By Jacqueline Thomsen (Reuters) -Clergy members of five religions sued the state of Florida on Monday over a new law criminalizing most abortions in the state after 15 weeks of …
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By Fergal Smith TORONTO – Canada’s main stock index fell on Tuesday, giving back some recent gains, as a slowdown in manufacturing activity as well as rising tensions between the …
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By Hannah Lang (Reuters) -Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 23% of its employees, sending its shares down more than 3% in …
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Financial News
Steelmaker Ternium reports 19% drop in Q2 net profit as costs grow
by Reutersby ReutersMEXICO CITY -Steel producer Ternium reported on Tuesday a 19% drop in its second-quarter net profit from the year-ago period, as the costs of sales and expenses grew. The company’s …
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Top HeadlinesUS and World News
Biden names U.S. monkeypox coordinators as more states cite emergencies
by Reutersby ReutersWASHINGTON -President Joe Biden has appointed two top federal officials to coordinate his administration’s response to monkeypox, the White House said on Tuesday, as more states declared emergencies to help …
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Financial News
Gold Fields CEO: Shareholder buy-in for Yamana takeover is still ‘work in progress’
by Reutersby ReutersKALGOORLIE, Australia – Gold Fields Chief Executive Chris Griffith said on Tuesday that convincing the company’s shareholders to back its takeover offer for Canada’s Yamana Gold was still a “work …
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By Ron Bousso and Shadia Nasralla LONDON – BP’s second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to …
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Top HeadlinesUS and World News
UK leadership favourite Liz Truss U-turns on pay plan in first big misstep
by Reutersby ReutersBy Andrew MacAskill and Kylie MacLellan LONDON -British foreign minister Liz Truss, the front-runner to replace Boris Johnson as prime minister, was forced to backtrack on one of her most …
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Financial News
Robinhood’s crypto arm fined $30 million by New York State’s financial regulator
by Reutersby Reuters(Reuters) – New York State’s financial regulator has fined the crypto arm of Robinhood Markets Inc $30 million for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules. The New …
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(Reuters) -Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup to manage the process, months after it pulled out of a deal to …
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Top HeadlinesUS and World News
How the CIA identified and killed Al-Qaeda leader Zawahiri
by Reutersby ReutersWASHINGTON – Al Qaeda leader Ayman al-Zawahiri was killed in a U.S. strike in Afghanistan over the weekend, the biggest blow to the militant group since its founder Osama bin …
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Financial News
Fed officials stay resolute on need to make policy more restrictive
by Reutersby ReutersBy Lindsay Dunsmuir and Dan Burns (Reuters) -A trio of Federal Reserve officials from across the policy spectrum signaled on Tuesday that they and their colleagues remain resolute and “completely …
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Financial News
Fed has more work to do with inflation not having peaked, Mester says
by Reutersby Reuters(Reuters) – The Federal Reserve has further to go on raising interest rates as inflation has not even peaked yet, Cleveland Fed President Loretta Mester said on Tuesday. “We have …
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Top HeadlinesUS and World News
Griner’s Russian trial should be over ‘very soon’, lawyer says
by Reutersby ReutersKHIMKI, Russia -The Russian drugs trial of U.S. basketball star Brittney Griner should be over “very soon”, her lawyer said on Tuesday, as the Kremlin warned the United States that …
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Financial News
Mexican union urges U.S. labor complaint at BBB auto-parts plant
by Reutersby ReutersBy Daina Beth Solomon MEXICO CITY -A Mexican union on Tuesday said it will request a U.S. labor complaint over alleged worker rights violations at a BBB Industries auto-parts plant …
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Biden continues to test positive for COVID, his doctor says
by Reutersby ReutersWASHINGTON -U.S. President Joe Biden continued to test positive for COVID-19 on Tuesday and will maintain his isolation procedures, but he is feeling well and does not have a fever, …
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Financial News
Uber turns cash flow positive for the first time in bumper quarter
by Reutersby ReutersBy Nivedita Balu (Reuters) – Uber Technologies Inc reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people …
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Financial News
U.S. job openings fall to nine-month low; labor market holds tight
by Reutersby ReutersBy Lucia Mutikani WASHINGTON – U.S. job openings fell by the most in just over two years in June as demand for workers eased in the retail and wholesale trade …
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Financial News
Banks must reflect cost of living crisis in pay, says UK watchdog
by Reutersby ReutersBy Huw Jones LONDON – Britain’s financial watchdog said on Tuesday that the cost of living crisis, meeting climate targets and improving diversity should be reflected in how banks determine …
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By Doyinsola Oladipo NEW YORK -Marriott International Inc on Tuesday topped Wall Street estimates for quarterly revenue and profits, helped by higher by occupancy levels and pricier rates as travelers …
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By Arunima Kumar (Reuters) – Marathon Petroleum smashed quarterly profit estimates on Tuesday, the latest U.S. refiner to benefit from a surge in fuel prices due to strong demand and …
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Financial News
Fed’s Daly: More to do on inflation; 2023 rate cuts not her ‘modal’ outlook
by Reutersby ReutersBy Dan Burns (Reuters) -The Federal Reserve’s work of bringing down inflation is “nowhere near” done, San Francisco Fed President Mary Daly said on Tuesday, adding U.S. central bank officials …
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Top HeadlinesUS and World News
China to launch ‘targeted military operations’ due to Pelosi visit
by Reutersby ReutersBEIJING -The Chinese military has been put on high alert and will launch “targeted military operations” in response to U.S. House Speaker Pelosi’s visit to Taiwan, China’s defence ministry said …
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Financial News
Ferrari lifts 2022 forecasts after strong Q2 results, record orders
by Reutersby ReutersBy Giulio Piovaccari MILAN – Ferrari beat earnings forecasts and reported record orders in the second quarter, prompting the luxury sports car maker to raise its full-year targets, as Portofino …
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Financial News
Horror author Stephen King says writers hurt by book publishing mergers
by Reutersby ReutersBy Diane Bartz WASHINGTON -Horror author Stephen King said writers will have fewer places to shop their books if Penguin Random House is allowed to merge with Simon & Schuster, …