By Trevor HunnicuttThe newsletter is coming to you this week from Medora, North Dakota, where Donald Trump delivered a message about presidential power. The Supreme Court handed Trump a major win, and the president marked the victory by indulging comparisons with one of America’s most powerful hist…
Bank of England policymaker Catherine Mann said that a decline in market expectations for Bank of England rate hikes since June's Monetary Policy Committee meeting would be an important factor in her next policy vote later this month.Speaking at an event hosted by French bank Natixis, Mann said mar…
By Niket Nishant and Avinash PWall Street's main indexes were mixed on Thursday in choppy trading but were headed for weekly gains, while a softer-than-expected employment report for June tempered expectations of interest rate hikes by the Federal Reserve.U.S. markets are closed on Friday for the…
WALL STREET STOCK BULLISHNESS STAYS ELEVATED IN JUNE, BOFA SAYSSentiment in the U.S. equity market remains elevated, with investors maintaining a bullish stance on stocks, according to data compiled by Bank of America analysts.A gauge of Wall Street's consensus equity allocation was unchanged at 56…
AIRBUS DELIVERED 350 PLANES IN FIRST HALF AMID SUPPLY CHAIN WOES - BLOOMBERG NEWS
By Howard SchneiderA weaker-than-expected jobs report could renew debate at the U.S. Federal Reserve about how to read the labor market at a time when the number of people available to work may also be in decline due to an aging population and tough immigration laws.Despite firms reporting only 57…
By Amanda StephensonPembina Pipeline TSX:PPL said on Thursday it will go ahead with its planned C$4.6 billion ($3.24 billion) Greenlight Electricity Centre in Alberta, a project that will power the development of a major data center for an as-yet-unnamed customer.The Calgary-based pipeline company…
By Mike Scarcella7-Eleven has sued Nike NYSE:NKE in federal court in Texas, accusing the sportswear giant of copying the convenience store chain's signature orange, green and red stripe design on a sneaker that Nike plans to release on July 11, known as "7-Eleven Day."In its lawsuit filed on Wednes…
Spot basis bids for corn and soybeans were steady to higher in the U.S. Midwest on Thursday as locations rolled basis bids forward ahead of the expiration of the Chicago Board of Trade July contracts.Basis values are quoted against CBOT futures in cts/bu:NOTE: 0 = Option price, UNC = Unchanged, UNQ…
By Tiemoko DialloMali has established a new state entity to regulate its burgeoning artisanal gold trade after identifying large discrepancies between officially declared exports and volumes reported by importing countries, the government said.($1 = 572.0000 CFA francs)
The Trump administration and AI giant Anthropic have not discussed the government taking stakes in the firm, a source familiar with the matter said on Thursday.The White House, the Commerce Department and Anthropic did not immediately respond to requests for comment.The comments come after the Fina…
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Morgan Stanley and Goldman Sachs announced on Thursday they are matching $1,000 contributions to Trump accounts opened for their eligible employees' children.The program is set to launch on July 4 and will contemplate children born in the U.S. from January 1, 2025, through December 31, 2028.In the…
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By Daniel WiessnerA group of unions, nonprofits and U.S. municipalities has asked a federal judge to block the U.S. Department of Agriculture's planned reorganization, including the relocation of more than 2,500 employees based in the District of Columbia.The coalition of plaintiffs said in a filin…
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By Ron BoussoBreaking down what matters today in global energy marketsBy Ron Bousso, ROI Energy ColumnistAn eerie calm has settled in the energy markets as traders assess the uncertainty surrounding ship traffic through the Strait of Hormuz. Following months of extreme scarcity during the conflict…
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By Tim McLaughlinLargest U.S. power grid PJM on Thursday braced for record-setting consumption spurred by a heat dome and the boom in data centers by re-routing massive traffic jams on power lines and dispatching costly fossil fuel plants to avert outages.PJM expected sweltering heat approaching 10…
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