Sept 10 (Reuters) – American Eagle Outfitters’ shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company’s core brands outweighed a second-quarter revenue beat. Demand across the apparel sector has been uneven as
NAIROBI, Kenya (AP) — Africa’s imports of electric motorcycles and three-wheelers from China rose sharply in the first half of 2026, an increase that highlights a divide in the continent’s transition to electric vehicles. Two and three-wheelers account for a large share of vehicles on African roads
HONG KONG (AP) — A Hong Kong court on Thursday convicted the publisher of The Wall Street Journal of deterring its reporter from taking up a trade union role, in a case that raised concerns about media freedom in the city. The court acquitted Dow Jones Publishing Co. (Asia) Inc. of the charge of dis
Sept 10 (Reuters) – The Boring Company, a tunnel construction startup founded by billionaire Elon Musk, has raised $3 billion in a new funding round that values it at $23 billion, according to a statement on Wednesday. Here are some details: • The funding round was led by the United Arab Emirates an
BANGKOK (AP) — Shares in Europe and Asia were mostly lower Thursday following a retreat on Wall Street as the price of crude oil again traded above $100 a barrel. The future for the S&P 500 rose 0.2% and that for the Dow Jones Industrial Average was up 0.4%. In Germany, the DAX fell 0.2% to 25,535.8
A look at the day ahead in European and global markets from Ankur Banerjee Investors are perhaps starting to realise that elevated bond yields and higher oil prices are the new normal as the Middle East war spreads ahead of central bank meetings where policymakers may struggle to quell markets’ infl
TORONTO (AP) — The spotlight at the 51st edition of the Toronto International Film Festival will belong to Rocky Balboa, KPop superstar Lisa, late disability rights pioneer Judy Heumann and many more when North America’s largest film festival gets underway Thursday. TIFF is so large and covers such
By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Sept 10 (Reuters) – China has bought around 1 million metric tons of U.S. soybeans this week, four traders told Reuters, as the world’s top oilseed buyer steps up purchases ahead of Chinese President Xi Jinping’s visit to Washington later this month.
SYDNEY, Sept 10 (Reuters) – Nvidia said on Thursday it was planning an expansion of data centre computing capacity in Australia that would more than double the nation’s current load through partnerships with local firms. The chip company said it was working with Australian cloud and data centre firm
The Ralph Lauren womenswear brand is a love letter to the designer’s wife of more than 60 years. Ricky Lauren, his lifelong muse, is present in each of the designer’s collections. At the designer’s New York Fashion Week show, Ricky Lauren sat front row along with other members of the Lauren family a
By Jiaxing Li HONG KONG, Sept 10 (Reuters) – Currency markets treaded water on Thursday as investors weighed a fresh surge in oil prices and global bond yields, while the dollar found little support ahead of inflation readings that could shape the U.S. Federal Reserve’s policy outlook. Brent crude f
By Ankur Banerjee SINGAPORE, Sept 10 (Reuters) – Asian stocks slid on Thursday as the biggest wave of attacks on shipping in the widening war in the Middle East kept oil prices above $100 a barrel, leaving investors nervous ahead of U.S. inflation data that will influence monetary policy. Benchmark
By Sethuraman N R NEW DELHI, Sept 10 – Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders bracing for deeper supply disruptions as Iran and the United States launched their largest attacks on shipping since their six-month-old conflict began. Brent crude futures
By Nora Eckert Sept 9 (Reuters) – Long-simmering tensions between Ford and the Trump administration over the automaker’s connections with Chinese companies boiled over this week in a contradictory flurry of Republican criticism and praise for the company. The dispute highlighted competing views of h
By Casey Hall SHANGHAI, Sept 10 (Reuters) – U.S. companies in China have grown more optimistic about their business prospects after confidence hit a record low last year amid political tensions, intense domestic competition and slowing economic growth, a survey showed on Thursday. The annual survey
Sept 9 (Reuters) – OpenAI said on Wednesday it is pushing for mandatory national AI safety requirements, as increasingly powerful models fan concerns about the risk posed by autonomous AI agents. Several incidents in which AI models from developers including OpenAI, Anthropic and Meta accessed or tr
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva signed a decree and a provisional measure Wednesday aimed at lowering fuel prices, weeks ahead of the presidential election and as the U.S.-Iran war drives up the cost of filling the tank. The cost of fuel is a particularly sensitiv
NEW YORK (AP) — The trade war between the U.S. and Canada escalated again this week as the U.S. announced import bans on most alcoholic beverages from Canada, along with other products including whey, molasses and motorcycles. The U.S. had already imposed 50% tariffs on about $20 billion in Canadian
NEW YORK (AP) — A racketeering conspiracy trial of Huawei Technologies began in New York on Wednesday with federal prosecutors accusing the Chinese tech company of a litany of crimes, including stealing technology from American companies, abusing the U.S. financial system and helping Iran snoop on i
By Anuja Bharat Mistry Sept 9 (Reuters) – American Eagle Outfitters on Wednesday reiterated its annual comparable sales forecast, as the apparel maker sees persistent pressure on seasonal categories in its namesake brand amid choppy discretionary spending. Shares of the company, which said it expect
By Karen Freifeld NEW YORK, Sept 9 (Reuters) – A U.S. prosecutor described China’s Huawei as a criminal enterprise that stole from American companies to build its telecommunications empire, as the trial against the tech giant kicked off in Brooklyn federal court on Wednesday. “Theft, lies, cover-up,
By Jamie McGeever ORLANDO, Florida, Sept 9 (Reuters) – Stocks around the world fell on Wednesday as entrenched conflict in the Middle East pushed oil prices above $100 a barrel, while bond yields rose to fresh multi-year highs as investors reacted negatively to the U.S. Treasury’s plan to triple bon
By Shivansh Tiwary Sept 9 (Reuters) – Navan raised its full-year forecasts for revenue and operating income on Wednesday, as strong demand for business travel and addition of new customers drive growth. However, shares of the corporate travel and expense platform fell 13% after the bell. Business tr
By Karen Brettell and Sinéad Carew Sept 9 (Reuters) – Benchmark 10-year Treasury yields reached their highest levels since 2023 on Wednesday after the announcement of an enlarged Treasury buyback of longer-dated bonds disappointed some investors who had wanted more. Yields retreated from their highs
By Suzanne McGee PROVIDENCE, Rhode Island, Sept 9 (Reuters) – If a trading day seems awfully long, one exchange-traded fund provider believes it has just the product for you. Defiance ETFs is seeking to offer investors 16 funds that aim to double a stock’s return in a single hour — the latest produc
An Anthropic researcher said he is resigning from the company over concerns the artificial intelligence firm and its competitors are not acting responsibly in AI development, echoing concerns raised inside and outside of the industry about the technology’s potential to elude human control. Jacob Cox
By Pooja Menon Sept 9 (Reuters) – Enbridge said on Wednesday it will acquire Blackstone-owned Tallgrass Energy’s crude oil business for $2.55 billion in cash, expanding its U.S. liquids pipeline network by buying a majority stake in the Pony Express Pipeline and other assets. The Canadian pipeline o
CUPERTINO, California (AP) — Apple on Wednesday unveiled its latest generation of iPhones, including a widely anticipated foldable version called Duo. The company’s new CEO, John Ternus, who took over from Tim Cook on Sept. 1, introduced the latest lineup at the Steve Jobs Theater. After cycling thr
WASHINGTON, Sept 9 (Reuters) – Prediction markets tracking this year’s U.S. congressional elections are “extremely vulnerable” to manipulation as their forecasts can shift on even comparatively small-dollar wagers, according to research published on Wednesday. The findings from the non-profit resear
By Shariq Khan NEW YORK, Sept 9 (Reuters) – The U.S. Energy Information Administration raised its oil price forecasts for this year and next year on Wednesday, as global stockpiles fall rapidly under pressure from the loss of Middle Eastern supply in the ongoing Iran war. Sharply higher oil and fuel
