By Danielle Kaye and Angela Christy M Oct 1 (Reuters) – Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in full-year
Oct 1 (Reuters) – Federal Reserve Governor Lisa Cook said on Thursday that she sees AI, and its inflationary push, as a top risk for 2027, and noted that increasingly frequent supply shocks have had surprisingly persistent effects and become more salient for policy. “The AI build out is potentially
Oct 1 (Reuters) – Venture Global and ConocoPhillips said on Thursday they had signed a 20-year liquefied natural gas (LNG) supply agreement under which ConocoPhillips will buy 1 million tonnes a year of LNG starting in 2030. The deal comes as ConocoPhillips looks to bolster its LNG portfolio while c
Oct 1 (Reuters) – Walt Disney plans a restructuring of its television business that could result in hundreds of layoffs and the consolidation of divisions, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Media companies have been cutting costs as cord-cutting sh
Oct 1 (Reuters) – US Energy Secretary Chris Wright told Fox News on Thursday that he was “highly confident” Europe could help ease soaring global fuel prices by drawing down emergency diesel inventories to help ease soaring global fuel prices, adding: “I think we have some positive news coming.” The
WASHINGTON, Oct 1 (Reuters) – The Federal Aviation Administration is set to convene a safety review on Friday of a software issue affecting Boeing 737 MAX airplanes that could prevent pilots from accessing automated flight guidance during a specific landing scenario. The FAA is scheduled to convene
Oct 1 (Reuters) – The interest rate on the most common US home loan shot up by a quarter percentage point this week to the highest in almost three years on the back of surging government bond yields, dealing another setback to would-be home buyers. The rate on a 30-year, fixed-rate mortgage now aver
By Deborah Mary Sophia and Neil J Kanatt Oct 1 (Reuters) – David Ellison’s choice of Mattel CEO Ynon Kreiz as his co-captain at the new Paramount-Warner Bros Discovery signals what the media behemoth will care about most: running a lean, cost-efficient business that can pump more money out of its st
By Nathan Gomes and Kalea Hall Oct 1 (Reuters) – General Motors remained the top US auto seller during the third quarter despite a dip in sales, but Toyota Motor continued chipping away at its lead as high gasoline prices pushed buyers toward hybrids. GM, Ford Motor and Stellantis — also called the
By Amy-Jo Crowley LONDON, Oct 1 (Reuters) – BAE Systems is among the potential bidders that are in the early stages of exploring an offer for Robin Radar Systems, three people familiar with the matter told Reuters. CVC and Blackstone are also exploring making an offer for the Dutch drone detection c
By Michael S. Derby NEW YORK, Oct 1 (Reuters) – Minneapolis Federal Reserve President Neel Kashkari said on Thursday that he expects additional rate increases will be needed to restrain the economy going into 2027, though he is unsure about whether the next move should happen later this month. “I’m
By Michael S. Derby NEW YORK, Oct 1 (Reuters) – Federal Reserve Vice Chair Philip Jefferson said on Thursday that while he supported the US central bank’s interest rate increase last month, he does not see any urgency to make another move. “Any future adjustments in policy should be determined by ca
By Chris Prentice NEW YORK, Oct 1 (Reuters) – The US Federal Housing Finance Agency’s internal watchdog warned lawmakers that it will have to cut most staff and will not be able to do its job of policing misconduct, after the housing regulator slashed its budget. The FHFA, which oversees mortgage gi
Oct 1 (Reuters) – Paramount CEO David Ellison has asked CNN Chief Executive Mark Thompson to stay at the helm of the cable news network after the acquisition of Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday. The two held talks in recent weeks about a new contract
By Daniel Wiessner Oct 1 (Reuters) – Lyft has agreed to pay $272.5 million to settle claims by the state of California and three of its largest cities that the company mislabeled drivers as independent contractors rather than its employees to save money. • Lyft, Uber and other app-based services tha
Oct 1 (Reuters) – The International Criminal Court has ended its contract with French life and health insurer Axa starting October 1 and will now be using a new health insurance provider, a spokesperson for the Hague-based court said. The spokesperson gave no reason for the decision, which was first
WASHINGTON, Oct 1 (Reuters) – US construction spending unexpectedly surged in August, boosted by outlays on nonresidential structures like offices and power plants, but the trend remained weak as higher mortgage rates weighed on homebuilding. The Commerce Department’s Census Bureau said on Thursday
By Polina Devitt LONDON, Oct 1 (Reuters) – Gold’s resilience above $4,000 an ounce despite soaring Treasury yields suggests the post-2022 demand premium is proving more durable than many expected, setting the stage for further gains once the US Federal Reserve’s tightening cycle ends. Typically, gol
By Anousha Sakoui LONDON, Oct 1 (Reuters) – JPMorgan dealmaker Hernan Cristerna is retiring from banking after 30 years at the firm, a spokesperson said on Thursday, confirming a memo seen by Reuters. The US lender’s executive chairman of global investment banking and M&A will step down at the end o
(WASHINGTON) – Senate Democrats blocked the Ratepayer Protection Act Wednesday, stopping legislation designed to protect families from higher electricity bills linked to massive data centers. The Senate voted 57 to 43 on H.R. 9340, with every opposing vote coming from Democrats or independents. The
WASHINGTON, Oct 1 (Reuters) – US manufacturing activity was little changed in September, with prices for inputs surging amid strong demand, pointing to sustained inflation pressures. The Institute for Supply Management said on Thursday its manufacturing PMI dipped to 54.5 last month from 54.6 in Aug
Oct 1 (Reuters) – Wall Street’s main indexes opened higher on Thursday, buoyed by gains in software stocks, even as inflation and mounting government debt concerns pushed Treasury yields to more than two-decade highs. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 91.75 points, or 0.18%, to
AM Business Notebook For: October 1, 2026 >>Ahead Of The Bell (New York, NY) — The opening bell rings this morning as Wall Street ushers in a brand new trading month after stocks closed mixed yesterday to wrap up September. This comes following the latest U.S. economic data, which showed inflation s
By Dhara Ranasinghe and Harry Robertson LONDON, Oct 1 (Reuters) – Government borrowing costs from the United States to Germany and Japan have hit fresh multi-decade peaks on heightened worries about inflation and rising interest rates, along with nagging anxiety about nations’ debt loads. Elevated b
BEIJING, Oct 1 (Reuters) – Chinese electric vehicle maker BYD’s global sales rose for a fifth straight month in September, buoyed by strong exports that have increasingly become a key pillar offsetting persistently weak demand at home. Vehicle sales rose 17% from a year earlier to 463,561 units last
By Alexander Marrow, Anuja Bharat Mistry and Shania S Thomas Oct 1 (Reuters) – McCormick reported higher quarterly sales and profit on Thursday, as pricier seasonings and sauces helped cushion the blow from weaker consumer demand due to elevated gas prices and a cyclospora outbreak that dented volum
By Karen Freifeld and Allison Lampert NEW YORK, Oct 1 – The Trump administration has been taking steps to turn China’s dependence on US aviation suppliers into leverage for trade negotiations, according to people familiar with the matter. Efforts to slow vital goods to China show how the US is worki
By Mike Dolan Oct 1 (Reuters) – A new month, a new quarter – but the bond squeeze goes on, with the 10-year US Treasury yield hitting a 24-year high on Thursday. Even though Wednesday’s US August inflation updates, with long-expected methodology changes, were softer than forecast, they did little to
By Saeed Azhar, Max A. Cherney, Isla Binnie and Stephen Nellis NEW YORK, Oct 1 (Reuters) – Nvidia’s mammoth financing plan has opened a debate on Wall Street about how much its advanced chips and the infrastructure around them are worth. The answer for banks and investors seems to be: Not as much as
By Lewis Krauskopf NEW YORK, Oct 1 (Reuters) – A massive year for corporate profit growth is driving US stock market gains, but investors’ hesitancy that the good times will roll on without a hitch is seeping into equity valuations. Investors are preparing for another robust period of earnings as co
