Oct 2 (Reuters) – Rivian Automotive reported record third-quarter deliveries on Friday, beating analysts’ estimates after rolling out its cheaper R2 SUV targeted at a broader section of the mass EV market. Shares of the Irvine, California-based EV maker were up about 1.4% in premarket trading. The R
WASHINGTON, Oct 2 (Reuters) – President Donald Trump said on Friday that a US trade deal with South Korea includes $8.4 billion for a project to pump gases into an aging oilfield to push out remaining crude. “The Republic of Korea Deal keeps getting BETTER! 8.4 Billion Dollars for an enhanced Oil Re
Oct 2 (Reuters) – Federal Reserve policymakers on Friday got more reason to wait before raising interest rates again, as government data showed the labor market is cooling more than expected. US employers added just 29,000 jobs last month, the Labor Department reported, less than the 90,000 economis
By Clara Denina and Divya Rajagopal LONDON/TORONTO, Oct 2 (Reuters) – China’s antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed $54 billion merger with Canada’s Teck Resources, three people
By Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Oct 2 – An OPEC+ review to help to determine members’ 2027 oil output quotas has been delayed after the US-Israeli war on Iran disrupted projects to expand capacity across the Middle East, throwing estimates of future production potential into uncer
By Johann M Cherian and Tharuniyaa Lakshmi Oct 2 (Reuters) – US stock index futures advanced on Friday as Treasury yields retreated, driven by reduced odds of a rate increase this month, and softer oil prices steadied investor sentiment ahead of a closely watched jobs report. Brent crude prices slip
By Juveria Tabassum and Danielle Kaye Oct 2 (Reuters) – When Nike brought Elliott Hill out of retirement in October 2024, investors hoped the company veteran would quickly reverse years of product missteps, rebuild relationships with wholesalers and restore the sportswear giant’s lost momentum. Two
By Kate Abnett BRUSSELS, Oct 2 (Reuters) – European Union countries discussed a French proposal on Friday to release diesel stocks in response to US pressure to help cool surging fuel prices, two sources familiar with details of the discussion told Reuters. The proposal, discussed on a call involvin
By Anna Szymanski Oct 2 (Reuters) – The third quarter of 2026 won’t be forgotten soon – even if bond investors might prefer to. The last three months have seen government bond yields hit multi-decade highs, diesel prices reach all-time peaks and crude prices rise back above $100 a barrel as the Midd
By Milana Vinn NEW YORK, Oct 2 (Reuters) – HSBC is expanding its technology, media and telecommunications investment banking franchise with a senior hire, Paras Jain from Cantor Fitzgerald, according to people familiar with the matter. The London-headquartered bank has hired the seasoned investment
By Rajesh Kumar Singh CHICAGO, Oct 2 (Reuters) – Alaska Airlines is taking its decade-long Seattle battle with Delta Air Lines overseas, deploying the widebody jets it acquired with Hawaiian Airlines to go head-to-head for premium international travelers. For much of its history, Alaska made money b
By Balazs Koranyi FRANKFURT, Oct 2 (Reuters) – Euro zone inflation surged more than expected in September and is likely to increase further in the coming months on soaring energy costs, keeping pressure on the European Central Bank to raise interest rates and governments to help struggling consumers
By Sarupya Ganguly BENGALURU, Oct 2 (Reuters) – The US dollar will give up most of its recent gains over the coming year according to FX strategists polled by Reuters who made only minor revisions to long-held weak dollar views despite a rally of more than 3% in the greenback since early September.
By Bhanvi Satija Oct 2 (Reuters) – Chinese biotech company Abogen said on Friday it has signed a licensing deal worth up to $7.8 billion with Novartis to develop messenger RNA-based therapies, underscoring the Swiss drugmaker’s growing focus on an emerging class of treatments. Novartis has come unde
By Tim Hepher PARIS, Oct 2 (Reuters) – Airbus delivered as many as 72 aircraft in September, almost matching 73 a year earlier and limiting the impact of a recent industrial quality flaw, industry sources said on Friday. Airbus declined to comment on the provisional delivery total ahead of a monthly
STOCKHOLM, Oct 2 (Reuters) – Swedish-based Volvo Cars will not achieve its previous full-year sales volume and cash flow guidance owing to an increasingly challenging market and deteriorating near-term outlook, it said on Friday. Volvo Cars, which is majority owned by China’s Geely Holding, has stru
A look at the day ahead in European and global markets from Stella Qiu It’s probably not much of a surprise that Treasury yields hit 24-year highs of 5.34% on the first trading day of October after their steepest quarterly rise in 32 years. The bond rout, however, did tempt some buyers back into the
By Samuel Indyk and Stella Qiu LONDON, Oct 2 (Reuters) – Global shares rose on Friday as wild volatility in bond and currency markets eased ahead of key US jobs data that could shape expectations for the Federal Reserve’s next policy move. In Europe, longer-dated sovereign bond prices rose on the da
By Stefano Rebaudo Oct 2 (Reuters) – The euro was set for a fourth straight weekly fall against the dollar, its steepest in around four months, as concerns about France’s fiscal trajectory and the Federal Reserve’s hawkish shift in mid-September weighed on sentiment. After sliding on Thursday, the s
Oct 2 (Reuters) – Australia’s Sunrise Energy Metals plans to relocate its parent company to the United States through a newly incorporated Delaware company and seek a primary listing on Nasdaq, the company said on Friday. Here are some more details: • The new US-based company, Sunrise Energy Metals,
By Anushree Mukherjee LONDON, Oct 2 (Reuters) – Oil prices fell about 3% and European gasoil futures dropped over 5% on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies. Brent fell $2.83, or 2.77%, to $99.48 a barrel at 08
By Natalia Siniawski and Leila Miller Oct 1 (Reuters) – Investment firms Petersen Energia and Eton Park petitioned the US Supreme Court on Wednesday to reinstate a $16.1 billion judgment against Argentina in the long-running litigation on Argentine energy firm YPF . The petition seeks to overturn a
By Ann Saphir Oct 1 (Reuters) – The US central bank will need to raise short-term borrowing costs by at least another half of a percentage point to turn monetary policy “modestly restrictive” and get inflation back on track to the Federal Reserve’s 2% goal, Dallas Fed President Lorie Logan said on T
By David Lawder MILWAUKEE, Oct 1 (Reuters) – G20 trade ministers agreed on Thursday to denounce the weaponization of food through coercive trade actions, but failed to reach consensus on statements denouncing forced labor in supply chains and on addressing structural excess industrial capacity, U.S.
By Anousha Sakoui and Echo Wang LONDON/NEW YORK, Oct 1 (Reuters) – Global M&A activity in the third quarter totalled $993 billion, down 41% compared to the prior quarter, marking the first quarter to fall below $1 trillion since the second quarter of 2025, according to LSEG data. Banca Monte dei Pas
By Mike Stone WASHINGTON, Oct 1 (Reuters) – RTX’s Raytheon unit won a multiyear contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for the US Navy, the service said on Thursday, as the Pentagon pushes to replenish munitions stockpiles depleted by conflicts in the Middle Ea
By Curtis Williams HOUSTON, Oct 1 (Reuters) – US President Donald Trump’s push to steer $54 billion of South Korean investment into Alaska LNG is putting a fresh focus on a 20 million-ton-a-year export project that would cost more than twice as much as a comparable US Gulf Coast plant. Trump unveile
(New York, NY) — Wall Street is closing with stocks higher to start the month of October. Oil prices saw a jump today, with Brent crude trading around four-point-six percent higher at a little over 102-dollars barrel. U.S. West Texas Intermediate futures rose about three-percent to around 93-dollars
By Stephen Culp NEW YORK, Oct 1 (Reuters) – Wall Street embarked on a new quarter with a nominally higher close on Thursday as the benchmark US Treasury yield eased back from multi-year highs after seven straight days of gains. After a raft of generally upbeat economic data, focus turns to Friday’s
By Shivansh Tiwary and Dan Catchpole SEATTLE, Oct 1 (Reuters) – Boeing’s largest white-collar union said on Thursday its members approved a sweetened contract offer, ending fears that a strike would stall work on two long-delayed jetliners and slow the pace of aircraft deliveries. The Society of Pro
