By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast. Tesla’s shares tumbled 9.74%, its biggest one-day…
By Shivansh Tiwary (Reuters) -Shares of American Airlines fell on Thursday as its outlook for the second half of the year disappointed investors even as the company lifted its full-year profit forecast and posted higher-than-expected quarterly earnings. American forecast adjusted profit of $3.00 to $3.75 per share for 2023 compared with its prior outlook of…
By David Shepardson WASHINGTON (Reuters) – Donald Trump on Thursday urged the United Auto Workers union to back his campaign, a day after the union’s president met with President Joe Biden after raising concerns about electric- vehicle policies. Trump, the former Republican president seeking a return to office in 2024, said Democrat Biden was “waging…
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken will travel to Tonga, New Zealand and Australia next week to discuss regional security and cooperation and attend the FIFA Women’s World Cup, the State Department said on Thursday. Blinken plans to dedicate a new U.S. Embassy in Nukuʻalofa, Tonga, a Pacific island the United States considers…
By Safiyah Riddle (Reuters) – An index designed to track turns in U.S. business cycles fell for the 15th straight month in June, dragged down by a weakening consumer outlook and increased unemployment claims, marking the longest streak of decreases since the lead-up to the 2007-2009 recession. The Conference Board on Thursday said its Leading…
By Clark Mindock (Reuters) – A U.S. appeals court on Thursday declined to reconsider lawsuits challenging the Environmental Protection Agency’s finding that greenhouse gasses, including carbon dioxide, pose a danger to human health and welfare. The full U.S. Court of Appeals for the District of Columbia Circuit denied a petition for rehearing en banc filed…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The bigger they are, the harder they fall. The old maxim wasn’t originally a reference to stock prices, but it’s a pretty apt summary of Wall Street’s moves on Thursday that will likely set a…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden asked a group of aides to explore “all legal and policy options” to prevent another debt limit standoff, the White House said on Thursday. Last month, the Democratic president signed a bipartisan deal after excruciating negotiations with Republican House Speaker Kevin McCarthy that narrowly averted…
By David Shepardson WASHINGTON (Reuters) -A Fiat Chrysler auto engineer charged with making misstatements to U.S. regulators about diesel engines’ emission control systems pleaded guilty to a felony, the U.S. Justice Department said on Thursday. The Justice Department said the guilty plea by Emanuele Palma accompanies the earlier conviction of Fiat Chrysler, now part of…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months amid ongoing labor market tightness and defying efforts by the Federal Reserve to slow demand. The second straight weekly decline in claims reported by the Labor Department on…
