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Ulta Beauty CFO Paula Oyibo quits, picks insider for interim role

(Reuters) -Ulta Beauty said on Wednesday its finance chief Paula Oyibo has quit the role after a little over a year and named insider Chris Lialios as its interim CFO. Oyibo joined the beauty products retailer in 2019 and became its finance chief in ...
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US new vehicle sales set to rise 2.5% in June, report says

(Reuters) -U.S. total new vehicle sales are expected to rise 2.5% to 1.25 million units on an adjusted basis for the month of June, J.D. Power and GlobalData said in a joint report on Wednesday. However, same sales volume without adjusting for the number of ...
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OpenAI says China’s Zhipu AI gaining ground amid Beijing’s global AI push

(Reuters) -OpenAI said on Wednesday its analysts have seen notable progress by Chinese start-up Zhipu AI in securing government contracts across several regions, signaling China’s growing momentum in pursuing global AI leadership. Zhipu AI, which is backed by the Chinese Communist Party, aims to “lock ...
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Santander to sell seven Pennsylvania branches to Community Bank

(Reuters) -Santander said on Wednesday it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank as the Spanish lender pivots towards becoming a digital-first bank in the United States. Santander launched Openbank in the U.S. market late last year ...
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Fed’s Powell heads to Senate panel for second day of testimony

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell resumes two days of Congressional testimony on Wednesday when he appears before the Senate Banking committee after scrutiny before a House panel the day before that focused on the Fed’s concerns the Trump administration’s ...
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Photos show people protesting a NATO summit in The Hague

THE HAGUE, Netherlands (AP) — Demonstrators have gathered in The Hague to protest a two-day summit of NATO leaders, who are expected to agree to a new defense spending target. ____ This is a photo gallery curated by AP photo editors. Brought to you by www.srnnews.com
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General Mills forecasts weak annual profit as economic uncertainty weighs

(Reuters) -General Mills forecast annual profit below expectations on Wednesday, as weak demand for its refrigerated baked goods and snacks in the U.S. in a tariff-driven, uncertain macroeconomic background weighed on the Pillsbury-owner. Economic uncertainty arising from President Donald Trump’s shifting tariff policies has weighed ...
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US stock futures steady as Middle East tensions cool; Powell in focus

By Kanchana Chakravarty and Nikhil Sharma (Reuters) -U.S. stock futures were flat on Wednesday, as a ceasefire between Israel and Iran appeared to be holding and investors awaited more comments from Federal Reserve Chair Jerome Powell. The Nasdaq 100 closed at a record high on Tuesday ...
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Edmunds: Five three-row EVs that are great for big families

Most electric vehicles are five-passenger sedans or SUVs. But automakers are increasingly expanding their lineups to cater to shoppers wanting a three-row EV that can serve as a family hauler. These EVs can seat six or seven passengers, haul lots of cargo, and potentially ...
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Burberry shares rise as brokers forecast resilient results

LONDON (Reuters) -Burberry shares rose on Wednesday as brokerages turned relatively upbeat on the British luxury brand before its first quarter trading statement on July 18. Jefferies and HSBC both raised their target prices for the company’s shares before the results. “Q1 sales should ...
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Pakistan says trade talks with US to conclude next week

By Ariba Shahid KARACHI (Reuters) -Pakistan and the U.S. have resolved to conclude trade talks next week, the South Asian nation said on Wednesday after a meeting between its Finance Minister Muhammad Aurangzeb and U.S. Commerce Secretary Howard Lutnick. The negotiations, focused on reciprocal tariffs, are ...
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Morning Bid: Fed rate bets surge as oil calms

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As the geopolitical center of gravity shifts from the Middle East to the NATO summit, Wall Street turns its attention back to ...
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