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As summers grow deadlier, here’s what to know about utility shutoffs

NEW YORK (AP) — As the cost of electricity outpaces inflation and summers grow deadlier, consumer advocates are sounding alarms about the risks to low-income people who can’t afford consistent air conditioning in dangerous temperatures. While about half of U.S. states offer protections from ...
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Trump crypto backer Justin Sun says his World Liberty tokens frozen

(Reuters) -Justin Sun, one of the biggest known backers of President Donald Trump’s World Liberty Financial crypto venture, said on Friday that his tokens had been frozen, without giving further details. Sun had spent at least $75 million on World Liberty Financial tokens, known as ...
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Tesla board recommends record $1 trillion package for Musk

(Reuters) -Tesla’s board has proposed an unprecedented $1 trillion compensation plan for CEO Elon Musk, putting the spotlight on Musk’s hold on the electric-vehicle maker as it looks to pivot into robotaxis and humanoid robots. COMMENTS: PETER ANDERSEN, FOUNDER, ANDERSEN CAPITAL MANAGEMENT, BOSTON “Investors were on ...
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South Korea expresses ‘concern’ over US immigration raid at Hyundai’s Georgia plant

SEOUL, South Korea (AP) — South Korea on Friday expressed “concern and regret” over a major U.S. immigration raid at a sprawling Georgia site where South Korean auto company Hyundai manufactures electric vehicles, which officials said led to the detainment of an unspecified number ...
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Trump’s wind war clouds Orsted’s $9.4 billion survival plan

By Stine Jacobsen, Jacob Gronholt-Pedersen and Nora Buli COPENHAGEN (Reuters) -Danish offshore wind developer Orsted cut its 2025 profit outlook on Friday, just hours before it is poised to secure shareholder approval for a $9.4 billion emergency rights issue as it seeks to avert a looming credit ...
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China export growth seen slowing in August as US trade truce boost fades: Reuters poll

By Joe Cash BEIJING (Reuters) – China’s export growth probably slowed in August, weighed down by weaker shipments to the U.S. as a temporary boost from Beijing’s tariff truce with its top consumer market fades. The threat of higher U.S. duties on ...
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Analysis-Nestle CEO shake-up overshadows broader malaise

By John Revill and Oliver Hirt ZURICH (Reuters) -Swiss food giant Nestle, roiled by the sudden ouster of its CEO, faces a stern challenge with investors and analysts urging it to slim down in a tough consumer market as rivals cut costs and even break ...
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Asian shares climb after another Wall Street record and hopes for cuts to U.S. interest rates

MANILA, Philippines (AP) — Asian shares rose on Friday after U.S. stocks climbed to a record as Wall Street made its final moves ahead of an update on the American job market that could clear the way for cuts to interest rates that investors ...
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Lackluster US job growth anticipated in August; focus on revisions

By Lucia Mutikani WASHINGTON (Reuters) -Forecasts for tepid U.S. job growth in August and a rise in unemployment to 4.3%, if accurate, would confirm a softening labor market and seal the case for an interest rate cut from the Federal Reserve this month. The Labor Department’s ...
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Morning Bid: Markets bet big on Goldilocks payrolls number

A look at the day ahead in European and global markets from Kevin Buckland Markets are in buoyant mood, clearly anticipating Friday’s hotly awaited U.S. payrolls report will keep the Fed on course to cut rates this month and once more by year-end. It was the ...
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Japan explores Alaskan LNG purchases as part of $7 billion energy deal, US-Japan statement shows

TOKYO (Reuters) -Japan has confirmed its commitment to an annual $7 billion worth of energy purchases from the United States while exploring their new Alaskan liquefied natural gas (LNG) off-take agreement, a joint statement on the bilateral trade deal showed on Friday. The U.S. will ...
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‘It’s Europe vs China’ as Chinese brands crowd Munich car show

By Nick Carey, Christoph Steitz and Christina Amann LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week’s Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC ...
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