By Lucia Mutikani WASHINGTON, Aug 14 (Reuters) – U.S. retail sales fell in July for the first time in nine months as the boost from big tax refunds faded, suggesting a marked slowdown in consumer spending at the start of the third quarter. The unexpected decline in retail sales reported by the Comme
Aug 14 (Reuters) – U.S. equity funds attracted inflows in the week through August 12, as a softer-than-expected payrolls report and benign inflation data tempered expectations of a Federal Reserve rate hike, boosting appetite for risk assets. Investors purchased a net $2.58 billion in U.S. equity fu
Aug 14 (Reuters) – The Pentagon on Friday announced framework agreements with Boeing and RTX to increase production of components of SM-3 Block IIA and SM-3 Block IB munitions. Both agreements will strengthen production of a series of critical ship-fired surface-to-air interceptors that underpin the
Aug 14 (Reuters) – U.S. stock index futures were subdued on Friday, a day after the S&P 500 closed at a record high, as rising crude prices after the latest developments in the Middle East kept investors cautious. Cooling rate-hike expectations and resilient corporate earnings have put the S&P 500 a
By Anushree Mukherjee Aug 14 (Reuters) – Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East. Brent futures were up 12 cents, or 0.14%, to $87.1
Aug 14 (Reuters) – Global equity funds attracted inflows for a 12th consecutive week through August 12, buoyed by optimism over a strong earnings season and data showing weaker-than-expected U.S. payroll growth and easing inflation, which tempered expectations of a Federal Reserve rate hike. Investo
By Mike Dolan Aug 14 (Reuters) – Even though we’re slipping inexorably into the summer holiday doldrums on world markets, bond anxiety was once again a theme of the early part of this week, threatening to spoil the party for stock markets basking in the glow of bumper, AI-infused second-quarter earn
By Rajesh Kumar Singh CHICAGO, Aug 14 (Reuters) – Airlines are getting grounded jets back into the air. The bills left by a years-long engine crisis are proving much harder to bring down. Air New Zealand offers a glimpse of how those costs can linger. Engine problems at one point left as much as 20%
By Laura Matthews NEW YORK, Aug 14 (Reuters) – Investors head into next week weighing familiar concerns over interest rates, inflation and geopolitical tensions against another robust earnings season that continues to keep stocks supported. With little fresh guidance from policymakers and uncertaint
By Howard Schneider and Ann Saphir GREENVILLE, South Carolina, Aug 14 (Reuters) – Kevin Warsh took over as head of the Federal Reserve in May with monetary policy at a crossroads, officials divided over whether they would need to hike interest rates to control inflation and President Donald Trump de
By Allison Lampert MONTREAL, Aug 14 (Reuters) – Air Canada’s revenue for September and October is likely to break records for the two months as more premium travelers avoid the heat and summer crowds in Europe and Japan, a senior executive said. Large North American airlines have increasingly built
Aug 14 (Reuters) – Shares of social media platform Reddit jumped more than 12% in premarket trading on Friday after S&P Dow Jones Indices said the company would join the benchmark S&P 500 index, replacing AvalonBay Communities. Analysts at J.P.Morgan estimate index funds tracking the S&P 500 could n
SEOUL, Aug 14 (Reuters) – TerraPower and South Korea’s SK Innovation signed on Friday a preliminary global agreement on small modular reactors (SMRs), Seoul’s Industry Ministry said, opening a path for the SK Group affiliate to participate in the U.S. company’s projects at home and abroad. The agree
BANGKOK (AP) — Shares declined Friday in Europe after a mixed session in Asia and U.S. futures were little changed after U.S. inflation data showed a better-than-expected improvement in July. Oil prices resumed climbing after slipping 2% a day earlier. Britain’s FTSE 100 fell 0.3% to 10,744.31 after
BEIJING, Aug 14 (Reuters) – China’s car industry is on a tear overseas, storming markets from Europe to Southeast Asia and heaping pressure on long-established automakers like Toyota Motor and Volkswagen. But it is a different story at home, where car sales have been in steady decline since late las
SINGAPORE, Aug 14 (Reuters) – The yen headed for its biggest weekly loss in about a month on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager that either rate hikes or another round of official buying would be needed to stem the decline. The currency has surrend
By Takaya Yamaguchi and Leika Kihara TOKYO, Aug 14 (Reuters) – The Bank of Japan is set to raise interest rates as soon as September and is considering hiking more aggressively thereafter from the current pace of roughly twice a year, said three sources familiar with its thinking. Such a move would
A look at the day ahead in European and global markets from Ankur Banerjee The yen is back in the intervention zone, but its fate now appears to rest with the Fed’s policy path and hopes of aggressive hikes from the Bank of Japan, after a joint operation with the U.S. failed to stem the fragile curr
By Ankur Banerjee SINGAPORE, Aug 14 (Reuters) – Asian stocks rose on Friday, poised for their strongest week in two months as benign inflation data dented expectations of an imminent U.S. rate hike, although faltering talks to end the war in the Middle East are likely to keep risk sentiment in check
LOS ANGELES (AP) — For a billionaire and a tech investor who also has one of the U.S.’ best-known surnames, Josh Kushner has managed to stay off the front pages and out of the world’s broader discourse to a remarkable degree. That’s all changed this summer, at least in the parts of the world with a
SINGAPORE, Aug 14 (Reuters) – The yen headed for its biggest weekly loss in three months on Friday as the impact of U.S. and Japanese intervention faded, leaving traders to wager another round of official buying would be needed to stem the rot. The currency has surrendered roughly half the gains spa
By Mohi Narayan and Helen Clark NEW DELHI, Aug 14 (Reuters) – Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session’s fall on a weaker outlook for demand and a large build in U.S. sto
By David Lawder Aug 13 (Reuters) – The White House on Thursday said in a report the U.S. is losing some $19 billion to $26 billion in annual tariff revenue to goods, largely from China, that are transshipped through third countries to avoid U.S. import duties. • The report by White House trade and m
By Leika Kihara and Takaya Yamaguchi TOKYO, Aug 14 (Reuters) – Japan may conduct joint yen intervention “at any time” and signal the chance of faster-than-expected interest rate hikes to stem the currency’s falls, said Tokyo’s former top currency diplomat Mitsuhiro Furusawa. The yen is “clearly too
By Sam Li and Lewis Jackson BEIJING, Aug 14 (Reuters) – China’s exports of electric trucks to other Asian countries have spiked, adding to a surge in domestic sales as higher fuel costs as a result of the Iran war accelerate regional electrification. China’s rapid adoption of e-trucks — from lighter
By Ann Saphir Aug 13 (Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said the latest U.S. inflation data has been a “little better,” and he is hopeful that as the effects of tariffs and higher oil prices from the Iran war fade, inflation can continue to improve. “If we
Aug 13 (Reuters) – Elon Musk held a 48.4% stake in SpaceX as of June 30, a regulatory filing showed on Thursday, valuing his holding at more than $900 billion at current market prices. The rockets-to-AI company went public on June 12 after a record-setting IPO that raised $85.7 billion and vaulted t
By P.J. Huffstutter CHICAGO, Aug 13 (Reuters) – Tyson Foods said on Thursday it will close or sell three of its beef plant and packaging operation sites, further shrinking its beef footprint as a historic U.S. cattle shortage deepens losses for the largest U.S. meatpacker. The company will end opera
Aug 13 (Reuters) – U.S. Customs and Border Protection said on Thursday the Department of Homeland Security has approved a second 90-day extension of a Jones Act waiver first issued on March 17, 2026, allowing certain covered cargoes to continue moving on foreign-flagged vessels between U.S. ports un
SYDNEY, Aug 14 (Reuters) – Leaders from some of Australia’s biggest companies, including major banks Macquarie Group and Westpac, will face questioning from lawmakers on Friday as part of a probe into accounting firm KPMG’s alleged misuse of client data to win audit contracts. Macquarie’s chairman a
