Sept 30 (Reuters) – Caterpillar said on Wednesday it plans to invest about $1 billion in North Carolina to expand manufacturing capacity for its compact equipment business amid rising customer demand. • The investment includes plans for a new manufacturing facility in Sanford, North Carolina, to inc
By Neil J Kanatt Sept 30 (Reuters) – Mattel’s longtime CEO Ynon Kreiz, who led the toymaker’s transformation into a broader entertainment company, is stepping down and will be succeeded by board member Roger Lynch, head of Vogue and New Yorker owner Condé Nast. The change comes ahead of the crucial
By Marc Jones LONDON, Sept 30 (Reuters) – Stock market investors might have been expected to run for the hills in the face of an extraordinary surge in global borrowing costs, currency interventions, wars, oil back above $100 a barrel and warnings that AI might wipe out humanity. Yet the most widely
BEIJING, Sept 30 (Reuters) – China’s commerce ministry has decided to extend two probes into US trade practices it launched in March by three months until December 27, according to ministry statements. • The ministry said the decisions were made given the complexity of the cases, two separate statem
Sept 30 (Reuters) – US stock index futures moved higher on Wednesday as a cooler-than-anticipated inflation reading lifted hopes that the Federal Reserve might not raise interest rates as soon as next month. A Commerce Department report showed the Personal Consumption Expenditures Price index rose 0
Sept 30 (Reuters) – Conagra Brands beat Wall Street estimates for first-quarter profit and sales on Wednesday, helped by a better pricing and product mix. “While there is more work to be done, we remain on track to deliver the year,” said CEO John Brase. Conagra had halved its annual dividend in Jul
(Refiles to add Named Items Code, no change to text) By Pablo Sinha Sept 30 (Reuters) – Analysts have raised their 2026 oil price forecasts with benchmark Brent crude expected to average nearly $90 a barrel as disruption to Gulf exports offsets concerns over demand growth. A September survey of 30 e
Sept 30 (Reuters) – Hormel Foods on Wednesday said it would buy family-owned chicken processor Brakebush Brothers for $1.06 billion, as the Skippy peanut butter maker looks to expand its protein portfolio. Consumers are increasingly gravitating toward protein-rich meals as health and wellness trends
By Mike Dolan Sept 30 (Reuters) – On the last day of a brutal third quarter for bonds, a few questions have emerged about the now overwhelmingly hawkish interest rate outlook. Even though Treasury yields continued to climb on Tuesday, with the long bond yield hitting its highest point since 2002, US
By Douglas Gillison and Suzanne McGee WASHINGTON, Sept 30 (Reuters) – The US securities regulator is set to propose rules on Wednesday aimed at expanding retail investors’ access to private assets that have traditionally been reserved for professionals, potentially offering higher returns but also e
ADDIS ABABA, Sept 30 (Reuters) – Ethiopian Airlines will later on Wednesday sign a deal with Boeing for 10 freighter aircraft, a banner at the venue of a signing ceremony showed. Earlier this month two industry sources told Reuters Ethiopia’s state-owned airline was nearing a deal to buy up to 10 lo
By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 30 (Reuters) – US stock index futures fell in choppy trading on Wednesday, as heavyweight technology stocks eased ahead of a key inflation report and GDP data that could help shape market expectations for the Federal Reserve’s rate path. Despite seeing
By Wen-Yee Lee and Fanny Potkin TAIPEI, Sept 30 (Reuters) – Taiwan’s TSMC, the world’s largest contract chipmaker, is evaluating a potential investment in Texas to expand chip production in the US, two sources familiar with the matter said. The potential investment would be in addition to the $265 b
(Washington, DC) — Millions of children will automatically be enrolled in Trump Accounts under new rules out Tuesday. It means parents will no longer have to sign up for the program. The accounts, signed into law last year, let parents invest for their children. Once they turn 18, the accounts will
SINGAPORE, Sept 30 (Reuters) – President Donald Trump could unveil plans as soon as Wednesday to tap South Korea’s pledged strategic investment package for about $54 billion to build a liquefied natural gas project in Alaska, as he rolls out a series of economic initiatives ahead of November’s midte
>>Tech Leaders Welcomed To The WH (Washington, DC) — President Trump says he and AI tech leaders are renaming Artificial Intelligence “Super Intelligence.” That was one of the notes Trump shared with reporters after meeting Tuesday with top tech company CEOs at the White House for an AI summit. A bi
(Adds missing word, paragraph 6) By Olesya Astakhova and Ahmad Ghaddar LONDON, Sept 30 – OPEC+ oil-producing countries are likely to keep their oil production targets steady for November when they meet on Sunday, two sources with knowledge of the matter told Reuters. Both sources spoke on condition
By Christina Amann and Rachel More MUNICH, Sept 30 (Reuters) – German premium carmaker BMW will set out plans for more local production as it seeks to rebuild margins after a series of profit warnings tied to weak performance in China, Bernstein analysts said on Wednesday. BMW is due to unveil its s
Sept 30 (Reuters) – US food delivery firm DoorDash will create 3,000 jobs in India over the next two years through a global technology hub it opened in the southern city of Hyderabad on Wednesday, the Telangana state government said. The centre will initially house teams handling customer support an
(Washington, DC) — President Trump says he and AI tech leaders are renaming Artificial Intelligence “Super Intelligence.” That was one of the notes Trump shared with reporters after meeting Tuesday with top tech company CEOs at the White House for an AI summit. The summit was called as fears grow am
(Washington, DC) — President Trump is hailing Tuesday’s White House summit on artificial intelligence. Trump and House Speaker Mike Johnson hosted Elon musk, and the heads of Anthropic, OpenAI, Nvidia and others as fears grow over the rapid advancement of AI. Trump touted a document signed by the te
(Washington, DC) — The number of job openings fell slightly in August. The Labor Department says seven-point-one million jobs were available which is fewer than expected. The number and rate of hires was little changed at five-point-two million for the month. According to the JOLTS report, the numbe
(Washington, DC) — Consumer confidence is down sharply this month. The Conference Board’s lead index fell more than six-and-a-half points from August. The board’s chief economist Dana Peterson said the index “deteriorated notably” in September following two months of softening. The survey noted Sept
A look at the day ahead in European and global markets from Ankur Banerjee Bond markets are staring at a brutal quarter as inflation risks due to the seven-month-long war in the Middle East heighten fears over a worsening of fiscal health across the globe, driving borrowing costs to levels not seen
By Daphne Zhang and Liz Lee BEIJING, Sept 30 (Reuters) – China will start collecting an additional 55% tariff on Brazil’s beef shipments on October 1 after the South American country reached its annual quota of 1.1 million metric tons, the commerce ministry said on Wednesday. • China unveiled the ad
By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Sept 30 (Reuters) – China’s soybean buying is likely to decline in the months ahead due to weak animal feed demand and negative crush margins, leaving little room for US cargoes as they were excluded from proposed tariff relief after last week’s Wash
By Kevin Yao and Ellen Zhang BEIJING, Sept 30 (Reuters) – China’s factory activity expanded in September, official and private surveys showed on Wednesday, as easing weather disruptions allowed factories to resume operations and a global AI boom supported the industrial sector. But the recovery rema
By Rae Wee SINGAPORE, Sept 30 (Reuters) – Global bonds wobbled on Wednesday and were set for their worst month in years, hit by a toxic mix of deteriorating government finances, a glut of issuances and rising inflation as the seven-month-old US-Israeli war on Iran keeps energy costs elevated. Stocks
BEIJING, Sept 30 (Reuters) – China’s services activity expanded at its fastest pace in three months in September, as stronger new orders, including from overseas, lifted output, a private-sector survey showed on Wednesday. The RatingDog China General Services PMI rose to 51.6 in September from 51.4
By Phoebe Seers LONDON, Sept 30 (Reuters) – International cooperation among banking supervisors is becoming more difficult just as financial risks grow more interconnected, the chair of the global banking rulemaker said on Wednesday. Basel Committee on Banking Supervision Chair Erik Thedéen warned t
