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
By John O’Donnell and Valentina Za BERLIN, July 24 (Reuters) – Commerzbank Chairman Jens Weidmann on Friday invited UniCredit to open talks on the terms of a merger, as the German lender abandoned its remaining resistance to the unwanted Italian takeover and focused on securing concessions. Commerzb
July 24 (Reuters) – Wall Street’s main indexes opened subdued on Friday after a tech-led selloff in the previous session, as investors digested fresh earnings, escalating Middle East tensions and a new tariff announcement from the Trump administration. The Dow Jones Industrial Average rose 79.7 poin
NEW YORK, July 24 (Reuters) – Bank of America said on Friday it has increased its quarterly common stock dividend by 4 cents or 14%, to 32 cents a share, with its CEO Brian Moynihan citing the lender’s commitment to return excess capital to shareholders. Some banks announced increased dividends, as
TAIPEI, July 24 (Reuters) – Taiwan’s central bank on Friday emphasised its good relations with the U.S. Treasury Department, in response to the Treasury’s latest semi-annual currency report which included Taiwan on its “monitoring list” along with nine other economies. In its statement, the central
July 24 (Reuters) – U.S. equity funds recorded outflows for a second consecutive week as caution ahead of earnings reports from major technology companies and a renewed rise in oil prices weighed on investor sentiment. Investors sold a net $7.34 billion in U.S. equity funds during the week through J
BEIJING (AP) — China announced on Friday it was adding 14 European entities to an export control list in retaliation for the European Union penalizing 14 Chinese enterprises as part of its latest round of sanctions against Russia. Chinese companies will not be allowed to export dual-use items, which
BEIJING, July 24 (Reuters) – Chinese battery giant CATL reported stronger-than-expected second-quarter profit, driven by robust growth in its energy storage business that helped offset softer demand in the electric vehicle market. Net profit rose 36.5% year-on-year to 22.5 billion yuan ($3.32 billio
By Ragini Mathur July 24 (Reuters) – U.S. stock index futures edged higher on Friday after a tech-led selloff in the previous session, as investors weighed fresh earnings, escalating Middle East tensions and a new tariff announcement from the Trump administration. Intel added to the week’s key earni
BRUSSELS (AP) — The European Commission on Friday said it found TikTok had not adequately protected children’s privacy rights on its platform by allowing adults to view the accounts of minors. The action exposed children to cyberbullying, unwanted contact and predatory behavior, commission spokesper
July 24 (Reuters) – American Express increased its full-year revenue growth forecast and beat Wall Street expectations for second-quarter profit on Friday as its affluent customers continued to swipe their cards for travel and dining despite lingering economic uncertainty. Unlike many rivals that ca
By Anna Szymanski July 24 (Reuters) – From the Editor Hello Morning Bid readers! Cash burn and spiking crude prices dominated market headlines this week. The AI capex boom has helped many asset classes ignore the rising geopolitical turmoil of the past seven months, but – like the rest of the world
July 24 (Reuters) – Global equity funds attracted inflows for a ninth straight week through July 22 as investors remained optimistic about a robust earnings season despite an escalation in Middle East tensions and the recent weakness in semiconductor stocks. They bought a net $10.51 billion in globa
SEOUL, South Korea (AP) — A South Korean court on Friday ordered billionaire SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($640 million) in a case that the national media dubbed the “divorce of the century.” The Seoul High Court’s ruling came months after the Supreme Court order
By Lewis Krauskopf NEW YORK, July 24 (Reuters) – A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial
