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EV group urges US House to restore electric vehicle tax credits
By David Shepardson July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.The Electrif...Reuters
3 hours ago
US second-quarter auto sales rise, tariffs may drive up prices
By Nathan Gomes July 1 (Reuters) - U.S. auto sales rose in the second quarter fueled by demand for gasoline-powered vehicles, but the industry is bracing for a bumpy latter half to the year as President Donald Trump's tariffs will likely push prices higher.General Motors GM.N retained its top...Reuters
3 hours ago
Trump says US could reach trade deal with India, casts doubt on deal with Japan
Trump says India ready to lower barriers for U.S. companiesJuly 9 deadline for deals approachesTrump suggests higher tariff for Japan By Andrea Shalal and David Lawder WASHINGTON, July 1 (Reuters) - The United States could reach a trade deal with India that would help American companies compete i...Reuters
3 hours ago
Bank of America raises dividend after clearing Fed's stress test
July 1 (Reuters) - Bank of America BAC.N hiked its quarterly dividend to 28 cents per share on Tuesday, less than a week after passing the U.S. Federal Reserve's annual stress test. The new dividend will be paid beginning in the third quarter. The bank's previous dividend was 26 cents per sh...Reuters
3 hours ago
TREASURIES-US yields rise after solid data on job openings; impact of tax bill passage muted
Senate passes 'One Big Beautiful Bill'; rates impact mutedJOLTS report boosts Treasury yieldsFed's Powell repeats wait-and-see stance on rate cutsBut Powell doesn't rule out July move; Treasuries briefly rallyBy Gertrude Chavez-Dreyfuss NEW YORK, July 1 (Reuters) - U.S. Treasury y...Reuters
4 hours ago
Trump mulls 35% tariffs on Japan, may not extend July 9 tariff deadline
US President Donald Trump hit the newswires hot and fast on Tuesday, mulling over the possibility of adding additional tariffs on Japan and not extending the self-imposed July 9 deadline on the currently-suspended reciprocal tariffs.Fxstreet
4 hours ago
Peru's economy expected to grow up to 3.5% in 2025, minister says
By Marco AquinoLIMA, July 1 (Reuters) - Peru's economy is expected to grow between 3.0% and 3.5% in 2025, economy minister Raul Perez said on Tuesday, lower than the government had previously anticipated and compared to 3.33% growth logged last year.Perez told a press conference he did not see &...Reuters
5 hours ago
Fed hawks and doves: what US central bankers are saying
By Ann Saphir July 1 (Reuters) - President Donald Trump is deeply unhappy with the Federal Reserve after it again left its benchmark interest rate unchanged in the 4.25%-4.50% range at its June 17-18 meeting, and he is thinking about replacements for Fed Chair Jerome Powell some 10 months before ...Reuters
6 hours ago
EV group urges US House to restore electric vehicle tax credits
July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.The Electrification Coalition said ...Reuters
6 hours ago
TABLE-US light-vehicle sales volumes in Q2 2025
July 1 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q2 2025: AUTOMAKERQ2 2025Q2 2024PCT CHNG1General Motors746,588696,0867.3%2Toyota Motor^^666,469621,5497.2%3Ford Motor612,095536,05014.2%4Hyundai235,726214,7199.8%5Nissan^221,441236,721-6.5%6Subaru154,818169,447-8.6...Reuters
6 hours ago
WRAPUP 1-US job market surprises with increased openings in May
Job openings increase 374,000 to 7.769 millionHires decline 112,000 to 5.503 millionManufacturing remains subdued in JuneBy Lucia Mutikani WASHINGTON, July 1 (Reuters) - U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor market had shifted into ...Reuters
6 hours ago
Mexico remittances dip 5% in May as US mulls tax
Remittances to Mexico dropped 4.6% in May on the yearDecline comes as US Congress mulls a 1% tax on cash remittancesOther Central American states have seen remittances riseBy Sarah Morland, Noe Torres and Emily Green MEXICO CITY, July 1 (Reuters) - Remittances sent to Mexico dropped 4.6% in May c...Reuters
7 hours ago
Trading on protection against UK defaults jumped in Q1, says ISDA
By Nell Mackenzie LONDON, July 1 (Reuters) - Trading of derivatives contracts that provide investors with protection against UK company defaults jumped almost 50% in the first quarter of 2025 to more than $2 trillion, an International Swaps and Derivatives Association report showed on Tuesday.WHY...Reuters
7 hours ago
Tesla sales in Portugal rise 7.3% in June, as total EV sales jump
July 1 (Reuters) - Tesla's TSLA.O new car sales in Portugal rose 7.3% in June from the same month in 2024 to 1,315 units, as overall new registrations of light electric vehicles rose about 19%, the country's automobile industry association ACAP said on Tuesday.In the first six months of the ...Reuters
8 hours ago
France car registrations down 6.7% in June, Tesla sales drop 10%
PARIS, July 1 (Reuters) - New car registrations in France slid 6.7% in June from a year earlier to 169,504 vehicles, data from French car body PFA showed on Tuesday.Tesla TSLA.O sales fell 10.04% to 3,646 vehicles last month. Since the beginning of the year, Tesla's sales have slumped by 39.59% ...Reuters
8 hours ago
Powell reiterates Fed will wait for more data before cutting rates
Powell says waiting on data is the prudent courseNo meeting, including July, is off the tablePowell applauded for comments on Fed independenceBy Francesco Canepa and Howard Schneider SINTRA, Portugal, July 1 (Reuters) - U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. centr...Reuters
8 hours ago
Tesla's new car sales in Italy down 66% y/y in June
MILAN, July 1 (Reuters) - Tesla's TSLA.O new car registrations slumped for a second month in a row in Italy in June, posting a 66% year-on-year decline, data from the transport ministry showed on Tuesday.The U.S. electric vehicles maker sold 1,697 cars in Italy in June, as usual a relatively low...Reuters
8 hours ago
Brazil sees strong market appetite for green blended finance auction
BRASILIA, July 1 (Reuters) - Brazil's Finance Minister said on Tuesday the government sees "strong" investor interest in a green blended finance auction focused on restoring degraded pastures, with results expected by the end of July.Announced in April, the auction aims to attract privat...Reuters
8 hours ago
TREASURIES-US yields rise after labor market data shows resilience
By Gertrude Chavez-Dreyfuss NEW YORK, July 1 (Reuters) - U.S. Treasury yields advanced on Tuesday after data showed the labor market remained resilient with the rise in job openings for May, confirming the Federal Reserve's stance of being patient on cutting interest rates. U.S. job openings ...Reuters
9 hours ago
