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MEXICO CITY (Reuters) -Mexico expects a planned review of the trilateral trade pact with the U.S. and Canada to formally start at the beginning of the fourth quarter this year, Economy Minister Marcelo Ebrard said on Tuesday. Canadian Prime Minister Mark Carney was more cautious, saying he wanted to make progress on bilateral issues with …

Mexico sees USMCA trade review starting in a few months, Canada more cautious Read More »

By Chibuike Oguh and Tom Wilson NEW YORK (Reuters) – Global shares rose on Tuesday, buoyed by signs of easing trade tensions, even as longer-dated U.S. Treasury yields were set for their biggest one-day drop in more than a month. U.S. President Donald Trump paused his threatened tariffs until July 9 on U.S. imports of …

Shares rise, Treasury yields fall, buoyed by easing trade tensions Read More »

(Reuters) -Trump Media and Technology Group will raise about $2.5 billion to invest in bitcoin, U.S. President Donald Trump’s social media company said on Tuesday, as it looks to diversify its revenue. The company is raising the funds by selling $1.5 billion in stock at its last closing price and $1 billion in convertible notes …

Trump Media to raise $2.5 billion to invest in bitcoin Read More »

By Lucia Mutikani WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter. The report from the Commerce Department on Tuesday also showed shipments of …

US business spending on equipment softening as tariff uncertainty persists Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) -Texas Governor Greg Abbott on Tuesday signed into law a bill requiring Apple and Alphabet’s Google to verify the age of users of their app stores, putting the second-most-populous U.S. state at the center of a debate over whether and how to regulate smartphone use by children and teenagers. …

Texas governor signs law to enforce age verification on Apple, Google app stores Read More »

TORONTO (Reuters) -Canada’s Hudson’s Bay Company plans to lay off 8,347 employees, or 89% of its workforce, by Sunday when it will conclude its liquidation sale and shut all stores, according to documents published late on Monday. Hudson’s Bay, Canada’s oldest retail chain, has been part of the country’s landscape and identity for 355 years, …

Canada’s Hudson’s Bay retail chain to terminate more than 8,300 workers by Sunday Read More »

(Reuters) -Elon Musk’s brain implant company Neuralink raised $600 million in a deal that values the company at $9 billion before the new cash, Semafor reported on Tuesday, citing people with knowledge of the matter. Neuralink did not immediately respond to a Reuters request for comment. The startup was estimated to be valued at $5 …

Musk’s Neuralink raises fresh cash at $9 billion valuation, Semafor reports Read More »

By Nate Raymond, Ernest Scheyder (Reuters) -The U.S. Supreme Court gave a boost on Tuesday to plans for one of the world’s largest copper mines, as the justices declined to hear a Native American group’s bid based on religious rights to block Rio Tinto and BHP from gaining control of land in Arizona long used …

US Supreme Court spurns Native American challenge to Rio Tinto’s Arizona copper project Read More »

By Suzanne McGee (Reuters) -Investors are fearing that projections for the U.S. debt mountain could increase further when a sweeping tax and spending bill goes through the Senate, with the risk that bond yields stay higher for longer. Markets have been sensitive to the deteriorating U.S. debt profile, exacerbated by Moody’s downgrade of the U.S. …

Investors see worsening US deficit outlook as tax bill heads to Senate Read More »