By Ankika Biswas, Lisa Pauline Mattackal and Saeed Azhar (Reuters) -The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September. The Dow Jones Industrial Average closed slightly lower, pressured by selling in…
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said he sees some “warning signs” of weakening in the economy, adding that the U.S. central bank’s goal is to get inflation down without stressing the labor market. “I see some warning signs the real economy is weakening,” Goolsbee told CNBC in an interview on…
By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) -Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up. The near-two-decade independence of the world’s largest standalone aerostructures company ended…
By Jack Queen (Reuters) – The U.S. Supreme Court’s ruling on Monday that Donald Trump cannot be prosecuted for his official acts as president plunges a major criminal case against him into doubt and all but assures he will not face trial before the Nov. 5 election. Here are some takeaways from the decision: PRESIDENTS…
By Nathan Layne and Trevor Hunnicutt (Reuters) – President Joe Biden is hunkered down with aides at Camp David for several days to get ready to debate rival Donald Trump, who is eschewing traditional preparation and instead holding informal policy discussions between campaign stops. The face-off in Atlanta, at 9 p.m. ET on Thursday (0100…
By David Randall NEW YORK (Reuters) – A blistering rally in U.S. big tech stocks may be due for a breather, offering hope for market segments that have been more tepid this year. Although the S&P 500 is up 14.6% this year, most of the broader index’s gains have been concentrated in the information technology…
By Stephanie Kelly NEW YORK (Reuters) – Coinbase launched on Thursday a $2 million ad campaign targeted toward Latino voters, the company told Reuters, as the crypto industry makes moves this U.S. election cycle to put friendly lawmakers into office. The ad campaign comes on top of tens of millions of dollars the crypto industry…
By Simon Lewis, Steve Holland and David Brunnstrom WASHINGTON (Reuters) -Comments by Russian President Vladimir Putin on Thursday that Russia may supply weapons for North Korea after signing a defense pact with Pyongyang are “incredibly concerning,” U.S. State Department spokesperson Matthew Miller said. Putin suggested after a visit to North Korea this week that such…
TAIPEI (Reuters) – The U.S. State Department has approved the possible sale to Taiwan of drones and missiles for an estimated $360 million, the Pentagon’s Defense Security Cooperation Agency said. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to…
By Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing. Russel Stokes, head of GE Aerospace’s commercial engines and services, said while the company is aligned with Boeing’s production rates for this year, it…
