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Senate strikes AI provision from GOP bill after uproar from the states

WASHINGTON (AP) — A proposal to deter states from regulating artificial intelligence for a decade was soundly defeated in the U.S. Senate on Tuesday, thwarting attempts to insert the measure into President Donald Trump’s big bill of tax breaks and spending cuts. The Senate voted ...
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Activist investors slow pace of demands amid global uncertainties-data

By Svea Herbst-Bayliss NEW YORK(Reuters) -Activist investors who push companies for operational changes and management shake-ups waged fewer campaigns during the first half of 2025 as tariffs, wars and U.S. President Donald Trump’s unpredictable policies made them more cautious, new data show. The pace of investor ...
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HSBC raises average gold price forecasts for 2025 and 2026

(Reuters) -HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from $2,915, citing elevated risks and government debt. Gold tends to perform well during periods of economic uncertainty and geopolitical tension, which lifted spot ...
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BlackRock eyes shorter-term bets amid shaky global economic foundations

By Davide Barbuscia NEW YORK (Reuters) -The BlackRock Investment Institute (BII) said on Tuesday that growing uncertainty around traditionally stable, long-term economic trends is pushing it toward shorter-term strategies amid an increasingly unclear global economic outlook. For decades, markets have relied on core principles such as ...
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M&S CEO: Most of cyberattack impact will be behind us by August

LONDON (Reuters) -Most of the impact of the cyberattack which hit Marks & Spencer <M&S> in April will be behind it by August, Chief Executive Stuart Machin told shareholders at the retailer’s annual general meeting on Tuesday. He said that the half of its online ...
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Rare earth magnet users jolted into paying premium prices for ex-China supply

By Eric Onstad and Hyunjoo Jin LONDON/SEOUL (Reuters) -For years, Rahim Suleman had reached out repeatedly to automakers and other potential clients to market the rare earth magnets from the plant his company was building in Estonia, one of just a handful outside dominant producer ...
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Morning Bid: Senate’s vote-a-rama continues

(Reuters) -The opinions expressed here are those of Dhara Ranasinghe, Editor, Financial Markets, EMEA. All eyes remain focused on Washington, with Senate Republicans still locked in a marathon session, known as “vote-a-rama”, as they try to pass a contentious tax cut and spending bill that ...
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Futures dip after record run as investors focus on Trump’s tax bill

(Reuters) -U.S. stock futures dipped on Tuesday, following a record run for Wall Street indexes, as investors monitored U.S. trade talks and a Senate voting marathon over President Donald Trump’s tax and spending bill. The S&P 500 and the Nasdaq Composite reached record closing ...
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US second-quarter auto sales set to rise, tariffs may drive up prices

(Reuters) -U.S. auto sales are set to rise in the second quarter aided by sustained demand, but industry experts forecast President Donald Trump’s tariffs to pressure prices in the months ahead. Market research firm Cox Automotive expects U.S. new-vehicle sales volume to climb about 1.7% ...
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Nasdaq prevails over NYSE in first-half listings, buoyed by blockbuster IPOs

By Anirban Sen NEW YORK (Reuters) -Nasdaq handily beat the New York Stock Exchange in stock market listings during the first half of 2025, buoyed by blockbuster initial public offerings of big names like CoreWeave and Chime and a jump in proceeds raised via special ...
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Analysis-Six questions facing US stock investors as 2025’s second half kicks off

By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market completed a roller-coaster first half of the year at record-high levels but a host of factors could knock equities off their perch over the rest of 2025. The benchmark S&P 500 is up over 5% on ...
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Citigroup hires ex-Nomura veteran Kiyota, insider Nagasaka as Japan co-heads for investment banking

(Reuters) -Citigroup Inc has hired veteran investment banker Akira Kiyota from Nomura Holdings Inc and promoted insider Taiji Nagasaka as co-heads of investment banking for Japan, it said on Tuesday. The appointments, effective October 1, underscore a push by Wall Street banks to expand ...
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