Reuters
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Trump says he canceled Putin summit due to stalled negotiations
WASHINGTON, Oct 22 (Reuters) - U.S. President Donald Trump said on Wednesday he canceled a planned summit with Russian President Vladimir Putin, citing a lack of progress in diplomatic efforts and a sense that the timing was off. “We canceled the meeting with President Puti...
Thu, Oct 23
Trump says he expects to reach deal with China on trade, soybeans, possibly nuclear arms
WASHINGTON, Oct 22 (Reuters) - U.S. President Donald Trump said on Wednesday he expected to reach agreements with Chinese President Xi Jinping when they meet in South Korea next week that could range from resumed soybean purchases by Beijing to limits on nuclear weapons.
Thu, Oct 23
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US hits top Russian oil companies with sanctions, EU bans Russian LNG
WASHINGTON/BRUSSELS, Oct 22 (Reuters) - U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war.
Thu, Oct 23
Tesla profit falls short despite record sales, hit by higher costs and fading credits
Oct 22 (Reuters) - Tesla TSLA.O reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.
Thu, Oct 23
Oil extends gains after settlement on new sanctions on Russian oil companies
US imposes sanctions targeting Russia's largest oil companiesTrump to meet Chinese President Xi in South KoreaUS crude stocks, gasoline and distillate inventories fell last week, EIA saysBy Nicole Jao NEW YORK, Oct 22 (Reuters) - Oil prices extended gains after settlement on Wednesday after t...
Wed, Oct 22
CME beats profit estimates, eyes retail push
Cryptocurrency trading hits record with ADV surging to 340,000 contractsCEO Duffy highlights potential access to 13 million FanDuel accountsCME prepares for 24/7 crypto trading by 2026By Prakhar SrivastavaOct 22 (Reuters) - Derivatives exchange CME Group CME.O beat Wall Street estimates for third-qu...
Wed, Oct 22
Meta to cut around 600 roles in Superintelligence Labs AI unit
Oct 22 (Reuters) - Meta META.O is cutting around 600 positions out of the several thousand roles in its Superintelligence Labs, the Facebook owner said on Wednesday as it looks to make its artificial intelligence unit more flexible and responsive.The job cuts will affect Facebook Artificial Intellig...
Wed, Oct 22
GE Vernova beats profit estimates, warns weakness in wind business to persist
Tariff uncertainty likely to weigh on 2026 onshore revenueExpects 2025 wind unit revenue to decline in high-single digitsShares fall 9%By Katha Kalia Oct 22 (Reuters) - GE Vernova GEV.N warned on Wednesday that extended weakness in its onshore wind due to permit delays and tariff uncertainty is ...
Wed, Oct 22
Netflix's blockbuster run loses spark amid valuation jitters
Investors cautious about high valuation, subscriber growth detailsNetflix ventures into ads and games, faces competition, strategy shiftsAnalysts suggest buying Netflix dip amid rivals' price hikesBy Kritika Lamba and Kanchana Chakravarty Oct 22 - Netflix NFLX.O shares fell more than 10% on W...
Wed, Oct 22
Sweden and Ukraine eye export deal for up to 150 Gripen fighter jets
Zelenskiy meets Kristersson in SwedenLeaders visit Saab, maker of Gripen fighter jetCooperation deal could yield order for up to 150 GripensBy Simon Johnson LINKOPING, Sweden, Oct 22 (Reuters) - Sweden has signed a letter of intent that could see it supply up to 150 of its domestically produced G...
Wed, Oct 22
Ford recalls 1.4 million US vehicles over faulty rear-view cameras
Recall is latest in series of issues over rear camerasFord reached settlement with NHTSA in 2024 over delayed recallAutomaker also extending warranties on cameras to millions of other vehiclesBy David Shepardson WASHINGTON, Oct 22 (Reuters) - Ford F.N said on Wednesday it is recalling nearly 1.45...
Wed, Oct 22
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Britain increases oversight of Apple and Google in mobile
LONDON, Oct 22 (Reuters) - Britain on Wednesday moved to loosen the grip of Apple AAPL.O and Google GOOGL.O in smartphones by designating them as having "strategic market status", giving it the powers to demand the tech giants make specific changes to boost competition.The Competition and Ma...
Wed, Oct 22
Wall St futures muted as Netflix results put investors on guard
Futures: Dow up 0.03%, S&P 500 up 0.1%, Nasdaq up 0.01%Netflix drops after earnings missTexas Instruments slips after fourth quarter resultsBy Pranav Kashyap and Twesha Dikshit Oct 22 (Reuters) - U.S. stock index futures were subdued on Wednesday, as investors treaded carefully through the th...
Wed, Oct 22
[Reuters Analysis] Global investors like the new-look Japan government, for now
SINGAPORE/LONDON/NEW YORK, Oct 21 (Reuters) - Global money managers are circling back to Japan's stock and debt markets, drawn by the promises of its new reflationist government and a desire to diversify from pricier U.S. and European markets.
Wed, Oct 22
Netflix slumps as revenue forecast disappoints lofty investor expectations
Oct 22 - Netflix NFLX.O shares fell 7% in premarket trading on Wednesday after the streaming giant's fourth-quarter revenue outlook failed to impress investors despite a strong line-up of shows, including the final season of "Stranger Things".
Wed, Oct 22
Japan's Nikkei recoups early losses on report of new government stimulus
By Kevin Buckland TOKYO, Oct 22 (Reuters) - Japan's Nikkei share average nudged higher in afternoon trading on Wednesday, recovering from earlier losses, as investors reacted positively to a report that the new prime minister is preparing a sizeable inflation-fighting stimulus package.As of 0...
Wed, Oct 22
Chicago soybeans recover on US-China trade optimism
Chicago soybean futures bounced back on Wednesday, as markets remained hopeful for progress in trade talks with top soy buyer China, a deal that could help U.S. farmers avert major losses.
Wed, Oct 22
Shares mixed, gold retreats as investors take profits
Global shares were mixed on Wednesday and gold pulled back sharply from a blistering rally, as stretched valuations came under scrutiny and investors booked profits.
Wed, Oct 22
Trump administration plans new probe into global drug pricing, FT reports
Oct 22 (Reuters) - President Donald Trump's administration is preparing a new probe into drug pricing practices among U.S. trading partners, a move that would lay the ground for fresh tariffs, the Financial Times reported on Wednesday, citing sources familiar with the matter.
Wed, Oct 22
[Reuters Analysis] Iran risks severe economic downturn, unrest as renewed UN sanctions bite
Iran's economy is at risk of simultaneous hyperinflation and severe recession, officials and analysts say, as clerical rulers scramble to preserve stability with limited room to manoeuvre after a snapback of U.N. sanctions.
Wed, Oct 22
