WASHINGTON, July 31 (Reuters) – Chrysler-parent Stellantis said Friday it will recall just over 1.5 million Ram 1500 pickup trucks worldwide over a seat belt issue. The recall covers 2019–2026 Ram 1500 vehicles that may have been built with a second-row center or second-row driver side seat belt buc
By David Lawder July 31 (Reuters) – The U.S. Treasury has informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should “stand ready for future action,” a source familiar with the matter told Reuters. The notice to banks, channeled through the Federal Res
July 31 (Reuters) – The Nasdaq opened higher on Friday, boosted by Amazon’s 12% jump after the Big Tech company joined some of its peers in delivering strong cloud revenue growth, putting to rest concerns about AI returns. The Dow Jones Industrial Average rose 27.0 points, or 0.05%, at the open to 5
WASHINGTON, July 31 (Reuters) – U.S. labor costs increased slightly more than expected in the second quarter as private-sector wage growth picked up, government data showed on Friday. The Employment Cost Index (ECI), the broadest measure of labor costs, climbed 0.9% last quarter after advancing by t
By Javi West Larrañaga and Gemma Guasch July 31 (Reuters) – Amadeus’ CEO said on Friday that air travel bookings were improving after the Iran war hit the travel technology company’s second-quarter results, adding that the worst impact was likely now over. The turmoil in the Middle East caused an in
July 31 (Reuters) – Colgate-Palmolive on Friday reaffirmed its annual sales forecast even after posting a quarterly rise as the toothpaste maker continues to grapple with muted demand in North America, sending its shares down 2.5%. Higher food and fuel prices tied to the Middle East conflict have hi
By Gertrude Chavez-Dreyfuss NEW YORK, July 31 (Reuters) – A sharp shift towards a steeper U.S. Treasury bond curve following the Federal Reserve’s decision to leave interest rates unchanged this week has raised concerns about the central bank’s credibility and willingness to fully confront inflation
BRUSSELS (AP) — The European Union rolled out a new team on Friday to rein in AI companies across the world, in one of the most aggressive regulations the high-tech sector has so far faced as fears rise over the risks the rapidly advancing technology poses to people, politics and prosperity. Brussel
By Ann Saphir July 31 (Reuters) – Federal Reserve Chairman Kevin Warsh’s emphatic declarations on Wednesday that inflation would be brought down without signaling a readiness to raise interest rates triggered a sharp selloff in bonds that may force a hard choice: defying President Donald Trump’s des
By Lewis Krauskopf NEW YORK, July 31 (Reuters) – U.S. employment data and a batch of corporate results this coming week will keep equity investors on edge over the direction of the stock market, which has been buffeted by geopolitical tensions, uncertain interest-rate policy and sizable moves in hea
July 31 (Reuters) – Global equity fund inflows rose to their highest in three weeks during the week to July 29, as investors snapped up technology sector funds during a market downturn, anticipating that the AI-driven advance has further to go. Investors bought global equity funds worth a net $27.21
July 31 (Reuters) – Linde, the world’s largest industrial gases company, said on Friday it had secured a new long-term agreement to supply ultra-high-purity industrial gases to one of the world’s largest semiconductor manufacturers and would invest about $1 billion in Arizona. As semiconductor manuf
July 31 (Reuters) – Universal Music Group shares plunged 23% on Friday after the world’s largest music company reported slower growth in subscription revenue, raising concerns about its streaming momentum. Subscription revenue growth slowed to 6.7% from 7.9% in the first quarter. Vivendi, UMG’s larg
By Shadia Nasralla and Yamini Kalia July 31 (Reuters) – BP wants to sell its British oil and gas fields in the North Sea as new Chief Executive Officer Meg O’Neill accelerates a sweeping portfolio overhaul aimed at improving profitability. A day earlier British Prime Minister Andy Burnham said he pl
By Jonathan Stempel NEW YORK, July 31 (Reuters) – New York’s attorney general sued Kalshi on Friday, claiming that its prediction market platform violates state laws against illegal gambling. In a petition filed in a state court in Manhattan, Attorney General Letitia James said Kalshi failed to obta
A look at the day ahead in European and global markets from Gregor Stuart Hunter What a wild ride. Markets in Asia staged a blistering rally on Friday after the scorching selloff in tech stocks earlier this week, while the yen resumed its descent as the Bank of Japan left interest rates on hold. Sou
SINGAPORE, July 31 (Reuters) – Japanese and South Korean authorities stepped in to buy their currencies in the open market in what sources described was a rare and an unprecedented coordinated market intervention, possibly alongside the United States. The intervention late Thursday lifted the yen aw
TOKYO, July 31 (Reuters) – The yen jumped suddenly against the dollar on Thursday after what market sources said was official yen buying in New York hours, coordinated with intervention by South Korea. It lifted the yen from near four-decade lows and gave it its biggest one-day boost on the dollar i
(Corrects name of company in paragraph 3 to ANZ, not ING) July 31 (Reuters) – Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Ir
BANGKOK (AP) — South Korea’s Kospi index jumped more than 16% on Friday, tracking gains on Wall Street as artificial intelligence-related stocks bounced back after losses earlier this week. U.S. futures edged higher and oil prices slipped. In early Asian trading, the Kospi surged at the open and rat
By Dan Catchpole SEATTLE, July 30 (Reuters) – Boeing said on Thursday it had sent a contract offer to the union representing roughly 17,000 engineers and technical workers in its commercial airplane division. The Society of Professional Engineering Employees in Aerospace’s negotiating team endorsed
By Rae Wee SINGAPORE, July 31 (Reuters) – Asian markets rallied hard with Wall Street on Friday as South Korea’s battered market made a record comeback, stirring hopes that a recent rout in AI-related stocks had run out of steam. The yen was also in the spotlight, holding some distance away from a 4
By Leika Kihara TOKYO, July 31 (Reuters) – Japan conducted yen-buying, dollar-selling intervention in New York on Thursday, a market source said, its first such foray in three months, as the currency’s slump to four-decade lows threatened to worsen living costs hit by the Iran war-driven energy shoc
By Jiaxing Li and Ankur Banerjee HONG KONG, July 31 (Reuters) – The Japanese yen stayed under pressure on Friday after the Bank of Japan kept rates unchanged as markets tested Tokyo’s resolve in the wake of a coordinated intervention to prop up the fragile currency. The dollar extended gains, to tra
NEW YORK (AP) — Amazon said it will be increasing this year’s capital spending on technology, mostly artificial intelligence, by an additional 10% after the tech and e-commerce giant delivered strong profits and net sales during for fiscal second quarter, helped by surging growth in its prominent cl
By Leika Kihara TOKYO, July 31 (Reuters) – Annual core inflation in Japan’s capital accelerated in July, data showed on Friday, a sign of broadening price pressures from the Middle East conflict that keeps the central bank on track to consider further raise interest rates. Separate data showed facto
Climate change’s fingerprints are all over the extreme fire weather that sparked this week’s devastating wildfires in Spain and France and has spiked Southern Europe’s burning the past eight years, two new studies conclude. Human-caused climate change made the hot and dry conditions responsible for
The U.S. Department of Energy is harnessing the artificial intelligence boom in its bid to convert another Cold War-era uranium enrichment site, tapping private equity to fund a $100 billion data center complex that will include its own new natural gas and battery storage power plant in Kentucky. Th
By Jaspreet Singh July 30 (Reuters) – Reddit said on Thursday that choppy search-engine traffic affected U.S. user growth in the second quarter, overshadowing an upbeat revenue forecast and sending its shares down around 13% in extended trading. The social media company operates in a highly competit
By Leika Kihara TOKYO, July 31 (Reuters) – The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, as mounting price pressures from the weak yen and Middle East conflict risk driving underlying inflation above its target. The ex
