By Howard Schneider WASHINGTON, Sept 21 (Reuters) – U.S. inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and now being driven by strong demand as well, Chicago Fed president Austan Goolsbee said on Sunday, leaving “no ambiguity” about the need for higher int
By Shariq Khan and Siddharth Cavale NEW YORK, Sept 21 (Reuters) – A global diesel shortage fueled by wars in Iran and Ukraine is unlikely to ease before next year, according to storage market indicators and industry participants, extending a spike in fuel costs that is weighing on economies worldwid
By Daniel Wiessner Sept 21 (Reuters) – A California agency’s lawsuit accusing Tesla of allowing rampant race discrimination at its flagship assembly plant is set to go to trial on Monday, one of a series of similar lawsuits being faced by the electric vehicle maker. Lawyers for Tesla and the Califor
By Alexandra Alper WASHINGTON, Sept 21 (Reuters) – US President Donald Trump has taken a less combative approach than usual ahead of his meeting with Chinese President Xi Jinping this week — a sign of Beijing’s growing power thanks to critical minerals, China experts said. The Trump administration h
Sep 21 (Reuters) – Wall Street futures advanced on Monday, led by AI stocks, as a 2% slide in oil prices pulled Treasury yields lower on signs the warring parties in the Middle East were open to a resolution. A week ago, doomsday calls from bosses at top AI companies sparked a rout in the sector, bu
Sept 21 (Reuters) – British sportswear retailer JD Sports on Monday announced its expansion into Mexico through a long-term franchise partnership with fashion retailer Grupo Axo, betting on strong demand from Mexico’s growing young population. Here are some more details: • JD cut its profit outlook
BERLIN, Sept 21 (Reuters) – Porsche CEO Michael Leiters told staff there were no plans to cut an additional 4,000 jobs at the Volkswagen sports car subsidiary, according to an internal memo seen by Reuters on Monday. The CEO was responding to a Handelsblatt report that said Volkswagen’s supervisory
By Christoph Steitz and Rachel More FRANKFURT/BERLIN, Sept 21 (Reuters) – German auto workers staged nationwide protests on Monday, less than three days after a shock profit warning by Europe’s biggest carmaker Volkswagen highlighted the sector’s unprecedented challenges from high costs and fierce A
BERLIN (AP) — German Chancellor Friedrich Merz faced a struggle to stabilize his position and keep his agenda on track Monday after voters inflicted two more defeats on his party, ejecting it from a state legislature for the first time in its eight-decade history. The unpopular Merz vowed to stay on
HONG KONG (AP) — Global shares advanced Monday ahead of the expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington, which could cover trade, artificial intelligence and geopolitics. U.S. futures were higher after Treasury Secretary Scott Bessent to
By Praveen Paramasivam CHENNAI, Sept 21 (Reuters) – US coffee chain Starbucks has signed a pact to set up a global capability centre (GCC) in the southern Indian city of Chennai and hire roughly 800 technology professionals, the Tamil Nadu state government said on Monday. The government did not disc
HONG KONG (AP) — U.S. President Donald Trump and Chinese leader Xi Jinping, leaders of rival nations in a race to dominate artificial intelligence, are expected to meet this week against a backdrop of rising concerns about the threats that rogue AI could pose to humanity. The hopes for finding commo
KYIV, Ukraine (AP) — Seconds before the Russian drone struck, Viktor Kruglov was thinking about textbooks — tens of thousands of them, and how to get them to Ukrainian schools faster. Minutes later, a second explosive-laden Shahed drone hit, laying waste to the main hub of his publishing house, Rano
Sept 21 (Reuters) – US spirits maker Sazerac on Monday launched a takeover offer for all shares of beverage firm Berentzen for €5.55 ($6.37) apiece, which is supported by Berentzen’s supervisory and executive boards. The German schnapps maker confirmed talks over a potential takeover by privately he
TORONTO (AP) — For nearly four decades, Canada built its economy around closer integration with the United States. President Donald Trump has turned that dependence into leverage, imposing tariffs, threatening Canada’s sovereignty and openly seeking to pull Canadian industrial production south. Cana
Sept 21 (Reuters) – The Bank of England and the US Federal Reserve are asking global banks about their exposures to large trading firms after turmoil at hedge fund Situational Awareness caused large losses at Jane Street, the Financial Times reported on Monday. The AI-focused fund, run by former Ope
Sept 21 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been an upbeat start to the week in Asia thanks in part to a drop in oil prices amid, sometimes conflicting, reports of increased supply out of the Middle East. Brent had started higher after the Houthis
NEW YORK (AP) — Treasury Secretary Scott Bessent said Sunday the U.S. has proposed a new “notification mechanism” for artificial intelligence incidents that could affect national security, part of weekend discussions ahead of talks at the White House this week between President Donald Trump and Chin
Sept 20 (Reuters) – Paramount and California’s attorney general have discussed a range of concessions as part of advanced settlement negotiations, including a $1.5 billion investment in production in the state, the Wall Street Journal reported on Sunday, citing people familiar with the talks. Reuter
By Ankur Banerjee SINGAPORE, Sept 21 (Reuters) – Currency markets focused on the yen on Monday following a sharp drop last week that spurred speculation of a rate check from Tokyo, while investors pondered interest-rate outlooks after a wave of hikes from major central banks last week. The yen was a
By Wayne Cole SYDNEY, Sept 21 (Reuters) – Share markets edged higher in Asia on Monday as AI’s insatiable demand for data buoyed chipmakers, and oil eased as hopes Saudi Arabia could boost supplies offset news of a Houthi attack on Riyadh. Trade was thin with Japan on its Silver Week holiday through
By Seher Dareen and Trixie Yap LONDON, Sept 21 (Reuters) – Europe faces a fourth-quarter jet fuel deficit, even as it turns to far-flung suppliers including South Korea, which is set to boost its jet exports to Europe to a four-year high in September, according to analysts and shipping data. The con
By Florence Tan SINGAPORE, Sept 21 (Reuters) – Oil prices slid on Monday as investors eyed a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemeni Houthis that have escalated tension in the Middle East while the US and Iran remain in a stalemate. Brent crude futures dropped 81 ce
WASHINGTON (AP) — President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say. The economy is growing steadily despite be
EDINBURG, Texas (AP) — Quinten Martinez, pumping gas under a hot South Texas sun, remembers a time when fueling up didn’t require difficult decisions. “Is it going to be groceries this week?” asked the 28-year-old Amazon delivery driver as he watched the numbers tick higher. “Is it gonna be getting
By Lewis Krauskopf NEW YORK, Sept 18 (Reuters) – US stock investors will focus next week on the trajectory of interest rates, tensions in the Middle East and fresh calls to slow AI advancement as they weigh whether equity indexes can make new all-time highs. Markets will continue to digest Wednesday
China and the United States are divided on many issues, from tariffs and technology to Taiwan. But there is one thing tying them together: fast food. American restaurant and beverage chains are expanding rapidly in China, drawn by the potential customer pool in a country with four times the U.S. pop
WASHINGTON (AP) — When President Donald Trump first ran for office, he called out China as a menace to the U.S. economy, saying it had gutted America’s factories and eroded the middle class. That tough talk helped Trump get to the White House a decade ago, but since then, he increasingly speaks in g
By David Lawder and Antoni Slodkowski NEW YORK, Sept 20 (Reuters) – US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng arrived in New York on Sunday for a meeting aimed at teeing up potential agreements on AI, tariffs and critical minerals for a high-stakes summit this week betwe
SHANGHAI, Sept 20 (Reuters) – China kept its benchmark lending rates unchanged for the 16th straight month on Sunday, in line with market expectations. WHY IT’S IMPORTANT The steady loan prime rates underscored the limited scope for fresh monetary easing after some major global central banks recentl
