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By David Randall NEW YORK (Reuters) – A resilient U.S. economy and expectations of a nearing peak in the Federal Reserve’s monetary policy tightening cycle are emboldening stock investors, even as worries persist over rising valuations and the potential for inflation to rebound. The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. It has risen nearly 10 percentage points since June 1, […]

WILMINGTON, Delaware (Reuters) -A Florida judge on Friday rejected a Walt Disney Co request to dismiss a lawsuit by an oversight district, a move that could make it harder for the entertainment giant to pursue its own case against Governor Ron DeSantis as part of a yearlong feud. The ruling allows the oversight district to pursue its case that seeks to void “backroom deals” favorable to Disney that were struck […]

SANTIAGO (Reuters) -Chile’s state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines. The miner expects to have a yearly production of between 1.31 million-1.35 million metric tons from 1.35 million-1.45 million tons previously forecast, it said on Friday, as it reported that pretax profit fell 86% in the […]

By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – All three major U.S. indexes ended the week with gains, after a slew of Big Tech earnings, economic data and central bank announcements boosted investor confidence in a soft landing for the U.S. economy. U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s, data showed on […]

By Moussa Aksar and Boureima Balima NIAMEY (Reuters) -Leaders of a coup in Niger declared General Abdourahamane Tiani as the new head of state on Friday days after saying they had ousted President Mohamed Bazoum in the seventh military takeover in West and Central Africa in less than three years. African countries, Western powers and regional and international organizations have voiced support for Bazoum and called for democracy to be […]

By Mike Stone and Idrees Ali WASHINGTON (Reuters) -The United States unveiled a Taiwan weapons aid package worth up to $345 million on Friday, a move likely to anger China even as the Biden administration declined to publicly provide details on the arms in the package. Congress authorized up to $1 billion worth of Presidential Drawdown Authority weapons aid for Taiwan, which strongly rejects Chinese sovereignty claims, in the 2023 […]

By Brendan O’Brien CHICAGO (Reuters) -Tens of millions of Americans were confronted with a one-two punch of brutally hot temperatures and oppressive humidity on Friday as an unrelenting heat wave settled over the Midwest and East Coast and was expected to persist into the weekend. More than 175 million people in the U.S. were under excessive heat warnings and advisories until at least Saturday afternoon as midday heat index readings […]

By Trevor Hunnicutt FREEPORT, Maine (Reuters) – U.S. President Joe Biden said on Friday Vietnam’s leader wants to meet him for talks at the September G20 summit in New Delhi to discuss elevating U.S.-Vietnam relations. “I got a call from the head of Vietnam, desperately wants to meet with me when I go to the G20. He wants to elevate us to a major partner, along with Russia and China,” […]

(Reuters) -The U.S. Department of Justice could file an antitrust lawsuit against concert promoter Live Nation Entertainment and its unit Ticketmaster by the end of the year, Politico reported on Friday, citing three people with knowledge of the matter. Shares of Live Nation dropped 5% in extended trading on Friday. The company did not respond to a Reuters request for comment, while the DOJ declined to comment. Earlier this year, […]