(Reuters) -Florida Governor Ron DeSantis, who is running for the 2024 Republican presidential nomination, was involved in a car accident in Tennessee on Tuesday but is uninjured, his spokesperson said. “This morning, the governor was in a car accident while traveling to an event in Chattanooga, Tennessee,” the spokesperson, Bryan Griffin, said in a statement….
By Lucy Raitano LONDON (Reuters) – Euro zone manufacturing activity is deteriorating fast, as evidenced by Monday’s Purchasing Managers surveys, and yet European cyclical stocks are on a tear versus their defensive counterparts – a dynamic analysts say can’t last. The performance of European cyclical stocks versus defensive stocks, and year-on-year percentage changes in the…
(Reuters) -Binance and its CEO, Changpeng Zhao, are planning to seek the dismissal of a regulator’s complaint, accusing it of violating the Commodity Exchange Act and certain related federal regulations, the company’s court filing showed on Monday Binance is due to submit its response to the Commodity Futures Trading Commission (CFTC) complaint on July 27…
By Howard Schneider WASHINGTON (Reuters) – With the Federal Reserve steaming toward another interest rate hike this week, policymakers face a choice over how much weight to put on recent economic data that has made hoped-for outcomes on inflation and unemployment seem more likely while also posing a risk the economy is too strong to…
(Reuters) – PACCAR Inc beat market estimates for second-quarter profit and sales, helped by strong demand for its trucks and aftermarket parts. A strong freight market and a focus on bolstering logistics networks amid sustained e-commerce deliveries aided demand for long-haul trucks, boosting sales for companies such as PACCAR. A global shortage of semiconductors and…
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday called for better coordinated efforts to address the causes of climate change, warning extreme weather is posing material risks to countries globally, especially developing economies already saddled with high debts. IMF Chief Economist Pierre-Olivier Gourinchas said the case of Argentina, which has seen…
(Reuters) – Dover Corp on Tuesday forecast annual profit largely below Wall Street expectations and missed second-quarter estimates, as manufacturing and shipment disruptions due to a system upgrade hit the company’s vehicle services business. Shares of the company were down 3.6% at $146.50 in premarket trading. The industrial equipment manufacturer expects its full-year adjusted profit…
By David Milliken LONDON (Reuters) – The International Monetary Fund confirmed its latest forecast for British economic growth this year, saying cheaper energy, better relations with the European Union and calmer financial markets had improved the outlook since the start of 2023. Britain’s gross domestic product is expected to grow 0.4% this year and 1.0%…
By Ludwig Burger and Maggie Fick FRANKFURT/LONDON (Reuters) – Frustrated after countless failed diet and exercise attempts, 41 year-old Jessica Lenth from Hamburg has started putting money aside for a drug that she sees as a possible door to a life without obesity. Interviews with seven doctors and two other potential users of Wegovy from…
By David Randall NEW YORK (Reuters) – Some investors are giving the shares of dividend-rich companies a second look as expectations grow that the Federal Reserve is nearing the end of a rate-hiking cycle that has lifted bond yields to their highest level in nearly two decades. The Fed’s most aggressive rate increases in a…
