volumes at the world’s largest payment processor. Consumer spending stayed steady despite inflationar
By Jamie McGeever ORLANDO, Florida, July 28 (Reuters) – 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 growing optimism around peace talks between the U.S. and Iran, while investors also awaited key tech
Minnesota’s first-in-the-nation law banning prediction markets is halted in federal court HARRISBURG, Pa. (AP) — A federal judge has temporarily blocked Minnesota’s law banning prediction markets, which was set to take effect Saturday. The decision marks a clash between President Donald Trump’s admi
BOSTON (AP) — eBay Inc. agreed to pay almost $50 million to a Massachusetts couple who said former employees of the company targeted them with threats and bizarre anonymous deliveries — including live insects, a funeral wreath and a bloody pig Halloween mask, according to settlement details released
By David Shepardson WASHINGTON, July 28 (Reuters) – The U.S. aviation regulator on Tuesday proposed new rules to speed up approval of commercial space missions like SpaceX’s rocket and satellite launches by no longer requiring them to follow provisions of 13 environmental and other laws. The Federal
College sports marketing company Learfield saw a 123% increase in female athlete participation in name, image and likeness compensation activities over the 2025-26 fiscal year, the company revealed in a report released Tuesday. Solly Fulp, Learfield’s head of NIL, doesn’t think the rapid surge is a
Andy Lippman, the Los Angeles bureau chief during the O.J. Simpson trial and the L.A. riots during a 39-year career with The Associated Press, has died at age 78. Lippman died at his home in Tucson on July 25, according to his brother, Glenn. He died from multiple system atrophy, a rare brain diseas
By Sanskriti Shekhar July 28 (Reuters) – 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 to bookings due to the travel disruptions caused by the Middle East conflict. Geopolitical uncertaint
IRBIL, Iraq (AP) — Drivers in Iraq’s semiautonomous northern Kurdish region waited in line for hours, some overnight, to buy gasoline in recent days as a fuel crisis gripped the main city, Irbil. Most private gas stations were shuttered Tuesday, with only a handful of government-run stations still s
WASHINGTON (AP) — The Federal Reserve is expected to keep its key interest rate unchanged when it meets Tuesday and 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. The Iran war has reignit
By Elisa Anzolin and Gianluca Lo Nostro MILAN, July 28 (Reuters) – Franco-Italian eyewear group EssilorLuxottica reported a 15% rise in first-half adjusted operating profit on Tuesday, comfortably beating analysts’ expectations, as the Ray-Ban maker benefited from U.S. tariff refunds. EssilorLuxotti
By Dominique Patton PARIS, July 28 (Reuters) – 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 spending elsewhere, suggesting the luxury group’s turnaround efforts are gaining traction. Gucci sales
WASHINGTON (AP) — Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July from 92.2 in June. That’s essentially the same tepid r
By Echo Wang and Rohith Nair July 28 (Reuters) – FIFA plans to create a new commercial subsidiary valued at $20 billion, world soccer’s governing body said on Tuesday, as it seeks backing from its 211 member associations for the proposal in a move already criticised by UEFA. The ambitious plan would
By Neil J Kanatt and Koyena Das July 28 (Reuters) – 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 fast-food chain’s growth driver. The crisis is new Yum Brands CEO Chris Turner’s first major challeng
By Jonathan Stempel July 28 (Reuters) – A federal appeals court has revived a proposed class-action lawsuit accusing Chobani of deceiving consumers by falsely advertising some of its Greek-style yogurt as sugar free. • The 7th U.S. Circuit Court of Appeals in Chicago ruled on Monday that consumers c
By Ross Kerber, Bianca Flowers and Simon Jessop July 28 (Reuters) – As U.S. President Donald Trump intensifies his campaign against diversity programs, appointments of women and racial minorities to S&P 500 boards have dropped to their lowest level in more than a decade, threatening to unwind years
By Anirban Sen NEW YORK, July 28 (Reuters) – 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 first-half performance for money managers across most investment strategies, according to a Goldman
By Lucia Mutikani WASHINGTON, July 28 (Reuters) – 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 again subtracting from economic growth in the second quarter. The report from the Commerce Departmen
HONG KONG (AP) — China pushed back Tuesday against claims of overcapacity in the world’s second largest economy, ahead of the release of results of a U.S. probe on the matter that could result in new tariffs. Massive capacity in a slew of Chinese industries, from automaking to solar panels, cement a
WASHINGTON, July 28 (Reuters) – 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. House prices rebounded 0.3% after an unrevised 0.1% dip in April, the Federal Housing Finance Agency said o
SHELBYVILLE, Ky. (AP) — KFC founder Colonel Sanders ‘ pressure cooker, black bow tie and dozens of other personal items are up for public auction, along with his former home and a dinner house Sanders opened after selling his iconic restaurant chain. Harland Sanders, still known as the face of the w
By Doyinsola Oladipo and Nandan Mandayam July 28 (Reuters) – JetBlue Airways on Tuesday reinstated its annual outlook for revenue per available seat mile, a proxy for pricing power, as stronger demand and higher fares helped it recover more of its fuel costs than previously anticipated in the second
July 28 (Reuters) – Textron beat second-quarter profit and revenue estimates on Tuesday, driven by higher aircraft pricing and sustained growth in its Bell helicopter business. • The business jet maker’s Bell unit has been benefitting from the Bell V-280 Valor program, which the U.S. Army designates
