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Elon Musk's $1 trillion Tesla pay plan wins shareholder approval
Analysts see vote as positive for Tesla stockMusk's voting rights influenced approval despite oppositionMusk's pay tied to ambitious Tesla milestonesTesla's future hinges on Musk's ambitious AI and robotics visionBy Abhirup Roy and Akash Sriram SAN FRANCISCO, Nov 6 (Reuters) - Tes...
Fri, Nov 7
US finalizes domestic flight cuts to start at 4% on Friday
WASHINGTON, Nov 6 (Reuters) - The U.S. Federal Aviation Administration on Thursday ordered airlines to cut domestic flight operations by 4% at 40 high-traffic airports starting at 6 a.m. ET (1100 GMT) on Friday, citing safety concerns about air traffic control during the government shutdown.Reuters
Fri, Nov 7
OpenAI discussed government loan guarantees for chip plants, not data centers, Altman says
OpenAI explores selling computing capacityOpenAI plans $1.4 trillion in capital commitments over eight yearsNo federal bailout for AI, says White House AI czar David SacksBy Deepa Seetharaman, Krystal Hu and Arsheeya Bajwa Nov 6 (Reuters) - OpenAI has spoken with the U.S. government about the pos...
Fri, Nov 7
Japan's Nikkei drops as tech shares track Wall Street peers lower
TOKYO, Nov 7 (Reuters) - Japan's Nikkei share average fell on Friday as heavyweight tech stocks tracked a decline in U.S. peers overnight.The tech-heavy Nikkei .N225 slid 1.3% to 50,209.13.The broader Topix .TOPX lost 0.5% to 3,298.34.Startup investor SoftBank Group 9984.T dropped 7.5%, while ch...
Fri, Nov 7
Wall Street ends lower on tech valuations, economic jitters
NEW YORK, Nov 6 (Reuters) - U.S. stocks closed in negative territory on Thursday, with a resumption of Tuesday's tech selloff as investors contended with mounting economic uncertainty and stretched valuations.
Fri, Nov 7
Novo Nordisk, Lilly strike deal with Trump to slash weight-loss drug prices
WASHINGTON, Nov 6 (Reuters) - U.S. President Donald Trump, Eli Lilly LLY.N and Novo Nordisk NOVOb.CO unveiled a deal on Thursday to slash the prices of popular GLP-1 weight‑loss drugs for the government's Medicare and Medicaid programs, as well as for cash payers.
Fri, Nov 7
Trump expands critical minerals list to copper, met coal, uranium
Nov 6 (Reuters) - The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal, used to make coke fuel for steel production.
Fri, Nov 7
Trump administration seeks to negotiate with China on shipping as it pauses port fees
WASHINGTON, Nov 6 (Reuters) - The Trump administration said on Thursday it would pursue negotiations with China over its dominance of shipbuilding and ocean logistics as it formalized plans for a one-year pause on U.S. port fees on China-linked vessels as part of a broader deal to reduce trade tensi
Fri, Nov 7
Oil falls as investors weigh potential supply glut, weak demand
Global oil demand falls short of JPMorgan projectionsLow US refinery run rates show weak crude demand Saudi Arabia cuts December crude prices for AsiaInvestors weigh impact of Russia sanctions By Georgina McCartney HOUSTON, Nov 6 (Reuters) - Oil prices declined on Thursday as investors considered...
Thu, Nov 6
US sends first sorghum shipment to China, grains council chairman says
A shipment of sorghum was sent from the United States to China last week, Mark Wilson, chairman of the U.S. Grains and Bioproducts Council, said at the China International Import Expo in Shanghai on Thursday.
Thu, Nov 6
Gold firms on softer dollar, US government shutdown
Gold inched higher on Thursday as the dollar slipped from a four-month high and investors remained uncertain regarding the U.S. economic outlook amid a government shutdown.
Thu, Nov 6
Google to announce largest-ever investment plan for Germany, Handelsblatt reports
U.S. tech giant Google plans to present its largest-ever investment plan for Germany next week, business news outlet Handelsblatt reported on Thursday.
Thu, Nov 6
UK pre-budget blues and rate cut concerns pile pressure on pound
Traders are growing gloomy on the outlook for the pound, already at its lowest in months, concerned that a long-awaited budget this month will do little to boost Britain's growth prospects.
Thu, Nov 6
A Trump Supreme Court tariff defeat would add to trade uncertainty
The U.S. Supreme Court's tough questioning of President Donald Trump's global tariffs fueled increased speculation that they will be struck down, but raised the specter of additional chaos as he is widely expected to shift to other trade tactics in the wake of an adverse ruling.
Thu, Nov 6
US orders 10% flights cut at major US airports due to shutdown
FAA may take further steps if air traffic issues persistShutdown causes staffing shortages, flight delays, longer security wait timesAirlines scramble to adjust schedules amid flight cutsFAA exempts international flights from capacity reductionsBy David Shepardson and Rajesh Kumar Singh WASHINGTO...
Thu, Nov 6
Novo Nordisk trims outlook as obesity drug maker loses ground to Eli Lilly
COPENHAGEN, Nov 5 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO trimmed its full-year forecasts on Wednesday as sales growth of its blockbuster obesity drugs slows, leaving investors worried the firm is losing ground to U.S. peer Eli Lilly LLY.N and copycat rivals.
Thu, Nov 6
US private payrolls rebound in October, ADP says
WASHINGTON, Nov 5 (Reuters) - U.S. private payrolls rebounded sharply in October, the ADP employment report showed on Wednesday.
Thu, Nov 6
Robinhood profit surpasses expectations as retail traders ride market momentum
Nov 5 (Reuters) - Robinhood Markets HOOD.O topped third-quarter profit estimates on Wednesday as retail traders shrugged off bubble fears, and the online brokerage announced the retirement of its longtime finance chief.
Thu, Nov 6
Lyft bets on global expansion, smaller cities focus to drive growth
Nov 5 (Reuters) - Lyft's LYFT.O foray into global markets and smaller U.S. cities will help fuel growth, the ride-hailing firm said on Wednesday, as it forecast upbeat bookings for the all-important holiday travel season.
Thu, Nov 6
Japan's services sector extends growth in October despite demand slowdown, PMI shows
TOKYO, Nov 6 (Reuters) - Japan's services sector extended its robust growth in October, despite the slowest growth in new orders in 16 months and a resurgence in inflationary pressures, a private-sector survey showed on Thursday.The S&P Global final Japan Services Purchasing Managers' In...
Thu, Nov 6
