Aug 25 (Reuters) – A look at the day ahead in European and global markets from Rae Wee It’s been a muted start to the session in Asia on Tuesday, with stocks drifting ahead of Nvidia’s earnings this week, where expectations are running sky high for the artificial intelligence darling to deliver stel
(SRN NEWS) – The Supreme Court has opened a path for the Trump administration to begin implementing an executive order that would restrict how mail-in ballots are delivered—but the justices stopped short of ruling on whether the order itself is legal. The court’s decision came Monday in an emergency
By Jiaxing Li HONG KONG, Aug 25 (Reuters) – The U.S. dollar struggled to hold onto gains against major peers on Tuesday, as investors parsed Washington’s expanded Iran-related sanctions and renewed efforts to ease pressure on longer-dated Treasury yields. The euro was a shade higher at $1.1668, hove
By Rae Wee SINGAPORE, Aug 25 (Reuters) – Asia shares slipped on Tuesday while oil prices extended losses, after threats from the U.S. for an “economic D-Day” of sanctions on Iran turned out to be a damp squib. U.S. Treasury yields were off their recent highs following a report that the Treasury Depa
By Ishaan Arora Aug 25 (Reuters) – Oil prices steadied on Tuesday, after falling more than 2% in the previous session, as investors assessed the impact of harsher U.S. secondary sanctions against Iran. Brent crude futures were down 9 cents, or 0.1%, at $92.16 by 0104 GMT, while U.S. West Texas Inter
Aug 24 (Reuters) – Alabama’s attorney general said on Monday the state had opened an investigation into OpenAI after its models hacked technology company Hugging Face last month, raising concerns about how artificial intelligence firms control their powerful systems. Here are a few details: • Last w
AGUA PRIETA, Mexico (AP) — Mexico resumed live cattle exports to the United States on Monday after they were halted for nearly two years by restrictions imposed by the Trump administration following a screwworm outbreak. Even under strict limitations, the reopening of the trade channel brought relie
By Dietrich Knauth NEW YORK, Aug 24 (Reuters) – A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands’ proposal to pay back creditors by pursuing litigation against insiders, instead converting the case to a more straightforward Chapter 7 liquidation. U.S. Bankruptcy Judge Christ
By Sherin Sunny Aug 25 (Reuters) – Australia’s Coles Group reported a softer-than-expected start to fiscal year 2027 on Tuesday as rival Woolworths’ collectibles campaign weighed on its Supermarkets division’s sales growth, sending its shares to a 12-week low. The country’s second-largest grocer sai
By Helen Reid and Simon Jessop LONDON, Aug 25 (Reuters) – Shein is finally going public, but in a far more hostile world than when the Chinese online retail giant’s IPO journey began five years ago. The company has worked hard to address environmental, social and governance (ESG) concerns that have
Aug 24 (Reuters) – The U.S. Department of War on Monday awarded Boeing a $131.23 billion indefinite-delivery/indefinite-quantity (IDIQ) contract to support the F-15 Eagle Crest program, which oversees the F-15 fighter aircraft fleet. • The contract covers aircraft production, systems integration, up
CHICAGO (AP) — Honey. Makeup. Christmas decorations. And hockey sticks. Those are just a few of the hundreds of different Canadian products that President Donald Trump’s administration has slapped with a 50% tax to enter the United States. The new tariffs, which kicked in Saturday, are expected to a
Aug 24 (Reuters) – The U.S. Securities and Exchange Commission is investigating the timing of trades that led to steep losses at AI-focused hedge fund Situational Awareness, a source familiar with the matter told Reuters on Monday. The regulator is also looking into the fund’s communications with le
By Jamie McGeever ORLANDO, Florida, Aug 24 (Reuters) – U.S. bond yields fell and tech weighed on U.S. stocks on Monday, as investors digested a raft of economic measures and developments coming out of Washington: U.S. Treasury’s plans to increase buybacks of long-dated bonds, new ‘economic D-Day’ sa
Aug 24 (Reuters) – Hormel Foods on Monday appointed former Tyson Foods executive Ash Bhumbla as chief financial officer, effective September, as the Skippy peanut butter maker continues with its leadership overhaul. Here are some details: • Bhumbla has previously served in CFO roles for Tyson Foods’
By Anirban Sen and Utkarsh Shetti Aug 24 (Reuters) – The U.S. Securities and Exchange Commission has sent subpoenas to Wall Street banks working with Situational Awareness to seek information about the fund’s trades and use of leverage after its near-collapse last month, a source familiar with the m
By Saeed Azhar, Purvi Agarwal and Niket Nishant NEW YORK, Aug 24 (Reuters) – The S&P 500 and Nasdaq ended lower on Monday, pulled down by technology stocks, as investors weighed fresh U.S. economic pressure against Iran and braced for a week that includes Nvidia earnings and a closely watched inflat
Aug 24 (Reuters) – WestJet flight attendants on Monday voted to accept a tentative agreement that would boost wages by more than 18% over three years, their union said, after they held a strike that caused hundreds of cancellations earlier this month. The airline’s flight attendants also secured dut
By David Lawder and Dan Burns WASHINGTON, Aug 24 (Reuters) – The U.S. Treasury will continue with its regularly scheduled debt auctions, including for long-dated bonds, despite its move to increase buyback sizes of 10- to 30-year securities, Treasury Secretary Scott Bessent said on Monday. Asked at
By Siddharth Cavale and Shariq Khan NEW YORK, Aug 24 (Reuters) – Prices for U.S. ethanol blending credits plunged on Monday to their lowest levels in more than four months, market sources said, after the Environmental Protection Agency said it would extend a September 1 compliance deadline for refin
Aug 24 (Reuters) – Tesla has stopped selling premium solar roof tiles on its website, nearly a decade after CEO Elon Musk launched the product as a more attractive alternative to panels. • Tesla’s solar roof url now redirects to a solar panels offering. • Discontinuation of the product was first rep
TORONTO (AP) — Prime Minister Mark Carney said Monday that U.S. trade demands confirmed Canada’s fears that U.S. President Donald Trump was seeking to dismantle its auto industry, as Trump threatened new 50% tariffs on Canadian vehicles, auto parts and steel, and as Ontario Premier Doug Ford warned
Aug 24 (Reuters) – U.S. is set to impose a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity before a planned summit between Chinese President Xi Jinping and U.S. President Donald Trump next month, Bloomberg News reported on Monday citing people familiar with the matter.
LONDON (AP) — British Prime Minister Andy Burnham said Monday that the U.K. will help Ukraine make its own long-range missiles by sharing classified technical information for British components. Burnham, who was in Kyiv alongside other international leaders for Ukraine’s Independence Day, said defen
The U.S. reopened a border crossing in Arizona to cattle from Mexico on Monday as part of a broader effort by the Trump administration to reduce record-high beef prices, though economists doubt the move will mean much to grocery store shoppers. The U.S. Department of Agriculture has said concerns ab
By Jody Godoy Aug 24 (Reuters) – California Attorney General Rob Bonta canceled a meeting with Paramount Skydance representatives scheduled for Monday to begin settlement acquisition of Warner Bros Discovery, his office talks over the state’s lawsuit seeking to block Paramount’s proposed said. Param
Aug 24 (Reuters) – Wall Street’s main indexes opened lower on Monday as investors weighed the U.S. pledge of an “economic D-Day” against Iran while awaiting AI giant Nvidia’s quarterly results and a closely watched inflation report later this week. The Dow Jones Industrial Average fell 15.1 points,
Iran warned that U.S. sanctions set to be announced Monday would not bring peace to the region. Meanwhile, Israeli and Syrian officials met less than a week after Israeli strikes in Syria. And Israel said it killed a Hamas commander in Gaza. Here’s a look at the latest developments in the Iran war a
By Emma Rumney LONDON, Aug 24 (Reuters) – Philip Morris International and Altria said on Monday they had entered contract manufacturing arrangements with one another, as Altria looks to grow cigarette imports and exports and take advantage of a tax rebate. The rebate, known as the “double duty drawb
By Purvi Agarwal and Niket Nishant Aug 24 (Reuters) – The S&P 500 and the tech-heavy Nasdaq slipped on Monday as investors weighed the potential fallout from the U.S. pledge of an “economic D-Day” against Iran while awaiting AI giant Nvidia’s results and a key inflation report later this week. The m
