By Emma Rumney LONDON (Reuters) -Diageo’s new interim CEO Nik Jhangiani has charmed investors with his cool confidence and clear communication, in contrast to his predecessor who struggled to win over the company’s shareholders during her short term. But whoever takes on the full-time leadership of the world’s top spirits maker will inherit challenges that…
(Reuters) -The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, after two days of fraught negotiations. House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that…
WASHINGTON (Reuters) -The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. “We’re not going to rush for the sake of doing deals,” Bessent told CNBC…
By Sarah N. Lynch (Reuters) -A former Louisville police officer will be sentenced on Monday for violating Breonna Taylor’s rights during the raid in which she was shot and killed, with President Donald Trump’s Justice Department asking the judge to imprison him for just one day. The surprising request by the department’s Civil Rights Division…
Discover the cutting-edge companies fueling the next generation of national security. Modern defense isn’t just about tanks and missiles anymore. Today’s battlefield is digital, autonomous, and orbiting the Earth at 17,000 miles per hour. From AI-powered surveillance drones to next-gen satellite systems and cyber warfare tools, a new class of defense innovators is quietly reshaping…
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes eased while the dollar strengthened against major currencies on Monday as investors awaited the next announcements in the White House’s trade negotiations. Longer-dated U.S. Treasury yields edged higher. The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said…
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.4% to $160.98 in morning trading,…
HOUSTON -Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday. Oil and gas production decreased slightly. Meanwhile, costs among oilfield service firms rose at a slightly faster pace in the second quarter compared with the…
By Davide Barbuscia NEW YORK (Reuters) -Surging U.S. government debt may sap investor appetite for key U.S. assets like long-dated Treasuries and the dollar, bolstering the case for turning to opportunities beyond U.S. borders, BlackRock said on Monday. President Donald Trump’s tariffs spurred market volatility this year and raised doubts over the dollar’s status as…
(Reuters) -Cooler-than-expected U.S. inflation last month deepened conviction in financial markets on Wednesday that the Federal Reserve will start cutting interest rates by September and deliver a second reduction by the end of this year. A U.S. government report showed the Consumer Price Index – a measure of underlying inflation – rose just 0.1% in…
