(Reuters) -U.S. total new vehicle sales are expected to rise 2.5% to 1.25 million units on an adjusted basis for the month of June, J.D. Power and GlobalData said in a joint report on Wednesday. However, same sales volume without adjusting for the number of selling days translates to a decrease of 5.4% from 2024, …
US new vehicle sales set to rise 2.5% in June, report says Read More »
By Patturaja Murugaboopathy (Reuters) -U.S. long-term bond funds drew massive inflows in May, reversing April’s drawdown and indicating investors sought the safety of higher-yielding debt, as they weighed a host of uncertainties around trade tariffs, inflation and fiscal deficits. According to Morningstar data, U.S. long-term bond funds attracted $7.4 billion in May, their largest monthly …
Investors returned to US long-term bond funds in May Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As the geopolitical center of gravity shifts from the Middle East to the NATO summit, Wall Street turns its attention back to the domestic economy and rising speculation about a U.S. interest rate cut …
By Anirban Sen and Chris Prentice NEW YORK (Reuters) -U.S. exchange operators are in talks with the Securities and Exchanges Commission on easing regulatory burdens for public companies, as they seek to encourage more richly valued startups to list, according to four people familiar with the matter. These deliberations, the details of which are reported …
Exclusive-US exchanges, SEC in talks to ease public company regulations Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina, the International Monetary Fund’s long-term problem child and biggest debtor, once again needs to seek forgiveness: this time for falling short on foreign currency reserve build-up targets linked to a new $20 billion deal. The South American country is likely to get it, too, analysts and former officials …
IMF wild child Argentina seeks waiver on FX reserves misses – and will probably get it Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -A meteoric rally in shares of Palantir Technologies is likely to leave its imprint on the final reconstitution by FTSE Russell of its benchmark indexes on Friday, when investors can expect a crush of trading volume heading into the closing bell. Every year, FTSE Russell reconstitutes, or refreshes, the …
Palantir’s surge to leave its mark on Russell reshuffle Read More »
(Reuters) -More than 40% of agentic artificial intelligence projects will be canceled by the end of 2027 due to escalating costs and unclear business value, according to a report by Gartner. WHY IT’S IMPORTANT Tech giants such as Salesforce and Oracle have embraced AI agents, systems that can autonomously complete goals and take action, pouring …
Over 40% of agentic AI projects will be scrapped by 2027, Gartner says Read More »
By Rachael Levy, Norihiko Shirouzu and Abhirup Roy (Reuters) -Tesla finally has a robotaxi. Now comes the hard part. The electric-vehicle maker deployed its first-ever driverless cabs in Austin, Texas, on Sunday in a small-scale test of carefully monitored Model Y vehicles. Next, the company faces the steep challenge of executing on CEO Elon Musk’s …
Analysis-Why Tesla’s robotaxi launch was the easy part Read More »
A look at the day ahead in European and global markets from Kevin Buckland Some 24 hours on from when U.S. President Donald Trump announced a truce in the Middle East – despite being disturbed by some Iranian rocket fire and an Israeli vow to respond – investors seem to be keeping faith that the …
Morning Bid: A fragile ceasefire is good enough for markets Read More »
By Lisa Baertlein and Abhinav Parmar LOS ANGELES (Reuters) -FedEx on Tuesday signaled caution for the year ahead and forecast current-quarter profit short of market expectations amid volatile global demand, sending shares of the delivery giant down more than 5% after hours. FedEx and rival United Parcel Service are considered economic bellwethers because they work …
FedEx shares sink 5% after profit outlook highlights tariff challenges Read More »
