Sept 28 (Reuters) – Fast-fashion platform Shein returned to profit in the second quarter and made $11.08 billion in sales, but warned about an uncertain second half as it unveiled its first results as a public company on Monday. An increase in total orders fulfilled supported a more than 20% sequent
By Krystal Hu Sept 28 (Reuters) – Seligman Investments has doubled the deployable capital of its venture arm to $1 billion less than a year after launching it, betting that the physical bottlenecks of the artificial intelligence buildout will produce the next wave of large technology companies, its
By Joey Roulette STARBASE, Texas, Sept 28 (Reuters) – – SpaceX’s next-generation Starship rocket lifted off from Texas on Monday for its debut flight to orbit and first operational release of satellites, marking its 14th launch ahead of a routine service that Elon Musk’s company expects to begin lat
WASHINGTON, Sept 28 (Reuters) – The Trump administration has finalized new lower fuel economy standards, according to a government notice published on Monday said, officially reversing a push by the Biden administration to force automakers to build more fuel-efficient vehicles. (Reporting by David S
By Svea Herbst-Bayliss Sept 28 (Reuters) – Activist investor Jana Partners is urging Fiserv to more than double its planned cost cuts and use software firm Palantir’s products to speed up its own technology transformation program, according to a letter sent to the payments company that was viewed by
Sept 28 (Reuters) – US online sales will likely grow 6.7% this holiday season, nearly the same pace as last year, as promotions attract deal-seeking shoppers, Adobe Analytics forecast on Monday. Higher household costs are turning shoppers more selective and value-seeking. Retailers, including Walmar
By Mike Dolan Sept 28 (Reuters) – Nervy bond markets face another test this week as they navigate the ends of both the month and the third quarter on Wednesday, with the September US employment report following on Friday. There’s been no relief from energy markets ahead of that, with world crude pri
By Johann M Cherian and Tharuniyaa Lakshmi Sept 28 (Reuters) – Wall Street’s main indexes fell on Monday after President Donald Trump rejected an Iranian proposal to end the conflict, leading to a spike in crude prices that revived inflation worries and drove Treasury yields higher. Limiting decline
By Douglas Gillison WASHINGTON, Sept 28 (Reuters) – Prediction markets are fast becoming alternative venues for traders to wager on US companies like Tesla and Apple, raising concerns about investor protection and market oversight, according to independent data and regulatory experts. The booming in
BEIJING/TOKYO/WASHINGTON, Sept 28 (Reuters) – President Donald Trump hoped his pomp-filled summit with Xi Jinping in Washington last week would showcase the strength of his personal relationship with the Chinese leader. Instead, the limited outcomes showed just how far apart Washington and Beijing r
By Stephen Nellis SAN FRANCISCO, Sept 28 (Reuters) – Nvidia on Monday made available a set of software safety tools for AI agents that it says would have stopped the hack of Hugging Face, the AI coding hub that Nvidia paid $13 billion for months after it was swarmed by rogue agents from OpenAI. The
By Makiko Yamazaki, Takaya Yamaguchi and Leika Kihara TOKYO, Sept 28 (Reuters) – Japan’s top currency diplomat Atsushi Mimura said on Monday markets should take at face value the “very clear” message Tokyo and Washington delivered last week on the yen, signalling his resolve to act against excessive
By Tim Hepher and Giulia Segreti PARIS, Sept 28 (Reuters) – Airbus and Italy’s Leonardo are investigating a glitch at a privately held coatings firm that triggered a quality alert affecting 500 of the planemaker’s best-selling A321neo jets, people familiar with the matter said. The flaw, which Airbu
By Nick Carey, Gilles Guillaume and Kalea Hall LONDON/PARIS/DETROIT, Sept 28 (Reuters) – Western automakers are chasing a defence spending boom as a way to sell more vehicles and make use of underemployed factories, though executives say military work will not make up for slowing car sales and growi
By Ella Cao, Naveen Thukral and Lewis Jackson BEIJING/SINGAPORE, Sept 28 (Reuters) – China is set to cut tariffs on a broad range of US agricultural goods, from corn and wheat to meat and dairy, but top import item soybeans were excluded from a tariff-reduction list jointly issued by China’s commerc
YOKOHAMA, Japan, Sept 28 (Reuters) – Nissan will launch the Rogue e-Power hybrid in the US in November as it aims for hybrid vehicles to “very quickly” account for 30% to 40% of total C-segment mid-sized car sales in that market, Nissan Americas Chairman Christian Meunier said on Monday. • The Japan
By Melanie Burton and Roshan Thomas MELBOURNE, Sept 28 (Reuters) – Australia’s top gold producer Northern Star Resources said it rejected an unsolicited A$38.7 billion ($27.1 billion) takeover proposal from South Africa’s Gold Fields, the latest sign of consolidation pressure in the gold sector. A s
(Los Angeles, CA) — The diaper brand Pampers and maternal health advocacy nonprofit 4Kira4Moms hosted a community baby shower in Los Angeles this weekend. The event “Pampered with Love” was a community baby shower for 30 local parents held on Saturday and connected expecting families with experts, w
(Sacramento, CA) — California now bans state and local officials from creating or promoting meme coins, which are digital cryptocurrency tokens tied to internet jokes or personalities. The law stops elected officials, government leaders, and public employees from creating or endorsing meme coins lin
By Wayne Cole SYDNEY, Sept 28 (Reuters) – Share markets were mostly lower on Monday as oil prices popped higher again amid doubts the United States and Iran will reach a truce anytime soon, keeping bonds under pressure ahead of a week packed with economic news. Over the weekend, US President Donald
TOKYO, Sept 28 (Reuters) – A key gauge of Japan’s service-sector inflation rose in August at the fastest annual pace in more than two years, data showed on Monday, highlighting mounting price pressures that will keep the central bank on track for further interest rate hikes. The services producer pr
By Florence Tan SINGAPORE, Sept 28 (Reuters) – Crude oil exports from key Middle East producers rebounded in September to 12.8 million barrels per day, the highest since the US-Israeli war with Iran started in February, data from Kpler showed on Monday, as Saudi Arabia and the United Arab Emirates b
By Nelson Bocanegra BOGOTA, Sept 27 (Reuters) – PepsiCo will invest $1 billion in Colombia over the next five years, the South American nation’s President Abelardo De La Espriella said on Sunday. • The investments will be aimed at expanding production, modernizing operations and strengthening distri
By Florence Tan SINGAPORE, Sept 28 (Reuters) – Oil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated. Brent crude futures rose $1.32, or 1.27%
STOCKHOLM, Sept 28 (Reuters) – A surge in diesel prices linked to this year’s Iran conflict has helped make electric trucks cheaper to own and operate than diesel models in six major European Union markets, which account for almost half of the bloc’s new truck sales, according to an analysis by Brus
ZURICH, Sept 27 (Reuters) – Several major foreign banks have expressed their interest in a possible merger or combination with Switzerland’s UBS, a Swiss newspaper said on Sunday. At least eight banks have signalled interest to UBS, Blick reported, citing an insider with knowledge of the matter. UBS
WASHINGTON, Sept 27 (Reuters) – AI requires safeguards that go beyond self-regulation, Microsoft co-founder Bill Gates said in an interview that aired on Sunday, calling for legislation to be passed in Congress. “You need law enforcement and the politicians to get into the discussion about what safe
Sept 27 (Reuters) – The Chinese government has signaled it could allow some domestic companies like ByteDance and Alibaba to buy Nvidia’s chip built for high-end professional computers, The Information reported on Sunday, citing two people familiar with the matter. China’s Ministry of Industry and I
By Emilio Parodi MILAN, Sept 27 (Reuters) – US builder Caddell Construction has formally committed to pay €30.941 million ($35.24 million) in a probe into alleged worker exploitation at the site of the new US consulate in Milan, a document seen by Reuters showed. The Alabama-based construction giant
SYDNEY, Sept 27 (Reuters) – The CEOs of OpenAI and Anthropic have been called to appear at an Australian Senate inquiry on AI, the head of the probe said on Sunday, days after the revelation that a rogue OpenAI bot had hacked the country’s health-system database. The Medicare breach, condemned by Pr
