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Wall St futures steady as investors await Mideast deal updates; Dell soars

May 29 (Reuters) - U.S. stock index futures were steady on Friday, after closing at record highs in the previous session, with markets awaiting details on reports that the U.S. and Iran has reached a deal. Sources told Reuters that Washington and Tehran ...
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Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

By Akriti Shah May 29 - Shares of apparel makers Gap and American Eagle Outfitters dropped 15% and 10%, respectively, in premarket trade on Friday after weak annual forecasts, as consumers curb discretionary spending amid a tough macroeconomic climate. Gap cut its annual sales forecast, while ...
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ABC stations call FCC’s early call for license renewal ‘unconstitutional’

WASHINGTON (AP) - Local TV stations owned by ABC across the United States blasted the Federal Communications Commission on Thursday for launching an "unlawful, arbitrary and unconstitutional" early review of their broadcast licenses as a dispute between the network and the Trump-controlled agency intensifies. ...
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Hedgeye launches ETF focusing on index inclusion candidates

By Suzanne McGee PROVIDENCE, RHODE ISLAND, May 28 (Reuters) - Hedgeye Asset Management rolled out a new exchange-traded fund designed to profit from the forced buying on the part of index funds and asset managers who try to hew closely to index allocations whenever their ...
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KPMG Australia says CEO and audit head quit over whistleblower investigation

SYDNEY, May 29 (Reuters) - Accounting firm KPMG Australia said on Friday its CEO and head of audit quit after an investigation into complaints raised by a whistleblower about sharing client data fell short of its standards, in a blow to the country's professional ...
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BHP’s Port Hedland electrical workers to vote on work stoppage after union talks stall

May 29 (Reuters) - Electrical workers at BHP's Port Hedland bulk port terminal will vote on work stoppages following six months of failed talks with management, the Electrical Trades Union said on Friday. The ballot follows six months of stonewalling, during which workers ...
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Trump admin sent $20.6B in tariff refunds so far: Court filing

(NEW YORK) -- A court filing shows how businesses are getting money back from the U.S. government after the Supreme Court ruled many of President Donald Trump's tariffs were illegal.The Trump administration has sent out $20.6 billion in tariff refunds so far, according to ...
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Wealthy families cut dollar exposure, survey finds

ZURICH, May 28 (Reuters) - The world's richest families are trimming exposure to the U.S. dollar as geopolitical tensions and rising sovereign debt drive a broader rethink of portfolio risk, UBS said in a report published on Thursday. About two-thirds of ...
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Chevron files request to acquire offshore Greek block, energy ministry says

ATHENS, May 28 (Reuters) - U.S. oil major Chevron has filed an official request to take over a 70% stake from Greece's Helleniq Energy in an offshore block southwest of Greece, the Greek energy ministry said on Thursday, in a move that would ...
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Australia’s ABC names Reuters executive Robinson as news director

SYDNEY, May 28 (Reuters) - The Australian Broadcasting Corporation has appointed a senior Reuters executive, Simon Robinson, as its director of news and current affairs, the two news organisations said on Thursday. Robinson, now executive editor at Reuters, will start with the Australian public broadcaster ...
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Australia launches record $1.4B lawsuit against 3M over ‘forever chemicals’ at defense bases

MELBOURNE, Australia (AP) - Australia is suing U.S. conglomerate 3M for more than 2 billion Australian dollars ($1.4 billion) over so-called "forever chemical" contamination from firefighting foam at defense bases, the government said on Thursday. The government's largest-ever claim for compensation relates to contamination with ...
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Dollar likely to weaken over long-term due to U.S. fiscal dynamics, JPMorgan Asset Management exec says

LONDON, May 28 (Reuters) - The dollar will likely weaken over the long-term given concerns over elevated U.S. debt levels, the EMEA CEO of JPMorgan Asset Management said on Thursday. The dollar, the world's No.1 reserve currency, has risen roughly 1.8% since the start ...
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