Reuters
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Shares dip, gold retreats as FOMO buying gets reality check
SINGAPORE, Oct 22 (Reuters) - Global shares slipped on Wednesday and gold pulled back sharply from a blistering rally, as stretched valuations came under scrutiny and investors booked profits.
Wed, Oct 22
Samsung's Galaxy XR headset to take on Apple with help from Google and Qualcomm
Oct 21 (Reuters) - Samsung Electronics 005930.KS released its Galaxy XR extended reality headset on Tuesday, counting on AI features from Google to propel it into the nascent and uncertain market of computing-on-your-face that is dominated by Meta and Apple.
Wed, Oct 22
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Hong Kong, China stocks rebound on signs of easing Sino-US trade tensions
SHANGHAI, Oct 20 (Reuters) - Hong Kong and China stocks rebounded sharply on Monday after a heavy selloff last week, as signs of easing Sino-U.S. trade tensions strengthened bets U.S. President Donald Trump will once again back down from his tariff threats.Investors are also fixated on a Chinese Com
Wed, Oct 22
Japan's Nikkei retreats from record high as traders lock in profits
TOKYO, Oct 22 (Reuters) - Japan's Nikkei share average pulled back from an all-time peak on Wednesday, as investors took profits following two days of strong gains on expectations of fiscal stimulus under the country's new prime minister.
Wed, Oct 22
Japan's exports snap four-month slump as weak yen offsets US tariff hit
September exports +4.2% yr/yr vs forecast +4.6%Imports +3.3% yr/yr vs forecast +0.6%U.S.-bound shipments down 13.3%, China up 5.8%By Makiko Yamazaki TOKYO, Oct 22 (Reuters) - Japan's exports rose for the first time in five months in September due to a boost from a weak yen, although U.S. ship...
Wed, Oct 22
Wall Street ends mixed as earnings lift the Dow
NEW YORK, Oct 21 (Reuters) - U.S. stocks closed mixed with the Dow out front on Tuesday, as a string of solid earnings lured investors to industrials and capital goods.
Wed, Oct 22
Warner Bros Discovery rejects Paramount offer, source says, company ponders sale options
Oct 21 (Reuters) - Warner Bros Discovery's WBD.O board rejected a nearly $60 billion offer from Paramount Skydance PSKY.O on Tuesday, a source said, and the company announced it would explore its options for the sale of the company.
Wed, Oct 22
Wells Fargo CEO says credit is strong, sees no cracks in banking system
NEW YORK, Oct 21 (Reuters) - Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells Fargo WFC.N CEO Charlie Scharf said on Tuesday.
Wed, Oct 22
Anthropic, Google in talks on cloud deal worth tens of billions, Bloomberg News reports
Oct 21 (Reuters) - AI startup Anthropic is in talks with Google to secure additional computing power valued in the high tens of billions of dollars, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Wed, Oct 22
Netflix shares drop as Brazilian tax dispute hits earnings
LOS ANGELES, Oct 21 (Reuters) - Netflix NFLX.O missed Wall Street's third-quarter earnings targets because of an unexpected expense from a Brazilian tax dispute while it offered a forecast a touch ahead of Wall Street projections for the rest of the year.
Wed, Oct 22
Barbie-maker Mattel misses quarterly estimates on North America weakness, shares slump
Oct 21 (Reuters) - Mattel MAT.O missed Wall Street estimates for third-quarter revenue and profit on Tuesday, as retailers worried about an uncertain economic outlook delayed orders for "Barbie" and other toys, sending its shares down about 7% in extended trading.
Wed, Oct 22
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Trump says Justice Department owes him money, vows to donate any payout to charity
WASHINGTON, Oct 21 (Reuters) - President Donald Trump on Tuesday responded to a report that he is seeking $230 million from the Justice Department for legal costs tied to federal investigations against him, saying he is not involved in the request but would donate any money awarded to charity.
Wed, Oct 22
General Motors lifts forecast as tariff outlook improves, shares surge 15%
GM raises annual profit forecast amid tariff reliefShares surge 15%, the best day in nearly six yearsQuarterly adjusted earnings per share of $2.80 beat expectationsTariff impact reduced to $3.5-$4.5 billion from $4-$5 billionBy Nora Eckert and Nathan Gomes Oct 21 (Reuters) - General Motors GM.N ...
Tue, Oct 21
Oil settles higher as investors focus on supply signals
Investors focus on expectations of oversupplyUS-China trade talks also in focus, Trump expects fair dealUS crude stocks expected to have risen last week - pollBy Shariq Khan NEW YORK, Oct 21 (Reuters) - Oil prices settled higher on Tuesday, bouncing off the previous session's five-month lows,...
Tue, Oct 21
Novo Nordisk's top investor seizes board control in weight-loss drug battle
Chairman, six board members to stand down next monthTop shareholder proposes new board membersFormer Novo CEO Boardroom feud comes in midst of company turnaround driveBoard and top shareholder clashed over pace of changeShares fall on fresh management turmoilBy Stine Jacobsen, Jacob Gronholt-Pederse...
Tue, Oct 21
Coca-Cola results top estimates as zero-sugar, smaller pack sizes boost sales
Coca-Cola keeps annual sales, profit targets despite challengesCompany to invest in smaller pack sizes for affordabilityInternational markets face local competition, executives sayBy Juveria Tabassum and Jessica DiNapoli Oct 21 (Reuters) - Coca-Cola's KO.N third-quarter results exceeded Wall ...
Tue, Oct 21
Takaichi elected Japan's premier, shattering glass ceiling with hard-right turn
Takaichi becomes Japan's first female prime ministerTakaichi's election marks a shift to the right in JapanEquity markets optimistic about Takaichi's economic policiesBy Mariko Katsumura and Tim Kelly TOKYO, Oct 21 (Reuters) - Hardline conservative Sanae Takaichi was elected Japan'...
Tue, Oct 21
General Motors surges on annual core profit forecast raise
** Shares of General Motors GM.N rise nearly 12% to about $65 in early trading** Co raises annual core profit forecast to $12.0 billion-$13.0 billion from $10.0 billion-$12.5 billion earlier, as it expects lower hit from tariffs** Lifts 2025 adj. EPS forecast to $9.75-$10.50 from $8.25-$10.00 ** Q3 ...
Tue, Oct 21
RTX jumps after full-year earnings forecast raise
Shares of RTX RTX.N surge 10% to $177.07.Aerospace firm raises its 2025 profit, revenue forecast on strong demand for its Pratt & Whitney airplane engines and defense products.
Tue, Oct 21
Citi plans to pull lead from LME Singapore warehouses
Citigroup C.N is planning to withdraw large amounts of lead from London Metal Exchange (LME) approved warehouses in Singapore, four industry sources said, as the bank seeks alternative rent-sharing deals.
Tue, Oct 21
