SAN FRANCISCO, Sept 2 (Reuters) – Tesla is set to hold an event for its purpose-built robotaxi Cybercab in Austin, Texas, on Thursday, amid much fanfare, as well as questions about regulatory hurdles and safety of the technology. Here are some details: • The Cybercab is a two-seater with butterfly d
By Lewis Krauskopf NEW YORK, Sept 2 (Reuters) – U.S. stock investors are warily watching the rise in Treasury yields as a stumbling block for Wall Street’s record-setting rally, with particular trouble seen if the benchmark 10-year yield jumps abruptly toward 5%. Higher bond yields pose a number of
Sept 2 (Reuters) – Dell Technologies’ shares climbed nearly 10% in premarket trading on Wednesday, as strong demand for its AI-optimized servers powered an increase in its annual revenue and profit forecasts. AI infrastructure companies have benefited from rising demand as tech firms and hyperscaler
FRANKFURT, Sept 2 (Reuters) – U.S. tech giants are flooding the euro zone bond market to fund huge AI investments, potentially crowding out other borrowers, pushing up financing costs even for governments and raising credit risks, according to a European Central Bank blog post. Tech firms such as Go
Sept 2 (Reuters) – Wall Street futures dipped on Wednesday as bond yields and oil prices marched higher following U.S.-Iran clashes in the Middle East, offering little incentive to buy equities during what has typically been a weak month for returns. The latest strikes have pushed geopolitical tensi
HONG KONG, Sept 2 (Reuters) – Shares of online fast-fashion retailer Shein fell more than 5% on Wednesday, a day after a lacklustre debut session following a long-awaited initial public offering. The stock tumbled as much as 10% on Tuesday but recovered to close to its HK$48.56 issuance price. On We
DUBAI, United Arab Emirates (AP) — Iran fired on U.S. allies in the Gulf early Wednesday following a night of American bombardment that Iranian officials say included a deadly strike on a wedding party. The latest violence has ended a monthlong lull in fighting between the U.S. and Iran and raised n
By Rocky Swift and Harry Robertson TOKYO/LONDON, Sept 2 (Reuters) – With benchmark Japanese bond yields breaking through a three-decade-old barrier, higher returns are starting to tease capital home, reversing what was once a dependable flow of funds into global bond markets. The 3% threshold is sig
By Melanie Burton MELBOURNE, Sept 2 (Reuters) – Australia’s Lynas Rare Earths, the world’s largest producer of rare earths outside China, was in takeover talks earlier this year but the discussions did not proceed, a spokesperson said on Wednesday. The talks prompted Lynas to suspend its search for
MOOSBURG, Germany (AP) — The heart of the German economy is making and exporting the big-ticket, complex goods that make global business run: everything from cars and locomotives to factory machinery, aircraft and construction equipment. That model for growth is under serious pressure from a new com
HONG KONG (AP) — Asian shares tumbled Wednesday after stocks slipped on Wall Street and as a bond market sell-off deepened globally. U.S. futures edged higher. Tokyo’s Nikkei 225 dropped 2.9% to 64,325.64. Market heavyweight SoftBank Group, the Japanese multinational investment holding firm which in
(Corrects name of analyst to Brandon, not Brendon, in paragraph 7) HONG KONG, Sept 2 (Reuters) – Shares of Shein slipped more than 3% on Wednesday, a day after a lacklustre debut session following a long-awaited initial public offering. The online fast-fashion retailer’s stock tanked by as much as 1
VENICE, Italy (AP) — George Clooney and Danny Boyle are helping kick off the Venice Film Festival in style Wednesday on the Lido. Clooney, a festival mainstay, is receiving a lifetime achievement award, while Boyle is premiering “Ink,” his film about Rupert Murdoch’s acquisition of the British tablo
In a strategic retreat in the fight against climate change, the United Nations has acknowledged that Earth has lost its chance to prevent some of the worst of global warming’s harms. So now the world must figure out how to get temperatures below the danger zone and back to safety, officials say. Ear
By Suzanne McGee PROVIDENCE, Rhode Island, Sept 2 (Reuters) – Higher long-end Treasury yields are unlikely to retreat anytime soon, and a host of intertwined supply and demand factors will likely hamstring U.S. policymakers seeking to cap borrowing costs. That is because the renewed surge in rates r
A look at the day ahead in European and global markets from Gregor Stuart Hunter Bond yields are hitting new milestones as fighting resumes between the U.S. and Iran and oil prices surge, sending Brent crude above $95 and the yield on the U.S. 10-year Treasury bond to a three-year high. That’s after
By Maki Shiraki TOKYO, Sept 2 (Reuters) – Japan’s Honda aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with the matter. The plan, reported here for the first t
BENGALURU, India (AP) — When India’s power demand surged at the height of summer, the country struggled to meet evening needs as air conditioners ran longer amid hotter nights. Despite this demand, some renewable energy providers were told to limit their output because the country had more clean ele
By Ankur Banerjee SINGAPORE, Sept 2 (Reuters) – Global bonds sold off sharply on Wednesday, extending a rout that is raising borrowing costs to multi-decade highs as the Middle East conflict pushes up energy prices, playing into investor fears about inflation and ballooning government debt. Sovereig
By Melanie Burton MELBOURNE, Sept 2 (Reuters) – BHP’s Chief Commercial Officer Rag Udd will step down at the end of January to pursue an opportunity outside the company, according to a staff memo seen by Reuters on Tuesday, leaving open one of the miner’s most difficult roles — negotiating iron ore
CAIRO (AP) — On the surface, Chinese President Xi Jinping’s visit to Egypt this week is a run-of-the-mill opportunity for two countries to strengthen economic and diplomatic ties. But there is deep subtext to the meeting between Xi and Egyptian President Abdel Fattah el-Sissi: China, the United Stat
By Satoshi Sugiyama TOKYO, Sept 2 (Reuters) – The dollar held near a two-week high on Wednesday as renewed hostilities in the Middle East drove oil prices higher, reviving inflation concerns and adding upward pressure on bond yields. The dollar index, which measures the greenback against a basket of
By Siddharth Cavale and Trixie Yap Sept 2 (Reuters) – Oil prices rose in early trade on Wednesday, extending the previous session’s surge, as concerns over supply disruption intensified after the U.S. and Iran exchanged strikes overnight, dimming hopes for a quick easing of tensions in the Middle Ea
By Gregor Stuart Hunter SINGAPORE, Sept 2 (Reuters) – Stocks slumped in Asian trading on Wednesday as a bond market-induced selloff on global markets spilled over into the region, after renewed attacks by the U.S. on Iran pushed oil prices higher. MSCI’s broadest index of Asia-Pacific shares outside
HAVANA (AP) — Cuba’s tourism has nosedived since the U.S. has ramped up its pressure on the island this year, threatening international tour operators and imposing an energy embargo. Tourism on the island declined by 62% from January to July of this year compared to the same period in 2025, accordin
By Karl Plume and Tom Polansek BOONE, Iowa, Sept 1 (Reuters) – U.S. meatpacker Tyson Foods has disputed a claim by U.S. Department of Agriculture Secretary Brooke Rollins that it would sell its recently shuttered beef plants only to American-owned companies or producers, including cooperatives. Roll
BRASILIA, Sept 1 (Reuters) – Brazil’s Congress on Tuesday approved a bill exempting data-center-related equipment from federal taxes, part of the government’s plan to lure such projects to the country. • The Senate approved the bill on Tuesday, following a previous greenlight from the lower house; t
Sept 1 (Reuters) – Yum Brands said in an regulatory filing on Tuesday that Aaron Powell, the chief executive of Pizza Hut, has resigned from the role and other positions with the company following completion of the chain’s sale. Here are some details: • The company, which also owns Taco Bell and KFC
CARACAS (AP) — Venezuela’s main airport partially resumed commercial operations on Tuesday, nearly 10 weeks after two devastating earthquakes struck the South American country. A temporary area with metal structures was erected in the parking lot of the Simón Bolívar International Airport, located i
Deadly flooding at the Grand Canyon is damaging the area’s economy, with a washed-out pipeline severing the South Rim’s water supply and shutting down lodging at the popular tourist vista for an indefinite period. The national park remained open Tuesday but tourists who planned to stay overnight — m
