WASHINGTON, Oct 5 (Reuters) – The U.S. Transportation Department has closed a review of the privacy practices of the 10 largest US airlines opened during the administration of then President Joe Biden without taking enforcement actions, according to a memo seen by Reuters. The department’s memo also
Oct 5 (Reuters) – Boeing on Monday said it was awarded a seven-year contract worth about $14.7 billion by Lockheed Martin to scale production and deliver PAC-3 Missile Segment Enhancement (MSE) seekers. • PAC-3 MSE is a hit-to-kill interceptor used within the Patriot air defense system to counter ba
By Dan Catchpole SEATTLE, Oct 5 (Reuters) – Boeing’s won the contract for the US Navy’s next-generation fighter due to years of investment, decades of experience building carrier-based jets and a design approach that closely matched the Pentagon’s push for easier-to-upgrade aircraft, according to pe
By Jan Wolfe WASHINGTON, Oct 5 (Reuters) – The US Supreme Court declined on Monday to hear a bid by real estate platform Zillow Group to escape a class action that accused it of misleading investors about its failed home-flipping venture. The court turned away Seattle-based Zillow’s appeal of a lowe
Oct 5 (Reuters) – Withdrawal requests at Blue Owl Capital’s flagship non-traded private credit fund dropped again in the third quarter, signalling redemption pressure is easing across parts of the US market even as stress remains in some vehicles and refinancing risks loom. Investors sought to withd
By Dhara Ranasinghe and Alun John LONDON, Oct 5 (Reuters) – A sliding euro is the latest alarm bell for policymakers facing a surge in French borrowing costs that has started to spill over into the broader euro area. The euro hit 17-month lows below $1.12 on Monday and tumbled against sterling, the
By Jarrett Renshaw and Kanishka Singh GRAND ISLAND, Nebraska, Oct 5 (Reuters) – US President Donald Trump signed an executive order on Monday to expand access to tax-exempt diesel that he unveiled from a rally stage in Nebraska. High diesel prices, which shot to a record of about $6.50 a gallon last
By Hannah Lang Oct 5 (Reuters) – The U.S. commodities regulator on Monday proposed a new federal framework for cryptocurrency exchanges that offer leveraged digital asset trading, in a move to bring parts of the spot crypto market under federal oversight weeks after Congress failed to advance compre
Oct 5 (Reuters) – David Ellison’s Paramount Skydance on Monday named the executive team that would lead the company after it closes its acquisition of Warner Bros Discovery in a deal that hands him control over some of the world’s largest media and entertainment assets. The deal is expected to close
By Philip Blenkinsop and Andreas Rinke BRUSSELS/BERLIN, Oct 5 (Reuters) – France and Germany have proposed the European Union toughen itself up with a new rapid-action measure to strike back against countries that harm the bloc economically in a new world where trade is increasingly used as a weapon
By Lucia Mutikani WASHINGTON, Oct 5 (Reuters) – US services sector activity slowed in September, while strong domestic demand stretched supply chains and pushed a measure of prices paid by businesses for inputs to its highest level in more than four years, suggesting inflation could remain elevated
By Sheila Dang and Katha Kalia HOUSTON, Oct 5 (Reuters) – Chevron Chief Financial Officer Eimear Bonner will become president of its oil, products and gas business, the company said on Monday. Jeff Gustavson, currently president of Chevron’s new energies business, will succeed Bonner as CFO. Both mo
Oct 5 (Reuters) – Sainsbury’s, Britain’s second-largest grocer, held talks with smaller rival Morrisons about a merger earlier this year, according to media reports on Monday. • The companies were considering a potential multibillion-pound deal before Sainsbury’s walked away, an FT report said, citi
Oct 5 (Reuters) – CNN CEO Mark Thompson will continue in his leadership roles at the news network under David Ellison-led Skydance, the company that will come into effect on Tuesday following the $110 billion merger of Paramount and Warner Bros Discovery. His counterpart at CBS News, Bari Weiss, wil
By Mike Scarcella WASHINGTON, Oct 5 (Reuters) – The US Supreme Court declined on Monday to hear a bid by Nexstar Media Group, which owns numerous local television stations, to block an antitrust suit by DirecTV challenging allegedly inflated content-distribution fees. The justices turned away Nexsta
LONDON, Oct 5 (Reuters) – The squeeze on crude oil and refined fuels is set to tighten, and it could take up to two years to refill global stockpiles drawn on as an emergency measure, the chief executive of the world’s biggest oil company Saudi Aramco said on Monday. Following the start of the US-Is
By Tharuniyaa Lakshmi and Shashwat Chauhan Oct 5 (Reuters) – The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year highs. Heavyweight tech stocks took the
By Mike Dolan Oct 5 (Reuters) – While a somewhat soft US employment report appeared to take the heat out of the interest rate and bond story on Friday, stress in sovereign debt markets shifted to Europe with an alarming blowout in the French debt risk premium over Germany. The 10-year French-German
By Oliver Griffin, Luciana Magalhaes and Marcela Ayres SAO PAULO/BRASILIA, Oct 5 (Reuters) – Brazil’s real jumped more than 4% against the US dollar on Monday morning amid a strong showing in early trading, after right-wing Senator Flavio Bolsonaro outperformed private poll predictions and took the
By Karen Brettell Oct 5 (Reuters) – The US government is paying more to borrow, and it is running out of easy ways to rein in its borrowing costs. Long-term Treasury yields are near their highest in two decades, and the causes do not look temporary. Washington is selling huge amounts of debt to cove
By Tom Hals, Max A. Cherney and Stephen Nellis WILMINGTON, Delaware, Oct 5 (Reuters) – Chipmaker Qualcomm and chip tech firm Arm Holdings, long at loggerheads, will once again be in court on Monday with Qualcomm accusing Arm of withholding chip testing tools that were due under contract. Qualcomm al
Oct 5 (Reuters) – Brazil’s financial markets were poised for a rally on Monday after right-wing Senator Flavio Bolsonaro took the lead in the first round of the country’s presidential election on Sunday against incumbent Luiz Inacio Lula da Silva. Below is a selection of comments from investors and
By Anirban Sen and Summer Zhen HONG KONG/NEW YORK, Oct 2 (Reuters) – Global hedge funds delivered mixed results in September after surging bond yields, higher oil prices and swings in AI shares drove selling, although some strategies led to gains, according to prime brokerage notes and investors. Gl
Oct 5 (Reuters) – The benchmark S&P 500 will retreat to 5,000 points by the end of 2027, Panmure Liberum said on Monday, warning that the equity bull market could end sooner than many investors expect. US stocks have remained remarkably resilient against a series of headwinds, including stubborn inf
Oct 5 (Reuters) – China’s Huawei Technologies said on Monday it had agreed a broad multi-year patent licence deal with Qualcomm covering artificial intelligence, 5G, computing and networking technologies. Here are some details: • The agreement includes Qualcomm’s purchase of certain Huawei US patent
By Shivangi Acharya NEW DELHI, Oct 5 (Reuters) – Trade deal talks between India and the United States have reached a plateau and further concessions might be difficult, Finance Minister Nirmala Sitharaman said on Monday, in the latest sign of difficulties in long-running efforts to finalise a bilate
BERLIN, Oct 5 (Reuters) – Europe’s uptake of electric vehicles is gaining momentum, with record sales so far this year driven by a slew of affordable models coming onto the market to bring carmakers in line with EU targets, according to a study. • EV sales across the EU reached record volumes in 202
A look at the day ahead in European and global markets from Rae Wee The dollar charged higher on Monday, drawing support from still-lofty Treasury yields even after a weaker-than-expected jobs report dampened expectations of a Federal Reserve rate hike this month. The move higher in the greenback ca
By Stefano Rebaudo Oct 5 (Reuters) – The euro slid to a 17-month low against the dollar on Monday as concerns about France’s ability to rein in its budget deficit and a sharp bond market sell-off last week stirred fears of a return of sovereign debt crisis dynamics in the euro zone. French governmen
By Rae Wee SINGAPORE, Oct 5 (Reuters) – Asian stocks made brisk gains on Monday as investors pared back expectations of a Federal Reserve rate hike this month, while the euro sank to a 17-month low on concerns over France’s deteriorating fiscal position. The euro tumbled more than 0.8% to $1.1161 in
