Sept 29 (Reuters) – The US auto safety regulator said on Tuesday it had closed its preliminary evaluation of more than 1 million Stellantis Jeep vehicles following reports of underhood fires while the vehicles were parked and the ignition was off. In September 2024, the National Highway Traffic Safe
By Tim Hepher TOULOUSE, France, Sept 29 (Reuters) – Airbus launched the maiden flight of its delayed A350F freighter on Tuesday, expanding its portfolio in a bid to break rival Boeing’s grip on a vital part of global trade. The windowless version of Europe’s A350 long-haul jet eased into the sky at
Sept 29 (Reuters) – Potential leadership transition and listing of Tata Sons would not immediately affect the ratings of the companies in the salt-to-software conglomerate, S&P Global said on Tuesday, saying that changes to the financial policies are likely to be gradual. The comments by the ratings
Sept 29 (Reuters) – A US auto regulator said on Tuesday it had closed a defect petition covering 806,963 Honda Odyssey vehicles in the United States over allegations of inadvertent airbag deployments while the vehicles were in motion. The National Highway Traffic Safety Administration (NHTSA) said i
LONDON, Sept 29 (Reuters) – Blackstone said on Tuesday it was launching a new logistics investment platform for the Nordics, giving investors a more direct route to put money into a high-growth sector. The platform will include over 200, mainly last-mile warehouses to support the e-commerce industry
By Marie Mannes STOCKHOLM, Sept 29 (Reuters) – A prominent safety group on Tuesday urged European Union member states to reject approval of US automaker Tesla’s Full Self-Driving (FSD) system, citing concerns that it may allow users to exceed speed limits. The European Transport Safety Council (ETSC
By Dhara Ranasinghe, Sophie Kiderlin and Naomi Rovnick LONDON, Sept 29 (Reuters) – The world’s biggest sovereign bond markets are heading for their worst month in years as soaring energy costs fan inflation and the AI boom lifts economic growth, leaving investors positioning for an era where interes
TOKYO, Sept 29 (Reuters) – Toyota Motor said on Tuesday its global vehicle sales and production fell for a second straight month in August, as declines in China, the US and the Middle East persisted after dragging down results in the prior month. • The world’s biggest automaker saw global sales fall
By Johann M Cherian and Tom Westbrook Sept 29 (Reuters) – Oil prices rose and bond yields were pinned at multi-year highs on Tuesday, leaving equities in a tricky spot, as investors braced for an era where short-term borrowing costs settle at their highest levels in years. The seven-month-old confli
By Alun John and Jiaxing Li LONDON/HONG KONG, Sept 29 (Reuters) – The dollar rose on Tuesday, set to surpass several-month highs against major peers, as volatile oil prices and a rapid climb in Treasury yields lent support, while the Aussie struggled as traders saw a dovish message hidden inside a r
HONG KONG, Sept 29 (Reuters) – Shares of fast-fashion retailer Shein tumbled as much as 14% on Tuesday after it reported a 67% fall in quarterly profit in its first post-IPO results, fuelling investor concerns over margin pressure and slowing growth. Investors and analysts have been closely watching
OAKLAND, California, Sept 28 (Reuters) – Federal Reserve Governor Lisa Cook said on Monday she expects continued inflationary pressure in coming months stemming from AI-related demand and higher oil prices, though she stopped short of saying more interest rate hikes will be needed. “The labor market
By Sumit Saha and Trixie Yap Sept 29 (Reuters) – Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran outweighed signs of recovering crude exports from the region. Brent crude futures for Novemb
By Echo Wang and Aditya Soni Sept 28 (Reuters) – Anthropic plans to caution potential investors in its IPO that advanced AI could pose “catastrophic or existential risks to humanity,” an extraordinary warning by a company seeking to profit from the same technology. The company’s IPO prospectus, revi
By Echo Wang, Ross Kerber and Jeffrey Dastin Sept 28 (Reuters) – Anthropic has long positioned itself as the virtuous AI company. An early look at its IPO filing shows how it is creating a new “Founder LLC” vehicle aimed at serving the common good, while insulating its leaders from market forces. Th
Sept 28 (Reuters) – Anthropic’s IPO prospectus, seen by Reuters, reveals its board and key executives at the helm of the AI giant, as it moves to beat its arch rival OpenAI to go public. The US IPO market has rebounded in recent months, with the listing of billionaire entrepreneur Elon Musk’s SpaceX
(New York, NY) — Wall Street is closing lower to start the week. Stocks fell as Treasury yields traded above five-percent and A-I shares including AMD and Micron Technology edged lower. Investors are awaiting the release of key economic data this week with the closely watched September jobs report d
Sept 28 (Reuters) – OpenAI is scrapping the release of GPT-6.1 Astra, a next-generation AI model planned for an October debut, over safety concerns raised by researchers during internal testing, the Wall Street Journal reported on Monday. The model, expected to appear in ChatGPT and Codex, was desig
(Refiles story to remove errant text in headline, with no changes to the body of the story.) By Mike Stone WASHINGTON, Sept 28 (Reuters) – The Pentagon awarded RTX’s Raytheon business a provisional multiyear contract worth $20.7 billion to accelerate production of AMRAAM missiles, as the military pu
By Jamie McGeever ORLANDO, Florida, Sept 28 (Reuters) – The global bond slump accelerated on Monday, pushing yields to new, multi-decade highs, as oil prices rallied after US President Donald Trump rejected a peace proposal from Iran. Stock markets duly fell, although news that the two sides are set
Sept 28 (Reuters) – Jefferies Financial beat third-quarter profit estimates on Monday, as higher fees from advising on deals and underwriting stock sales were complemented by a record haul in equities trading business. Its asset management business, however, took a hit, with fees and investment retu
By David Shepardson and Allison Lampert Sept 28 (Reuters) – The US Federal Aviation Administration said on Monday it will hold off certifying Boeing’s long-delayed 737 MAX 10 until a newly-disclosed software issue is resolved, the latest setback to the planemaker’s efforts to bring the largest versi
PARIS, Sept 28 (Reuters) – Airbus is bracing for slower than expected deliveries in September after the recent discovery of a glitch affecting its best-selling A321neo jets, two industry sources said. A cumulative total of 20 A321neo jets has been pushed into the fourth quarter partly as a result of
By Scott DiSavino NEW YORK, Sept 28 (Reuters) – Oil prices rose on Monday, but eased off session highs on expectations that Qatari mediators would hold talks with the US and Iran to try to find a possible peace deal. In earlier trading, prices surged more than $4 a barrel after US President Donald T
LONDON, Sept 28 (Reuters) – Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-yielding metal. Spot gold fell as much as 4% to $4,111 an ounce on Monday, its lowest since August 5, a
(Refiles to spell out “billion” in headline) By David Shepardson WASHINGTON, Sept 28 (Reuters) – General Motors will see its technology costs decline by $20.4 billion through 2031 as a result of drastically lower vehicle fuel economy rules finalized Monday, the US Transportation Department said. In
By David Shepardson WASHINGTON, Sept 28 (Reuters) – The U.S. Transportation Department on Monday finalized sharply lower vehicle fuel economy standards, President Donald Trump’s latest effort to encourage sales of gasoline-powered vehicles and reverse former President Joe Biden’s push toward greater
By Matthias Inverardi and Patricia Weiss Sept 28 (Reuters) – German chemicals manufacturer Evonik has rejected a €10.3 billion ($11.7 billion) takeover bid by BASF as too low, sources close to the negotiations said on Monday. BASF, one of the world’s largest chemicals makers, had offered about €22.1
By Johann M Cherian and Jayasree Prabhu Sept 28 (Reuters) – Wall Street is busy scouring AI stocks for signs of a bubble, but a new hedge fund tied to famed short seller Michael Burry is coming to the market eyeing more consequential warnings of rising froth elsewhere – in private credit loan books.
By Rachel More BERLIN, Sept 28 (Reuters) – China’s Gotion will invest €1.1 billion ($1.25 billion) in Volkswagen’s battery plant in Valencia under a broader plan to jointly develop a European battery supply chain. Chinese companies are boosting their presence in Europe ahead of expected moves by Bru
