By Ross Kerber and Niket Nishant (Reuters) -A lawyer for BlackRock said on Monday that Republican states’ claim that asset managers violated antitrust law through industry climate groups was not “plausible,” as the firms pressed to have the case dismissed. But a lawyer for the states, which include Texas and 12 others, told the U.S….
By Juveria Tabassum (Reuters) -Dollar General raised its annual targets after beating estimates for quarterly profit and same-store sales and said more consumers across income groups came in to shop at its stores amid tariff-related uncertainty and still-high inflation. The forecast lift took the company’s shares up 14% on Tuesday and came in sharp contrast…
By Arsheeya Bajwa (Reuters) -Palantir Technologies has succeeded where most tech stocks have struggled this year: staying hot in a cooling market. The company’s military-grade AI tools along with its deep defense ties and high-level government connections at a time when the U.S. is boosting spending on defense software have helped investors raise the bets…
By Dietrich Knauth NEW YORK (Reuters) -A U.S. judge dismissed the state of California’s challenge to President Donald Trump’s tariffs, allowing the state to file an appeal over the court’s ruling that the dispute should have been filed in a specialized U.S. trade court in New York. The ruling, handed down late on Monday by…
(Reuters) -JPMorgan Chase has given Marianne Lake, widely seen as a potential successor to CEO Jamie Dimon, the additional responsibility of managing its overseas consumer banking arm and strategic growth office, according to an internal memo on Tuesday. The change comes as incumbent Sanoke Viswanathan resigned as the CEO of JPMorgan’s international consumer and wealth…
(Reuters) -The Texas health department on Friday reported 738 cases of measles in the state, up by nine additional cases since its last update on Tuesday. The U.S. is battling one of the worst outbreaks of measles it has seen, with over 1,000 cases reported for the first time in five years and three confirmed…
(Reuters) -Rivian Automotive is working with JPMorgan Chase on a potential high-yield bond sale, in part to refinance its upcoming debt, Bloomberg News reported on Friday, citing people familiar with the transaction. The EV maker is looking to raise as much as $2 billion, partly to replace existing bonds that mature in 2026, the report…
By Mike Stone WASHINGTON (Reuters) -When the Trump administration cut federal funding to Harvard University, it abruptly ended an estimated $180 million that the federal government had poured into U.S. military projects at Harvard in recent years, according to an analysis from a defense software company. The Trump administration announced in April that it was…
By Timothy Gardner WASHINGTON (Reuters) -The U.S. on Friday said Holtec’s planned restart of the Palisades nuclear power plant in Michigan would not harm the environment, a needed step in its plan to become the first such plant to return from permanent shutdown. The Nuclear Regulatory Commission conducted the environmental review of the Palisades reactor…
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank could likely cut interest rates given the underlying strength of the economy and the direction of inflation. Comparing the economic effect of tariffs to a…
