Sept 11 (Reuters) – Global alternative asset manager Apollo Global Management is in talks to acquire Johnson & Johnson’s orthopedics unit in a deal that could value it at close to $20 billion, Bloomberg News reported on Friday, citing sources. An agreement could be reached within several weeks, the
GANDER, Newfoundland (AP) — Standing in the town that sheltered thousands of stranded Americans after the Sept. 11 attacks, former Canadian Prime Minister Jean Chrétien marked the 25th anniversary Friday with a pointed message for the United States: “Never mistake our generosity for weakness.” The 9
VENICE, Italy (AP) — The Venice Film Festival was lighter on blockbuster Hollywood fare this year, but that might have been a good thing in the end: There were more important things to talk about. As the 83rd edition winds down, here are some of our biggest takeaways. Before Alex Gibney’s nearly fou
By Anirban Sen and Utkarsh Shetti Sept 11 (Reuters) – JPMorgan Chase cut off lending activity for Leopold Aschenbrenner’s hedge fund Situational Awareness after large losses tied to his AI bets led to a near-collapse, a source familiar with the matter told Reuters on Friday. The AI-focused hedge fun
Sept 11 (Reuters) – The U.S. Commerce Department on Friday finalized steep duties on imports of solar cells and panels from India, Indonesia and Laos, finding that producers in those countries dumped cheap products in the United States and benefited from unfair government subsidies. • The agency ass
By Eduardo Baptista and AJ Vicens Sept 11 (Reuters) – Anthropic said in a threat intelligence report on Thursday that several actors had used its Claude AI models for activities ranging from weapons development and cyber operations to surveillance and fraud. Here are some of the most notable cases d
FOREST CITY, Mo. (AP) — The price of diesel is hitting record highs just when many U.S. farmers need it to power combines, tractors and other equipment to harvest two of the nation’s largest commodities, soybeans and corn. The spike adds to an already tough year for these farmers, who also faced hig
Sept 11 (Reuters) – The U.S. federal budget deficit for August shrank to $167 billion due largely to some calendar shifts in benefit payments rather than any underlying trend, leaving the fiscal-year-to-date budget gap essentially flat at $1.97 trillion, the U.S. Treasury said on Friday. The budget
Sept 11 (Reuters) – Tesla plans to bring its Semi electric truck to Europe, broadening its reach beyond North America as it seeks foothold in a heavy-duty market where rivals already sell battery-powered models. The Elon Musk-led automaker will disclose European specifications and launch details at
NEW YORK (AP) — The largest cyclospora food poisoning outbreak in U.S. history is over, U.S. health officials said Friday. U.S. Food and Drug Administration officials said they are confident that all recalled iceberg lettuce related to this specific outbreak is off the market. Nearly 13,000 reported
By Sheila Dang AUSTIN, Texas, Sept 11 (Reuters) – Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the war began in late February, countries
By Marwa Rashad and Curtis Williams LONDON/HOUSTON, Sept 11 (Reuters) – QatarEnergy is negotiating with several producers to secure multi-year U.S. liquefied natural gas contracts through 2031 to replace capacity knocked out by Iranian attacks that will take years to repair, three trading and indust
Sept 11 (Reuters) – Asset manager BlackRock’s flagship private credit fund received fewer withdrawal requests in the third quarter than in the previous period, offering an early sign that redemption pressures across the industry may be easing. Wealthy individuals have retreated from non-traded priva
By Enes Tunagur LONDON, Sept 11 (Reuters) – The cost of shipping oil in the largest tankers hit record highs this week following the biggest wave of attacks on shipping since the U.S.-Iran war began in late February. The shipping rate for supertankers – also called very large crude carriers or VLCCs
WASHINGTON, Sept 11 (Reuters) – U.S. consumer sentiment deteriorated in early September as rising gasoline prices and trade tensions stoked fears of higher inflation over the next 12 months, a survey showed on Friday. The University of Michigan’s Surveys of Consumers said its Consumer Sentiment Inde
By May Angel and Marcelo Teixeira LONDON/NEW YORK, Sept 11 (Reuters) – Traders are planning to deliver significant volumes of arabica coffee from the world’s biggest producer Brazil to ICE exchange warehouses, where stocks have sunk to 26-year lows and driven up prices, dealers, brokers and analysts
By Ann Saphir Sept 11 (Reuters) – Back-to-back hotter-than-expected inflation readings may disappoint the majority of U.S. central bankers who had been counting on price pressures easing on their own, setting the table for an interest-rate hike at the Federal Reserve’s meeting next week and potentia
NEW YORK, Sept 11 (Reuters) – U.S. consumer prices accelerated in August as the cost of gasoline rebounded after two straight monthly declines, bolstering market expectations that the Federal Reserve will raise interest rates next week. The Consumer Price Index increased 0.4% last month after edging
By Christina Amann and Rachel More HANOVER, Germany, Sept 11 (Reuters) – Germany’s IG Metall is demanding Volkswagen commits to honouring a landmark labour deal struck in 2024, a leading union representative said, citing fears that a recent turnaround agreement could undermine it with mass job losse
By Lisandra Paraguassu and Luciana Magalhaes BRASILIA/SAO PAULO, Sept 11 (Reuters) – Brazil’s Chief Justice Edson Fachin ordered the unsealing on Thursday of thousands of pages from a probe into an alleged multibillion-dollar fraud centered on failed lender Banco Master that implicated central bank
By Kane Wu and Yantoultra Ngui HONG KONG, Sept 11 (Reuters) – CVC Capital Partners has entered final talks to buy the EQT-owned mainland China business of contact lens maker Ginko International, four people with knowledge of the matter said. • A deal could value the business at $700 million to $800
By Lewis Krauskopf NEW YORK, Sept 11 (Reuters) – Investors head into next week’s Federal Reserve unclear about the prospects that the central bank will hike interest rates, a move that could threaten a U.S. stock market rally already showing some vulnerability to rising bond yields. For years, infla
Sept 11 (Reuters) – U.S. grocer Kroger cut its annual identical sales forecast on Friday, underscoring cautious consumer spending even in categories like staples such as food and household items amid growing macroeconomic uncertainty. Shares of the company were down about 1.5% in premarket trading.
By Anna Szymanski Sept 11 (Reuters) – As summer fades, so have hopes for a quick resolution to the U.S.-Iran conflict, as tit-for-tat strikes, new threats in the Red Sea, and President Donald Trump’s comments about the war lasting through November have all helped push crude prices back above $100 a
Sept 11 (Reuters) – Global equity funds recorded significant outflows in the week through September 9, as a surge in oil prices amid the U.S.-Iran war heightened concerns about inflation and rising borrowing costs. LSEG Lipper data showed that global equity funds recorded net outflows of $15.52 bill
CHICAGO (AP) — Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon on average as Washington’s war with Iran disrupts the world’s flow of fuel. The national average of $6.05 is up from $5.85 last week and $3.70 this time last year, according to motor club AAA. Higher
By Emily Green, David Shepardson, Nora Eckert and Kalea Hall MEXICO CITY/WASHINGTON, Sept 11 (Reuters) – Mexico and the United States are racing to reach a bilateral trade deal before the U.S. midterm elections in less than eight weeks, according to six sources in both countries familiar with the ta
Sept 11 (Reuters) – U.S. stock index futures bounced back as oil prices cooled on Friday and investors pinned their hopes on the consumer inflation report to end a rough week on a positive note. Oracle jumped nearly 7% premarket after topping estimates for quarterly results late Thursday, which reas
CAIRO (AP) — Yemen ‘s Iranian-backed Houthi rebels captured a strategic island in the Bab el-Mandeb Strait at the entrance of the Red Sea, two officials said Friday in a swift advance that further threatens Saudi oil exports through one of the world’s key commercial lanes. Saudi Arabia responded wit
Sept 11 (Reuters) – Oracle shares rose 5.5% premarket on Friday after the cloud computing and software company’s stronger-than-expected quarterly results eased concerns around its massive debt-driven spending spree. The Austin, Texas-based firm booked more than $30 billion of additional AI cloud con
