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(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates. The U.S. Federal Reserve has aggressively hiked interest rates over the past 12 months to tackle sticky inflation, a move which has boosted profitability for consumer facing banks, allowing them to earn more from loans. Net interest income at Capital […]

(Reuters) – Democratic Governor Kathy Hochul on Thursday directed the public service, health and environmental conservation departments to investigate risks associated with old lead-clad cables left by telecommunication companies following a recent report. The Wall Street Journal earlier this month reported that telecom companies including AT&T had left toxic lead cables on poles, underwater and buried under ground across the U.S. including the State of New York. The purpose of […]

By Alasdair Pal and Irene Wang SYDNEY/AUCKLAND (Reuters) -Co-hosts Australia and New Zealand opened the ninth Women’s World Cup with wins and record crowds on Thursday, after a shooting near the Norwegian team hotel in Auckland that left three dead and six injured. Police said the shooter was among those killed and the danger from the incident was over, while New Zealand Prime Minister Chris Hipkins said there was no […]

By Joseph White and Ben Klayman DETROIT (Reuters) – Detroit’s automakers and the United Auto Workers will not be alone as they begin bargaining this week over wages and working conditions that will govern the shift to electric vehicles over the next several years. Tesla CEO Elon Musk and the automaker’s increasingly profitable and efficient electric-vehicle factories will be shadow participants, just as Japanese automaker Toyota and its lean production […]

(Reuters) – Hackers linked to Beijing accessed the email account of the U.S. ambassador to China, Nicholas Burns, in an attack that is believed to have compromised at least hundreds of thousands of individual U.S. government emails, Wall Street Journal reported on Thursday. Daniel Kritenbrink, the assistant secretary of state for East Asia, was also hacked in the cyber-espionage attack, the report said citing people familiar with the matter. (Reporting […]

By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast. Tesla’s shares tumbled after the electric-vehicle maker reported a drop in its second-quarter gross margins to a four-year low and CEO Elon […]

By Marwa Rashad and Julia Payne LONDON (Reuters) -A tanker containing liquefied natural gas (LNG) that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away this week by Argentine energy firm Enarsa, according to officials. The tanker Flex Artemis was in the South Atlantic and heading northeast on Thursday, according to Refinitiv vessel tracking. It had carried LNG […]

By Timour Azhari, Ahmed Rasheed and Anna Ringstrom BAGHDAD/STOCKHOLM (Reuters) – Iraq expelled the Swedish ambassador on Thursday in protest at a planned burning of the Koran in Stockholm that had prompted hundreds of protesters to storm and set alight the Swedish embassy in Baghdad. An Iraqi government statement said Baghdad had also recalled its charge d’affaires in Sweden, and Iraq’s state news agency reported that Iraq had suspended the […]

By Jody Godoy (Reuters) – A Florida venture capitalist, his brother and an employee accused of insider trading before a blank check company’s proposed merger with former U.S. President Donald Trump’s social media company pleaded not guilty in a New York court on Thursday. Michael and Gerald Shvartsman, and Bruce Garelick were charged last month with trading illegally in Digital World Acquisition Corp, a special purpose acquisition company, before it […]