Category: Reuters
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Rollercoaster week in US stocks leaves investors braced for bumps ahead By Reuters
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By David Randall NEW YORK (Reuters) – A week of wild market volatility has investors awaiting inflation data, corporate earnings and presidential polls for signs that may ease recent turmoil in U.S. stocks. After months of quiet trading, volatility in U.S. stocks has spiked this month as a series of…
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Zelenskiy acknowledges Ukraine’s military operation in Russia By Reuters
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Written by Oleksandr Kozhukhar KIEV (Reuters) – Ukrainian President Volodymyr Zelenskiy acknowledged for the first time on Saturday that Ukrainian forces were fighting a surprise assault on the Russian city of Kursk, as attacks continued on the border region as authorities scrambled to evacuate people. Moscow’s forces are fighting a…
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GPS spoofers ‘hack time’ on commercial airlines, researchers say By Reuters
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By James Pearson LAS VEGAS (Reuters) – The recent surge in “GPS spoofing,” a form of digital attack that can send commercial passenger planes off course, has entered an intriguing new dimension: the ability to hack time, cybersecurity researchers say. According to an aviation consultancy, there has been a 400%…
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Harris says Fed is independent and she would never interfere in its decisions By Reuters
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By Jeff Mason PHOENIX (Reuters) – U.S. Vice President Kamala Harris said on Saturday the Federal Reserve is independent and she would never interfere in its decisions if she wins the Nov. 5 presidential election. “The Fed is an independent entity and as chairman I will never interfere in the…
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Disney expected to announce plans for its theme parks By Reuters
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By Don Chmielewski ANAHEIM, Calif. (Reuters) – Walt Disney Disney (NYSE:) is expected to announce new attractions at its theme parks on Saturday at its D23 fan conference, and reveal how the company is beginning to deploy $60 billion in capital investments. Disney said it will boost its investment in…
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Trump campaign says it was hacked, blames Iran By Reuters
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By Kanishka Singh and Nathan Lane WASHINGTON (Reuters) – Republican presidential candidate Donald Trump’s campaign said on Saturday that some of its internal communications had been hacked and blamed the Iranian government, citing past hostilities between Trump and Iran without offering direct evidence. The campaign’s statement came after Politico said…
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Thyssenkrupp shuts down steel unit’s funding request By Reuters
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FRANKFURT (Reuters) – Thyssenkrupp said on Saturday its steel division must be restructured to finance investment needs from its own earnings but the parent company has secured financial security for the next two years. Thyssenkrupp CEO Miguel Lopez’s comments came after the steel division’s chief said the company needed to…
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Removal of bodies begins from Brazil plane crash that killed 62 By Reuters
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Written by Sebastian Rocandio VENEDO, Brazil (Reuters) – Brazilian civil defense teams worked through the night to recover the remains of passengers from a plane that crashed on Friday near Sao Paulo, killing all 62 people on board. The Sao Paulo state government said at least 21 bodies had been…
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Bangladesh chief justice, central bank chief quit amid protests, officials say By Reuters
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DHAKA (Reuters) – Bangladesh’s chief justice and central bank governor have resigned, officials said on Saturday, as student protests that forced Prime Minister Sheikh Hasina to flee widen to target more officials appointed under her rule. A justice ministry official, speaking on condition of anonymity, said Supreme Court Chief Justice…
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Trump sticks to tale of scary helicopter ride, despite denials By Reuters
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By James Oliphant and Alexandra Ulmer Republican presidential candidate Donald Trump insisted Friday that he was on a near-fatal helicopter ride with former San Francisco Mayor Willie Brown, even though Brown said the incident never happened and another politician said he was on a similar flight with Trump decades ago.…
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Former YouTube CEO Susan Wojcicki dies at 56, Google CEO says By Reuters
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Susan Wojcicki, the former CEO of YouTube and one of the first employees at Google (NASDAQ:GOOGL), has died at the age of 56 after a two-year battle with cancer, Google CEO Sundar Pichai said on social media platform X on Saturday. “I am incredibly saddened to lose my dear friend…
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‘Moana 2’ stars kick off Disney’s D23 fan convention By Reuters
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By Don Chmielewski, Lisa Richwine, and Daniel Broadway ANAHEIM, Calif. (Reuters) – Walt Disney Co., which reclaimed the top spot at the box office this summer with Pixar’s animated “Inside Out 2” and Marvel’s controversial “Deadpool & Wolverine,” opened its D23 fan convention on Friday with a live screening of…
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Tesla stops taking orders for cheapest Cybertruck, offers $100,000 version now By Reuters
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Written by Abhiroop Roy and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has stopped taking orders for the least expensive version of its Cybertruck, which costs $61,000, while the $100,000 version is available for immediate order and delivery this month, its website showed. Tesla investors and fans are closely…
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Brazil plane crash kills all 61 aboard By Reuters
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Written by Gabriel Araujo, Andre Romani and Luana Maria Benedetto SAO PAULO (Reuters) – A regional turboprop plane crashed near Sao Paulo in Brazil on Friday, killing all 61 people on board, the airline said. The plane, which was bound for Sao Paulo’s international airport, took off from Cascavel in…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Customers Bancorp names veteran Allen Love its chief compliance officer By Reuters
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(Reuters) – Customers Bancorp (NYSE:CBM) on Friday named industry veteran Allen Love as its chief compliance and anti-money laundering officer. The announcement comes a day after the US Federal Reserve imposed enforcement action on the bank, which manages $22 billion in assets, over “significant deficiencies” in its risk management and…
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Dollar steady on US jobs relief as yen heads for first weekly drop in six By Reuters
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By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar hovered near a one-week high against other major currencies on Friday after the biggest drop in U.S. jobless claims in nearly a year eased fears of an impending economic slowdown. The US currency steadied against the Japanese yen after…
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Goldman Sachs’ fund division to leave climate investor group By Reuters
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By Ian Withers and Simon Jessop LONDON (Reuters) – Goldman Sachs Fund Management is to withdraw from investor outreach group Climate Action 100+, joining other financial services firms that have pulled out amid a political backlash in the United States. Members of global climate-focused coalitions in the United States have…