One fact dominates the U.S. economy: it needs more power. After a long period in which demand for electrons flatlined, it is now rising again. Beyond gigantic data centers essential to artificial intelligence, the rise of battery technology, factory robots and more means that everything from transportation to industrial production will increasingly be electrified. This…
The United States has more than 1.5 million realtors, helping people buy and sell homes – more agents than there are currently homes for sale, opens new tab. That odd imbalance is the result of decades of distortions that have benefited the real-estate industry at the expense of its customers. A recent ruling promises to change the…
TOKYO, July 7 (Reuters) – Japan must diversify trade ties beyond the U.S. market to mitigate risks and focus on partnerships with countries favouring free trade, Hirofumi Yoshimura, co-representative of the opposition Japan Innovation Party, said on Monday. Tokyo should seek a “win-win” situation in trade negotiations, however, tariffs imposed by President Donald Trump show how the…
U.S. President Donald Trump said he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the “take it or leave it” offers to be sent out on Monday. Trump, speaking to reporters aboard Air Force One as he traveled to New Jersey, declined…
Corporate travel and expense company Navan said on Friday it had confidentially filed for a U.S. initial public offering, as it looks to take advantage of growing investor optimism for new listings after a dry spell. The terms of the offering were not disclosed. Learn about the latest breakthroughs in AI and tech with the…
LONDON/FRANKFURT, July 4 (Reuters) – Tariffs and Middle East turmoil are spooking European companies and the investors weighing their initial public offerings even as volatility subsides and money flows back into equity markets, advisers told Reuters. President Donald Trump‘s announcement of targeting imports from nearly all U.S. trading partners in April and his subsequent U-turn pause on the levies sent shockwaves…
U.S. equity funds attracted strong inflows in the week to July 2, as U.S. stocks hit record highs on AI optimism, even as a 90-day pause on U.S. reciprocal tariffs is nearing its July 9 expiry with little progress in trade talks. According to LSEG Lipper data, investors acquired a hefty $31.6 billion worth of…
MORRISTOWN, New Jersey, July 6 (Reuters) – The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1. Since taking office, Trump has set…
South Carolina’s state-owned utility and project owner Santee Cooper has selected “fewer than five” proposals from 14 received in a request for interest (RFI) to potentially acquire and finish building the reactors, which sit next to Dominion Energy’s Summer 1, an active reactor, a Santee Cooper spokesperson told Reuters Events. The selected entities will now…
New Zealand accounting software giant Xero agreed to buy U.S.-Israeli payments provider Melio for as much as $3 billion, the companies said on Wednesday, accelerating the Kiwi firm’s push into the U.S. with the country’s biggest outbound deal in over a decade. The deal fills a gap in Xero’s offer by adding payments to its…