By Iain Withers and Ankur Banerjee LONDON/SINGAPORE, Oct 30 (Reuters) – Tech shares slumped on Friday and US bonds surged toward their biggest monthly gain in nearly three years, as investors scurried to safety due to worries that huge and rising AI spending may not deliver sufficient returns. Futur
By Helen Clark and Siyi Liu SINGAPORE, Oct 30 (Reuters) – Oil prices rose on Friday — set for a fourth monthly gain — as an attack on a tanker in the Strait of Hormuz highlighted the continuing supply risks from the US-Israeli war on Iran, which has entered its eighth month. Brent crude futures for
By Dietrich Knauth NEW YORK, Oct 30 (Reuters) – Bayer won a trial on Thursday over claims by three women that its Roundup weedkiller caused their cancer, while awaiting a broader ruling from a separate court on the company’s $7.25 billion effort to settle other Roundup cases. The trial was a test fo
By Akash Sriram and Abhirup Roy Oct 29 (Reuters) – Rivian CEO RJ Scaringe said on Thursday the EV maker is “very confident” it will hit an autonomy milestone this year that unlocks a $250 million tranche of Uber’s investment, and that demand for its new R2 compact SUV was strong. The Uber funding an
By Sanskriti Shekhar Oct 29 (Reuters) – Cadbury parent Mondelez International beat Wall Street expectations for third-quarter profit on Thursday, supported by favorable cocoa prices and higher pricing across key regions, including North America. Shares of the Oreo maker rose 6.5% in extended trading
Oct 29 (Reuters) – Circle and Tether on Thursday froze over $2.38 billion in stablecoin currency after Binance said it was actively investigating a potential security issue. Binance, the world’s largest cryptocurrency exchange, said in a post on X its teams were reviewing all relevant information wi
(Corrects “operating income growth” target of “10% to 12%” to “adjusted operating margin” of “15%” to reflect CFO comment in paragraph 2) Oct 29 (Reuters) – FedEx Freight forecast earnings for the crucial holiday quarter above analysts’ estimates on Thursday, citing improvement in volumes after repo
By Sinéad Carew NEW YORK, Oct 29 (Reuters) – Chip stocks took another hit after Thursday’s weak quarterly earnings report from Intel, which could make for interesting dynamics when trading reopens on Friday. The semiconductor index sold off in post-close trading on Thursday after chipmaker Intel bla
By Leika Kihara and Makiko Yamazaki TOKYO, Oct 30 (Reuters) – The Bank of Japan kept interest rates steady on Friday, but declared victory in a nearly 14-year battle to hit its price target and signalled vigilance against inflation risks, suggesting the next rate hike could be as soon as December. W
Oct 29 (Reuters) – Walmart said on Thursday it had extended its agreement with AI robotics firm Symbotic, committing about $6 billion over several years to bring more automation capabilities to its distribution network. Symbotic has been helping Walmart automate its supply chain since 2017. Under th
By Neil J Kanatt and Waylon Cunningham Oct 29 (Reuters) – Starbucks forecast annual profit above Wall Street expectations on Thursday and unveiled a $1 billion share repurchase plan, signaling confidence that Chief Executive Brian Niccol’s sweeping overhaul of the coffee chain is beginning to gain t
Oct 29 (Reuters) – The US Federal Trade Commission, attorneys general from several states and two California jurisdictions sued restaurant software firm Toast Inc. on Wednesday, alleging it charges hidden fees, pushes unwanted add-ons, and makes its services difficult to cancel, the FTC said in a st
By Lisa Baertlein LOS ANGELES, Oct 29 (Reuters) – US shippers in the third quarter paid the most to move freight since 2021, after soaring diesel prices due to the US and Israeli war on Iran and a reduction in available truck drivers following federal immigration crackdowns helped send rates higher,
Oct 29 (Reuters) – Polymarket said on Thursday it had restored trading after a temporary halt prompted by a security incident involving a third-party provider, and that it would fully reimburse affected traders. The prediction market operator said in a post on X that it had identified and fixed the
By Stephen Culp and Shashwat Chauhan NEW YORK, Oct 29 (Reuters) – US stocks slid on Thursday, with investors reassessing big tech’s massive AI spending spree as they digested high-profile earnings and crucial inflation data the day after the Federal Reserve held US interest rates steady. All three m
By Jonathan Stempel Oct 29 (Reuters) – General Motors will pay $220 million to settle allegations that it illegally sold drivers’ private behavior and location data to brokers, who then sold the information to insurers that used it to set and sometimes increase rates. The settlement, announced on Th
By Ariane Luthi ZURICH, Oct 29 (Reuters) – The Swiss government has analysed how UBS would fare if it relocated abroad to escape stricter new capital rules, underlining how seriously officials are taking the possibility the country’s biggest bank could leave. Reviewed by Reuters, the internal assess
By Andrew Mills and Maha El Dahan DOHA, Oct 29 (Reuters) – QatarEnergy is buying long-term supplies of liquefied natural gas from the US and other producers as part of a trading strategy designed to generate revenue if exports through the Strait of Hormuz are disrupted in the future, CEO Saad Sherid
By Sophie Kiderlin and Stefano Rebaudo LONDON, Oct 29 (Reuters) – Major central banks took a break from interest rates rises this week, but they are by no means done, with energy prices near multi-month highs and no resolution to the conflict in the Middle East in sight. The Federal Reserve and Euro
Oct 29 (Reuters) – French telecom group Orange’s digital security arm on Thursday announced a partnership with Mistral AI to equip its products with a cybersecurity variant of the startup’s latest AI model. The deal gives Orange Cyberdefense, one of Europe’s largest cybersecurity providers, access t
By Juveria Tabassum Oct 29 (Reuters) – Hershey on Thursday warned that increased pressure on shoppers due to high inflation and interest rates could impact how much consumers spend on candy this Halloween. US consumer sentiment hovered near record lows in October as Americans head into the holiday s
By Milana Vinn and Anuja Bharat Mistry Oct 29 (Reuters) – DoorDash said on Thursday it would buy Instacart in a deal valued at about $17 billion, stepping up its push into the fast-growing US grocery delivery market as competition intensifies among app-based platforms. The deal, DoorDash’s biggest y
Oct 29 (Reuters) – Grain trader Bunge beat Wall Street estimates for third-quarter adjusted profit on Thursday, benefiting from robust processing margins for soybeans and other oilseeds. The Missouri-based company posted an adjusted profit of $2.56 per share for the three months ended September 30,
FRANKFURT, Oct 29 (Reuters) – The European Central Bank left interest rates unchanged in a well-telegraphed move on Thursday but maintained expectations for another hike in December with a warning that high and rising energy costs were fuelling inflation risks. The ECB has raised rates twice this ye
Oct 29 (Reuters) – US stocks opened lower on Thursday as Alphabet’s results rekindled worries about soaring AI costs, while investors assessed fresh inflation data following the Federal Reserve’s decision to keep interest rates unchanged. The Dow Jones Industrial Average fell 389.0 points, or 0.74%,
WASHINGTON, Oct 29 (Reuters) – US inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists’ expectations of an interest rate increase from the Federal Reserve in December. The Personal Consumption Expenditures Price Index climbed 0.5% last month a
Oct 29 (Reuters) – Cheniere Energy raised its full-year earnings forecast on Thursday, driven by higher LNG export volumes as Middle East supply disruptions pushed buyers toward US shipments. Shares of the largest U.S. LNG exporter rose 4% in premarket trading. The company also raised its quarterly
By Harshita Mary Varghese Oct 29 (Reuters) – Serval raised $150 million in a Sequoia-led round at a $3 billion valuation, as the enterprise automation company seeks to use AI agents to handle workplace tasks and replace legacy software across large organizations. The round triples Serval’s $1 billio
By Pritam Biswas and Anirban Sen Oct 29 (Reuters) – Kalshi has raised $1 billion in a new funding round that values the prediction-market startup at $40 billion, the company said on Thursday, as it pushes to expand beyond event contracts and compete more directly with traditional exchanges. The fund
Oct 29 (Reuters) – Caterpillar beat third-quarter profit estimates on Thursday, buoyed by AI-driven demand for power-generation equipment, but its unchanged annual sales forecast raised questions over how long the data-center boom can drive growth. Shares of the company, known for its big yellow bul
