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By Kylie Madry and Natalia SiniawskiMEXICO CITY (Reuters) – Mexican cement-maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to financial derivatives, although its operating earnings declined.The firm, one of the world’s largest cement producers,…
Oil briefly spikes after US weekly EIA data showed a big decline in stockpiles. WTI Oil snaps $83, but faces resistance to break back above it again. The US Dollar Index retreats further, forming a bearish pattern. Oil prices edge up on Thursday as traders digest the US Crude Inventory…
Potential slowdown in stablecoin inflows and de-inversion of the U.S. Treasury yield curve could breed downside volatility in bitcoin. Dips in risk assets are likely to be well supported ahead of the U.S. elections, one observer said. While the crypto community continues to obsess about the daily flows into the…
Venice became the first city in the world to charge a payment for tourists in a bid to alleviate the pressures of mass tourism and make the city more livable for its residents.The pilot program will exact a fee of 5 euros ($5.4) from day-trippers to Venice, one of Italy’s…
Check out the companies making headlines before the bell: Meta Platforms — The Facebook parent company plunged more than 14% after issuing lighter-than-expected second-quarter revenue guidance . However, first-quarter earnings and revenue both came above analysts’ estimates. Honeywell — The industrial stock rose 2.2% in premarket trading after the company…
Former President Donald Trump on Wednesday night downplayed the 2017 white supremacist rally in Charlottesville, Virginia, which led to a woman’s death, as a “peanut” compared to the demonstrations happening across the US against Israel’s actions in Gaza. In August 2017, White nationalists, neo-Nazis and other right-wing groups descended on…
(Refiles to add dropped word to the headline)By Andrew GoudswardWASHINGTON (Reuters) -…
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In its earliest days Buick had a reputation for engineering innovation and…
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The Pound Sterling rises to 1.2500 on multiple tailwinds. BoE Governor Andrew…
POLITICS
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By Mike Scarcella(Reuters) – The U.S. government set up a likely court showdown over the scope of TikTok’s free speech protections under the U.S. Constitution after President Joe Biden signed legislation on Wednesday to ban the social media platform from app stores unless its Chinese owner sells it.While the bill itself does not say anything about speech, the measure has alarmed civil rights advocates, TikTok and users of the app who could all sue to block it.TikTok has denied sharing U.S. user data. Its chief executive said on Wednesday the company would defeat the legislation in court.Legal experts said opponents…
Amid calls for Justice Clarence Thomas to recuse himself from a high-stakes case over whether Donald Trump has presidential immunity from criminal prosecution, the conservative jurist has made clear that…
By Jonathan Allen and Jane RossNEW YORK/LOS ANGELES (Reuters) -Columbia University students heckled U.S. House Speaker Mike Johnson on Wednesday as he visited the flashpoint of nationwide student demonstrations over…
In a Supreme Court hearing on the Biden administration’s challenge to aspects of Idaho’s strict abortion ban, US Solicitor General Elizabeth Prelogar sought to appeal to conservative justices who just…
Markets
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Chipotle renamed its barbacoa filling because customers didn’t know what it was. It has now been renamed “braised beef barbacoa,” its…
Finance
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A Harvard Business School professor was asked to break down Jeff Bezos’ leadership style on a recent podcast.The Amazon founder’s inventiveness and focus were core to…
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Investing
Clear is a service that lets people skip the security line at airports with nothing but a biometric scan and $189. Some California lawmakers want to make changes to it in the state, saying it separates travelers into haves and have-nots. California lawmakers voted 8-4 to move a bill out…
Economy
By Andrea ShalalWASHINGTON (Reuters) – A U.S. proposal for using future interest…
Fintech
People living in RVs or cars has surged in Bozeman, Montana, as…
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