NEW YORK (Reuters) -The Federal Reserve’s balancing act between concerns about a weakening labor market and still above-target inflation will take center stage for investors in the coming week as they weigh risks to the rally in the U.S. stock market. The benchmark S&P 500 has rebounded sharply over the past two months as worries …
Fed meeting in focus as investors seek rate-path hints Read More »
(Reuters) -Social media platform X showed signs of recovery on Saturday after an outage disrupted access for thousands of users in the United States, according to outage tracking website Downdetector.com. Reports of disruptions had dropped to around 1,041 by 7:42 p.m. ET, down from a peak of more than 10,000, according to Downdetector, which tracks …
Elon Musk’s X sees partial recovery after outage hits US users, Downdetector shows Read More »
(Refiles to correct typographical error in paragraph 10) SINGAPORE/NEW YORK (Reuters) -Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday. The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the billionaire president’s push …
Highlights from Trump’s business and income disclosure Read More »
By Noel Randewich and Kanchana Chakravarty (Reuters) -Wall Street ended sharply lower on Friday after Iran launched missiles at Israel in response to intensive Israeli strikes aimed at crippling Tehran’s ability to build nuclear weapons. Explosions were heard and seen over Tel Aviv and Jerusalem as sirens sounded across Israel following what the country’s military …
Wall St ends sharply lower as Iran retaliates against Israel attack Read More »
MEXICO CITY (Reuters) -Mexico’s antitrust watchdog said on Friday it had closed a case against Google, clearing the tech giant from any potential fines, after a multi-year investigation determined it did not engage in monopolistic practices in the country. The investigation by Mexico’s Federal Economic Competition Commission (Cofece), which began in 2020, focused on Google’s …
Google comes out on top as years-long Mexico antitrust case closed Read More »
WASHINGTON (Reuters) -President Donald Trump urged EchoStar Corp Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company’s wireless spectrum licenses, Bloomberg reported on Friday. EchoStar shares were up 52% in after-hours trading Friday on the report. On Thursday, Trump met with Ergen and he …
Trump urged EchoStar, FCC chair to cut a deal on spectrum -Bloomberg Read More »
(Removes duplicate dateline.) WASHINGTON (Reuters) -The White House earlier this month directed the Defense Department and NASA to gather details on billions of dollars in SpaceX contracts following the public blowout between President Donald Trump and billionaire Elon Musk, four people familiar with the order told Reuters. Sparking an ongoing review, the administration ordered the …
White House reviews SpaceX contracts as Trump-Musk feud simmers, sources say Read More »
By Jonathan Stempel (Reuters) -McDonald’s has settled a $10 billion lawsuit by the media entrepreneur Byron Allen accusing the fast-food chain of “racial stereotyping” by excluding Black-owned media from much of its advertising budget. Friday’s settlement between McDonald’s and two of Allen’s companies, Entertainment Studios Networks and the Weather Group, averts a scheduled July 15 …
McDonald’s settles Byron Allen’s $10 billion lawsuit over ads for Black-owned media Read More »
WASHINGTON (Reuters) -Nippon Steel’s $14.9 billion bid for U.S. Steel poses a national security risk, but those concerns can be mitigated if the companies fulfill certain conditions laid out by the Trump administration, U.S. President Donald Trump said in a executive order on Friday. “I additionally find that the threatened impairment to the national security …
Trump says Nippon-US Steel deal has resolvable national security risk Read More »
(Reuters) -Trump Media and Technology Group said on Friday that the U.S. Securities and Exchange Commission has declared effective the registration for its bitcoin treasury deal. The company said it raised about $2.3 billion through a mix of debt and equity agreements with participation from around 50 investors. It said in May that the bitcoin …
Trump Media’s registration for bitcoin treasury deal becomes effective Read More »
