Branson, Virgin Group reputations at centre of $250 million London court clash
By Sam Tobin LONDON (Reuters) – British billionaire Richard Branson severely damaged Virgin Group’s reputation by residing in a tax…
US
Rivian beats estimates for second-quarter EV deliveries, shares jump
By Chavi Mehta (Reuters) -Rivian Automotive beat market estimates for second-quarter deliveries on higher production and stable demand for its…
Spread between 2- and 10-year Treasuries at deepest inversion since ’81
By David Randall (Reuters) – A widely watched section of the U.S. Treasury yield curve hit its deepest inversion on…
US construction spending beats expectations in May on housing
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in May as a severe shortage of houses for sale…
U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report
LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal…
Blackstone REIT says redemption requests declined in June
(Reuters) – Blackstone Real Estate Income Trust (BREIT) said on Monday that redemption requests declined in June after months of…
UBS goes on hiring spree for wealth managers catering to rich Americans
By Tatiana Bautzer NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich…
Glencore proposes to buy remaining stake of PolyMet
(Reuters) – Glencore Plc said on Monday it had proposed to buy the remaining stake in copper miner PolyMet Mining…
Panasonic needs four more EV battery plants, executive says
By Miho Uranaka OSAKA, Japan (Reuters) -The battery arm of Japan’s Panasonic will need to build four more factories to…
Marketmind: Second-half lift, Tesla beat
A look at the day ahead in U.S. and global markets from Mike Dolan A holiday-staggered week for U.S. markets…