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South Korea officials to meet US commerce secretary again for tariff talks
South Korea in race to clinch trade deal by August 1 Industry minister latest in flurry of Washington meetingsSeoul 'very, very' much wants deal after US-Japan one -LutnickBy Jack Kim and Ju-min Park SEOUL, July 25 (Reuters) - South Korea's Industry Minister Kim Jung-kwan and top trad...
Fri, Jul 25
Volkswagen lowers guidance as tariffs hit profit in second quarter
BERLIN, July 25 (Reuters) - Volkswagen VOWG.DE on Friday gave its first assessment of how U.S. President Donald Trump's trade war with Europe is expected to impact its 2025 earnings after tariffs dealt a blow to the German auto giant's operating profit in the second quarter.
Fri, Jul 25
Benchmark JGBs muted, set for 5th weekly fall on political, fiscal woes
TOKYO, July 25 (Reuters) - Benchmark Japanese government bonds (JGBs) were muted on Friday, but remained on course for a fifth straight week of declines as concerns deepened over political instability and the country's finances.
Fri, Jul 25
Nikkei falls as traders lock in gains after US trade deal rally
TOKYO, July 25 (Reuters) - Japan's Nikkei share average dropped on Friday, halting a two-day advance that brought the index to the brink of a record, as traders locked in gains spurred by a newly inked trade deal with the United States.
Fri, Jul 25
Core inflation in Japan's capital stays above BOJ target in July
Tokyo July core CPI rises 2.9% yr/yr vs f'cast +3.0%Index excluding fresh food, fuel rises 3.1% yr/yr in JulyBOJ to revise up this year's price forecast at quarterly reviewBOJ to hold policy meeting July 30-31, rates seen on holdBy Leika Kihara TOKYO, July 25 (Reuters) - Core consumer inf...
Fri, Jul 25
Weyerhaeuser reports 50% drop in second-quarter profit on weak lumber demand
July 24 (Reuters) - U.S. timber company Weyerhaeuser WY.N reported a 50% drop in second-quarter profit on Thursday, hurt by continued weakness in commodity wood product pricing and softer demand across key end markets.
Fri, Jul 25
Puma expects a loss this year due to falling sales, US tariffs
July 24 (Reuters) - German sportswear brand Puma PUMG.DE expects to make a loss this year, it said on Thursday, slashing its financial outlook due to weaker sales and an expected hit to gross profit from the impact of U.S. tariffs.
Fri, Jul 25
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Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps
Intel's workforce to shrink by 22% by year endCEO Tan focuses on disciplined investments, factory construction slowdownIntel forecasts steeper Q3 losses despite higher sales expectations Intel's strategic missteps led to lag in AI chip industryBy Arsheeya Bajwa, Stephen Nellis and Max A. C...
Fri, Jul 25
Intel Corp reports results for the quarter ended June 30 - Earnings Summary
Intel Corp INTC.OQ reported a quarterly adjusted loss of 10 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of thirty five analysts for the quarter was for earnings of one cent per share. Wall Str
Thu, Jul 24
GRAINS-CBOT corn, soybean futures climb on technical trading, trade deal hopes
Corn futures rise on short-covering, consolidationWheat exports high, but global supply limit gainsSoybean futures rise despite sluggish US export salesBy P.J. Huffstutter CHICAGO, July 24 (Reuters) - Chicago Board of Trade corn futures ticked up on Thursday on signs of short-covering and consoli...
Thu, Jul 24
Crude finishes with 1% gain on supply concerns and US crude draws
HOUSTON, July 24 (Reuters) - Oil prices rose 1% on Thursday as U.S. crude draws and expected cuts to Russian gasoline exports overwhelmed news that oil major Chevron CVX.N will gain U.S. approval to renew production in Venezuela.
Thu, Jul 24
Charles Schwab authorizes $20 billion stock buyback, declares dividends
July 24 (Reuters) - Charles Schwab SCHW.N said on Thursday that its board had authorized a new $20 billion stock repurchase program, replacing the previous authorization. The company also declared a regular quarterly cash dividend of 27 cents per share on its common stock.
Thu, Jul 24
S&P 500 and Nasdaq notch record closes, lifted by Alphabet
Trump to visit Federal Reserve headquartersUnitedHealth says it is cooperating with DOJ probeS&P 500 +0.07%, Nasdaq +0.18%, Dow -0.70%By Noel Randewich and Pranav Kashyap July 24 (Reuters) - The S&P 500 and the Nasdaq notched record high closes on Thursday as robust results from Google pa...
Thu, Jul 24
Sees no mechanical issue with 787 Boeing fuel control unit after Air India crash
OSHKOSH, Wisconsin, July 24 (Reuters) - The head of the Federal Aviation Administration said on Thursday the fatal crash of an Air India Boeing BA.N 787 does not appear to be caused by a mechanical issue or inadvertent movement of the fuel control unit."We can say with a high level of confidence...
Thu, Jul 24
Safe-haven gold slips as trade optimism lifts risk appetite
EU, US near deal with possible 15% tariff, EU diplomats sayTrump to visit Federal Reserve US weekly jobless claims unexpectedly fallsBy Sherin Elizabeth Varghese July 24 (Reuters) - Gold prices fell for a second straight session on Thursday, as signs of easing global trade tensions dampened deman...
Thu, Jul 24
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
