(Corrects headline to say the filing is for perpetual futures related to a stock index, not the S&P 500; removes reference to S&P 500 from paragraph 1) Aug 18 (Reuters) – Prediction market startup Kalshi filed with the U.S. Commodity Futures Trading Commission (CFTC) on Tuesday to launch equity inde
(AP) – A high-stakes trade showdown between the United States and Canada is heading toward a midnight deadline, as President Donald Trump continues pressing America’s northern neighbor for what supporters say is a fairer and more balanced trading relationship. The White House and Canadian Prime Mini
Aug 18 (Reuters) – Mark Walter’s Delaware Life Insurance Co is set to cut as much as $6.5 billion in investments in his businesses after facing regulatory heat over the billionaire’s financial dealings, a holding company of Los Angeles Dodgers owner said on Tuesday. TWG Global, Walter’s holding comp
Aug 18 (Reuters) – Wall Street’s main indexes opened lower on Tuesday, as diminishing prospects for a peace deal between the U.S. and Iran kept oil prices elevated and government bond yields at multi-year peaks. The Dow Jones Industrial Average fell 105.3 points, or 0.20%, to 53,354.43 at the open.
By Rajesh Kumar Singh CHICAGO, Aug 18 (Reuters) – American Airlines said on Tuesday it would add more premium seats and restore seatback entertainment screens on its narrowbody jets, stepping up its bet on higher-spending travelers as it tries to narrow a wide profit gap with Delta Air Lines and Uni
By David Shepardson WASHINGTON, Aug 18 (Reuters) – Disney and its ABC unit sued the Federal Communications Commission on Tuesday to block an early review of licenses for eight ABC stations, arguing the Trump administration is trying to punish the network over its broadcast content. President Donald
Aug 18 (Reuters) – Goldman Sachs will buy commercial real estate investor LCN Capital Partners for as much as $410 million, the Wall Street bank said on Tuesday. Goldman will pay about $260 million upfront for LCN, with a further potential payout of up to $150 million tied to future performance targ
Aug 18 (Reuters) – Einride AB said it expects revenue growth rate to more than double in the second half of the year and announced a deal to add 500 Tesla Semi trucks to its fleet, sending its shares soaring 12% in early trading on Tuesday. The Swedish freight technology company said the first Tesla
Home Depot’s sales improved during its second quarter as customers focused on smaller projects during the summer months with the U.S. housing sector still mired in a slump. Revenue increased to $47.86 billion from $45.28 billion, edging out the $47.24 billion that Wall Street had expected, according
Inflation can be scary for retirees. True, Social Security provides inflation increases in line with the consumer price index, or CPI. But any portfolio income, save allocations to inflation-protected bonds, isn’t inherently inflation-protected. And if inflation occurs early in your retirement, thos
By Dawn Chmielewski, Rollo Ross, Harshita Mary Varghese and Lisa Richwine LOS ANGELES, Aug 18 (Reuters) – When Craig Williams opened his production facility in downtown Los Angeles two years ago, he thought he would rent out the converted furniture warehouse for the occasional music video to sustain
By Nicholas P. Brown and Juveria Tabassum Aug 18 (Reuters) – As Walmart’s same-store sales growth has leveled off and a cautious annual outlook dented its stock, investors are increasingly looking to the retailer’s advertising business to support profits. Walmart Connect has helped the company maint
By Gertrude Chavez-Dreyfuss, Ankur Banerjee and Harry Robertson NEW YORK/SINGAPORE/LONDON, Aug 18 (Reuters) – Persistently higher yields at U.S. Treasury auctions are increasing the cost of refinancing debt and funding future deficits, as investors demand greater compensation to absorb Washington’s
By Hannah Lang Aug 18 (Reuters) – As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations. Deep-pocketed crypto
Aug 18 (Reuters) – Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as resilient demand for smaller repair-and-maintenance projects helped offset a sluggish U.S. housing market. The world’s largest home-improvement retailer said sales increased 5.7% to $47.86 bil
By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) – Futures tied to the S&P 500 and Nasdaq slipped on Tuesday, with oil holding near recent highs and government bond yields hitting multi-year peaks as chances of a peace deal between the U.S. and Iran waned, rekindling inflation concerns. Iran w
BEIJING, Aug 18 (Reuters) – Chinese autonomous driving firm Pony.ai said on Tuesday that its pipeline of planned and potential overseas robotaxi deployments has expanded to more than 4,000 vehicles. The company posted a strong second quarter with total revenue rising 68.8% from a year earlier to $36
LONDON, Aug 18 (Reuters) – Long-term borrowing costs from the United States to Japan and Germany rose to their highest levels in decades on Tuesday, as renewed inflation worries added to lingering concerns of fiscal pressures across major economies, dealing bond markets a fresh blow. Thirty-year bon
By Ankur Banerjee SINGAPORE, Aug 18 (Reuters) – U.S. 30-year Treasury yields rose to their highest level since 2007 on Tuesday as stalled talks to end the U.S.-Iran war and worries of an imminent escalation sent oil prices above $90 a barrel, fanning fears of inflation and jolting markets. Rising co
By Melanie Burton MELBOURNE, Aug 18 (Reuters) – Glencore could leap into top market indices within six months of listing in Australia as fund managers’ copper appetite may outweigh concerns over thermal coal exposure, analysts and investors said following briefings on the listing. Glencore, the worl
Aug 18 (Reuters) – Mexican petrochemical firm Braskem Idesa, a joint venture of Brazil’s Braskem and Mexico’s Grupo Idesa, filed for Chapter 11 bankruptcy in the U.S. on Tuesday after reaching agreements with creditors and shareholders to cut debt by more than $920 million. The company said it expec
Aug 18 (Reuters) – The Combined BHP Ports Unions said on Tuesday that it had failed to reach an agreement with BHP on a wage deal for workers at its Port Hedland operations in Western Australia, with the two sides expected to resume talks on August 25. The company has spent months at the bargaining
By Hugo Lhomedet and Emma Rumney Aug 18 (Reuters) – Fast-growing nicotine pouches have emerged as one of Big Tobacco’s most important bets on a future beyond cigarettes, offering rapid growth, attractive margins and, for now, lighter regulation than many rival smoking alternatives. Investors are inc
A look at the day ahead in European and global markets from Gregor Stuart Hunter Government borrowing costs are rising to levels not seen in decades as the conflict in the Middle East worsens and investors fear the effect on inflation. The yield on the 30-year Treasury bond hit its highest level sin
TOKYO (AP) — Asian shares declined in early Tuesday trading, as rising oil prices and worries about inflation worked as a dampener on some markets, countering the optimism that had come from robust corporate earnings reports. Japan’s benchmark Nikkei 225 dipped 1.6% to 68,098.54. Australia’s S&P/ASX
SINGAPORE, Aug 18 (Reuters) – Singapore’s United Overseas Bank, or UOB, has appointed Tan Choon Hin as head of ASEAN and Greater China, effective September 1, it said in a statement on Tuesday. Here are more details: • The new role will see Tan, who is currently UOB’s deputy chief risk officer, driv
BOGOTÁ, Colombia (AP) — Colombian superstar Shakira announced Monday that she will help rebuild at least 10 schools and restore a local university in a remote and hard-hit region of her home country after it suffered a devastating earthquake last week that killed hundreds and affected thousands of e
By Ankur Banerjee SINGAPORE, Aug 18 (Reuters) – The U.S. dollar held near multi-month lows against most major currencies on Tuesday as traders walked back expectations of near-term monetary tightening, although the imminent threat of an escalation in the Middle East war left sentiment fragile. The e
By Gregor Stuart Hunter SINGAPORE, Aug 18 (Reuters) – Bond yields climbed on Tuesday to their highest in decades, with oil prices rising for a third day, while stocks gave up early gains in Asian trade as a U.S.-Iran truce expired and Tehran threatened to adopt a “fully offensive” military posture.
By Ishaan Arora Aug 18 (Reuters) – Oil prices rose on Tuesday as a deal to end the Middle East war seemed further out of sight with Iran saying it will adopt a more offensive stance and the U.S. ruling out extending a ceasefire agreement, heightening worries about energy supply. Iran will shift to a
