Oct 15 (Reuters) – Target said on Thursday that it was not using customer data to raise prices based on shoppers’ identities or locations, joining rival Walmart in trying to address growing concerns over targeted pricing by retailers. Here are some details: • Target said it also does not adjust pric
Oct 15 (Reuters) – CoreWeave, an Nvidia-backed cloud company that provides high-performance computing infrastructure for artificial intelligence, has secured tens of billions of dollars in contracts with major technology companies, relying heavily on private-credit investors, banks and bond markets
By Marie Mannes STOCKHOLM, Oct 15 (Reuters) – Volvo Cars is expanding its partnership with Nvidia to develop a new generation of driver-assistance and automated-driving technology, the companies said on Thursday, as carmakers race to bring increasingly advanced hands-free driving features to market.
By Oliver Hirt ZURICH, Oct 15 (Reuters) – UBS is working on possible scenarios including shifting its headquarters, or a merger with another bank, if Switzerland introduces new banking rules it deems excessively strict, according to three people familiar with the matter. Switzerland is crafting new
By Dmitry Zhdannikov LONDON, Oct 15 (Reuters) – When attack drones struck Saudi Aramco’s biggest oil pipeline last month, satellite images showed one of its pumping stations burnt to ashes. By the next day, scores of bulldozers were already building a new pipeline. Within days pumping resumed. The s
By Pritam Biswas Oct 15 (Reuters) – Nasdaq, home to some of the biggest US tech companies, experienced a network disruption at its Carteret, New Jersey facility that caused intermittent data gaps across all of its US equities markets on Thursday, though a person familiar with the matter said the bli
Oct 15 (Reuters) – Anthropic should delay its US IPO until it addresses concerns about safety, governance and the pace of development, urged New York City Comptroller Mark Levine in a letter to the AI lab’s CEO Dario Amodei. AI systems have advanced rapidly over the past 12 months, outpacing regulat
WASHINGTON, Oct 15 (Reuters) – US business inventories increased moderately in August amid strong sales growth, government data showed on Thursday. Inventories rose 0.4% after surging 0.9% in July, the Commerce Department’s Census Bureau said. The increase in inventories, a key component of gross do
Oct 15 (Reuters) – A selloff in US technology stocks and their bonds intensified on Thursday as high borrowing costs put the financing behind AI’s massive infrastructure buildout under growing scrutiny. CoreWeave’s bonds have sunk to distressed levels, US chipmakers have shed nearly $2 trillion in m
Oct 15 (Reuters) – The Nasdaq fell to near one-month lows on Thursday as fears of a hit to artificial-intelligence investments from higher interest rates deepened a rout in AI-linked stocks, while fresh data confirmed price pressures building in the US economy. At 09:30 a.m., the Dow Jones Industria
Oct 15 (Reuters) – Global brokerages largely expect the US Federal Reserve to raise interest rates at least once more this year after data on Wednesday showed consumer prices accelerated in September, reinforcing expectations that policymakers may need to keep borrowing costs higher for longer. Citi
By Saeed Azhar and Arasu Kannagi Basil Oct 15 (Reuters) – The levels the benchmark 10-year US Treasury yield has touched this year are not unprecedented, the CEO of the oldest US bank told Reuters, as a bruising selloff in government debt lifted yields to multi-decade highs. The 10-year US Treasury
By Eduardo Baptista BEIJING, Oct 15 (Reuters) – Chinese tech giant ByteDance’s AI research unit Seed has created an Alignment & Preparedness team and launched a global drive to recruit 10 researchers, saying it will make a long-term investment in AI safety for its increasingly capable models. The hi
(Corrected the capitalization in the company name CoreWeave.) By Mike Dolan Oct 15 (Reuters) – What matters in US and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Is an October Fed hike back on the table? The release of hot headline and core September US inflation figures
SAN FRANCISCO, Oct 15 (Reuters) – Tesla is set to unveil its redesigned Roadster on Thursday, nearly nine years after it first showed a next-generation version of its electric sports car. Tesla revealed a prototype of the $200,000 car in 2017 and said deliveries would begin in 2020. The price has no
By Danielle Kaye NEW YORK, Oct 15 (Reuters) – Ralph Lauren, like many companies in the retail space, had until last year tied part of its executives’ compensation to a warm-and-cuddly metric known as “citizenship and sustainability.” But in a sign of the times, the fashion label has replaced the sus
By Nick Carey PARIS, Oct 15 (Reuters) – The record 20 Chinese brands vying for attention at this week’s Paris car show reflect a stark reality: as a slowdown at home pushes China’s overcrowded auto industry to consolidate, success in Europe could help determine which carmakers survive. With the US m
NEW DELHI, Oct 15 (Reuters) – The first phase of an India-US trade deal is in the final stages of drafting, India’s trade minister said on Thursday, but reiterated that New Delhi would proceed only if it secures an advantage over competing exporters. New Delhi and Washington agreed to a framework fo
By Clara Denina and Olivia Kumwenda-Mtambo LONDON/JOHANNESBURG, Oct 15 (Reuters) – Cartier-owner Richemont is in talks to join a consortium bidding for De Beers, the diamond miner being sold by Anglo American and valued at about $1 billion, a person familiar with the matter said. A deal would give t
By Munsif Vengattil BENGALURU, Oct 15 (Reuters) – PepsiCo told an Indian court on Thursday that a continued ban on the “energy drink” label could drive its top-selling products out of stock nationwide in two months, though rival Red Bull is free to sell its own products for now. The remarks came as
BRUSSELS, Oct 15 (Reuters) – An adviser to Europe’s top court on Thursday backed EU regulators against TikTok in the company’s fight over its designation as a gatekeeper under landmark EU rules subject to strict obligations. “The Court should dismiss the action brought by Bytedance (TikTok) against
Oct 15 (Reuters) – Nasdaq futures fell more than 1% on Thursday as a selloff in AI-related stocks deepened on fears that higher interest rates will make it harder for companies to fund AI investments. The Nasdaq and the S&P 500 marked their biggest one-day drop since July on Wednesday after hotter-t
Oct 15 (Reuters) – Hyundai Motor America is recalling 94,622 vehicles in the US over a risk of fire while parked or driving due to the possibility of some front power seat motors overheating, the US National Highway Traffic Safety Administration said on Thursday. Here are some more details from NHTS
By Deborah Mary Sophia and Mehnaz Yasmin BENGALURU, Oct 15 (Reuters) – Figma’s CFO said on Thursday it was uncertain if the design software firm would return to peak gross margin levels as it ramps up AI spending, but said the investments will help draw users and better compete with sophisticated to
(Corrrects headline and throughout to show issuers referred to are governments and state entities, not sovereign wealth funds) By Selena Li Bangkok, Oct 15 (Reuters) – Governments and state entities are increasingly raising funds outside dollar-denominated bonds as the intensifying competition to ra
By Solomon Cefai SINGAPORE, Oct 15 (Reuters) – In 1899, the Mt Lyell mine in Tasmania produced some 9,500 metric tons of copper. That made it the largest copper mine in the British Empire, though small by today’s standards. In September, after 12 years idle, owner Sibanye-Stillwater approved a resta
PARIS, Oct 15 (Reuters) – Pernod Ricard reported on Thursday a smaller-than-expected 0.9% drop in sales for the first quarter of its 2027 fiscal year, hurt by weak demand and de-stocking in China and the United States although demand in India was strong. Pernod, the world’s second-largest spirits ma
A look at the day ahead in European and global markets from Tom Westbrook The bruising AI selloff extended after the bell, hard into Asia and even lent a bid to beaten-down bond markets. South Korea’s chip-heavy KOSPI has slid more than 15% this week, though it’s really data centres in the eye of th
TOKYO, Oct 15 (Reuters) – Some of Japan’s largest asset managers are expected to unveil plans to buy more domestic bonds with markets focusing on whether they would step up divestments of overseas assets to bring money back home. Although a major reallocation is unexpected, consistent flows home cou
LONDON, Oct 15 (Reuters) – The Financial Stability Board (FSB), a global standard setter, has called for greater human oversight of agentic AI in final guidance for banks and other firms on managing the technology’s risks. The FSB’s guidance, published Thursday, comes as regulators ramp up efforts t
