Costco said Thursday it’s partnering with DoorDash to offer delivery from its U.S. warehouse stores. DoorDash already offers Costco delivery in a few markets, including Australia, Sweden and Puerto Rico. But the nationwide partnership is a first for the San Francisco-based delivery company, which sa
By Andrea Shalal WASHINGTON, Sept 17 (Reuters) – The World Bank on Thursday said it attracted $112 billion in private capital in the year ended June versus $69 billion a year earlier, and more than triple the amount in fiscal 2022 before former Mastercard CEO Ajay Banga became president. The bank sa
Sept 17 (Reuters) – Tesla will operate public Megacharging sites at three new Forum Mobility electric-truck depots in California, the trucking-solutions company said on Thursday, as it adds 30 megawatts of charging capacity for heavy vehicles. The new depots, which span northern and southern Califor
By Shashwat Chauhan and Anuja Bharat Mistry Sept 17 (Reuters) – Nike’s grip on its spot in the Dow Jones Industrial Average is looking increasingly tenuous as the struggling sportswear giant braces for an exit from another Wall Street benchmark. S&P Dow Jones Indices said this month it will remove N
By Anna Szymanski Sept 17 (Reuters) – Stocks edged up early on Thursday as investors digested the Federal Reserve’s first interest rate hike in three years. The central bank lifted the benchmark rate by a quarter point to 3.75%-4.00% and signalled more tightening to come. While short-dated Treasury
By Elizabeth Mendez and Nichola Groom SAN JOSE, California, Sept 17 (Reuters) – In Silicon Valley’s biggest city, residents and environmental groups are organizing against a wave of proposed data center projects that officials have courted in a bid to position the city as a hub for AI infrastructure
By Yantoultra Ngui HONG KONG, Sept 17 (Reuters) – Bank of America has hired Goldman Sachs banker Srijith Nair as head of Asia excluding China financial institutions group investment banking and Asia-Pacific insurance investment banking, according to an internal memo seen by Reuters on Thursday. • Na
Sept 17 (Reuters) – U.S. stock index futures surged on Thursday after the Federal Reserve raised interest rates, reaffirming its focus on taming inflation and removing a long-standing source of market anxiety. With the rate hike behind them, investors returned to their favorite themes. Tech shares g
BEIJING (AP) — Chinese technology giant Huawei launched new chip technologies in a challenge to global leaders such as Nvidia that highlights the narrowing gap between China and the U.S. in artificial intelligence. Huawei’s announcement Thursday at its annual key conference in Shanghai came just day
NEW DELHI, Sept 17 (Reuters) – US alternative asset manager Brookfield will invest up to $600 million in India’s ACME Cleantech Ventures to help the company develop and build green ammonia and green methanol projects, the companies said on Thursday. Here are details: • The investment marks Brookfiel
By Roshan Thomas Sept 17 (Reuters) – Bearish sentiment towards most emerging Asian currencies deepened, a Reuters poll showed on Thursday, as investors contended with the twin headwinds of escalating tensions in the Middle East and rising U.S. Treasury yields. Attacks on Saudi Arabia’s East-West pip
HONG KONG (AP) — World shares mostly advanced on Thursday despite Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years. The quarter of a percentage point increase brings the Fed’s key rate to a target range of 3.75%-4.00%, as it attem
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG, Sept 17 (Reuters) – Sun Guangqing’s prefabricated homes factory in China opened in 2022 just as the property sector entered a prolonged crisis and only months before Beijing lifted pandemic curbs, developments that crippled its two main sources
LOS ANGELES (AP) — Concert promoters wield great power. Venue owners can too but they rarely choose to. And artists capable of filling stadiums like Ed Sheeran usually have approval over everything that happens under their name. That’s the consensus view of music business players who talked to The A
LONDON (AP) — The Bank of England is expected to keep interest rates unchanged Thursday even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices. Economists expect a majority of the nine-member Monetary Policy Com
STRASBOURG, France (AP) — Canadian Prime Minister Mark Carney will address the European Parliament on Thursday after U.S. President Donald Trump suggested that allowing Canada to become an associate EU member could be a “hostile act.” Trump’s comments raised the stakes for Carney’s speech, which wil
By Tassilo Hummel and David Gauthier-Villars Sept 17 – In a June court filing, luxury-goods giant LVMH forcefully denied it had ever tried to acquire shares in rival Hermès from that company’s founding-family heir Nicolas Puech, who alleges he was fleeced of his 6% stake – now worth billions – throu
TOKYO, Sept 17 (Reuters) – Japan will continue to strive towards maintaining orderly yen moves through close communication with the United States, its top government spokesperson said on Thursday in the wake of the yen’s renewed slide. The US Federal Reserve’s interest rate hike on Wednesday trigger
ROME, Sept 17 (Reuters) – Beretta Holding is set to launch a bid to raise its stake in U.S. group Sturm, Ruger & Co to 25% from around 10% “in the coming hours”, Italian newspaper Il Sole 24 Ore reported on Thursday, citing sources close to the dossier. The Luxembourg-based holding owns Italy’s Bere
By Marie Mannes STOCKHOLM, Sept 17 (Reuters) – Volvo Cars plans to launch 13 new models between now and 2030 as it seeks to broaden its range and double its market share, the Sweden-based automaker said ahead of an investor day in Stockholm on Thursday. Under CEO Hakan Samuelsson, Volvo has streamli
HONG KONG (AP) — As concern rises over the risks of artificial intelligence, hopes for any kind of global approach depend on cooperation between the U.S. and China — superpowers that seem only to be more skeptical of each other’s AI strategy. AI governance is expected to be on the agenda in a meetin
Los Angeles has been viewed from above by news helicopters for nearly seven decades. When there was a wildfire, a mudslide or O.J. Simpson fleeing the police across its ribbons of highway, an “eye in the sky” tracked it and advised millions how to keep out of harm’s way. On Tuesday, one of those fly
OpenAI has disclosed six reports of “unexpected or concerning” behavior in artificial-intelligence models as the debate on AI safety becomes increasingly heated. The AI company also said Wednesday it was introducing a new framework for tracking, probing and disclosing instances of what it called “mi
By Joan Faus, Christina Amann and Nick Carey BARCELONA/BERLIN/LONDON, Sept 17 (Reuters) – Volkswagen’s historic revamp looks set to spell the end of its struggling Spanish marque Seat, potentially making it the first major auto-brand casualty of the rise of Chinese carmakers as experts predict sweep
By Lewis Krauskopf, Suzanne McGee and Gertrude Chavez-Dreyfuss NEW YORK, Sept 17 (Reuters) – Investors are gaining more confidence in the Federal Reserve’s inflation-fighting backbone, but uncertainty about how far it will raise interest rates to keep prices in check is likely to cause volatility fo
A look at the day ahead in European and global markets from Stella Qiu Turns out the guy Trump hired to cut interest rates just raised them instead. Kevin Warsh delivered the Fed’s first hike in more than three years, and did it in lock step with his colleagues – a united front presumably designed t
By Stella Qiu SYDNEY, Sept 17 (Reuters) – Shares edged up in Asia on Thursday as investors bet the Federal Reserve is finally getting the jump on inflation, delivering its first rate hike in more than three years and calming a global bond selloff that had sent long-term yields soaring. The U.S. doll
By David Shepardson WASHINGTON, Sept 16 (Reuters) – Federal Communications Commission Chair Brendan Carr said Wednesday that a series of upcoming wireless spectrum auctions over the next couple of years could generate more than $100 billion in proceeds. In July, the U.S. telecom regulator voted to h
SYDNEY, Sept 17 (Reuters) – Goldman Sachs now expects the Federal Reserve to raise interest rates by another quarter point in October, making it one of the first major Wall Street banks to forecast consecutive rate hikes following the U.S. central bank’s hawkish signal on Wednesday. The call represe
LONDON (AP) — Todd Boehly and fellow co-owner Mark Walter have sold their stakes in Chelsea, handing full control to Clearlake Capital, the English Premier League club said on Wednesday. “Chelsea Football Club today announced affiliates of Clearlake Capital Group will acquire the ownership interest
