By Jason Lange (Reuters) – Vice President Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to her, a Reuters/Ipsos poll found. The poll, conducted on Monday and Tuesday, followed both the Republican National Convention where Trump on Thursday formally […]
Nasdaq, S&P rise as spotlight turns on tech results; UPS plunges
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) – U.S. stocks were flat to higher on Tuesday as investors awaited Alphabet and Tesla earnings later in the day to gauge if the recent market rally has momentum to spare, while United Parcel Service and NXP Semiconductors plummeted after poor results. United Parcel Service, seen as […]
World shares steady as Biden exits White House race
By Amanda Cooper and Chibuike Oguh LONDON/NEW YORK (Reuters) -An index of global shares steadied on Monday as investors weighed President Joe Biden’s decision to end his re-election bid at the weekend, while a surprise rate cut by China’s central bank failed to boost Asian markets. Biden announced on Sunday he would drop out of […]
Exclusive-Former attorney general Holder to vet Harris’ potential running mates, sources say
By Jeff Mason and Jarrett Renshaw (Reuters) -Former Attorney General Eric Holder and his law firm, Covington & Burling LLP, will conduct vetting of potential running mates for Vice President Kamala Harris’ campaign for the presidency, according to two sources familiar with the matter. Harris is running for the Democratic presidential nomination after President Joe […]
Foreign leaders react to Biden ending reelection campaign
(Reuters) -Following are reactions from foreign leaders and officials to U.S. President Joe Biden’s decision to end his campaign to seek reelection in November: UKRAINIAN PRESIDENT VOLODYMYR ZELENSKIY: “Ukraine is grateful to President Biden for his unwavering support for Ukraine’s fight for freedom, which, along with strong bipartisan support in the United States, has […]
Investment funds buy $28.837 billion 10-year note in July – U.S. Treasury
July 22 (Reuters) – Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased the previous month, data from the U.S. Treasury Department released on Monday showed. Overseas investors, another major group of holders of U.S. government debt, bought $4.424 billion of the latest […]
Tesla halted some production lines due to global IT outage, Business Insider reports
(Reuters) -Tesla halted some production lines due to the global IT outage, Business Insider reported on Friday, citing sources familiar with the matter. The automaker sent some production employees home early during the night shift at its Austin, Texas and Sparks, Nevada facilities, the report added. The tech outage crippled industries from travel to finance […]
Meta chief Zuckerberg won’t endorse Trump or Biden in elections, Bloomberg News reports
(Reuters) -Meta Platforms CEO Mark Zuckerberg has declined to endorse either Donald Trump or Joe Biden and said he does not plan to be involved in the upcoming U.S. presidential election in any way, Bloomberg News reported on Friday. In an interview with the publication on Thursday, the tech executive said former President Trump’s immediate […]
Exclusive-Chrysler-parent Stellantis paid $190.7 million in US fuel economy penalties
By David Shepardson (Reuters) -Chrysler parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020, and owes another $459.7 million in outstanding penalties, government documents seen by Reuters show. The penalties, paid in March and May, were disclosed by the National Highway Traffic Safety Administration […]
Oracle reaches $115 million consumer privacy settlement
By Jonathan Stempel (Reuters) – Oracle agreed to pay $115 million to settle a lawsuit accusing the database software and cloud computing company of invading people’s privacy by collecting their personal information and selling it to third parties. A preliminary settlement of the proposed class action was filed on Thursday night in San Francisco federal […]