By Kalea Hall Oct 21 (Reuters) – General Motors plans to offer “eyes-off” autonomous driving on its highest-selling, most profitable vehicles — big pickup trucks and SUVs — as it seeks fresh revenue streams from heavy technology investments. Last year, GM said it would offer autonomous highway drivi
Oct 21 (Reuters) – Indian billionaire Mukesh Ambani and his son Anant Ambani held discussions with US Secretary of State Marco Rubio about the global energy landscape and the intersection of energy and digital infrastructure, including data centres, the Ambani-run Reliance Industries said on Wednesd
Oct 21 (Reuters) – Anthropic said on Wednesday that Christopher Stubbs, former dean of science at Harvard University, had joined its oversight body, which holds the power to appoint a majority of the AI startup’s board. Here are some details: • The oversight group, known as the Long-Term Benefit Tru
By Mehnaz Yasmin and Deborah Mary Sophia Oct 21 (Reuters) – Regulatory hurdles, funding shortages and gaps in workforce skillsets are prompting European startups to consider relocating, risking a mass exit of the region’s most promising new ventures, an Amazon Web Services executive told Reuters on
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO, Oct 21 (Reuters) – United Airlines CEO Scott Kirby said on Wednesday the carrier expects fuel prices to remain elevated throughout 2027. Kirby said achieving United’s goal of double-digit pretax margins next year would probably require lower fuel co
(New York, NY) — Wall Street is opening with stocks mixed this morning. Shares of SpaceX have seen a surge after the company said its revenue grew 161-percent in the third quarter. Meanwhile, investors are keeping their eye on Meta Platforms, which is set to report after the bell. Tesla is also expe
By Stephen Nellis SAN FRANCISCO, Oct 21 (Reuters) – Apple on Wednesday said it will have ‘limited’ numbers of its folding iPhone Duo phone available for walk-in customers when the device launches Friday, after initial online orders sold out in minutes and pushed delivery times for some customers to
Oct 21 (Reuters) – Wall Street’s main indexes opened higher on Wednesday after quarterly results from SpaceX and Super Micro Computer improved appetite for AI stocks, while Netflix slipped after its forecast failed to impress investors. The Dow Jones Industrial Average rose 157.0 points, or 0.30%, a
AM WALL STREET BUSINESS, WED 10-21-2026 Brought to you by www.srnnews.com
By Krystal Hu Oct 21 (Reuters) – OpenAI will make its frontier artificial intelligence models and Codex coding agent available through Google Cloud in the coming weeks, the companies said on Wednesday, deepening ties between two rivals and underscoring how major cloud providers are becoming key dist
By Jaspreet Singh and Aditya Soni Oct 21 (Reuters) – EBay will lay off about 9% of its workforce as the online marketplace looks to simplify operations and shift resources to its fastest-growing areas, CEO Jamie Iannone told staff in a memo that was reviewed by Reuters. A spokesperson for eBay confi
Oct 21 (Reuters) – Philip Morris International on Wednesday warned that global conflicts were starting to hurt its business, with higher prices driven by the war in the Middle East starting to bite and strikes hitting its supply chain infrastructure in Ukraine. The Stamford, Connecticut-based compan
By Tassilo Hummel, Helen Reid and Alessandro Parodi PARIS/LONDON, Oct 21 (Reuters) – London-based Cai Baochun used to make a hefty profit reselling Hermes’ famed Birkin bags for more than double their $10,000 retail price. Now he has stopped stockpiling them as second-hand prices fall. “I don’t want
By Purvi Agarwal and Tharuniyaa Lakshmi Oct 21 (Reuters) – The tech-heavy Nasdaq led gains on Wednesday after quarterly results from SpaceX and Super Micro Computer improved appetite for AI-linked stocks, while Netflix slipped as its forecast failed to impress investors. Elon Musk’s rocket and space
By Akash Sriram Oct 21 (Reuters) – Elon Musk sees “a lot of merit” in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way. That tension runs through a deal that many analysts call
Oct 21 (Reuters) – AT&T raised its annual adjusted profit forecast on Wednesday after beating quarterly revenue and profit estimates, betting on its service bundles to drive growth and help prevent customers from switching to rivals. About 43% of households signing up for AT&T’s internet services al
Oct 21 (Reuters) – Super Micro Computer jumped over 12% on Wednesday after it forecast quarterly revenue and profit margin comfortably above Wall Street estimates, signaling that AI data center demand remains resilient. Shares of the AI server maker rose 12.2% to $36.44 in premarket trading. Here ar
By Nicole Jao, Arathy Somasekhar and Jarrett Renshaw NEW YORK, Oct 21 (Reuters) – President Donald Trump’s deal with Russia to supply diesel to US and global markets is unlikely to meaningfully lower diesel prices, market watchers and analysts said, noting that the promised volumes are too small to
By Courtney Rozen WASHINGTON, Oct 21 (Reuters) – As OpenAI executives step up their public calls for federal AI safety rules, a political group the company’s president helped fund is spending millions to elect members of Congress who oppose restrictions on the technology. OpenAI’s safety practices h
By Amanda Cooper LONDON, Oct 21 (Reuters) – France’s 10-year government bond yield hit the 5% mark on Wednesday, a new 24-year high, the latest sign of growing concern among investors over France’s ability to restore its fragile finances. Government bond yields have risen around the world this year,
FRANKFURT, Oct 21 (Reuters) – The euro zone economy has weathered this year’s energy shock better than expected, with lower dependence on fossil fuels, stronger fiscal support and an AI investment boom helping sustain growth, European Central Bank economists said on Wednesday. The assessment, publis
By Amir Orusov Oct 21 (Reuters) – Software and digital technology are set to overtake traditional vehicle engineering as the key battleground in the automotive industry by 2035, while China is expected to strengthen its position among the world’s largest carmakers, a KPMG survey of industry executiv
Oct 21 (Reuters) – Toyota is recalling 105,794 vehicles in the US over a potential fuel leak that could raise the risk of fire if it reaches an ignition source, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. Here are some details: • The recall involves certain 2024-202
By Gianluca Lo Nostro Oct 21 (Reuters) – EssilorLuxottica shares rose more than 14% on Wednesday after the Ray-Ban maker beat third-quarter revenue expectations, with resilient demand for its core eyewear products outweighing signs of moderating growth in smart glasses. The move is a sign of easing
By Gregor Stuart Hunter SINGAPORE, Oct 21 (Reuters) – Asian stocks came close to reclaiming their highest level since last week’s selloff in regional trading on Wednesday, buoyed by gains on Wall Street and early signs of a strong corporate earnings season. MSCI’s broadest index of Asia-Pacific shar
By Tristan Veyet and Alessandro Parodi Oct 21 (Reuters) – Adidas shares rose 2.4% in early trade on Wednesday, after the German sportswear group raised its full-year outlook on the back of unscheduled preliminary earnings which beat market expectations. Including a one-off US tariff refund of €200 m
Oct 21 (Reuters) – Getty Images filed for Chapter 11 bankruptcy on Wednesday, formalizing restructuring plans unveiled more than a week ago as part of its move to go private. • Last week, Getty announced plans to file for bankruptcy, marking a major reset after its planned merger with rival Shutters
By Suban Abdulla LONDON, Oct 21 (Reuters) – British inflation and borrowing rose more than expected last month, according to data that will add to calls for help for households in finance minister John Healey’s first budget next week and the likelihood of a Bank of England interest rate hike. Consum
Oct 21 (Reuters) – Bicycles-to-car parts retailer Halfords posted a rise in like-for-like first-half sales on Wednesday and retained its annual profit forecast, as extended summers helped push sales of cycling, outdoor and camping equipment higher. Here are some details: • Group like-for-like sales
SYDNEY, Oct 21 (Reuters) – Fortescue, Australia’s third-largest miner, said on Wednesday it fired a senior executive following an investigation into allegations of sexual harassment and bullying. The investigation, conducted by law firm MinterEllison, found conduct that breached company policies and
