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CME beats profit estimates as volatility drives record trading quarter

(Reuters) -Derivatives exchange CME Group beat Wall Street estimates for second-quarter profit on Wednesday, as record volatility boosted demand for its products, which are often used to hedge against macroeconomic uncertainty. The company, which facilitates trading of futures and options, benefits during volatile periods, ...
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Moody’s reports higher second-quarter profit on analytics unit strength

(Reuters) -Ratings agency Moody’s reported a rise in second quarter profit on Wednesday, driven by robust gains in its data and analytics unit and an increase in government borrowing. Demand for market analytical tools rose in the reported quarter as investors sought health checks ...
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NextEra Energy beats quarterly profit estimates on renewables growth, AI-driven power demand

(Reuters) -NextEra Energy beat Wall Street estimates for second-quarter adjusted profit on Wednesday, driven by strong performance in its renewables unit amid rising power demand from AI data centers and hyperscalers. Power consumption in the U.S. is expected to reach record highs in 2025 and ...
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Highly shorted Krispy Kreme, GoPro jump as meme stock rally continues

By Shashwat Chauhan (Reuters) -Shares of Krispy Kreme, GoPro and a few other highly shorted U.S. companies jumped before the bell on Wednesday, with their names trending on social media forums a day after retail traders piled into department store company Kohl’s. Doughnut chain Krispy Kreme ...
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Hasbro lifts annual revenue forecast on strong demand for “Magic: The Gathering” games

(Reuters) -Hasbro raised its annual revenue forecast on Wednesday, as the toymaker leans on strength of “Magic: The Gathering” games and cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty. The company’s shares rose about 3% in premarket trading as the Monopoly ...
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US Fed independence under threat, say economists, but no one expects a July rate cut- Reuters poll

By Indradip Ghosh BENGALURU -The U.S. Federal Reserve’s independence is under threat from mounting political interference, according to a clear majority of economists polled by Reuters, although no one expects a July interest rate cut despite a recent divergence in views among policymakers. President Donald Trump has ...
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Hilton lifts 2025 profit forecast on US demand recovery expectations

(Reuters) -Hilton Worldwide lifted its forecast for 2025 profit on expectations of a complete recovery in domestic travel demand in the U.S. after a sharp pullback in March and April. Domestic travel suffered a setback earlier this year after U.S. President Donald Trump’s aggressive ...
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Morning Bid: Japan deal electrifies markets

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets What had been a quiet week in markets was electrified by a U.S.-Japan trade deal overnight, catapulting Japan’s Nikkei stock index up ...
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Payments firm Corpay signs $2.2 billion deal for UK’s Alpha Group

(Reuters) -Business payments firm Corpay said on Wednesday it would buy British financial services provider Alpha Group in a $2.2 billion deal. The deal will accelerate Corpay’s entry into the investment funds customer segment. Alpha Group provides cross border financial offerings to corporations and investment funds ...
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Edmunds: Five expert tips to make cross-country EV driving easy

The idea of a cross-country road trip in an electric vehicle might seem daunting. After all, it’s not hard to envision getting stranded on the side of the road with a depleted battery or being stuck in a parking lot, charging for hours. But ...
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Turkey and Britain sign preliminary deal for Eurofighter Typhoon jets

ANKARA, Turkey (AP) — Turkey and Britain on Wednesday signed a preliminary agreement for the sale of Eurofighter Typhoon fighter jets to Turkey, a significant step in Ankara’s efforts to modernize its air fleet. Turkish Defense Minister Yasar Guler and his British counterpart, John Healey, ...
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Trump to outline AI priorities amid tech battle with China

By Jarrett Renshaw and Alexandra Alper (Reuters) -The Trump administration is set to release a new artificial intelligence blueprint on Wednesday that aims to relax American rules governing the industry at the center of a technological arms race between economic rivals the U.S. and China. ...
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