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Hyundai Motor retains earnings targets after US tariffs hit Q3 profit
Hyundai focuses on sales of high margin vehicles in U.S.Sticks to targets after Seoul and Washington agree trade dealTariffs on Korean auto imports to come down to 15% from 25%Hyundai shares close up 2.7% in SeoulBy Heekyong Yang and Hyunjoo Jin SEOUL, Oct 30 (Reuters) - South Korea's Hyu...
Thu, Oct 30
Trump says US to cut fentanyl tariff to 10% after talks with China's Xi
ABOARD AIR FORCE ONE, Oct 30 (Reuters) - U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods imposed as a punishment over the flow of fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea.Xi will work "ve...
Thu, Oct 30
Asia stocks sink as Trump and Xi make a deal, BOJ holds
SINGAPORE, Oct 30 (Reuters) - Asian stocks veered between gains and losses on Thursday after U.S. President Donald Trump said he had made a deal with Chinese President Xi Jinping on rare earths and tariffs, while the yen weakened after the Bank of Japan kept interest rates on hold.
Thu, Oct 30
Samsung beefs up advanced chip output after memory chip sales hit record high
Q3 chip profit up 80% to highest in over three yearsLatest HBM chips go to 'all' customers, suggesting Nvidia supplyChip shortage expected to persist into next year, Samsung saysSamsung shares rise as much as 5.3% By Hyunjoo Jin, Heekyong Yang and Joyce Lee SEOUL, Oct 30 (Reuters) - Samsu...
Thu, Oct 30
Microsoft Azure's services restored after global outage
Azure outage affected global industries, including airlines and airportsMicrosoft 365 services impacted by Azure configuration changeOutage follows recent Amazon AWS disruption, highlighting tech vulnerabilities Oct 29 (Reuters) - Microsoft MSFT.O said late on Wednesday it had resolved an outage ...
Thu, Oct 30
Starbucks sales rebound globally, coffee prices bite margins
US sales flat, store visits fellMargins hit by rising coffee prices, tariffs, investment costsChina sales rise 2%, facing competition from local chainsBy Juveria Tabassum and Waylon Cunningham Oct 29 (Reuters) - Starbucks SBUX.O posted its first quarter of gains in comparable sales after nearly a...
Thu, Oct 30
EXCLUSIVE-OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation
SAN FRANCISCO, Oct 29 - OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time.
Thu, Oct 30
Dow ends down, S&P 500 flat as Powell says December rate cut far from assured
NEW YORK, Oct 29 (Reuters) - The Dow ended lower and the S&P 500 finished flat on Wednesday after the Federal Reserve cut interest rates but Fed Chair Jerome Powell said another rate cut in December is far from assured.
Thu, Oct 30
Microsoft's massive AI spending draws investor concerns as cloud business booms
Capex surges to record in Q1, expected to be higher for the yearAzure cloud business grew 40% in Q1, surpassing estimatesShares drop in extended tradingBy Aditya Soni and Deborah Mary Sophia Oct 29 (Reuters) - Microsoft's MSFT.O AI infrastructure spending to meet growing cloud services de...
Thu, Oct 30
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Oct 29 (Reuters) - Strong AI demand helped power Alphabet's GOOGL.O financial results, as both the core advertising and cloud computing businesses of the Google parent beat revenue expectations.
Thu, Oct 30
Mixed share reaction to megacap earnings burst, Meta droops
Oct 29 (Reuters) - Shares in three of the "Magnificent Seven" companies with significant investments in artificial intelligence were mixed in after-hours trade on Wednesday after the mega caps released third quarter earnings.Shares in Google-parent Alphabet GOOGL.O rose 6.2% after the compan...
Thu, Oct 30
Trump announces trade breakthrough with South Korea on Asia trip
U.S. president makes final stop on five-day Asia tripHolds talks on trade, security with South Korean President Lee'Dramatic progress' helped break tariff impasse, Seoul saysTrump expects to cut China tariff related to illicit fentanyl tradeBy Trevor Hunnicutt, Jihoon Lee and Ju-min Park ...
Wed, Oct 29
CORRECTED-Trump again targets Fed's Powell on interest rate cuts
SEOUL, Oct 29 (Reuters) - U.S. President Donald Trump complained on Wednesday about the Federal Reserve, once again taking aim at central bank chief Jerome Powell for perceived delays in cutting interest rates."Jerome 'Too Late' Powell," Trump said in a speech in the South Korean cit...
Wed, Oct 29
UBS beats expectations as third-quarter profit soars to $2.5 billion
UBS UBSG.S said third-quarter net profit surged 74% to $2.5 billion, handily beating expectations as revenues climbed amid financial market volatility caused by global tariff turmoil.
Wed, Oct 29
Mercedes-Benz reports 70% fall in third-quarter operating profit
Mercedes MBGn.DE reported a 70% drop in operating profit in the third quarter, it said on Wednesday, as the cost of job cuts added to U.S. tariff woes and weak demand for the German luxury carmaker.
Wed, Oct 29
Stocks upbeat on AI optimism as investors gird for Fed, tech earnings
Asian shares got a lift from Wall Street on Wednesday thanks to a fresh wave of optimism over artificial intelligence, as investors braced for a busy day headlined by the Federal Reserve's decision and earnings from technology heavyweights.
Wed, Oct 29
Gold flat ahead of Fed verdict; trade optimism and firm dollar weigh
Gold prices were flat on Wednesday, ahead of a widely expected interest rate cut from the Federal Reserve, although expectations of a potential U.S.-China trade deal and a stronger dollar kept bullion near a three-week low.
Wed, Oct 29
Australian shares close at two-week low as inflation spike sinks rate cut hopes
Australian shares closed at their lowest level in two weeks on Wednesday as a spike in core inflation dashed hopes of a near-term interest rate cut, prompting a sell-off in banking and real estate stocks.
Wed, Oct 29
Trump says may speak to China's Xi about Nvidia's 'super-duper' Blackwell chip
ABOARD AIR FORCE ONE, Oct 29 (Reuters) - U.S. President Donald Trump said on Wednesday he will speak to Chinese President Xi Jinping about Nvidia's NVDA.O state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday.
Wed, Oct 29
China buys three US soybean cargoes ahead of Trump-Xi meeting, sources say
BEIJING/SINGAPORE, Oct 29 (Reuters) - China's state-owned COFCO bought three U.S. soybean cargoes this week, two trade sources said, the country's first purchases from this year's U.S. harvest ahead of this week's summit of leaders Donald Trump and Xi Jinping.
Wed, Oct 29
