(Reuters) -New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., on Monday filed for an initial public offering of up to $300 million in the United States. The move is the latest in a series of ventures by U.S. President Donald Trump’s family, including a meme coin launched…
WASHINGTON (Reuters) -The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. “We’re not going to rush for the sake of doing deals,” Bessent told CNBC…
By Sarah N. Lynch (Reuters) -A former Louisville police officer will be sentenced on Monday for violating Breonna Taylor’s rights during the raid in which she was shot and killed, with President Donald Trump’s Justice Department asking the judge to imprison him for just one day. The surprising request by the department’s Civil Rights Division…
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes eased while the dollar strengthened against major currencies on Monday as investors awaited the next announcements in the White House’s trade negotiations. Longer-dated U.S. Treasury yields edged higher. The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said…
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.4% to $160.98 in morning trading,…
HOUSTON -Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday. Oil and gas production decreased slightly. Meanwhile, costs among oilfield service firms rose at a slightly faster pace in the second quarter compared with the…
By Davide Barbuscia NEW YORK (Reuters) -Surging U.S. government debt may sap investor appetite for key U.S. assets like long-dated Treasuries and the dollar, bolstering the case for turning to opportunities beyond U.S. borders, BlackRock said on Monday. President Donald Trump’s tariffs spurred market volatility this year and raised doubts over the dollar’s status as…
(Reuters) -Cooler-than-expected U.S. inflation last month deepened conviction in financial markets on Wednesday that the Federal Reserve will start cutting interest rates by September and deliver a second reduction by the end of this year. A U.S. government report showed the Consumer Price Index – a measure of underlying inflation – rose just 0.1% in…
(Reuters) -Voyager Technologies raised $382.8 million in its U.S. initial public offering, the space and defense tech company said on Tuesday, amid a global rush to amp up military spending. The company, which provides mission-critical space and defense technology solutions, along with some investors sold roughly 12.35 million shares at $31 per share, above its…
By Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney and Comcast’s Universal filed a copyright lawsuit against Midjourney on Wednesday, calling its popular AI-powered image generator a “bottomless pit of plagiarism” for its use of the studios’ best-known characters. The suit, filed in federal district court in Los Angeles, claims Midjourney pirated the libraries of the…
