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Bessent says Fed needs exhaustive review of non-monetary policy operations

22 Jul 2025

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday called on the Federal Reserve to conduct an exhaustive review of its non-monetary policy operations to ensure that “mission creep” does not jeopardize the independence of its core monetary policy mission. In a posting on X, Bessent said the Fed’s autonomy “is threatened by persistent mandate …

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Avalara confidentially files for US IPO, eyes return to public markets

22 Jul 2025

By Prakhar Srivastava (Reuters) -Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the …

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Activist Elliott grows stake in Equinix, holds talks with company

22 Jul 2025

NEW YORK (Reuters) -Activist investor Elliott Investment Management has a large investment in data center operator Equinix and has increased its stake in the last weeks, a person familiar with the matter said on Monday, after the company’s stock price tumbled last month. The hedge fund, which has made a string of profitable technology investments …

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Microsoft server hack hit about 100 organizations, researchers say

22 Jul 2025

By James Pearson and Raphael Satter WASHINGTON/LONDON (Reuters) -A sweeping cyber espionage operation targeting Microsoft server software compromised about 100 organizations as of the weekend, two of the organizations that helped uncover the campaign said on Monday. Microsoft on Saturday issued an alert about “active attacks” on self-hosted SharePoint servers, which are widely used by …

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Lawmakers want US tech CEOs to address concerns about submarine cables

21 Jul 2025

By David Shepardson WASHINGTON (Reuters) -Three Republican House lawmakers on Monday asked the CEOs of Alphabet, Facebook parent Meta, Amazon.com and Microsoft if they have adopted adequate safeguards to address growing national security concerns on submarine communications cables. Washington has been raising alarm about the network of more than 400 subsea cables that handle 99% …

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Brazil planemaker Embraer ends Q2 with record $30 billion backlog

22 Jul 2025

SAO PAULO (Reuters) -Brazilian planemaker Embraer said on Monday its firm order backlog ended the second quarter at $29.7 billion, a record high for any quarter and up 40% from a year earlier, according to a securities filing. Embraer, the world’s third-largest planemaker, said its commercial jet segment reached a backlog of $13.1 billion, rising …

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Brazil to investigate suspected FX insider trading on US tariffs

21 Jul 2025

(Corrects both dates mentioned in the third paragraph to July from June) By Lisandra Paraguassu BRASILIA (Reuters) -Brazil’s Supreme Court Justice Alexandre de Moraes authorized an investigation into the alleged use of privileged information on foreign exchange transactions before the announcement of the 50% U.S. tariff on all Brazilian imports in July, according to a …

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W. R. Berkley second-quarter profit rises on strong underwriting

21 Jul 2025

(Reuters) -Commercial insurer W. R. Berkley reported a rise in second-quarter profit on Monday, boosted by robust investment gains and steady underwriting performance. The earnings underscore investor preference for companies shielded from tariff-related risks amid persistent uncertainty over U.S. President Donald Trump’s trade policy. The Greenwich, Connecticut-based insurer’s net written premiums rose 7.2% to a record …

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Tesla settles lawsuit challenging Louisiana direct sales ban

21 Jul 2025

By Jonathan Stempel (Reuters) -Tesla on Monday settled a lawsuit against Louisiana and various auto dealerships and trade groups, in which CEO Elon Musk’s electric car company challenged the state’s ban since 2017 on direct vehicle sales to consumers. According to a dismissal motion filed in New Orleans federal court, Tesla’s claims have been “fully …

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US not rushing trade deals ahead of August deadline, will talk with China, Bessent says

21 Jul 2025

By Andrea Shalal and Susan Heavey WASHINGTON (Reuters) -The Trump administration is more concerned with the quality of trade agreements than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an August 1 deadline for countries to secure trade deals or face steep tariffs. “We’re not going to rush for the sake of …

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