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Spain sweltered under hottest summer on record

MADRID (AP) — Spain said Tuesday that this summer was the hottest on record for the southern European nation, which like the entire Mediterranean region is being hard hit by climate change. Spain’s national weather service said that the country had an average temperature of ...
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Brazil’s finance minister sees rate cuts in coming months

BRASILIA (Reuters) -Brazilian Finance Minister Fernando Haddad said on Tuesday he expects interest rate cuts to begin in the coming months, citing a more favorable foreign exchange outlook in Latin America’s largest economy. “I believe there will be room for rate cuts … in ...
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US online holiday sales growth to slow as shoppers tighten budgets, Salesforce forecasts

(Reuters) – U.S. online sales growth during the 2025 holiday season is expected to slow from last year, as price-conscious shoppers stay picky with their spending amid rising living costs, according to a Salesforce forecast released on Tuesday.  Salesforce projects online ...
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US manufacturing output unexpectedly rises on rebound in motor vehicle production

WASHINGTON (Reuters) -U.S. factory production unexpectedly increased in August amid a rebound in the output of motor vehicles and some nondurable goods, though tariffs continued to cast a shadow over the manufacturing sector. Manufacturing output rose 0.2% last month after a downwardly revised 0.1% fall ...
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Charlie Javice deserves 12 years prison for defrauding JPMorgan, US says

By Jonathan Stempel NEW YORK (Reuters) -Charlie Javice, the entrepreneur convicted for defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175 million, should spend 12 years in prison for her crimes, U.S. prosecutors said. In a filing late Monday night in Manhattan ...
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US retail sales beat expectations in August; weakening labor market dims outlook

WASHINGTON (Reuters) -U.S. retail sales increased more than expected in August, but momentum could ease amid labor market weakness and rising goods prices because of tariffs on imports. Retail sales rose 0.6% last month after an upwardly revised 0.6% advance in July, the Commerce Department’s ...
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US housing market to remain stuck in a rut as high rates choke demand: Reuters poll

By Sarupya Ganguly BENGALURU (Reuters) -The United States’ sluggish housing market will remain weak through next year as high mortgage rates stifle demand with only a modest rebound expected in 2027, a Reuters survey of property experts showed. Persistent supply shortages and stretched affordability have kept most ...
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Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes

NEW YORK (AP) — Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school purchases, even as President Donald Trump’s tariffs are starting to hurt the job market and lead to price hikes. Retail sales rose 0.6% last month from ...
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US treasury secretary anticipates final TikTok deal after Trump, Xi talk

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday he anticipated a final deal on the short-video app TikTok when President Donald Trump speaks with Chinese leader Xi Jinping on Friday. China had a long list of asks during talks this week in Madrid, ...
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How a Texas refinery turns Amazon-destroying cattle into ‘green’ jet fuel

By Fabio Teixeira, Manuela Andreoni and Allison Lampert XINGUARA (Reuters) -A Texas refinery that supplies green fuel to U.S. airlines has been purchasing animal fat from cattle raised on illegally cleared lands in the Amazon rainforest, according to a Reuters review of government tracking data, ...
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China Evergrande liquidators appointed as receivers over founder’s assets

HONG KONG (Reuters) -China Evergrande Group’s liquidators have been appointed to identify and preserve the assets of founder Hui Ka Yan, the Hong Kong High Court said in a ruling on Tuesday. Hui, once one of China’s richest people, has not been seen in public ...
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Morning Bid: Dollar takes Fed heat

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets An “everything rally” in markets greets the start of a two-day Federal Reserve meeting, with stocks at record highs, bond yields subsiding ...
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