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
Oct 1 (Reuters) – Dow futures slipped to a more than three-month low on Thursday as concerns over inflation and rising government debt drove Treasury yields to multi-decade highs, while blowout results from Micron lifted the chip stocks. Stock moves over the last few weeks have been in lockstep with
The US 10-year Treasury yield hit its highest level in 24 years on Thursday, as a brutal bonds selloff gathered pace. It rose to as high as 5.342%, surpassing its 2007 peak, and hitting its highest since early 2002. The global benchmark posted its biggest quarterly rise this century in the third qua
Oct 1 (Reuters) – Registrations of new Tesla cars rose across several European markets in September, extending a rebound in the US electric vehicle maker’s regional sales. Tesla registrations, a proxy for sales, rose 61.9% in France, 2.2% in Norway and 38.4% in Sweden from a year ago, data released
Oct 1 (Reuters) – Citigroup raised its 12-month forecasts for bitcoin and ether, citing stronger crypto activity, a supportive macroeconomic backdrop and a resumption of ETF inflows. The brokerage increased its target for bitcoin to $113,000 from $82,000 and for ether to $3,028 from $2,240. • Citi s
SINGAPORE, Oct 1 (Reuters) – US yields hit two-decade highs for a seventh straight session on Thursday before a drop in oil prices steadied a bond market reeling from its worst quarter this century, as investors brace for higher interest rates. The benchmark US 10-year Treasury racked up an 87.1 bas
By Karen Brettell Oct 1 (Reuters) – The US Treasury is purchasing fewer bonds than expected in its buybacks of longer-dated debt, even after recently expanding the program’s scope, stoking debate among investors over its aims and whether it is succeeding. The program enables bondholders to offer spe
Oct 1 (Reuters) – Only 13% of companies were on track with their AI initiatives, as regulatory hurdles and integration with legacy IT systems slowed large-scale adoption, a BearingPoint study found. Nearly three-quarters of companies surveyed reported positive financial results from AI but less than
A look at the day ahead in European and global markets from Rae Wee Asian markets ushered in the final quarter of the year on a muted note on Thursday, though bond markets remained firmly in focus for investors as yields hovered at multi-year highs. A slower-than-expected rise in US inflation in Aug
Oct 1 (Reuters) – Goldman Sachs pushed its forecast for the next US interest rate hike to December after a softer-than-anticipated inflation reading cooled expectations the Federal Reserve would hike rates again in October. The brokerage had previously forecast a 25-basis-point increase in October.
Syria-China Trade Nears $670 Million as Industrial Investment Hits $500 Million Rizik Alabi / The Media Line Staff DAMASCUS — China’s economic activity in the Syrian market accelerated sharply in 2026, with Syrian imports from China rising significantly as hundreds of millions of dollars in new Chin
By Michael S. Derby NEW YORK, Sept 30 (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday that he expects the central bank to raise rates again depending on how the economy performs, amid a very necessary effort to bring inflation back to target. Penciling more
U.S. Sanctions Pakistani Defense Executive, Three Companies Over Alleged Iran Arms Procurement Network By: The Media Line The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 10 individuals and entities across multiple jurisdictions for allegedly procuring wea
By Jonathan Stempel NEW YORK, Sept 30 (Reuters) – Bank of America’s Merrill Lynch unit will pay $39 million to settle a class action claiming it paid brokerage customers near-zero interest rates instead of market rates on idle cash in their retirement accounts. Settlement papers were filed late on W
By Elida Moreno and Divya Rajagopal PANAMA CITY, Sept 30 (Reuters) – A Panamanian government commission on Wednesday recommended opening formal negotiations with First Quantum Minerals to set conditions to reopen the shuttered Cobre Panama mine, one of the world’s largest open-pit copper deposits. T
By Jody Godoy Sept 30 (Reuters) – A US judge entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros, ending a months-long holdup, as the company named Mattel’s Ynon Kreiz as co-CEO to help run the combined business. US District Court Judge Araceli Martí
By Stephen Nellis SAN FRANCISCO, Sept 30 (Reuters) – Synopsys, a maker of software used in designing computing chips, said on Wednesday that it has struck a deal to share revenue with OpenAI as the two develop an AI model for the chip business. GPT-Synopsys, as the model will be called, will be spec
By David Shepardson WASHINGTON, Sept 30 (Reuters) – The head of the US Transportation Department said on Wednesday that he wants to speed certification of new airplanes from Boeing and other manufacturers, citing competition concerns from China. “Where’s the new innovation in aviation from the big p
SAO PAULO, Sept 30 (Reuters) – Brazil and the US will establish a working group to discuss issues related to a potential agreement on trade, the Brazilian government said in a statement on Wednesday, after a meeting between officials from both countries. According to the statement, the US will submi
By Ross Kerber Sept 30 (Reuters) – Wall Street’s top regulator backed a plan developed by electric carmaker Tesla allowing companies to have investors opt to cast proxy votes in line with management automatically, worrying corporate activists, who say it will further diminish their influence. The pr
By David Lawder MILWAUKEE, Sept 30 (Reuters) – Members of an OECD forum on excess steel capacity agreed on Wednesday to work towards imposing more tariffs on steel from China and other overproducing countries, and to refrain from subsidies that maintain loss-making steel mills or encourage new uneco
By Dan Catchpole SEATTLE, Sept 30 (Reuters) – Boeing’s largest white-collar union will decide on Thursday whether its members accept a sweetened contract offer or move closer to a strike that would stall work on two long-delayed jetliners and slow jet deliveries. A second rejection by the roughly 17
By Richard Cowan WASHINGTON, Sept 30 – The US Senate on Wednesday blocked legislation placing new restrictions on stock trading by members of Congress, as Democrats refused to provide enough votes to advance the measure toward passage, arguing that it falls short of a full ban. By a vote of 53-47, t
By Ann Saphir Sept 30 (Reuters) – A Federal Reserve rate hike next month looked less likely Wednesday after fresh government data showed inflation rose less than expected in August, easing pressure on the US central bank to act on the eve of hotly contested national elections in November. The Person
By Anuja Bharat Mistry and Alexander Marrow Sept 30 (Reuters) – General Mills on Wednesday appointed Chief Operating Officer Dana McNabb as its CEO, leaning on an insider to steer the company through a difficult environment of high inflation, low consumer spending and private labels eroding branded
By Mike Colias Sept 30 (Reuters) – Ford CEO Jim Farley said a supplier issue that affected F-150 pickup-truck output in recent days has been resolved, but the snag has impacted the company’s third-quarter wholesale numbers. Production of Ford’s best-selling vehicle was halted last week at a Detroit-
By Waylon Cunningham Sept 30 (Reuters) – Starbucks’ strained relationship with its US union is facing fresh scrutiny from a shareholder proposal filed Friday by New York City’s comptroller that has not previously been disclosed. The proposal, which follows identical filings by the New York state com
By Jody Godoy Sept 30 (Reuters) – The Federal Trade Commission is conducting an industry-wide probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a senior FTC official told Reuters on Wednesday. The probe is the first official US enfor
By Rachel More HANOVER, Germany, Sept 30 (Reuters) – Volkswagen terminated several wage deals with IG Metall on Wednesday, raising the possibility of strikes at the start of next year as Germany’s top industrial union vowed to escalate its dispute with the world’s second-largest automaker. Relations
Sept 30 (Reuters) – Prediction market startup Polymarket on Wednesday rolled out a slew of tools to help users manage compulsive behavior, including voluntary deposit limits, lock-outs and access to mental health resources. Polymarket and New York’s attorney general had sued each other last week, es
