By Echo Wang and Milana Vinn NEW YORK, Oct 20 (Reuters) – Blackstone Inc and Warburg Pincus are exploring a sale of IntraFi that could value the financial technology company at more than $10 billion, according to people familiar with the matter. The private equity firms have hired Morgan Stanley and
SINGAPORE, Oct 21 (Reuters) – Chinese AI startup Moonshot is expanding into Singapore, with a new sales role listed on the company’s LinkedIn page this week. • The job posting, dated Tuesday, seeks applicants who have sales, venture capital, consulting, product or engineering experience who can “tra
MILAN/FRANKFURT/LONDON/MADRID, Oct 21 (Reuters) – Soaring euro zone government borrowing costs are reviving fears of a replay of the debt crisis that 15 years ago rocked the bloc. Panic not, say analysts and investors: banks are better prepared. Shaky public finances in the past created a so-called
A look at the day ahead in European and global markets from Gregor Stuart Hunter Just days after strapping thrusters onto the new Roadster, Elon Musk may be about to repeat the stunt for real this time with a far bigger boost for Tesla — by combining the EV maker with SpaceX. The mercurial industria
By Carlos Méndez Oct 20 (Reuters) – OpenAI said on Tuesday that two of its AI agents weakened parts of an internal monitoring system designed to detect misbehavior, the latest case of AI agents acting in ways their developers did not intend them to. While the ChatGPT maker said the incidents happene
Oct 21 (Reuters) – Elon Musk said on Tuesday that a merger of his two companies, SpaceX and Tesla, would be “a good idea” and that they had formed special committees to discuss a union. The news sent shares of the space and technology company up 8% in extended trading. This is what people are saying
TOKYO, Oct 21 (Reuters) – The US dollar hovered near a three-week low on Wednesday as traders assessed developments in the Middle East after the conflict burnished the currency’s appeal as a safe haven amid oil-driven inflation worries. The Australian dollar reached a three-week high against the gre
By Colleen Howe and Emily Chow BEIJING, Oct 21 (Reuters) – Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market. Brent crude futures rose $1.59, or 1.5%, to $110.38 per
By Max A. Cherney SAN FRANCISCO, Oct 20 (Reuters) – The chip manufacturing joint venture between SpaceX and Tesla called Terafab aims to reach volume production by the third quarter of 2028, Elon Musk said on a SpaceX conference call on Tuesday. “I put big error bars on this because we don’t know if
CHICAGO, Oct 20 (Reuters) – Alaska Air Group on Tuesday forecast a bigger-than-expected fourth-quarter loss as soaring fuel costs continued to squeeze its profits despite strong travel demand and higher fares. The carrier expects an adjusted loss of $2 to $2.50 per share for the quarter, compared wi
By Kylie Madry MEXICO CITY, Oct 20 (Reuters) – Aeromexico will likely unveil a first batch of new US routes as soon as next week, Chief Executive Andres Conesa said on Tuesday, offering the clearest sign yet that Mexico’s flagship carrier is moving quickly to capitalize on Washington’s decision to l
By Jamie McGeever ORLANDO, Florida, Oct 20 (Reuters) – US stocks rose on Tuesday, shrugging off global weakness earlier in the day as oil prices pulled back sharply from six-month highs, a reversal that also pushed longer-dated Treasury yields lower. Shares in SpaceX spiked 3% in post-market trading
By Rajesh Kumar Singh CHICAGO, Oct 20 (Reuters) – United Airlines on Tuesday forecast fourth-quarter profit well below Wall Street estimates despite expectations for record revenue, as soaring fuel costs were expected to persist, eating into gains from strong travel demand and higher ticket prices.
By Dan Catchpole and David Shepardson EVERETT, Washington/WASHINGTON, Oct 20 (Reuters) – The US Federal Aviation Administration on Tuesday granted final approval to the long-delayed Boeing 737 MAX 10, clearing the way for the US planemaker to begin delivering the largest version of its best-selling
Turkey Says $20 Billion Iraq-Europe Trade Route Could Generate $55 Billion Over Decade By The Media Line Staff Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu said at a conference in Ankara that the Development Road Project linking Iraq, Turkey and Europe could contribute about $55
Oct 20 (Reuters) – Anthropic said it would commit 5% of its shares to a new public benefit fund, as debate intensifies over how the growing wealth generated by artificial intelligence should be distributed. The pledge comes amid a broader political debate over who should benefit from AI’s gains, mon
By Gabriel Araujo SAO PAULO, Oct 20 (Reuters) – Citigroup’s Mexican unit is aiming to expand its business with other banks after its separation from Banamex gave it greater freedom to serve financial institutions, Citi Mexico CEO Luis Brossier told Reuters on Tuesday. Citi split Banamex from its ins
By Daniel Wiessner Oct 20 (Reuters) – Instacart parent Maplebear will pay $5 million to settle a federal investigation into claims that the grocery delivery company discriminated against American workers through its recruiting and hiring practices, two US agencies said on Tuesday. The US Department
By Svea Herbst-Bayliss NEW YORK, Oct 20 (Reuters) – Activist investor Starboard Value on Tuesday unveiled a new stake in Honeywell spin-off Solstice Advanced Materials, arguing the company is undervalued and needs someone to hold management accountable for boosting share price performance. Solstice
FRANKFURT, Oct 20 (Reuters) – German sportswear maker Adidas on Tuesday raised its full-year profit outlook and reported a 37% increase in third-quarter operating profit. • Third-quarter operating profit rose to a record €1.008 billion ($1.1 billion) from €736 million a year earlier • The company sa
Oct 20 (Reuters) – Artificial intelligence startup ASI said on Tuesday it had raised $325 million in a funding round valuing the company at $3 billion, amid growing investor appetite for AI software used in real-world applications. Here are more details: • The Series C round was led by Spark Capital
By Nandan Mandayam Oct 20 (Reuters) – 3M lifted its 2026 profit forecast on Tuesday, a day after its expanded data-center partnership with Amazon signaled a growing focus on AI-linked offerings, sending the industrial conglomerate’s shares up nearly 5%. Robust industrial activity in the US as well a
By Dietrich Knauth NEW YORK, Oct 20 (Reuters) – US food importer Gellert Global Group on Tuesday sued to stop the Trump administration’s latest tariffs on imports from Canada, saying the duties represent another attempt to claim presidential tariff power that has been rejected in court. Republican P
Oct 20 (Reuters) – Ford is recalling 102,159 F-Series trucks in the US over faulty equipment, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. Here are details: • The analog tachometer, which shows engine speed in revolutions per minute, and speedometer may get stuck or mo
By Rajesh Kumar Singh, Aatreyee Dasgupta and Mike Stone Oct 20 (Reuters) – Northrop Grumman and RTX raised their annual profit forecasts on Tuesday, helped by robust demand from military programs that pushed their backlogs to record levels. Sustained demand for commercial aerospace services also fue
By Jasper Ward WASHINGTON, Oct 20 (Reuters) – Phoenix Tailings will build a commercial-scale rare earth processing facility worth $375 million in the city of Rochester, New York state’s Governor Kathy Hochul said on Tuesday. The United States is pouring billions into new rare earth plants to loosen
WASHINGTON, Oct 20 (Reuters) – Contracts to purchase previously owned US homes plunged to a record low in September as rising mortgage rates depressed demand for housing. The pending home sales index tumbled 7.3% to 66.0 last month, the lowest level since the series started in 2001, the National Ass
MILAN, Oct 20 (Reuters) – Ferrari CEO Benedetto Vigna on Tuesday praised Tesla’s latest Roadster sports car presentation, saying the redesign showed the auto industry had room for daring innovation even in a mature market. With stunts, including airborne manoeuvres, Tesla last week made public a Roa
Oct 20 (Reuters) – Alphabet’s Google said on Tuesday full service has been restored in its London-based cloud region after a “power event” disrupted multiple cloud services. (Reporting by Anhata Rooprai in Bengaluru) Brought to you by www.srnnews.com
Oct 20 (Reuters) – Wall Street’s main indexes opened lower on Tuesday, dragged down by renewed weakness in AI-linked stocks and a rebound in oil prices, while investors braced for major corporate earnings reports this week. The Dow Jones Industrial Average fell 6.8 points, or 0.01%, to 51,959.21 at
