By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – All three major U.S. indexes ended the week with gains, after a slew of Big Tech earnings, economic data and central bank announcements boosted investor confidence in a soft landing for the U.S. economy. U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve…
(Reuters) -The U.S. Department of Justice could file an antitrust lawsuit against concert promoter Live Nation Entertainment and its unit Ticketmaster by the end of the year, Politico reported on Friday, citing three people with knowledge of the matter. Shares of Live Nation dropped 5% in extended trading on Friday. The company did not respond…
WASHINGTON (Reuters) – U.S. President Joe Biden publicly acknowledged a seventh grandchild for the first time on Friday in a statement to People Magazine. The 4-year-old girl is the child of Biden’s son, Hunter, who settled a years-long court battle over child support in June. “This is not a political issue, it’s a family matter….
By David Shepardson WASHINGTON (Reuters) – More than half of the Senate’s Democrats are backing the United Auto Workers’ push for higher wages and benefits for workers at Detroit Three automakers’ joint venture battery plants, they said in a letter released on Friday. The 28 senators said the workers are critical to the United States…
By James Oliphant WASHINGTON (Reuters) -U.S. Senator Tim Scott, the highest-profile Black candidate in the 2024 Republican presidential race, has blasted his rival Ron DeSantis, Florida’s governor, over the state’s newly adopted Black history curriculum, saying “there’s no silver lining” in slavery. Scott joined a growing chorus of critics of Florida’s new standards that require…
By Ernest Scheyder (Reuters) – Sigma Lithium is working with Bank of America to coordinate talks with parties interested in acquiring it, the chief executive of the miner, which produces the metal used to make electric vehicle batteries, told Reuters on Friday. The deal discussions come amid a supply crunch for lithium. Sigma earlier this…
By Caroline Valetkevitch NEW YORK (Reuters) -The forecast for second-quarter S&P 500 earnings is looking slightly improved from a week ago, although it remains weak with results in from more than half of the S&P 500 companies, Refinitiv data showed Friday. Second-quarter earnings for S&P 500 companies now are estimated to have fallen 6.4% year…
By Josh Smith and Hyunsu Yim SEOUL (Reuters) – Chinese and Russian officials stood shoulder to shoulder with North Korean leader Kim Jong Un as they reviewed his newest nuclear-capable missiles and attack drones at a military parade in the capital, North Korean state media showed on Friday. The widely anticipated parade in Pyongyang the…
(Reuters) – Russia’s Wagner mercenary group is ready to increase its presence in Africa, its leader Yevgeny Prigozhin told an African news outlet in an audio interview published online earlier this week. “We aren’t reducing (our presence), moreover we’re ready to increase our various contingents,” Prigozhin told Cameroon-based Afrique Media. The telephone interview was posted…
(Reuters) – Southwest Airlines has exercised options for the delivery of 30 Boeing 737 MAX 7 planes next year, and converted 24 existing MAX 7 orders to MAX 8, the company said in an SEC filing on Friday. The move comes two days after Boeing said the first delivery of the 737 MAX 7 was…
