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Paramount To Pay $16 Mln To Settle Lawsuit By Trump Over Interview With Kamala Harris
Media firm Paramount Global has agreed to pay $16 million to settle a legal dispute with U.S. President Donald Trump, over its '60 Minutes' interview with former Vice President Kamala Harris, reports said. The interview was broadcast on Paramount's affiliated CBS network last year, ahead of the 2024 Presidential election.
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Bay Street Likely To Open With Positive Bias
Canadian shares look set to open with a positive bias on Wednesday, tracking steady European markets and higher crude oil prices. Optimism about Canada and the U.S. striking a trade deal is likely to help underpin sentiment.
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U.S. Private Sector Employment Unexpectedly Decreases In June
Private sector employment in the U.S. unexpectedly decreased in the month of June, according to a report released by payroll processor ADP on Wednesday.
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Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.
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FTSE 100 Up Marginally In Cautious Trade
The U.K. market is up marginally a little past noon on Wednesday with stock moving in a tight range as investors await fresh developments on the trade front.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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CAC 40 Notably Higher; ArcelorMittal, LVMH Among Prominent Gainers
French stocks are up firmly in positive territory on Wednesday, recovering well from previous session's losses. Investors are continuing to focus on the developments on the trade front ahead of the July 9 deadline for U.S.' reciprocal tariffs.
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German Market Up Slightly; Auto Stocks Move Higher
German stocks are up in positive territory on Wednesday after back-to-back losses, with investors making some selective buying while closely watching the trade negotiations after U.S. President Donald Trump ruled out the possibility of any extension beyond the July 9 deadline for reciprocal tariffs.
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Sensex, Nifty End Modestly Lower As Tariff Anxiety Continues
Indian shares ended Wednesday's session lower after reports emerged that trade talks with the U.S. are in the final stage.
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European Shares Inch Higher As Tariff Deadline Nears
European stocks traded higher on Wednesday as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.
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Asian Shares Mostly Lower On Renewed Tariff Worries
Asian stocks ended mostly lower on Wednesday as U.S. President Donald Trump hinted at higher tariffs on certain countries after the July 9 deadline and Senate Republicans narrowly advanced his tax and spending bill, which risks $3tn deficit before Trump's term ends.
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Lululemon Sues Costco Over Alleged Sale Of Fashion Dupes
Lululemon Athletica Inc. has filed a lawsuit against retail major Costco Wholesale Corp. for allegedly selling knockoff or dupe versions of its popular fashion products, including pants, hoodies and jackets, at significantly cheaper price than its originals.
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European Shares Seen Broadly Higher, Trump's Tariffs And Tax Bill In Focus
European stocks may open broadly higher on Wednesday as investors monitor progress on trade negotiations and assess the economic impact of U.S. President Donald Trump's massive tax-cut and spending bill, which may face additional hurdles in the House ahead of a July 4 deadline set by Trump.
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