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Trump’s Fed shake-up sends Wall St futures higher on rate easing hopes

By Nikhil Sharma and Pranav Kashyap (Reuters) -U.S. stock index futures rose on Friday after President Donald Trump’s temporary pick for a Federal Reserve governor fueled expectations of a more dovish policy ahead. At 6:52 a.m. ET, S&P 500 E-minis were up 19.5 points, or 0.31%, ...
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Under Armour forecasts downbeat second-quarter sales

(Reuters) -Under Armour forecast second-quarter revenue below estimates on Friday as the sportswear maker grapples with muted demand in North America due to still-high inflation and tariff uncertainty. The company now expects quarterly revenue to decline between 6% and 7%, compared with analysts’ average estimate ...
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Morning Bid: Trump Fed forms, Tech hits high

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The S&P 500 may have stalled on Thursday, but the Nasdaq hit a new high, as a week of positive earnings surprises ...
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NHTSA opens audit query into more than 137,000 Kia America vehicles

(Reuters) -The National Highway Traffic Safety Administration said it had opened an audit into 137,256 Kia America vehicles on Friday to assess the effectiveness of the automaker’s remedy for defective piston oil rings in some Seltos and Soul models. In February, Kia America launched ...
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GlobalWafers has received $200 million from CHIPS Act for US projects

By Wen-Yee Lee TAIPEI (Reuters) -Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year. The funding was part of a ...
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SoftBank buys Foxconn’s Ohio plant to jumpstart Stargate AI push, Bloomberg News reports

(Reuters) -SoftBank Group Corp is acquiring Foxconn Technology Group’s electric vehicle plant in Ohio, in a move to launch the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp, Bloomberg News reported on Friday. Foxconn did not immediately respond to ...
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Analysis-Investors betting voters in Bolivia will make a turn to the right

By Johann M Cherian and Rodrigo Campos (Reuters) -Bolivia’s international bonds have rallied ahead of a fiercely contested presidential election, fueled by investors’ hopes that a political U-turn could help shore up the country’s fragile economy and pave the way for an IMF program.  The South ...
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Expedia shares soar on upbeat forecast, US travel rebound

(Reuters) -Shares of Expedia surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint ...
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China narrows gap with US as Germany’s biggest trading partner

By Rene Wagner and Maria Martinez BERLIN (Reuters) -China came close to overtaking the United States as Germany’s largest trading partner in the first half of 2025, preliminary data from the German statistics office showed, as German exports to the U.S. declined amid higher tariffs. German ...
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College endowment tax is leading to hiring freezes and could mean cuts in financial aid

A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S., leading several already to lay off staff or implement hiring freezes. Spending more endowment money on taxes could also lead colleges to reduce financial ...
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MP Materials surges after smaller loss, Pentagon, Apple deals boost outlook

(Reuters) -MP Materials shares jumped more than 10% in premarket trading on Friday, after the U.S. rare earths miner posted higher output, a smaller-than-expected quarterly loss and forecast further production gains. The Las Vegas-based company operates the only U.S. rare earths mine and has seen ...
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UK competition regulator clears Boeing and Spirit AeroSystems merger

(Reuters) -Britain’s competition regulator said on Friday it had cleared Boeing’s planned acquisition of Spirit AeroSystems after deciding against an in-depth investigation into whether the deal would be anti-competitive. The UK’s Competition and Markets Authority did not provide details in its initial statement, which said ...
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