Arabica coffee prices gained 4.5% on Wednesday, with robusta coffee also posting sharp gains, as traders and brokers see a temporary halt in Brazil coffee selling due to harvest delays caused by rains.World sugar prices, meanwhile, also rallied, with white sugar scaling 9-1/2-month peaks, as drough…
By Blake BrittainE-commerce company Shopify NASDAQ:SHOP has settled a lawsuit that accused a rival company of copying its software to build a competing platform.Shopify and Shopline, a subsidiary of technology company JOYY Inc NASDAQ:JOYY, in a filing in federal court in Manhattan on Tuesday asked…
By Diana Novak JonesA California man sued OpenAI and its CEO Sam Altman on Wednesday, claiming the company's ChatGPT platform exacerbated his bipolar disorder due to a lack of safeguards for users with mental illness.Michael Lines, 34, said in the complaint filed in state court in San Francisco tha…
By Brad Brooks, P.J. Huffstutter and Maria TsvetkovaRecord-breaking temperatures spread to the eastern U.S. from the Midwest on Wednesday, putting tens of millions of people under heat warnings expected to last into the July 4 holiday weekend, when Americans will celebrate the nation's 250th annive…
By Courtney Rozen and Jody GodoyThe Federal Trade Commission on Wednesday said AI companies whose chatbots produce responses that reflect "ideological objectives" may violate federal law, as part of a proposed policy on how the FTC will apply its authority to the sector.The FTC said AI companies th…
By Karen BrettellThe dollar gained ahead of a closely watched U.S. jobs report due on Thursday, but pared its earlier increase after Federal Reserve Chair Kevin Warsh said that inflation expectations and inflation risks have eased in recent weeks.The Japanese yen, which had earlier slumped to a 40…
SHELL SHUFFLES ENERGY TRADING BOSSES AS DAVID WELLS RETIRES - BLOOMBERG NEWSWELLS WILL BE SUCCEEDED BY BOB KIJKUIT, SHELL’S ENERGY TRADING VICE PRESIDENT OF EUROPE AND AFRICA - BLO
By Chuck MikolajczakU.S. Treasury yields climbed on Wednesday to kick off July but pulled back from earlier levels after a round of economic data and comments from Federal Reserve Chairman Kevin Warsh.Speaking on a panel of central bankers in Sintra, Portugal, Warsh said inflation expectations and…
By Maria Rugamer and Kanjyik GhoshFranco-German defence group KNDS has put plans for a stock market listing on hold until market conditions improve, it said on Wednesday, shelving what would have been one of Europe's largest defence IPOs in recent years.KNDS said last month it planned to list share…
By Valerie Volcovici and Timothy GardnerValar Atomics, a nuclear power startup, said on Wednesday it is partnering with Nvidia NASDAQ:NVDA to develop a small data center in Utah that the companies claim will show how computing facilities needed for AI can conserve water.California-based Valar annou…
Elon Musk on Wednesday denied a Wall Street Journal report that SpaceX NASDAQ:SPCX showed investors and other stakeholders a prototype of an AI-focused device ahead of its blockbuster IPO."Utterly false," Musk said in a post on X, without elaborating.The Journal had reported, citing people familiar…
Federal Reserve Chairman Kevin Warsh is bringing Samantha Schwab, a senior adviser to Treasury Secretary Scott Bessent, to the U.S. central bank as an adviser, a source familiar with the matter said on Wednesday.
By Steven ScheerThe International Monetary Fund lowered its estimate for Israel's economic growth in 2026 to 3.5% from a prior 4.8%, it said on Wednesday citing regional tensions.In a report, the IMF also expects inflation to rise temporarily due to higher energy prices and supply constraints despi…
The second corn crop in Brazil is seen at 107.5 million metric tons for the 2025/2026 season, consultancy firm StoneX said on Wednesday, increasing its estimate by 1.4% from a previous June outlook.SOYBEANS
By Anzar MehrajSony TSE:6758 said on Wednesday it will stop producing physical discs for all new games released on PlayStation consoles from January 2028, marking a full shift to digital distribution as consumer purchases continue to move online.Digital downloads accounted for about 80% of Sony's f…
Robinhood NASDAQ:HOOD said on Wednesday it plans to launch crypto trading in the UK and broadened its perpetual futures offering in Europe beyond cryptocurrencies.Here are some details:
The U.S. Justice Department said on Wednesday that Alibaba and AUS Merchant Services have agreed to pay $600 million to resolve allegations that they failed to prevent illegal sales of pharmaceuticals.Alibaba did not immediately respond to a request for comment.
By Caroline Valetkevitch and Niket NishantThe S&P 500 was little changed in afternoon trading on Wednesday, but sharply higher shares of Meta Platforms provided some support along with comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.Warsh also said he will st…
By Julie IngwersenU.S. wheat futures rose on Wednesday, extending a rebound from multi-month lows as market players digested smaller-than-expected acreage estimates for the U.S. and Canada, analysts said.Corn rose on supportive quarterly U.S. stocks data and soybean futures firmed on optimism about…
A 19-year-old man accused of being a member of the criminal hacking group "Scattered Spider" was extradited to the U.S. from Finland to face federal conspiracy charges in Illinois, the Justice Department said on Wednesday.Peter Stokes, a dual citizen of the U.S. and Estonia, faces conspiracy, compu…
