By Emma Rumney LONDON (Reuters) -Diageo’s new interim CEO Nik Jhangiani has charmed investors with his cool confidence and clear communication, in contrast to his predecessor who struggled to win over the company’s shareholders during her short term. But whoever takes on the full-time leadership of the world’s top spirits maker will inherit challenges that…
(Reuters) -The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, after two days of fraught negotiations. House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that…
By Dan Levine and Michael Erman -Vaccination rates for several diseases including measles, diphtheria and polio decreased among U.S. kindergartners in the 2024-25 school year from the year before, according to federal data posted on Thursday. The U.S. Centers for Disease Control and Prevention released the new figures at a time when the country faces…
By Hannah Lang and Douglas Gillison (Reuters) -The head of the U.S. securities regulator unveiled sweeping plans to overhaul capital markets regulations on Thursday to accommodate cryptocurrencies and blockchain-based trading, in a major win for the digital asset industry, which has long pushed for tailored rules. Securities and Exchange Commission Chair Paul Atkins said in…
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Blowout results from megacaps Microsoft and Meta catapulted U.S. stock futures up more than 1% on Thursday, while an overnight dollar surge on hawkish noises from the Federal Reserve cooled a touch as the…
Nvidia just got cleared to sell advanced chips to China. Hey, Remember when I told you AI would be the biggest stock story of the decade? Well… Nvidia just proved it again. They just got clearance from the Trump administration to restart chip sales to China – something that was completely off the table…
WASHINGTON (Reuters) -Democratic former U.S. Vice President Kamala Harris said on Wednesday she will not run for governor of California, ending speculation that the failed presidential candidate would seek the high-profile post. “I have given serious thought to asking the people of California for the privilege to serve as their Governor. I love this state,…
By Jonathan Stempel (Reuters) -Twelve Democratic members of Congress sued the Trump administration on Wednesday, accusing immigration officials of blocking their access to detention facilities housing noncitizens. In a complaint filed in Washington, D.C., federal court, the House lawmakers challenged a new Department of Homeland Security policy requiring seven days’ notice for visits, and deeming…
By Gram Slattery and Ryan Patrick Jones WASHINGTON (Reuters) -The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. The sanctions broadly target the shipping interests…
WASHINGTON (Reuters) -The U.S. excluded several of Brazil’s major exports from the 50% tariff President Donald Trump signed into an executive order on Wednesday, including orange juice, some aircraft, wood pulp and energy products, lifting shares of planemaker Embraer and pulpmaker Suzano. In a fact sheet published on Wednesday, the U.S. government tied the tariffs…
