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TIMELINE-X's tumultuous journey under Elon Musk
July 9 (Reuters) - The CEO of X, Linda Yaccarino, said on Wednesday she would step down from the role in a surprise move, ending her tenure at the Elon Musk-owned social media platform that has faced several controversies and challenges including a mass exodus of advertisers from the site.Yaccarino ...Reuters
Wed, Jul 9
Royal Air Maroc in talks to buy Embraer aircraft, Folha reports
SAO PAULO, July 9 (Reuters) - Royal Air Maroc is in talks with Embraer EMBR3.SA for a potential order for the Brazilian planemaker' s E2 aircraft, newspaper Folha de S.Paulo reported on Wednesday citing the airline's CEO, Abdelhamid Adnoun. Sao Paulo-traded shares of Embraer were up around 2...Reuters
Wed, Jul 9
Musk-owned X's CEO Yaccarino to step down in surprise move
Yaccarino's departure adds to Musk's business turbulenceYaccarino faced challenges with advertisers and AI controversiesAnalysts cite possible clash with Musk's management styleBy Akash Sriram, Jaspreet Singh and Greg Bensinger July 9 (Reuters) - Linda Yaccarino, one of Elon Musk'...Reuters
Wed, Jul 9
U.S. RESEARCH ROUNDUP-Bloom Energy, Ford, Tesla
July 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Bloom Energy Corp, Ford and Tesla on Wednesday. HIGHLIGHTS * Bloom Energy Corp BE.N: JP Morgan raises to overweight from neutral* Charles Schwab Corp SCHW.N: Jeff...Reuters
Wed, Jul 9
FACTBOX-Trump's higher tariff rates for countries compared to April 2 rates
July 9 (Reuters) - U.S. President Donald Trump issued new letters on Wednesday notifying countries of higher tariff rates as he continues his "America First" policies and reorders global trade.Following is a list of countries and new tariff rates announced this week, compared to rates set on...Reuters
Wed, Jul 9
Congo, Rwanda leaders to sign peace deal in US in coming weeks, Trump says
July 9 (Reuters) - U.S. President Donald Trump on Wednesday said the leaders of the Democratic Republic of Congo and Rwanda will travel to the United States to sign a peace agreement within the "next couple of weeks."Reuters
Wed, Jul 9
Ontario Teachers' Announces Sale Of Sahyadri Hospitals - Statement
July 9 (Reuters) - ONTARIO TEACHERS' ANNOUNCES SALE OF SAHYADRI HOSPITALS - STATEMENTONTARIO TEACHERS' PENSION PLAN: AGREEMENT TO SELL MAJORITY STAKE IN SAHYADRI HOSPITALS GROUP (SAHYADRI) TO MANIPAL HOSPITALSSource text: https://tinyurl.com/4u42c5dmFurther company coverage: [ ]Reuters
Wed, Jul 9
Tennis-Sinner tames Shelton to reach Wimbledon semi-final
By Martyn HermanLONDON, July 9 (Reuters) - World number one Jannik Sinner shrugged off any doubts about his fitness to reach the Wimbledon semi-final for the second time with a clinical defeat of American Ben Shelton on Wednesday.A high-octane contest on a muggy Court One was decided by slender marg...Reuters
Wed, Jul 9
US judge dismisses some claims in Uber sexual assault lawsuits
Passengers not defrauded Uber safety-related adsJudge allows claims over lack of gender-matching optionBellwether trial could begin in DecemberBy Jonathan StempelJuly 9 (Reuters) - The federal judge overseeing more than 2,300 lawsuits seeking to hold Uber UBER.N liable to passengers who were sexuall...Reuters
Wed, Jul 9
US Treasury's Bessent to skip South Africa G20 meeting, heading to Japan
Bessent to represent US at 2025 World Expo in OsakaTreasury chief also missed G20 meeting in February Trump announced 30% tariff on South Africa, 25% on Japan By Andrea Shalal WASHINGTON, July 8 (Reuters) - U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in...Reuters
Wed, Jul 9
Trump issues tariff letters to seven countries
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines. The letters call for tariffs of 30% each on Algeria, Iraq, Libya and Sri Lanka, 25% each on Brunei and Moldova, ...Reuters
Wed, Jul 9
Democratic lawmakers say EEOC chair aided law firm 'shakedown' by Trump
By David Thomas July 9 (Reuters) - Democratic lawmakers on Wednesday asked the acting chair of the U.S. Equal Employment Opportunity Commission for information about the agency's role in President Donald Trump's pressure campaign against a swath of the U.S. legal industry.The lawmakers, U...Reuters
Wed, Jul 9
Conning: Premium volume in US MGA market grows 16% in 2024 to $114.1 billion
By Chris MunroJuly 9 - (The Insurer) - Direct premiums written (DPW) in the U.S. MGA market increased 16% in 2024 to $114.1 billion, with fronting carriers playing an increasingly prominent role in the sector and Lloyd's also showing strong growth, Conning’s latest report on the fast-growing ind...Reuters
Wed, Jul 9
Google says discord over search results is unresolved; risks EU antitrust fine
By Foo Yun Chee BRUSSELS, July 9 (Reuters) - Alphabet's GOOGL.O Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine.Th...Reuters
Wed, Jul 9
Equipment maintenance startup MaintainX valued at $2.5 billion in latest fundraise
By Ateev Bhandari July 9 (Reuters) - MaintainX more than doubled its valuation to $2.5 billion in its latest fundraising round, the equipment maintenance startup said on Wednesday, as startups that combine artificial intelligence with physical operations continue to attract investor interest. The...Reuters
Wed, Jul 9
Microsoft Says Over Next 5 Years, We Will Donate On A Global Scale More Than $4 Billion In Cash And AI & Cloud Technology To K-12 Schools
July 9 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT: OVER THE NEXT FIVE YEARS, WE WILL DONATE ON A GLOBAL SCALE MORE THAN $4 BILLION IN CASH AND AI AND CLOUD TECHNOLOGY TO K-12 SCHOOLSSource text: https://tinyurl.com/38w4xdcyReuters
Wed, Jul 9
Hedge funds should face limits on leverage, global regulator recommends
FSB publishes report on non-banks and leverageHedge funds blamed for worsening 2020, 2022 market chaosBailey urges regulators to implement recommendationsBy Tommy Reggiori Wilkes and Valentina Za LONDON/MILAN, July 9 (Reuters) - Regulators should consider limits on leverage used by non-bank finan...Reuters
Wed, Jul 9
