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Britain warns Israel it will recognise Palestinian state as Gaza starvation spreads
UNITED NATIONS/LONDON, July 29 (Reuters) - Britain said on Tuesday it would recognise a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas.
Tue, Jul 29
Wall Street returns to work after Manhattan shooting that killed Blackstone executive
NEW YORK, July 29 (Reuters) - Bankers and traders returned to work on a somber Tuesday morning in Midtown Manhattan, New York's financial epicenter, one day after a shooting that killed four people, including a senior Blackstone BX.N executive.
Tue, Jul 29
US goods trade deficit shrinks in likely boost to second-quarter GDP
WASHINGTON, July 29 (Reuters) - The U.S. trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists' expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.
Tue, Jul 29
Royal Caribbean lifts annual profit forecast on steady cruise demand
By Anuja Bharat Mistry July 29 (Reuters) - Royal Caribbean RCL.N raised its annual profit forecast on Tuesday, banking on resilient demand for its luxury destinations, even as the cruise operator faces pressure from higher fuel costs.The company also forecast current-quarter profit below estimate...
Tue, Jul 29
Spotify forecasts profit below estimate on high payroll taxes, shares sink
Spotify shares more than doubled in value in past 12 monthsCompany's premium subscribers up 12% in Q2More people are consuming video on the platform, says CEOBy Jaspreet Singh July 29 (Reuters) - Spotify SPOT.N forecast quarterly profit below estimate on Tuesday, as higher taxes related to em...
Tue, Jul 29
UnitedHealth signals prolonged pain with new, far lower profit forecast, shares fall
UnitedHealth profit forecast falls short of analysts' estimatesShares down about 5% Expects to return to profit growth in 2026By Sriparna Roy and Sneha S K July 29 (Reuters) - UnitedHealth Group UNH.N provided a full-year profit forecast on Tuesday after suspending its prior outlook in May,...
Tue, Jul 29
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JetBlue posts smaller-than-expected loss as U.S. demand recovers
By Aishwarya Jain and Doyinsola Oladipo July 29 (Reuters) - JetBlue Airways JBLU.O on Tuesday posted an adjusted loss for the second quarter that was smaller than Wall Street expectations, helped by cost cutting measures and recovering demand for travel in the U.S.Shares of the carrier shot up ne...
Tue, Jul 29
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Union Pacific to buy Norfolk Southern in $85 billion deal
Union Pacific UNP.N to buy smaller rival Norfolk Southern NSC.N in an $85-billion deal.NSC down 2.9%, UNO slips 2.1% in early trading
Tue, Jul 29
AstraZeneca seeks US drug price cuts amid expansion plans, strong demand
July 29 (Reuters) - AstraZeneca AZN.L has proposed price cuts to its drugs in the United States, its CEO said on Tuesday, days after unveiling a $50 billion investment to expand there, as President Donald Trump pressures pharmaceuticals companies to lower costs.
Tue, Jul 29
COLUMN-Dollar shedding its tariff risk premium: Mike Dolan
By Mike Dolan LONDON, July 29 (Reuters) - The dollar's surge since the U.S.-European Union trade deal seems a little counterintuitive at first glance, but the rally suggests the greenback may be shedding its elevated trade risk premium - whether Washington wants that or not.The weekend's ...
Tue, Jul 29
Samsung Electronics shares extend gains after Tesla deal, but challenges remain
Samsung faces challenges in securing additional large customersMemory business needs considerable progress, analyst saysTesla deal could boost Samsung's Texas factory By Hyunjoo Jin and Zaheer Kachwala Seoul, July 29 (Reuters) - Shares in Samsung Electronics 005930.KS eked out small gains on...
Tue, Jul 29
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[Reuters Breakingviews] Samsung’s $16.5 bln Tesla coup comes with caveats
By Katrina Hamlin HONG KONG, July 29 (Reuters Breakingviews) - Samsung Electronics 005930.KS finally has some good news. In posts on his X social media platform on Sunday, Tesla TSLA.O CEO Elon Musk detailed that his carmaker has struck a $16.5 billion deal to buy state-of-the-art chips from the
Tue, Jul 29
China's yuan at one-week low; market awaits Sino-US talks, Politburo meet
SHANGHAI, July 29 (Reuters) - China's yuan touched a fresh one-week low against the dollar on Tuesday, pressured by the US currency's broad strength overseas after the US-EU trade deal, while investors anxiously await the outcome of trade talks between Beijing and Washington.The dollar jumpe...
Tue, Jul 29
South Korea in push for US trade deal to offer package including shipbuilding tie-up
Seoul officials in all-out push to secure trade deal before deadlineSouth Korea to propose package including cooperation in shipbuilding at Washington meeting, fin minLutnick says Seoul "really wants to get a deal" after officials met him in ScotlandBy Jihoon Lee SEOUL, July 29 (Reuters) ...
Tue, Jul 29
S&P 500 barely makes it to another closing record
Nasdaq, S&P 500 eke out record closing highs; Dow slipsEnergy leads S&P 500 sector gainers; Real Estate weakest groupDollar rallies ~1%; crude up ~3%; bitcoin, gold downUS 10-Year Treasury yield edges up to ~4.41%Welcome to the home for real-time coverage of markets brought to you by Reuters...
Tue, Jul 29
Buffett's Berkshire to sell one-third of VeriSign stake
July 28 (Reuters) - Berkshire Hathaway BRKa.N will sell about one-third of its more than $4 billion stake in VeriSign VRSN.O, an internet infrastructure and domain name registry company that Warren Buffett's conglomerate has invested in since 2012, VeriSign said on Monday.VeriSign, based in Rest...
Tue, Jul 29
Trump team hears pitches on access to Myanmar's rare earths
Trump administration is focused on rare earths, China competitionSome Trump allies wary of intervening in conflictMyanmar mines heavy rare earths that are processed in ChinaBy Trevor Hunnicutt, David Brunnstrom, Devjyot Ghoshal and Poppy McPherson WASHINGTON/BANGKOK, July 28 (Reuters) - The Trump
Tue, Jul 29
Oil climbs on EU trade deal, potential US-China tariff truce extension
Brent crude hits highest level since July 18 on MondayUS and China officials at Stockholm for trade talksTrump's shorter deadline for Russia on Ukraine war raises oil flow concernsBy Anjana Anil July 29 (Reuters) - Oil extended gains on Tuesday, lifted by hopes of improved economic activity a...
Tue, Jul 29
[Reuters Analysis] EU's $250 billion-per-year spending on US energy is unrealistic
EU pledges $250 bln/yr spend on U.S energy for three yearsWould require huge redirection of U.S. energy exportsAgreement not legally bindingEU companies, not the Commission or EU entities, buy energy By Kate Abnett and Arathy Somasekhar BRUSSELS/HOUSTON, July 28 (Reuters) - The European Union'...
Tue, Jul 29
Waymo to launch autonomous ride-hailing in Dallas next year
July 28 (Reuters) - Alphabet's GOOGL.O Waymo said on Monday it will roll out its autonomous ride-hailing service in Dallas in 2026, accelerating its U.S. expansion as electric vehicle maker Tesla TSLA.O pushes to grow its recently launched robotaxi business.After years of cautious growth, Waymo ...
Tue, Jul 29
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