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New York halts offshore wind transmission plan amid federal uncertainty
July 17 (Reuters) - The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.This halts the Public Policy Transmission Need (PPTN...Reuters
Thu, Jul 17
Technical Analysis
Forex Today: The Yen takes centre stage ahead of inflation data and elections
The Greenback resumed its uptrend on Thursday, rapidly reversing the previous day’s pullback as investors assessed auspicious US data releases while keeping a close watch on the Trump-Powell effervescence and developments around trade.
Other
Dexcom Recalls Some Glucose Monitor Receivers For Missing Blood Sugar Level Alerts, FDA Says
July 17 (Reuters) - FDA:DEXCOM IS RECALLING CERTAIN DEXCOM G6, G7, ONE, AND ONE+ GLUCOSE MONITORING RECEIVERSAT LEAST 56 REPORTED INJURIES, NO REPORTS OF DEATH RELATED TO DEXCOM'S CONTINUOUS GLUCOSE MONITOR RECEIVER RECALLIDENTIFIED DEXCOM'S CONTINUOUS GLUCOSE MONITOR RECEIVER RECALL AS MOST...Reuters
Thu, Jul 17
Economic Indicator
Fed's Daly says 'reasonable' to expect two rate cuts before end of 2025
Tariffs' impact on inflation less than expected, Daly saysShe says rates will need to fall as inflation drops to avoid harming labor marketMarkets expect no change in rates at Fed's July 29-30 meetingBy Ann Saphir July 17 (Reuters) - San Francisco Federal Reserve President Mary Daly reite...Reuters
Thu, Jul 17
Other
Newsletter platform Substack valued at $1.1 billion in latest funding round
July 17 (Reuters) - Substack has raised $100 million in a funding round led by venture capital firms Bond and the Chernin Group at a valuation of $1.1 billion, the newsletter platform said on Thursday.The series C funding round also saw participation from existing investor Andreessen Horowitz, as we...Reuters
Thu, Jul 17
Other
Trump called Netanyahu after strike on church in Gaza, White House says
WASHINGTON, July 17 (Reuters) - U.S. President Donald Trump called Israeli Prime Minister Benjamin Netanyahu to address an Israeli strike on Gaza's sole Catholic Church, the White House said on Thursday.Three people were killed and several others injured in the strike.Reuters
Thu, Jul 17
Stocks
Why BigBear.ai Stock Is Skyrocketing Today
Key PointsBigBear.ai stock is surging Thursday amid a day of bullish momentum for the broader market. While there haven't been any major new developments for the company, investors are continuing to bet on defense artificial intelligence (AI) stocks. BigBear.ai's share price has now risen more than ...The Motley Fool
Thu, Jul 17
Commodities
US Cash Grains-Corn bids flat to lower on slow demand, soybean bids steady
CHICAGO, July 17 (Reuters) - Spot basis bids for corn delivered to U.S. Midwest elevators and processing plants were flat to lower on Thursday on generally slow demand, while soybean basis bids were mostly unchanged.An elevator in Cincinnati, Ohio, cut its spot corn basis bid by 7 cents a bushel and...Reuters
Thu, Jul 17
Economic Indicator
White House: EU continues to be very eager in trade negotiations
WASHINGTON, July 17 (Reuters) - The European Union continues to be very eager in negotiating trade with the U.S., White House spokeswoman Karoline Leavitt said at a press conference on Thursday.The bloc is seeking "ways to lower their tariff and their non-tariff barriers that we have long said h...Reuters
Thu, Jul 17
Stocks
Couche-Tard jumps after scrapping $46 billion bid for Japan's Seven & i
** Shares of Canadian retailer Alimentation Couche-Tard ATD.TO surge as much as 18.5% to C$80.96 ** Couche-Tard pulled its $46 billion bid to buy Seven & i Holdings 3382.T late on Wednesday, saying the retailer refused to engage constructively on the deal** ATD, which operates Circle K, made an ...Reuters
Thu, Jul 17
Commodities
PRECIOUS-Gold eases on firmer dollar, solid US data
US retail sales beat expectations in JuneFed's Kugler: No rate cut for some time as tariffs pass through to pricesPalladium hits near 2-year peakBy Sarah Qureshi July 17 (Reuters) - Gold prices edged lower on Thursday, weighed down by a stronger dollar and robust U.S. economic data, while cau...Reuters
Thu, Jul 17
Forex
HSBC executive's fraud conviction voided by US appeals court
Mark Johnson led an HSBC foreign exchange deskJohnson accused of "front-running' Cairn Energy tradeFraud theories underlying conviction invalid or weakUS Attorney's office in Brooklyn declined to commentBy Jonathan Stempel NEW YORK, July 17 (Reuters) - A U.S. appeals court on Thursday...Reuters
Thu, Jul 17
Other
Trump will not recommend special prosecutor in Epstein case
WASHINGTON, July 17 (Reuters) - U.S. President Donald Trump will not recommend a special prosecutor in the Jeffrey Epstein case, White House press secretary Karoline Leavitt said on Thursday."The president would not recommend a special prosecutor in the Epstein case. That's how he feels,"...Reuters
Thu, Jul 17
Other
U.S. RESEARCH ROUNDUP-Bank of America, Goldman Sachs, Microsoft
July 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Bank of America, Goldman Sachs and Microsoft, on Thursday. HIGHLIGHTS* Bank of America BAC.N: Piper Sandler raises target price to $49 from $46* Goldman Sachs GS.N:...Reuters
Thu, Jul 17
Other
Trump evaluated for swelling in legs, bruising on hands, White House says
July 17 (Reuters) - U.S. President Donald Trump was evaluated for swelling in his lower legs and bruising on his hands, White House spokeswoman Karoline Leavitt said Thursday.Citing a letter from Trump's physician, Leavitt told reporters that Trump underwent examinations and an ultrasound on his...Reuters
Thu, Jul 17
Other
PepsiCo to rebrand Lay's, Tostitos without artificial dyes, flavors
Also expands use of avocado/olive oil instead of canola/soybean oil Move comes amid push from Kennedy to ditch synthetic dyesUncertain if consumers will pay up for more premium productsBy Jessica DiNapoli and Juveria Tabassum July 17 (Reuters) - PepsiCo PEP.O is planning to highlight what will no...Reuters
Thu, Jul 17
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