(Reuters) -S&P Global on Monday affirmed its “AA+” credit rating on the U.S., saying the revenue from President Donald Trump’s tariffs will offset the fiscal hit from his massive tax-cut and spending bill. Trump signed the “One Big Beautiful Bill Act” into law in July after it was passed by the Republican-controlled Congress. The bill, …
S&P affirms ‘AA+’ credit rating for US, cites impact of tariff revenue Read More »
By Jonathan Stempel (Reuters) -Tesla must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company’s electric vehicles. U.S. District Judge Rita Lin said the common question of whether Tesla lacked sensors to achieve high-level autonomy plus its inability to “demonstrate …
Tesla drivers can pursue class action over self-driving claims, judge rules Read More »
By Noel Randewich (Reuters) -The S&P 500 benchmark U.S. stock index will end 2025 just below current near-record levels, reflecting tempered optimism amid ongoing concerns over the economic impact of President Donald Trump’s global tariffs and uncertainty surrounding Federal Reserve rate cuts, according to a new Reuters poll. Market strategists polled by Reuters showed that concerns about …
S&P 500 seen stalling as AI rally meets tariff jitters: Reuters poll Read More »
By Jonathan Stempel (Reuters) -Google will pay $30 million to settle a lawsuit claiming it violated the privacy of children using YouTube by collecting their personal information without parental consent, and using it to send targeted ads. A preliminary settlement of the proposed class action was filed on Monday night in San Jose, California, federal …
Google settles YouTube children’s privacy lawsuit Read More »
BRASILIA (Reuters) -Banco do Brasil said on Tuesday it is prepared to deal with “complex, sensitive” issues involving global regulations after a top court justice ruled foreign laws cannot be automatically applied in Brazil. The statement followed a Reuters query about the U.S. Magnitsky Act, which President Donald Trump used last month to sanction Supreme …
Banco do Brasil ready to handle ‘complex’ issues amid debate over US sanctions Read More »
By Deborah Mary Sophia and Kritika Lamba (Reuters) -Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with Big Tech and national media for advertising dollars. Acquiring Tegna will expand Nexstar’s presence in nine of the top 10 U.S. markets, covering 80% of …
Nexstar to buy smaller rival Tegna for $3.54 billion in big local-TV deal Read More »
(Reuters) -Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’ approval for its planned Hong Kong IPO, Bloomberg News reported on Tuesday, citing sources. Singapore-headquartered Shein has consulted lawyers on setting up a parent company in mainland China, the report said, adding that discussions were …
Shein weighs China relocation to ease path for Hong Kong IPO, Bloomberg News reports Read More »
By Dan Burns (Reuters) -Groundbreaking for new U.S. single-family homes and permits for future construction ticked higher in July even as high mortgage rates and economic uncertainty continued to hamper home purchases, while overall residential construction was buoyed by a surge in new apartment projects. Single-family housing starts, which account for the bulk of homebuilding, increased 2.8% …
US housing starts tick higher in July, led by apartment construction Read More »
By Arriana McLymore, Jayla Whitfield-Anderson and Julio-Cesar Chavez PHILADELPHIA/ SMYRNA, Georgia (Reuters) -Earlier this summer, Dajiah Blackshear-Calloway, 34, started to notice that her regular clients weren’t visiting her hair salon as often as they used to. The salon, in Smyrna, Georgia, houses two stylists and offers dozens of services that range from $50 natural hairstyles …
Trump’s tariffs are leaving Black beauty businesses in peril Read More »
By Sameer Manekar and Byron Kaye (Reuters) -BHP said annual profit fell to the lowest in five years as sluggish demand from China weighed on iron ore prices and flagged a cut in capital and exploration spending but declared a bigger-than-expected final dividend, sending its shares higher. The world’s largest listed miner also raised its …
Iron ore sinks BHP FY profit to 5-year low but dividend boosts shares Read More »
