News Center

US Supreme Court to review billion-dollar Cox Communications copyright case

US Supreme Court to review billion-dollar Cox Communications copyright case

By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court agreed on Monday to decide a copyright dispute between Cox Communications and a group of music labels following a judicial decision that threw out a $1 billion jury verdict against the internet service provider over alleged piracy of music by Cox customers. The justices took up Cox’s appeal of the lower court’s decision that i ...

2025-07-01 02:10:31
FX-hedged stocks seen outperforming as euro rises, says Morgan Stanley

FX-hedged stocks seen outperforming as euro rises, says Morgan Stanley

Investing.com -- Morgan Stanley analysts said in a note Monday that as the U.S. dollar’s 15-year bull run appears to be ending, they see a clear opportunity for European equities with advanced foreign exchange (FX) hedging strategies to outperform.  The bank highlighted how companies that manage currency risks effectively are likely to benefit as the euro gains ground. “We find compa ...

2025-07-01 02:06:59
US to restart trade negotiations with Canada immediately, White House says

US to restart trade negotiations with Canada immediately, White House says

WASHINGTON (Reuters) -The United States will restart trade negotiations with Canada immediately after Canada scrapped its digital services tax targeting U.S. technology firms, White House economic adviser Kevin Hassett said on Monday. "Absolutely," Hassett said on Fox News when asked about the talks restarting. President Donald Trump asked the Canadians to take the tax off at the G7 meeting ...

2025-07-01 02:05:44
Home Depot targets contractors, rivals with $4.3 billion deal for GMS

Home Depot targets contractors, rivals with $4.3 billion deal for GMS

By Savyata Mishra and Juveria Tabassum (Reuters) -Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion, stepping up its efforts to capture more demand from professional contractors. The deal also comes amid threats of a hostile takeover for GMS from billionaire Brad Jacobs-led rival QXO. Home improvement retailers ...

2025-07-01 02:03:13