By Purvi Agarwal and Sukriti Gupta (Reuters) - Wall Street futures were flat to slightly lower on Wednesday, as markets were guarded ahead of a widely anticipated interest-rate cut from the Federal Reserve later in the day, and Nvidia dipped after a report Chinese tech firms might stop buying its chips. The U.S. central bank is expected to reduce borrowing costs by at least 25 basis points at 2 p.m. ET, a move priced in by investors after a series of economic indicators indicated a weakening jobs market. ...

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US-based supermarket chain Schnuck Markets and its holding company, the 1939 Group, have agreed to acquire the Wisconsin-based parent company of Skogen’s Festival Foods and Hometown Grocers. The deal involves purchasing the shares owned by Festival Foods and Hometown Grocers CEO Mark Skogen, as well as those held in trust by employees through an Employee Stock Ownership Plan (ESOP). After the transaction is finalised, Todd Schnuck will take on the role of chairman and CEO of the newly established 1939 Gr ...

One of the most consequential legislative acts of President Donald Trump’s second administration thus far has been his July 4 signing of the “One Big Beautiful Bill” Act (OBBBA) into law. The OBBBA will set the spending policies and tax agenda for the remainder of Trump’s second term, permanently extending many of the tax rates of Trump’s 2017 tax bill, as well as making numerous cuts to spending elsewhere. Learn More: 7 Reasons You Should Switch To an Electric Vehicle in Retirement Read Next: The 5 Car Br ...

Performance Food Group (NYSE:PFGC) and US Foods Holdings (NYSE:USFD) are exploring a potential merger, having entered into a confidential information-sharing agreement this week. Both companies will assess synergies, regulatory hurdles, and the overall feasibility of a business combination. Wells ...

Question-and-Answer SessionSo you've committed to putting GBP 30 billion RWAs incremental in your U.K. businesses. You've deployed GBP 17 billion already, including Tesco. What has driven this growth? And where are you seeing the best opportunities from here?Angela CrossGroup Finance Director & Executive Director Yes. Thanks, Perlie. So we've got a GBP 30 billion RWA target for the U.K. across '24 to '26. And at the halfway point of the plan, we are at GBP 17 billion. Now a proportion of that around GBP 8 b ...

Baidu Inc. shares jumped by the most in more than three years in Hong Kong as optimism over its AI chip potential grows. The stock soared 16% in Hong Kong, the most since March 2022 and adding $6.4 billion in market value. The surge came after Arete Research Services LLP lifted its rating on Baidu’s American depositary receipts to buy from sell — it had held the only sell recommendation on the stock since it downgraded it last May. Most Read from Bloomberg Other analysts at firms including Citigroup I ...

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Anglo American, through its 50.1% owned subsidiary, Anglo American Sur (AAS), has signed a definitive agreement with Codelco to execute a joint mine plan for their neighbouring copper operations, Los Bronces and Andina, in Chile. This deal is built on a memorandum of understanding (MoU) signed in February 2025 and has been approved by both companies’ board of directors. The transaction is projected to yield a pre-tax net present value increase of at least $5bn (4.74trn pesos), which will be evenly distri ...

Bitfarms stock price has gone parabolic in the past few days, soaring to a high of $2.90, its highest level since July last year and 350% above its lowest level this year. This surge has brought its m... ...