By Giulio Piovaccari and Gilles Guillaume MEUDON, France, Oct 11 (Reuters) – Stellantis heads into Paris Motor Show with a message it hopes customers, investors and dealers are ready to hear: after years of sliding market share and weak sales in Europe, the automaker is back in the fight. At a Sunda
By Rachel More PARIS, Oct 11 (Reuters) – Volkswagen chief Oliver Blume expects European policymakers to create the framework needed to make the German automaker’s restructuring a success, he said on Sunday, amid a push by Brussels to shield industry from low-cost Chinese competitors. At an event tit
MILAN/LONDON, Oct 11 (Reuters) – The leading shareholders in INWIT are arranging the financing for a potential take-private deal of Italy’s largest mobile telecom towers company, two people close to the matter said, amid a contractual dispute between the masts firm and its two main customers. French
Oct 10 (Reuters) – Nvidia is in talks to deepen its investment in open-source startup Reflection AI or acquire it, the Financial Times reported on Saturday, citing people with direct knowledge of the matter. • Talks are at an early stage and a deal could take several forms, including a so-called acq
By Kalea Hall DETROIT, Oct 9 (Reuters) – United Auto Workers President Shawn Fain declared victory on Friday in a race to maintain his position as head of the 400,000-member union. Fain, 57, who rose to national prominence during a 2023 strike against General Motors, Ford and Chrysler-parent Stellan
Oct 9 (Reuters) – Lockheed Martin on Friday unveiled PAC-3 Edge, a missile interceptor designed to defend against hypersonic and advanced missile threats, as the US military looks to strengthen its capabilities to counter emerging aerial threats. Growing demand for air and missile defense systems am
Oct 9 (Reuters) – Dental firm vVardis on Friday revealed a more than threefold rise in first-half revenue in its filing for an initial public offering in the US. Here are some more details: • The Zug, Switzerland-based company had a net loss of $27.8 million on revenue of $28.6 million for the six m
WASHINGTON, Oct 9 (Reuters) – US President Donald Trump said on Friday that Russia had agreed to immediately supply over 300,000 tons of diesel fuel to the American and global marketplace after what Trump described as a “highly successful” discussion with Russian President Vladimir Putin. Trump adde
By Lisa Baertlein LOS ANGELES, Oct 9 (Reuters) – The Port of Los Angeles, the busiest in the US for containers, set a volume record in September as holiday goods hit docks, ships were routed away from the drought-stricken Panama Canal and importers picked the shortest route from China to reduce use
Oct 9 (Reuters) – GSK will invest more than $800 million to expand its Upper Merion, Pennsylvania site into a new biopharmaceutical manufacturing and research hub, creating more than 300 jobs over the next five years, Pennsylvania Governor Josh Shapiro’s office said on Friday. • The investment will
By Lucia Mutikani WASHINGTON, Oct 9 (Reuters) – US consumer sentiment slumped further in early October as the rising cost of living because of the Middle East conflict soured households’ views of the economy, more bad news for President Donald Trump ahead of the November 3 midterm elections. The Uni
By Tom Polansek CHICAGO, Oct 9 (Reuters) – The US Department of Agriculture on Friday is expected to lower its estimate of how much of last year’s corn harvest was fed to livestock after it reported a bigger-than-anticipated jump in grain stocks last week, analysts said. Farmers and crop handlers ha
>>Vice President Vance Accuses Microsoft Of “Abusing” Program To Grant Workers Permanent Status (Washington, DC) — Vice President Vance says foreign workers at Microsoft will no longer be able to apply for permanent resident status in the U.S. through an employer-based program. Vance accused the tec
Oct 9 (Reuters) – Lawyers for Federal Reserve Governor Lisa Cook said on Friday that if a planned White House hearing on allegations against her is “anything close to objective,” it will demonstrate that Cook did not commit mortgage fraud and will leave no case to remove her. “We have engaged with t
By Gertrude Chavez-Dreyfuss, Suzanne McGee and Laura Matthews NEW YORK, Oct 9 (Reuters) – It is white-knuckle time in the bond market. US Treasury yields have risen sharply since the war with Iran began in February, with the 10-year yield up some 135 basis points to 5.23% and the 30-year yield up ar
By Joe Cash BEIJING, Oct 9 (Reuters) – China and the European Union have reached a deal that could cut Chinese exports of hybrid cars to the bloc by more than half, European Trade Commissioner Maros Sefcovic said on Friday after talks in Beijing aimed at reducing the EU’s ballooning trade deficit wi
BEIJING, Oct 9 (Reuters) – The European Union and China have agreed to halve Chinese exports of hybrid and plug-in hybrid vehicles to the EU, improve EU access to China’s market and ease Chinese licencing of rare earth exports, European Trade Commissioner Maros Sefcovic said on Friday. “This is far
By Howard Schneider WASHINGTON, Oct 9 (Reuters) – The exit from the COVID-19 pandemic raised incomes and wealth for most US families, with income gains concentrated among the less well off but more wealth flowing to the top 10%, a new Federal Reserve survey covering the 2022-2025 period showed. The
Oct 9 (Reuters) – Wall Street’s main indexes opened higher on Friday as oil prices retreated on easing Middle East supply concerns, though telecom shares remained under pressure after SpaceX’s spectrum acquisition raised competitive concerns across the sector. The Dow Jones Industrial Average rose 6
DUBLIN, Oct 9 (Reuters) – Global leasing giant Avolon said on Friday it had agreed to order 140 aircraft from Boeing and 110 from Airbus, with an option to buy a further 100 jets from the European planemaker. The orders were the largest Avolon, the world’s third-biggest aircraft lessor, has placed w
Oct 9 (Reuters) – US Treasury Secretary Scott Bessent has hired Judy Shelton, President Donald Trump’s former pick for the Federal Reserve Board, as an adviser with a particular focus on China, the Treasury Department said on Friday. Shelton previously led the European Bank for Reconstruction and De
Oct 9 (Reuters) – Netflix is planning to cut about 5% of its workforce, with an announcement expected as early as next week, Puck News reported on Friday, citing people familiar with the matter. Netflix declined to comment on the report. • The streaming giant’s last major round of layoffs came in 20
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Oct 9 (Reuters) – US equity funds recorded outflows in the week ended October 7, following two consecutive weeks of inflows, as investors locked in profits during a market rally amid concerns over rising Treasury yields and persistently high crude oil prices. Investors withdrew a net $5.11 billion f
By Anna Szymanski Oct 9 (Reuters) – Could bond market pain be contagious? Volatile oil prices, rising political risk in Europe, more Middle East fighting, and news of another round of mammoth AI corporate borrowing kept tensions in the sovereign debt market as taut as ever this week. The question is
By Rajesh Kumar Singh CHICAGO, Oct 9 (Reuters) – Delta Air Lines cut its annual profit forecast by nearly a quarter on Friday as soaring fuel costs, expected to add $6 billion to its bill in 2026, overwhelmed resilient travel demand and higher ticket prices. Its shares fell 2.5% in early trading aft
By Saeed Azhar NEW YORK, Oct 9 (Reuters) – With Goldman Sachs COO John Waldron firmly viewed as David Solomon’s likely successor as CEO in coming years, speculation is already building among staff over who could take Waldron’s job and what other changes that would trigger through the bank’s senior r
By Caroline Valetkevitch NEW YORK, Oct 9 (Reuters) – US companies are likely to deliver another earnings surge for the third quarter, and like the rally in the stock market, AI-related players are fueling most of those gains. While investors are enthusiastic about the hyper earnings growth fueled by
By Lewis Krauskopf NEW YORK, Oct 9 (Reuters) – Quarterly earnings reports from major banks, along with inflation data and other economic releases next week, will offer US stock investors insight into the strength of corporate profits and the path of interest rates, two key factors influencing the ma
By Lewis Krauskopf NEW YORK, Oct 9 (Reuters) – The US bull market is going strong as it nears its four-year anniversary, driven by an AI spending engine that is propelling corporate profits and economic growth. The S&P 500 is trading around record-high levels ahead of October 12, which will mark fou
