Sept 14 (Reuters) – Dominion Energy and NextEra Energy on Monday said they would establish a Virginia supplier program worth up to $1 billion annually for five years if their proposed merger is approved. They announced merger plans in May, as rising power demand from data centers, electric vehicles
Sept 14 (Reuters) – The Nasdaq Composite and the S&P 500 indexes opened lower on Monday, weighed down by a selloff in key AI stocks after top U.S. executives cited safety risks and called for a slowdown in artificial-intelligence development. The S&P 500 fell 45.5 points, or 0.59%, at the open to 7,
By Georgina McCartney, Marianna Parraga and Arathy Somasekhar HUMBLE, Texas, Sept 14 (Reuters) – In the sweltering heat in Humble, Texas, just outside Houston, two workers were flattening out a yard with heavy compaction rollers, making room for pre-owned and auctioned U.S. oilfield equipment destin
Sept 14 (Reuters) – Japanese chipmaker Kioxia Holdings is considering raising at least $10 billion by listing American depositary receipts, or ADRs, Bloomberg News reported on Monday, citing people familiar with the matter. Kioxia has been speaking with lenders, including Bank of America, Goldman Sa
Sept 14 (Reuters) – Dell chief Michael Dell’s DFO Management and Sequence Holdings said on Monday they would take the Baldwin Group private in a deal valued at $7.7 billion, providing the insurance broker greater flexibility to pursue AI investments. The deal highlights a growing trend of companies
By Elizabeth Howcroft PARIS, Sept 14 (Reuters) – New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, in a sign of growing interest from mainstream financial institutions in tracking digital asset markets. Other investors in the round include BNP Pa
Sept 14 (Reuters) – CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.13 billion in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking up to $700 million by offering 35 million share
ROVANIEMI, Finland (AP) — European leaders were meeting Monday to discuss growing competition in the Arctic, where global warming is opening new shipping routes, governments are vying for vast natural resources and a Russian military buildup is heightening security concerns. German Chancellor Friedr
Sept 14 (Reuters) – Drug developer Electra Therapeutics is targeting a valuation of up to $977.6 million in its U.S. initial public offering, according to a filing on Monday, extending a comeback in biotech listings this year. The South San Francisco, California-based company is seeking to raise as
By Foo Yun Chee BRUSSELS, Sept 14 (Reuters) – Kimberly-Clark is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal after a preliminary review, people familiar with the matter said. Kimberly-Clark shar
SHANGHAI, Sept 14 (Reuters) – China’s central bank plans to introduce new metrics into its Macro Prudential Assessment framework, aiming to curb banks’ excessive holdings in long-dated bonds and funds that could heighten investment risks, sources familiar with the matter said on Monday. The plan als
By Niket Nishant and Tharuniyaa Lakshmi Sept 14 (Reuters) – Wall Street’s main indexes were on track to open lower on Monday, weighed down by a selloff in big AI stocks after top U.S. executives cited safety risks and called for a slowdown in artificial-intelligence development. Shares of Nvidia fel
By Gertrude Chavez-Dreyfuss NEW YORK, Sept 14 (Reuters) – A global bond market in turmoil is likely to face a Federal Reserve rate hike this week that would boost borrowing costs and slow the economy. But many investors warn the bigger problems could lie ahead should the Fed instead stand pat. Holdi
By Ann Saphir and Michael S. Derby Sept 14 (Reuters) – Federal Reserve Chairman Kevin Warsh dislikes giving any guidance about the likely path of U.S. interest rates, but elevated inflation, $100-a-barrel oil, and his own emphasis on the need to deliver price stability and to pay attention to signal
By Indradip Ghosh BENGALURU, Sept 14 (Reuters) – The Federal Reserve will raise its interest rate on Wednesday and deliver at least one more hike by the end of March, according to a majority of economists polled by Reuters, reversing a fragile no-change consensus that prevailed before official data
By Emily Chow and Florence Tan BANGKOK, Sept 14 (Reuters) – Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the Middle East, President of Global Gas Freeman Shaheen said.
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG, Sept 14 (Reuters) – A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country’s factory ecosystem is not so easy and are bringing manufacturing back. Last year
HONG KONG (AP) — Global shares were mostly lower Monday as AI-related stocks, including Open AI investor SoftBank, declined following calls from Anthropic’s CEO to slow AI development for safety. U.S. futures edged lower, while oil prices gained more than 2% as worries grew over global oil supplies
Sept 14 (Reuters) – Latvia’s airBaltic voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York, it said on Monday, as part of a restructuring to reduce debt as the Iran war piles stress on the airline sector. AirBaltic said in a statement it had secured a commitment
HANOI, Sept 14 (Reuters) – U.S. electric vehicle maker Tesla has established a subsidiary in Vietnam, according to a newly published business registration filing, marking its formal entry into one of Southeast Asia’s fastest-growing EV markets. The new entity, Tesla Motors Vietnam Limited Liability
Texture is having a crunchy, gooey moment in the food and beverage industry. For many people, the way a menu item or packaged snack feels in the mouth has become as big a draw as flavor, although consumers don’t always recognize the part texture plays in their cravings for crispier takeout, frothier
LOS ANGELES (AP) — New warnings from within the artificial intelligence industry have revived a long-running debate over whether advanced AI could escape human control and ultimately threaten humanity’s survival, and whether the companies developing the technology are doing enough to prevent such a
TOKYO, Sept 14 (Reuters) – Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday. The remark, made at a Bank o
SINGAPORE, Sept 14 (Reuters) – Commodity vessel transits through the Strait of Hormuz fell to a single digit per day at the weekend, preliminary shiptracking data showed on Monday, well below a 10-day average of 14. Over the weekend, four vessels exited the Gulf through the strait, including a Handy
By Yantoultra Ngui HONG KONG, Sept 14 (Reuters) – Ares Management Corp, a global alternative investment manager, has appointed James Garforth as principal in its Asia direct lending business, according to an internal memo seen by Reuters on Monday. Here are some details: • Garforth joins from BGH Ca
BEIJING, Sept 14 (Reuters) – An essay by Anthropic’s CEO calling for a slowing down of AI development may look like a rational statement focused on safety risks, but it is really a “Cold War playbook” targeting China, the state-backed Global Times said in an editorial. In the essay published on Satu
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill’s main Republican authors. The sweeping bill initially had just a provision i
NEW YORK (AP) — The venerable newsmagazine “60 Minutes” opened its 59th season on CBS-TV on Sunday night with no direct mention of the turmoil and departures that have unfolded behind the scenes in recent months. Hosts waited until the show’s end to acknowledge that anything different was going on.
Sept 13 (Reuters) – Goldman Sachs expects the U.S. Federal Reserve to raise interest rates by 25 basis points at its September meeting, joining a growing number of Wall Street firms that see further policy tightening as inflation concerns persist. In a note on Friday, the brokerage reversed its prev
MAASAI MARA, Kenya (AP) — Joshua Kijape eases his motorcycle through the tall grass, listening for movement in the bush. There is no engine rumble, no exhaust and little warning for anything ahead. That is exactly how the Mara-Siana ranger, attached to Entumoto Safari Camp in Kenya’s Maasai Mara gam
