WASHINGTON (AP) — Democratic attorneys general from California and New York sued the Trump administration Tuesday over its plans to buy back offshore wind leases as President Donald Trump seeks to discourage the expansion of wind energy in favor of fossil fuels. California Attorney General Rob Bonta
By Ernest Scheyder Sept 22 (Reuters) – US metals refining startup Nth Cycle has signed a $1 billion offtake agreement with Glencore to supply the commodities giant with lithium and other critical minerals extracted from recycled batteries, a deal that comes ahead of a planned public listing later th
NEW YORK (AP) — Ella Langley’s “Choosin’ Texas,” a simmering, midtempo, country-and-then-some heartbreak song released last October, is indisputably 2026’s biggest hit. “Choosin’ Texas” is also the longest-running No. 1 hit in the U.S., having spent 23 weeks at the top spot on the all-genre Billboar
By Jaspreet Singh Sept 22 (Reuters) – David Ellison is set to take control of two of the biggest news organizations in the US after his Paramount Skydance completes its takeover of Warner Bros Discovery, giving him wide influence over the news media landscape. But experts warn his promise of editori
By Howard Schneider BALTIMORE, Sept 22 (Reuters) – US economic conditions “are, if anything, firming,” with continued consumer spending and strength beyond the boom in artificial intelligence keeping the Federal Reserve’s focus on inflation, Richmond Fed President Tom Barkin said on Tuesday. “The ri
NEW YORK (AP) — DoorDash will pay $131.5 million to settle claims that it underpaid delivery workers in New York City, Mayor Zohran Mamdani announced Tuesday. The agreement, which officials descibed as the largest worker settlement in city history, also requires the company to submit to a new monito
By Michael S. Derby Sept 22 (Reuters) – Boston Federal Reserve President Susan Collins wrote on Tuesday that she supported the US central bank’s decision last week to raise interest rates in the face of risks that future inflation will be above the 2% target. “I now see an increased likelihood of fu
Required minimum distributions are unwelcome for many high-income retirees because of the implications for their tax bills. RMDs are taxed as ordinary income and can have knock-on tax effects, leading to more tax on Social Security benefits and higher Medicare costs. The good news is that the RMD st
By Mohi Narayan NEW DELHI, Sept 22 (Reuters) – Commodity vessels crossing the Strait of Hormuz fell to two on Monday from 10 a day earlier, preliminary shipping data showed on Tuesday. The figures exclude any vessels that might have crossed the strait with their Automatic Identification System trans
By Mike Dolan Sept 22 (Reuters) – The combination of a buzzy reception for Meta’s new AI assistant Muse and softer oil prices was enough to give stocks a lift to start the week, with Mark Zuckerberg’s firm surging more than 11% on demand for its new agent on Monday. The broader AI stock universe, wh
KYIV, Ukraine (AP) — Russia bombarded at least four Ukrainian regions overnight with missiles and drones, killing five people, officials said Tuesday, and Ukraine’s forces damaged another Russian oil refinery in their latest long-range strike. The ongoing exchange of daily aerial attacks, while posi
BRUSSELS (AP) — The European Union and the Philippines have reached substantial agreement on a new free trade deal, the latest bilateral agreement that Brussels is pursuing as it seeks to diversify its economy amid tensions with traditional trading partners including China, Russia and the United Sta
By Johann M Cherian and Tharuniyaa Lakshmi Sept 22 (Reuters) – Wall Street’s main indexes were steady on Tuesday, following strong AI-driven gains in the previous session, while investors awaited potential talks between the United States and Iran that could end their six-month-old conflict. Brent cr
By Gertrude Chavez-Dreyfuss NEW YORK, Sept 22 (Reuters) – The market for highly rated corporate credit has split in two: bonds issued by AI-related firms are being met with caution, while those sold by so-called traditional issuers such as financial and industrial firms are prompting spirited biddin
Sept 22 (Reuters) – As China and the US race to build separate AI supply chains, investors are playing both sides, with US banks fundraising for AI upstarts in China and Chinese money flowing to US tech. The stakes are sizable, with Wall Street banks acting as bookrunners on 19 Chinese high-tech equ
Sept 22 (Reuters) – Australia’s IDP Education said on Tuesday it had rejected a roughly A$694.7 million ($493.79 million) takeover proposal from Blackstone, saying the approach substantially undervalued the company. Blackstone Singapore on September 9 offered A$2.50 per share in cash, representing a
HONG KONG (AP) — China’s Alibaba unveiled new artificial intelligence chip technologies and plans for more powerful models on Tuesday, including what it said was China’s most powerful AI chip, days ahead of a meeting between Chinese and U.S. leaders at which competition to lead on AI technology is e
Sept 22 (Reuters) – The US auto safety regulator on Tuesday closed an investigation into rear-view camera failures in 129,092 Honda Ridgeline pickup trucks, recalled in 2022, without further action. The National Highway Traffic Safety Administration opened a recall query in 2024 and upgraded the rev
By Joanna Plucinska Sept 22 (Reuters) – Germany’s TUI narrowed its outlook for 2026 underlying operating earnings on Tuesday, saying war in the Middle East meant customers were making later bookings, although demand was strong into the fourth quarter. Shares in TUI, Europe’s largest tour operator, w
By David Kirton and Nicoco Chan CHANGZHOU, China, Sept 22 (Reuters) – A US battery startup that scrapped plans to make Kentucky the site of its first factory has instead built it in China, exposing the limits of President Donald Trump’s efforts to lure manufacturing home just as he welcomes Chinese
BANTEN, Indonesia (AP) — All signs are pointing toward a record-breaking El Nino this year, which experts say may cause severe drought in Asia and other extreme weather across the world, threatening food security for millions of people. El Nino is part of a natural climate cycle of warming ocean tem
WASHINGTON (AP) — State visits usually occur when two countries are on warm terms, but U.S. President Donald Trump is hosting Chinese leader Xi Jinping in Washington this week as their economic and tech competition is only escalating, especially through an artificial intelligence race. Neither expec
TOKYO (AP) — Asian shares mostly rose early Tuesday, as the market mood turned positive from the overnight rally on Wall Street. Australia’s S&P/ASX 200 added 02% in early trading to 8,748.20. South Korea’s Kospi jumped 1.6% to 7,120.25. Hong Kong’s Hang Seng gained nearly 0.6% to 25,185.26, while t
By Elisa Anzolin and Helen Reid MILAN/LONDON, Sept 22 (Reuters) – Glitzy runway shows by the world’s biggest fashion brands in Milan and Paris mask a worrying picture for luxury executives behind the scenes: a slowdown that appears to be getting worse as war in the Middle East rages on. Investors ar
HONG KONG, Sept 22 (Reuters) – China’s new rule to chase income tax on offshore trusts, a popular structure adopted by many Hong Kong and US-listed Chinese companies’ shareholders, could pose short-term risks on certain shares as payment deadline approaches, according to BofA Securities • Offshore-l
A look at the day ahead in European and global markets from Ankur Banerjee Investor enthusiasm for the AI trade is well and truly back after a strong reception to Meta Platforms’ Muse assistant since its US launch revived optimism, while stalling oil prices also buoyed risk sentiment. The spotlight
Sept 22 (Reuters) – Oil prices gained for the first time in five sessions on Tuesday as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged through the Strait of Hormuz over the weekend. The Brent crude futures Novemb
SYDNEY, Sept 22 (Reuters) – New Zealand’s top central banker said on Tuesday if recent gains in oil prices persist it would lead to “somewhat” higher inflation than previously forecast, adding that there remained significant risks to the country’s economic recovery. In notes from a speech given in D
BEIJING (AP) — The U.S. and China have made uneven progress in fulfilling the trade commitments announced after their two leaders met in Beijing in May. As U.S. President Donald Trump and Chinese leader Xi Jinping sit down in Washington this week, the question is whether their second face-to-face me
By Ruma Paul and Sam Jahan SAVAR, Bangladesh, Sept 22 (Reuters) – A gas and power crisis has hit production at most Bangladeshi garment makers, but at 4A Yarn Dyeing, a supplier to Walmart, Gap and Next, workers stitch hoodies and attach brand logos uninterrupted, at least for now. Since 2019, 4A ha
