Take Five: Cancel Summer?
LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and…
Musk donates to group working to elect Trump, Bloomberg reports
WASHINGTON (Reuters) -Billionaire Elon Musk has donated to a political group working to elect former U.S. President Donald Trump, Bloomberg reported on Friday, citing sources. The report did not indicate…
IBAT launches new lithium extraction technology in Utah
(This July 11 story has been officially corrected to fix the companies’ production run rate in a bullet and in paragraphs 1-3 and corrects royalty information in paragraph 16) By…
Intel on track for cumulative software sales of $1 billion by end 2027, exec says
By Fanny Potkin SINGAPORE (Reuters) – Intel’s push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief…
JPMorgan beats profit estimates on investment banking boost
By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking and strong…
Citi profit beats on surge in investment banking, services strength
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its…
Global stock index climbs while dollar falls after US inflation data
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – A global index of stocks hit record highs on Thursday, the dollar fell and Japan’s yen surged after a tame…
US FTC to delay decision on Chevron-Hess deal during Exxon arbitration, Bloomberg reports
(Reuters) – The U.S. Federal Trade Commission plans to delay its decision whether to block Chevron’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is…
Ukraine gets new $225 million US military aid after Biden meets Zelenskiy
By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) -The United States on Thursday announced a new security package for Ukraine worth $225 million, which includes a Patriot missile battery, additional…
U.S. June budget deficit shrinks to $66 billion after calendar shifts
WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s…