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US Senate committee approves Trump's UN envoy pick, nomination heads to full vote
By Patricia Zengerle WASHINGTON, July 24 (Reuters) - The U.S. Senate Foreign Relations Committee on Thursday voted narrowly in favor of Mike Waltz, President Donald Trump's pick to be U.N. envoy, clearing the way for a confirmation vote in the full 100-member Senate.The panel voted 12-10 in f...
Thu, Jul 24
REFILE-Intel beats shareholder lawsuit over $32 billion stock plunge
By Jonathan Stempel July 24 (Reuters) - A federal judge dismissed a lawsuit accusing Intel INTC.O of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value.While saying she "un...
Thu, Jul 24
US new home sales below expectations in June; housing supply rises
WASHINGTON, July 24 (Reuters) - Sales of new U.S. single-family homes increased less than expected in June amid higher mortgage rates, pushing inventory to levels last seen in late 2007, which could keep homebuilding subdued. New home sale units rose 0.6% to a seasonally adjusted annualized rate of...
Thu, Jul 24
Video-sharing app Vine is returning 'in AI form', Musk says
July 24 (Reuters) - Elon Musk's social media company X is bringing back popular video-sharing platform Vine in "AI form", the billionaire tech-entrepreneur said on Thursday, almost nine years after the app was discontinued.Musk made the announcement in a post on X, formerly Twitter, but ...
Thu, Jul 24
Canada's retail sales shrink as tariffs bite, June expected to improve
Retail sales shrank by 1.1% in May, led by automobiles, foodSales excluding autos in May were down 0.2%, StatsCan addsEarly estimate shows retail sales likely grew 1.6% in JuneBy Promit MukherjeeOTTAWA, July 24 (Reuters) - Canada's retail sales shrank by 1.1% in May as consumers curtailed car pu...
Thu, Jul 24
American Airlines forecasts wide range due to economic uncertainty
Soft domestic travel demand impacts American's bookings, shares fall over 9%American's Q3 loss forecast exceeds analysts' expectationsAmerican's domestic unit revenue expected to remain lower year-over-year in Q3American's outlook contrasts with Delta, United, and Alaska Air'...
Thu, Jul 24
[Reuters Analysis] Markets' trade deal euphoria ignores tariff reality: McGeever
By Jamie McGeeverORLANDO, Florida, July 24 (Reuters) - The optimism sweeping world stock markets following news of emerging and expected U.S. trade deals is undeniable and understandable. But it is also puzzling. The S&P 500, Britain's FTSE 100 and the MSCI All Country index have powered to ...
Thu, Jul 24
Nvidia AI chips worth $1 billion entered China despite US curbs, FT reports
July 24 (Reuters) - Nvidia's NVDA.O advanced artificial intelligence chips worth at least $1 billion were smuggled to China in the three months after Washington tightened chip export controls, the Financial Times reported on Thursday.The AI chip designer's high-end B200 processors, banned fo...
Thu, Jul 24
US-South Korea trade talks postponed over Bessent schedule as tariff deadline looms
South Korea finance chief was set to board for Washington when news of delay brokePressure piling on Seoul after Japan clinches trade dealRange of sectors, investment projects considered under potential deal remain unclearSouth Korea to propose investment package of at least $100 billion -YonhapBy J...
Thu, Jul 24
GLOBAL MARKETS-Trade deal hopes lift Europe ahead of ECB meeting
MSCI world stocks index up for seventh sessionDollar, oil prices and bond yields all tick higherECB expected to pause rate cutting cycleTurkey set to restart rate cutsBy Marc Jones LONDON, July 24 (Reuters) - Trade deal optimism lifted world stocks to fresh record highs on Thursday, ahead a raft ...
Thu, Jul 24
Hyundai Motor warns of bigger hit from US tariffs after Q2 profit fall
Hyundai operating profit down 16% in Q2Hyundai takes hit of $606 million from tariffs in Q2Warns of higher tariff costs in Q3By Hyunjoo Jin, Heekyong Yang and Joyce Lee SEOUL, July 24 (Reuters) - Hyundai Motor 005380.KS posted a decline in second-quarter operating profit on Thursday as U.S. tarif...
Thu, Jul 24
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[Reuters Breakingviews] Trump auto tariff U-turn gives everyone whiplash
By Katrina Hamlin HONG KONG, July 24 (Reuters Breakingviews) - President Donald Trump’s auto tariff U-turn is making everyone carsick. His latest deal cuts U.S. tariffs on Japanese vehicle imports to 15% from a previous total of 27.5%, offering respite to companies that haven’t invested heavily i
Thu, Jul 24
Bright spots emerge in corporate earnings as tariff uncertainty lingers
Alphabet, SK Hynix, Infosys offer upbeat guidanceRosy forecasts come against backdrop of tariff uncertaintyGovernments scramble for tariff deals ahead of August 1 deadline July 24 (Reuters) - Some of the world's top tech firms, including U.S. search giant Alphabet, South Korean chipmaker SK H...
Thu, Jul 24
Nvidia supplier SK Hynix to boost spending on AI chips, after record Q2
Q2 operating profit up 69% to 9.2 trillion won Co plans to operate China fab as planned Says 2026 supply talks with a key customer proceeding as planned By Heekyong Yang and Joyce Lee SEOUL, July 24 (Reuters) - SK Hynix 000660.KS flagged plans to lift spending this year on advanced chipmaking aft...
Thu, Jul 24
Asian shares, Aussie dollar climb on trade, earnings optimism
TOKYO, July 24 (Reuters) - Shares in Asia rallied and the Australian dollar hit an eight-month high on Thursday as optimism over earnings and trade supported demand for higher yielding assets.
Thu, Jul 24
IBM's software sales disappoint, eclipsing AI mainframe revival
July 23 (Reuters) - IBM IBM.N beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its mainstay software segment overshadowed a renewal in demand for the mainframe business spurred by AI upgrades.
Thu, Jul 24
Tesla likely faces 'a few rough quarters' from end of US EV support, Musk says
July 23 (Reuters) - Tesla TSLA.O Chief Executive Elon Musk said on Wednesday that U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters" for the company before a wave of revenue from self-driving software and services begins late next year.
Thu, Jul 24
Mattel cuts 2025 forecast after two-month pause, hurt by tariff uncertainties
Mattel reissues 2025 forecast after suspending it in MayCEO Kreiz expects $100-million tariff exposure before mitigationRetailer ordering shifts impacted US sales in Q2, CEO saysWeak Barbie sales in North America hurt quarterly revenuesBy Savyata Mishra July 23 (Reuters) - Toymaker Mattel MAT.O ...
Wed, Jul 23
Google parent Alphabet surprises with capital spending boost after earnings beat
Reports total revenue of $96.43 billion for second quarter vs. expected $94 billionRaises 2025 capital spending target to about $85 billion from $75 billionBig Tech spending on AI amid rising Chinese competitionBy Kenrick Cai and Deborah Mary Sophia July 23 (Reuters) - Alphabet GOOGL.O on Wednesd...
Wed, Jul 23
US STOCKS-S&P 500 and Nasdaq rally to record highs on optimism about trade deals
Tariffs on Japanese autos cut to 15% from 27.5%Thermo Fisher surges after beating Street estimatesTexas Instruments slumps as tariff uncertainty hits demandTesla reports after the bell, investors brace for revenue fallS&P 500 +0.78%, Nasdaq +0.61%, Dow +1.14%By Noel Randewich and Nikhil Sharma ...
Wed, Jul 23
