By Echo Wang (Reuters) – The S&P 500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies’ earnings reports later this week. U.S. stocks ended July on a strong footing, as investors welcomed better-than-expected earnings. Support also came from hopes of a soft…
By Nivedita Balu and Jaiveer Shekhawat (Reuters) -National Bank of Canada said on Tuesday it has agreed to buy collapsed U.S. regional lender Silicon Valley Bank’s Canadian commercial loan portfolio, as the smallest of Canada’s top six lenders looks to expand its footprint in the tech sector and diversify its loan book. National Bank said…
(Reuters) – Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing to drive user growth, sending its shares up about 11% in extended trading. The company is benefiting from the launch of more flexible subscription plans. Its cheapest plans for smaller durations have…
By Lawrence Delevingne (Reuters) -Most global stocks dipped, while oil prices fell and Treasury yields climbed, as investors weighed declining factory activity in the euro zone and China with stabilizing U.S. manufacturing and job openings that signaled a still-tight labor market. On Wall Street, the Dow Jones Industrial Average rose 0.2%, to 35,630.55, while the…
By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) -The United States has formally invited China’s newly reappointed foreign minister, Wang Yi, to Washington, the U.S. State Department said on Tuesday, after Wang’s predecessor was abruptly removed from his post by Beijing. China reappointed veteran diplomat Wang last week, replacing former rising star Qin Gang, who…
(Reuters) -Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earlier that Elon Musk-owned X had sent a letter to the Center for Countering Digital Hate (CCDH)…
By Divya Rajagopal and Gilles Guillaume TORONTO/PARIS (Reuters) – French-based Automotive Cells Co (ACC) is in early talks with officials in Canada and the United States on setting up a battery manufacturing plant in North America, an ACC spokesperson told Reuters on Tuesday. ACC is a joint venture between Stellantis, Total Energies and Mercedes-Benz Group….
By Sharon Bernstein (Reuters) -A North Carolina man who ran an SUV into six migrant workers in a Walmart parking lot and then fled the scene has turned himself in to authorities, saying he hit the accelerator by accident before striking people, police said. David Gonzalez, 68, of Hickory, North Carolina, surrendered on Monday at…
By Safiyah Riddle (Reuters) – Record-breaking heat waves across the U.S. forced small businesses to close early in July, according to a report released on Tuesday, and reduced paid working hours for employees as dangerous temperatures reshape consumer behavior. Hundreds of millions Americans dealt with extreme heat advisories in the past two weeks, as temperatures…
(Reuters) – A U.S. congressional committee on China is investigating asset management giant BlackRock and index provider MSCI, saying they were facilitating investments into blacklisted Chinese companies, underscoring how tense relations between the two countries are rippling out into corporate America. The firms have facilitated the flow of American capital into companies the U.S. government…
