By Laura Matthews and Samuel Indyk NEW YORK/LONDON, July 15 (Reuters) – The dollar slipped against major currencies on Wednesday after softer-than-expected U.S. producer prices reinforced signs of easing inflation, bolstering the view that the Federal Reserve can remain patient on interest rates even as investors weighed renewed strikes on Iran. The Producer Price Index…
Securitize Corp. (NYSE: $SECZ) and Cantor Fitzgerald are taking tokenization into the primary equity market, creating a pathway for public companies to conduct initial public offerings and follow-on offerings onchain. The agreement combines Cantor’s equity capital markets and trading capabilities with Securitize’s regulated infrastructure for issuing, distributing and servicing tokenized securities. Securitize Markets, the company’s…
US stocks trimmed gains on Wednesday as a softer-than-expected wholesale inflation reading, and chipmaking equipment maker ASML’s (ASML) bullish outlook on AI demand failed to lift the chip sector. The Dow Jones Industrial Average (^DJI) fell below the flatline, while the S&P 500 (^GSPC) was little changed. The Nasdaq Composite (^IXIC) also dropped 0.1% following…
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Name: Ugwechi Amadi New title: Senior vice president, chief strategy officer, McDonald’s Previous title: Executive vice president, head of corporate strategy and development, LIV Golf Ugwechi Amadi joined McDonald’s this month, succeeding Emily…
Alcoa and the governments of Australia, Japan, and the United States have reached a final investment decision to develop a gallium production plant at the company’s Wagerup alumina refinery in Western Australia, marking a new effort to diversify global supplies of the critical mineral. The facility will be built and operated by Alcoa, drawing on…
European Union sustainability regulations are creating new compliance requirements for hotels, with businesses facing stricter rules on repairs, packaging waste and environmental claims. The changes are part of the EU’s wider push towards a circular economy, where products and materials are used for longer, waste is reduced and sustainability information is more reliable. For hotels…
Investors choosing between Vanguard FTSE Developed Markets ETF (NYSEMKT:VEA) and State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) must weigh broad international exposure against a targeted net-zero climate strategy. Vanguard FTSE Developed Markets ETF tracks established non-U.S. economies, offering low-cost access to thousands of companies across Europe and the Pacific. In contrast, the…
Chinese refiners largely stopped competing for Middle Eastern crude during the Iran conflict, leaving more Gulf cargoes available to Europe, India, and the rest of Asia just as traders prepared for a supply shock. The International Energy Agency (IEA) estimates China drew 41 million barrels from crude inventories during June, one of the largest monthly…
Inflation eased in June, according to data released by the Bureau of Labor Statistics on Tuesday. Over the last 12 months, consumer prices increased 3.5% before seasonal adjustment, down from 4.2% in May. This was well below the 3.8% annual increase that Bloomberg economists were anticipating. Energy prices, particularly gasoline, were the biggest contributor. The…
By Diana Novak Jones July 14 (Reuters) – A U.S. judge has dismissed a proposed class action accusing Apple of failing to stop the dissemination of child sexual abuse material through its iCloud data storage platform, saying the company is broadly shielded from the claims under a federal law protecting online services from liability for…
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