By James Oliphant WASHINGTON (Reuters) – Florida Governor Ron DeSantis came to the defense of former President Donald Trump on Tuesday, assailing as politically motivated attempts to hold his rival for the 2024 Republican presidential nomination legally accountable for trying to overturn the 2020 election. “I hope he doesn’t get charged,” DeSantis told CNN in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Whatever is driving Wall Street higher – the finishing line of the Fed’s rate-hiking cycle, a falling dollar or strong earnings – it is not really filtering through to Asian markets. The disconnect between Asia…
(Reuters) – Self-driving technology firm Aurora Innovation said on Tuesday it plans to sell $600 million worth of class A common stock in a private placement, sending the company’s shares down more than 10% in after-market trading. The company also commenced an underwritten public offering of up to $200 million of its Class A common…
By Lisa Baertlein LOS ANGELES (Reuters) – Warehouse rents will continue to rise even as other supply-chain costs tumble from pandemic highs, the CEO of the world’s largest warehouse landlord told Reuters on Tuesday. Lease prices have proven far more resilient than air, ship, truck and train transportation rates which have dropped sharply due to…
By Michelle Nichols UNITED NATIONS (Reuters) – The United Nations Security Council held its first meeting on artificial intelligence on Tuesday where China said the technology should not become a “runaway horse” and the United States warned against its use to censor or repress people. Britain’s Foreign Secretary James Cleverly, who chaired the meeting under…
(Reuters) – Big U.S. banks on Tuesday said higher interest rates had helped boost profits in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth and increased deposit costs may cloud the outlook for the sector. Signs of a revival in investment banking, which has been in the…
(Reuters) – U.S. cannabis producer Green Thumb Industries Inc said on Tuesday an employee had died of natural causes at its Rock Island, Illinois facility last Friday. The Teamsters Union earlier on Tuesday urged Green Thumb to address workers’ safety concerns following news about the death. “To the best of our knowledge, this tragic death…
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) – Morgan Stanley’s profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment. Morgan Stanley shares rose more than 6%, shrugging off the 14% drop in profits. Excluding one-off items, Morgan Stanley…
By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Bank of America’s second-quarter profit beat Wall Street estimates as it earned more from customers’ loan payments while investment banking and trading fared better than expected. The second-largest U.S. lender projected its net interest income (NII) would increase 8% this year after it rose 14% in…
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines first officer Phil Anderson has turned down opportunities to be promoted to captain as he does not want the unpredictable schedule that comes with the bigger paycheck. Anderson is one of many who have passed on that promotion at United, and analysts and union officials said…
