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Amazon must face US class action over Alexa users' privacy
By Mike Scarcella July 7 (Reuters) - A federal judge in Seattle on Monday said tens of millions of users of Amazon.com’s cloud-based voice service Alexa can band together in a class action accusing the tech giant of deceptively recording and collecting their private conservations. The Alexa users...Reuters
Mon, Jul 7
Commodities
Houthis claim first ship sinking this year in Red Sea attack
Liberian-flagged bulk carrier Magic Seas attacked on SundayAttack ended half a year of calm in the Red SeaBy Jana Choukeir DUBAI, July 7 (Reuters) - Yemen’s Iran-aligned Houthis said on Monday that a cargo ship they struck with gunfire, rockets and explosive-laden remote-controlled boats had sun...Reuters
Mon, Jul 7
Commodities
CBOT soybeans finish lower on beneficial US weather, trade jitters
CHICAGO, July 7 (Reuters) - Chicago Board of Trade soybean futures ended lower on Monday on forecasts for beneficial U.S. crop weather and disappointment over trade disputes, traders said.Favorable U.S. weather and expectations for a bumper harvest in Brazil have kept a lid on prices recently.Analys...Reuters
Mon, Jul 7
Cryptocurrencies
Analysts at Bernstein have predicted an upcoming wave of equity tokenization driven by regulatory support
Analysts at research and brokerage firm Bernstein have expressed optimism about the future of equity tokenization despite the controversy between Robinhood and OpenAI. The analysts predicted that the current regulatory tailwinds pushing the crypto industry forward would usher in an “equity tokenization wave,” and they back Robinhood to benefit. Robinhood wants to get more companies […]Cryptopolitan
Mon, Jul 7
Other
US revokes foreign terrorist designation for Syria's HTS
By Humeyra Pamuk WASHINGTON, July 7 (Reuters) - President Donald Trump's administration on Monday revoked the foreign terrorist organization designation for Hay'at Tahrir al-Sham, as Washington moves to remove U.S. sanctions on Syria to help the country rebuild following years of a civil ...Reuters
Mon, Jul 7
Other
LVMH veteran Michael Burke to head US and other operations
By Mimosa Spencer PARIS, July 7 (Reuters) - Luxury goods group LVMH LVMH.PA has named longtime executive Michael Burke, one of CEO Bernard Arnault's most trusted advisers, as head of LVMH Americas, the company's unit for North and South America, Arnault said in a memo to staff on Monday. ...Reuters
Mon, Jul 7
Other
TREASURIES-US yields rise as Trump names trade tariffs, before supply
Trade in focus as Trump names trade tariffsUS Treasury to sell $119 bln coupon-bearing supplyFed to release minutes from latest meeting on WednesdayBy Karen Brettell July 7 (Reuters) - Longer-dated U.S. Treasury yields rose on Monday as U.S. President Donald Trump announced tariffs on numerous tr...Reuters
Mon, Jul 7
Other
Rare trial challenging Trump-backed deportation of pro-Palestinian campus activists begins
Judge holds rare trial in lawsuit challenging Trump administration actionsLawsuit alleges administration is unlawfully targeting pro-Palestinian campus activists for deportationTrump administration contends no such policy existsBy Nate Raymond BOSTON, July 7 (Reuters) - Groups representing U.S. u...Reuters
Mon, Jul 7
Cryptocurrencies
Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350
Ethereum is approaching a pivotal moment as it pushes to reclaim the $2,600 level, aiming to break free from weeks of sideways action. After trading within a tight range since early May, ETH is now testing the upper boundary of its consolidation zone, a move that could mark the start of a new bullis...NewsBTC
Mon, Jul 7
Forex
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.4% lower at C$1.366 to the greenback, or 73.21 U.S. cents, after trading in a range of 1.3595 to 1.3685.Canadian government 10-year bond yields CA10YT=RR ro...Reuters
Mon, Jul 7
Other
Soccer-Fluminense embrace underdog role as they prepare to face Chelsea
By Fernando Kallas EAST RUTHERFORD, N.J., July 7 (Reuters) - Fluminense are relishing their role as the Club World Cup's underdogs ahead of Tuesday's semi-final against Chelsea, with manager Renato Gaucho embracing an "us against the world" mentality that has carried the Brazilia...Reuters
Mon, Jul 7
Commodities
CBOT corn closes weaker on favorable US crop weather
CHICAGO, July 7 (Reuters) - Chicago Board of Trade corn futures fell on Monday on expectations for favorable U.S. crop weather, traders said.Weather conditions look non-threatening as crops are entering the critical pollination period of development, traders said.Rain benefited the U.S. Plains and w...Reuters
Mon, Jul 7
Cryptocurrencies
CoreWeave is acquiring Core Scientific in a $9B all-stock deal
CoreWeave has announced the acquisition of large provider of purpose-built digital infrastructure, Core Scientific, in a $9B all-stock deal. The deal follows CoreWeave’s rapid rise as a leader in AI infrastructure. The firm’s latest consolidation move is to expand its AI and HPC infrastructure by integrating 1.3 GW of data center power capacity. The all-stock […]Cryptopolitan
Mon, Jul 7
Commodities
COLUMN-Crop Watch: Producers set initial yield expectations as ratings rise: Braun
By Karen BraunNAPERVILLE, Illinois, July 7 (Reuters) - U.S. Crop Watch corn conditions have made unprecedented strides this season, though producers’ early thoughts on yield potential are only slightly better than in recent years.Their soybean expectations are relatively much more modest because of ...Reuters
Mon, Jul 7
Stocks
US STOCKS-Wall St knocked lower by tariff jitters, Musk's political plan hurts Tesla
Indexes down: Dow 1.43%, S&P 500 1.21%, Nasdaq 1.29%Trump announced 25% tariffs for Japan, South KoreaTesla slides on Musk's 'America Party' formationWNS rises after Capgemini announces $3.3 bln buyoutBy Sinéad Carew and Pranav Kashyap July 7 (Reuters) - Wall Street's majo...Reuters
Mon, Jul 7
Other
US judge rules Abrego's challenge to wrongful deportation can proceed
Judge finds legal dispute remains activeSalvadorian national faces US criminal chargesBy Andrew Goudsward GREENBELT, Maryland, July 7 (Reuters) - A U.S. judge ruled on Monday that Kilmar Abrego's legal challenge to his wrongful deportation to El Salvador can continue despite the decision by P...Reuters
Mon, Jul 7
Commodities
Mexico to open sterile fly plant to combat screwworm in 2026
MEXICO CITY, July 7 (Reuters) - Mexico's government said on Monday that it has started to build a $51 million facility in the country's south as part of an effort to combat screwworm, a pest that has disrupted Mexican exports of cattle to the United States. Mexico's agriculture ministry...Reuters
Mon, Jul 7
Stocks
Tesla, EV stocks down; tax credit subsidy set to expire September end
** EV stocks including Rivian RIVN.O and Lucid LCID.O fall 4% and 3.3, respectively ** Shares of General Motors GM.N fall 2.6% and Ford F.N down 2.4% ** Federal EV tax credit is set to expire September-end** Tesla TSLA.O slumps 7.5% after CEO Elon Musk's plans to launch a new U.S. political part...Reuters
Mon, Jul 7
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