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Landmark EU tech rules holding back innovation, Google says
BRUSSELS, July 1 (Reuters) - Alphabet's GOOGL.O Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed at reining in Big Tech are hampering innovation to the detriment of European users and businesses.
Tue, Jul 1
GLOBAL ECONOMY-Asian factories hobbled by US tariff risks despite modest relief
TOKYO, July 1 (Reuters) - Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid the region's gloomy economic recovery prospects.
Tue, Jul 1
GRAINS-Corn drops for second session on improved US crop rating; soybeans, wheat down
SINGAPORE, July 1 (Reuters) - Chicago corn fell on Tuesday, with prices under pressure from a weekly U.S. report showing robust crop condition, boosting prospects of higher output amid plentiful Brazilian supplies.
Tue, Jul 1
Senate tries to overcome vote-a-rama, infighting to pass Trump's $3.3 trillion bill
Democrats criticize bill for Medicaid cutsSenate Republicans face internal divisions over debt impactRand Paul opposes bill due to $5 trillion borrowing limit hikeMusk says he'll target bill-backers in 2026 mid-term electionBy Richard Cowan, Bo Erickson and David Morgan WASHINGTON, June 30 (R...
Tue, Jul 1
Trump hammers Powell again as Bessent mulls Fed power transition timeline
Trump sends personal note to Powell on ratesTrump on social media says policy rate should be 1%Fed officials waiting on tariff impactBy Michael S. Derby and Howard Schneider June 30 (Reuters) - President Donald Trump on Monday continued hammering at the U.S. Federal Reserve to ease monetary polic
Tue, Jul 1
S&P 500, Nasdaq close at record highs, cap best quarter in over a year
S&P, Nasdaq end quarter with double-digit gainsBanking shares rise after Fed's stress test Indexes up: Dow 0.63%, S&P 0.52%, Nasdaq 0.48%By Sabrina Valle NEW YORK, June 30 (Reuters) - The S&P 500 and Nasdaq reached record closing highs on Monday, capping their best quarter in ov...
Tue, Jul 1
Apple weighs using Anthropic or OpenAI to power Siri in major reversal, Bloomberg News reports
June 30 (Reuters) - Apple AAPL.O is weighing using artificial intelligence technology from Anthropic or OpenAI to power a new version of Siri, instead of its own in-house models, Bloomberg News reported on Monday. Shares of the iPhone maker, which had traded down earlier in the session, closed 2% hi
Tue, Jul 1
Elon Musk renews criticism of Trump spending bill, calls for new political party
June 30 (Reuters) - Billionaire Elon Musk reiterated his criticism of U.S. President Donald Trump's spending legislation on Monday, arguing that it underscores the need for a new political party.The Tesla TSLA.O chief slammed the "insane spending" of the bill, particularly the measure th...
Tue, Jul 1
Dollar hits near 4-year low versus euro, weighed by worries over tax bill, trade deal
Dollar index on track for biggest H1 drop since early 1970s Euro hits highest since 2021 against the greenbackChina trade progress precedes July 9 tariff deadlineCanadian dollar strengthens after US digital tax is haltedBy Chibuike Oguh NEW YORK, June 30 (Reuters) - The dollar hit a near four-yea
Tue, Jul 1
Trump complains about US-Japan trade talks as Bessent warns of higher tariffs
Trump says U.S. will send tariff rate letter to JapanTariff rates expected to increase on July 9Japan negotiator says the countries are working hard on a dealBy David Lawder WASHINGTON, June 30 (Reuters) - President Donald Trump expressed frustration with U.S.-Japan trade negotiations on Monday a
Tue, Jul 1
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Oil edges down on easing Middle East risks but gains for a second month
Brent up 6% in June, US crude gains 7% Oil supply risk premium shrinking, says analyst OPEC+ plans could smother any upside in prices, says analystBy Georgina McCartney HOUSTON, June 30 (Reuters) - Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ ...
Mon, Jun 30
REFILE-ANALYSIS-Even as markets rally, Trump's policymaking causes market angst
Investors see rally to fresh highs as fragileAnalysts describe environment of 'extreme policy uncertainty'Options market shows little sign of euphoria Wide bid/ask spreads, diminished liquidity characterize US stocksBy Suzanne McGee June 28 (Reuters) - As Wall Street puts April's tari...
Mon, Jun 30
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Disney up as Jefferies upgrades to 'buy' on cruise growth, limited parks risk
** Shares of media company Walt Disney DIS.N rise 1.6% to $124.35 premarket** Jefferies upgrades stock rating to "buy" from "hold" on stronger theme parks, cruise business, among others** Brokerage raises DIS PT to $144 from $100, representing an upside of ~18% to stock's last cl...
Mon, Jun 30
Sterling heads for biggest quarterly jump in more than two years
June 30 (Reuters) - Sterling was on track for its biggest quarterly rise against the dollar in more than two years on Monday, aided by weakness in the dollar across the board and optimism over a trade deal between the United States and Britain.
Mon, Jun 30
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German retail sales fall unexpectedly in May
By Rene Wagner BERLIN, June 30 (Reuters) - German retail sales unexpectedly fell by 1.6% in May compared with the previous month, statistics office data showed on Monday, dampening hopes for strong growth in the second quarter for Europe's largest economy. Analysts polled by Reuters had predi...
Mon, Jun 30
Trump says U.S. not offering Iran 'anything', not speaking to Tehran
June 30 (Reuters) - U.S. President Donald Trump said on Monday he was not speaking to Iran and was not offering the country "anything", and he reiterated his assertion that the United States had "totally OBLITERATED" Tehran's nuclear facilities.Trump on Friday dismissed media rep...
Mon, Jun 30
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Tesla's V4 superchargers begin operation in China
BEIJING, June 30 (Reuters) - Tesla's TSLA.O first batch of V4 superchargers has begun operation in China, covering Shanghai, Chongqing, Gansu and Zhejiang provinces, the U.S. automaker said on Monday.The superchargers will gradually be deployed in Beijing, Guangdong province and other Chinese lo...
Mon, Jun 30
Nissan seeks to delay supplier payments to free up cash, company emails show
Nissan offers suppliers delayed payment with higher amount, emails showNissan not forcing suppliers to take offerAutomaker says move is to support free cashEmails show Nissan's efforts to conserve cashBy Daniel Leussink TOKYO, June 30 (Reuters) - Nissan Motor 7201.T has asked some suppliers t...
Mon, Jun 30
US Senate pushes ahead on Trump tax cuts as nonpartisan analysis raises price tag
Senate bill adds $3.3 trillion to national debt, CBO saysRepublicans reject CBO's cost methodology, face internal party divideDemocrats argue bill favors wealthy, risks social programsRepublican Thom Tillis, who Trump blasted after vote against advancing bill, says he will not seek reelectionBy ...
Mon, Jun 30
China's rare earths are flowing again, but not freely
European suppliers receive enough licences to avoid disruptions, but many permits still pendingChina's export restrictions cause 75% drop in rare earth magnet exportsU.S.-China deal aims to expedite rare earth shipments to U.S. companiesBy Christina Amann and Laurie Chen BERLIN/BEIJING, June ...
Mon, Jun 30
