By Amy Lv and Casey Hall ZHENGZHOU, China Oct 27 (Reuters) – Around 70% of the 2 million carats of lab-grown diamonds produced annually at Feng Canjun’s factory currently go into jewellery. But the entrepreneur is betting that the future of China’s synthetic diamond industry lies in supplying advanc
Oct 26 (Reuters) – Universal Music Group held preliminary discussions with private equity firms earlier this year about going private, Bloomberg News reported on Monday, citing people familiar with the matter. • The music label’s management held preliminary talks with private equity firms including
Oct 26 (Reuters) – Applied Materials said on Monday it plans to raise its stake in Dutch company BE Semiconductor Industries (BESI) to about 20% from 9%, deepening a partnership focused on advanced chip-packaging technologies used in AI applications. Here are more details: • Applied Materials, BESI’
By Jamie McGeever ORLANDO, Florida, Oct 26 (Reuters) – Stocks mostly rose on Monday, lifted by renewed optimism around AI as Anthropic filed for a US IPO and as investors awaited more ‘Big Tech’ earnings later this week. Weaker oil prices also support risk appetite. The big exception, however, was B
LONDON, Oct 26 (Reuters) – Trend-following hedge funds witnessed their worst weekly performance in two years last week, as concern about the eventual pay-off from hefty AI spending ignited volatility across stocks and bonds, a Goldman Sachs note seen by Reuters on Monday showed. The Nasdaq 100, home
By Doyinsola Oladipo and Nandan Mandayam Oct 26 (Reuters) – JetBlue Airways sought to reassure investors about its financial health on Monday despite posting a bigger-than-expected quarterly loss, as a sharp selloff in its bonds and mounting restructuring concerns cast a shadow over the airline’s tu
Oct 26 (Reuters) – Ben & Jerry’s founders Ben Cohen and Jerry Greenfield are exploring a deal to separate their brand from its current owner, the Wall Street Journal reported on Monday. The ice cream brand is owned by Unilever spin-off Magnum Ice Cream. The co-founders have been discussing a deal wi
By Echo Wang and Milana Vinn Oct 26 (Reuters) – DoorDash is in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion, a source familiar with the matter told Reuters on Monday. A deal may be finalized as soon as Wednesday, although there are
Oct 26 (Reuters) – Skydance is offering some employees a one-time voluntary buyout, according to a memo seen by Reuters on Monday, as the media company looks to cut costs after scooping up bigger rival Warner Bros Discovery and assuming its massive debt. The company, whose shares have fallen by abou
By Vallari Srivastava and Katha Kalia Oct 26 (Reuters) – ConocoPhillips has informed its staff of a reduction to its workforce in Canada, a spokesperson for the oil and gas producer said on Monday. The reduction includes employees and contractors and is set to take place on Tuesday, the spokesperson
By Dan Catchpole SEATTLE, Oct 26 (Reuters) – Despite a flurry of wins for Boeing in recent months, Wall Street analysts expect the planemaker to post a loss per share of 21 cents when it reports its third-quarter results on Tuesday, according to LSEG data. During the third quarter, the company won t
By Jody Godoy Oct 26 (Reuters) – Dollar General repeatedly charged more than advertised prices even after receiving tens of thousands of consumer complaints, the US Federal Trade Commission and 20 states alleged in a lawsuit filed on Monday. Dollar General, which appeals to low-income consumers with
Oct 26 (Reuters) – AI-linked stocks rose on Monday after Anthropic revealed the paperwork for its initial public offering, against the backdrop of growing investor unease over debt-fueled spending on infrastructure for the new technology. Shares of Nvidia, the world’s most valuable company, added ne
By Stephen Nellis SAN FRANCISCO, Oct 26 (Reuters) – Unconventional AI, the US hardware startup that launched less than a year ago with a $4.5 billion valuation, said on Monday that it is buying Israeli chip startup NeuReality for an undisclosed sum in a cash-and-stock deal. Unconventional AI raised
Oct 26 (Reuters) – Anthropic made its US IPO filing public on Monday, edging toward what could be the first stock market debut by a frontier AI lab and laying out the promise, costs and risks of building AI meant to transform the global economy. The IPO comes at a time when market volatility has thi
(Undated) — Coming up in the business week ahead, the Federal Reserve is set to make an interest rate announcement on Wednesday. The nation’s central bank is expected to hold rates steady at its final meeting ahead of the midterm elections. The Federal Open Market Committee is still struggling to me
(Los Angeles, CA) — Apple is preparing for another product launch on Wednesday in Los Angeles. This comes off the release of the company’s first ever foldable iPhone. The “Pro and Tell” event is expected to feature new touchscreen MacBooks, a new iPad mini, and Macs with M6 chips. Brought to you by
By Stephen Nellis SAN FRANCISCO, Oct 26 (Reuters) – Cadence Design Systems on Monday launched a portfolio of AI models tuned to help design computer chips, deepening its open-source model work with Nvidia and diverging from rival Synopsys’ recent deal with OpenAI. Both companies make software used t
By Harshita Mary Varghese Oct 26 (Reuters) – T-Mobile on Monday unveiled wireless plans that let customers pick and swap perks from Netflix to DoorDash, moving away from its traditional strategy of locking benefits into fixed plan tiers. The move mirrors customizable offerings from rivals such as Ve
Oct 26 (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s election victory over Flavio Bolsonaro looked set to trigger a sharp selloff in its financial markets on Monday. Brazil’s stock market hit a record high after the first round of the election earlier this month pointed to a Bolsonaro
By Federico Maccioni DUBAI, Oct 26 (Reuters) – Apollo Global Management will acquire a minority stake in Mubadala Capital and commit capital across its investment strategies, the alternative asset management subsidiary of Abu Dhabi wealth fund Mubadala said on Monday. The US investment group is expe
Oct 26 (Reuters) – While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports. The meltdown, tanking the mainland STAR50 index of AI and semiconductor leaders by 40% in less than four months and vaporisi
Oct 26 (Reuters) – FedEx on Monday appointed Jamere Jackson as chief financial officer, effective November 30. Jackson will step down as CFO of AutoZone on November 25. “During Jamere’s six-year tenure at AutoZone, he was a key contributor in helping shape the strategies we implemented to drive reco
Oct 26 (Reuters) – EQT Corp said on Monday it would acquire Range Resources in an all-stock deal valued at more than $50 billion, including debt, creating what the companies called the “largest vertically integrated natural gas producer” in the United States. Range Resources shareholders will receiv
By Mike Dolan Oct 26 (Reuters) – A potentially pivotal week for US and world markets kicked off with an election surprise in Brazil, as President Luiz Inacio Lula da Silva confounded forecasts to win his fourth term in office – a bad miss by prediction markets. Investors had been betting right-wing
By Ann Saphir Oct 26 (Reuters) – Federal Reserve policymakers have telegraphed they will not raise US short-term borrowing costs again this week, but with inflation concerns still front and center, investors believe a rate-hike pause will not last for long. Data due just one day after the Fed’s anti
WASHINGTON, Oct 26 (Reuters) – Wall Street banks are poised to score significant regulatory relief thanks to US President Donald Trump’s Republican regulators, but ensuring the changes survive long-term may ultimately require Democratic support. The Federal Reserve is trying to finalize the biggest
Oct 26 (Reuters) – US stock index futures ticked higher on Monday as crude oil prices retreated from last week’s surge, lifting sentiment at the start of a week dominated by corporate earnings and the Federal Reserve’s interest-rate decision. About one-third of S&P 500 companies are scheduled to rep
By Lisa Baertlein LOS ANGELES, Oct 26 (Reuters) – The most expensive parcel shipping year on record is on track to end with the highest-ever holiday season delivery prices as soaring diesel prices drive even higher fuel surcharge rates from UPS and FedEx, boosting costs for retailers. Holiday-relate
By Makiko Yamazaki and Kentaro Sugiyama TOKYO, Oct 26 (Reuters) – Japan’s top automobile industry union group is looking to move beyond wage demands aimed merely at keeping pace with inflation in next year’s labour talks, as stronger pay growth is needed to help ensure that it has the skilled worker
