Category: Reuters
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Wall Street indexes close up; data keeps smaller Fed rate cut in view By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes closed higher on Thursday after the latest inflation data boosted expectations for a 25 basis point interest rate cut by the U.S. Federal Reserve, while accident (NASDAQ:) Weak revenue expectations made it the biggest percentage loser. The producer…
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Factbox-US Gulf Coast energy facilities hit by storm Francine By Reuters
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(Reuters) – Energy facilities on the U.S. Gulf Coast were assessing damage on Thursday from Hurricane Francine, which tore through offshore oil production areas and hit the Louisiana coast on Wednesday. Hurricane Francine brought heavy rains and gusty winds to Louisiana, Mississippi and Alabama, causing widespread power outages and impacting…
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Microsoft 365 down for thousands of users, Downdetector shows By Reuters
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(Reuters) – Microsoft Corp’s productivity software suite stopped working for more than 16,000 users on Thursday, outage tracking website DownDetector.com said. This comes nearly two months after a flawed software update from cybersecurity services company CrowdStrike (NASDAQ: ) affected nearly 8.5 million Windows devices, crippling operations across industries ranging from…
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Top tech, U.S. officials to discuss powering AI -CNN By Reuters
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WASHINGTON (Reuters) – Executives from OpenAI, Google and Anthropic will meet with top U.S. officials at the White House on Thursday to discuss the energy and infrastructure needed to power artificial intelligence, CNN reported, citing a person familiar with the matter. OpenAI CEO Sam Altman, Google CEO Ruth Porat, Anthropic…
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European banks rise as UniCredit’s move on Commerzbank lifts M&A prospects to forefront By Reuters
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By Gianluca Lo Nostro and Philippe Leroy-Beaulieu (Reuters) – European banking shares extended their upward trend on Thursday, driven mostly by UniCredit’s performance report after it bought a 9 percent stake in Germany’s Commerzbank the previous day. The pan-European banking sub-index rose 1.9% by 1010 GMT, with analysts pointing to…
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Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports By Reuters
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TOKYO (Reuters) – Canada’s Alimentation Couche-Tard Inc. is discussing how much higher it might raise its offer price for Japan’s Seven & I Holdings Inc., Bloomberg News reported on Thursday, citing unnamed people familiar with Couche-Tard’s internal talks. Coach-Tard said earlier this week it was willing to continue takeover talks…
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Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports By Reuters
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TOKYO (Reuters) – Canada’s Alimentation Couche-Tard Inc. is discussing how much higher it might raise its offer price for Japan’s Seven & I Holdings Inc., Bloomberg News reported on Thursday, citing unnamed people familiar with Couche-Tard’s internal talks. Coach-Tard said earlier this week it was willing to continue takeover talks…
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Mexico’s commercial vehicle sales expected to hit record in 2024 By Reuters
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MEXICO CITY (Reuters) – Sales of commercial vehicles in Mexico could hit a record high this year, the Mexican automobile distributors’ association said on Wednesday. Why is this important? Mexico exported $593 billion worth of goods in 2023, most of which was transported overland using trucks or trailers. The flow…
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Tech firm executives to testify before US Senate about election threats By Reuters
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(This story was corrected to remove an incorrect listing of an Adobe (NASDAQ:) executive testifying in paragraph 2.) Written by Kanishka Singh WASHINGTON (Reuters) – Executives from major technology companies including Google, Adobe, Microsoft and Meta Platforms are scheduled to testify next week at a U.S. Senate Intelligence Committee hearing…
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Tech firm executives to testify before US Senate about election threats By Reuters
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(This story was corrected to remove an incorrect listing of an Adobe (NASDAQ:) executive testifying in paragraph 2.) Written by Kanishka Singh WASHINGTON (Reuters) – Executives from major technology companies including Google, Adobe, Microsoft and Meta Platforms are scheduled to testify next week at a U.S. Senate Intelligence Committee hearing…
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S&P 500 closes up on tech boost; inflation data dents hopes for big Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – U.S. stocks closed higher on Wednesday, lifted by technology shares, offsetting investor disappointment in an early-morning inflation report that dampened hopes the Federal Reserve will cut interest rates by 50 basis points next week. The S&P 500 technology index fell, but rose…
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EU lawmakers push for new ‘dynamic pricing’ rules after Oasis fans complain By Reuters
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By Martin Coulter LONDON (Reuters) – European Union lawmakers are backing calls for new rules on the use of “dynamic pricing” when selling goods online after fans of Oasis complained about hugely inflated ticket prices for a series of sold-out concerts by the British band. Last month, thousands of fans…
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Angel Studios to go public via $1.6 billion SPAC deal By Reuters
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(Reuters) – Angel Studios Inc said on Wednesday it will go public in the United States through a merger with Southport Acquisition Corp in a deal valued at $1.6 billion. The company, whose film “The Sound of Freedom” was among the top 10 grossing films in the United States last…
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Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Blinken, UK’s Lammy visit Ukraine in show of support at key juncture in war By Reuters
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By Daphne Psaledakis and Olena Harmash KIEV (Reuters) – U.S. Secretary of State Antony Blinken and British Foreign Secretary David Lammy arrived in Kiev on Wednesday for a series of meetings with senior Ukrainian government officials at a crucial stage in the war against Russia. Blinken said he wanted to…
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Britain’s Rightmove rejects $7.3 billion takeover offer from Murdoch’s REA Group By Reuters
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By Scott Murdoch and Aditya Govindrao SYDNEY (Reuters) – Britain’s biggest property portal Rightmove has rejected its offer to buy the Australian property listings company for 5.6 billion pounds ($7.32 billion) in cash and shares, the Australian property listings company Ria Group said on Wednesday. REA, in which Rupert Murdoch’s…
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PBOC is expected to set the USD/CNY reference rate at 7.1198 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies By Reuters
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Written by Siddharth Kavali NEW YORK (Reuters) – Fashion retailer Tapestry Holdings Inc has room to raise prices and cut discounts on rival Capri’s Michael Kors brand if the two companies merge, a top executive at the company said on Tuesday, as regulators seek to block the $8.5 billion deal.…