Reuters
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Oil settles down more than 1% at 2-week lows on fears of glut
US crude stocks rise, fuel inventories fall, EIA data showsCanada may scrap oil and gas emissions cap, raising supply concernsRussia suspends fuel exports at Black Sea refineryBy Nicole Jao NEW YORK, Nov 5 (Reuters) - Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressur...
Wed, Nov 5
Gold rebounds from near 1-week low on bargain-hunting ahead of US jobs data
Gold prices rose on Wednesday, as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session, while focus was also on the U.S. private payroll data for cues on future interest rate cuts.
Wed, Nov 5
Stocks dip on valuation fears, dip-buyers emerge
Asian stocks recovered some lost ground on Wednesday after a steep selloff as market volatility surged to levels not seen since April following an overnight tech-led selloff on Wall Street heightened concerns over stretched valuations.
Wed, Nov 5
Safe-haven yen, Swiss franc shine as stocks slide; sterling struggles
The safe-haven Japanese yen and Swiss franc stood tall on Wednesday as an aggressive tech-led selloff on Wall Street spilled over into Asia.
Wed, Nov 5
Supreme Court weighs legality of tariffs in major test of Trump's power
The U.S. Supreme Court is due on Wednesday to hear arguments over the legality of Donald Trump's sweeping tariffs in a case with implications for the global economy that marks a major test of the Republican president's powers and the willingness of the justices to let him push the limits of his auth
Wed, Nov 5
SoftBank Group: With OpenAI Launched JV 'SB OAI Japan', To Market 'Crystal Intelligence' Exclusively In Japan in 2026
Nov 5 (Reuters) - SoftBank Group Corp 9984.T:SOFTBANK GROUP CORP: SOFTBANK GROUP AND OPENAI LAUNCH 'SB OAI JAPAN' JOINT VENTURESOFTBANK GROUP CORP: SB OAI JAPAN IS EXPECTED TO MARKET CRYSTAL INTELLIGENCE EXCLUSIVELY IN JAPAN, WITH AVAILABILITY PLANNED FOR 2026SOFTBANK GROUP CORP: SAM ALTMAN ...
Wed, Nov 5
Revised Profit Forecast For United States Steel Corporation Due To High Market Uncertainties In The U.S
Nov 5 (Reuters) - Nippon Steel Corp 5401.T:NIPPON STEEL CORP - REVISED PROFIT FORECAST FOR UNITED STATES STEEL CORPORATION DUE TO HIGH MARKET UNCERTAINTIES IN THE U.SNIPPON STEEL CORP - EXPECT TO RECOGNIZE LOSSES ON REORGANIZATION ASSOCIATED WITH TRANSFER OF EQUITY INTERESTS IN USINAS SIDERÚRGICAS D
Wed, Nov 5
Japan's Nikkei falls 2% to track Wall Street's sharp decline
TOKYO, Nov 5 (Reuters) - Japan's Nikkei share average fell more than 2% on Wednesday to touch a one-week low as high-flying technology stocks tracked Wall Street's sharp declines overnight. As of 0025 GMT, the Nikkei .N225 was down 2% at 50,463.01, hitting its lowest since last Wednesda...
Wed, Nov 5
IBM to cut thousands of roles in focus on software growth, Bloomberg News reports
Nov 4 (Reuters) - IBM IBM.N will cut thousands of roles this quarter while it continues to shift the focus of its business to higher-growth software and services, Bloomberg News reported on Tuesday.
Wed, Nov 5
[Reuters Analysis] Starbucks' bet on local expertise could help it regain ground in China
SHANGHAI/BEIJING, Nov 5 (Reuters) - Starbucks' SBUX.O decision on Monday to sell up to 60% of its China business to local private equity firm Boyu Capital could help the hard-pressed brand regain ground in one of the world’s fastest-growing coffee markets.
Wed, Nov 5
Apple rises on plans to launch budget Mac
Apple's AAPL.O shares rise 0.47% to $270.29 on Tuesday following news it is preparing to launch a budget Mac, marking the first entry into the low-cost laptop market for the iPhone maker
Wed, Nov 5
Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters
NEW YORK, Nov 4 (Reuters) - U.S. stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations.
Wed, Nov 5
Lilly, Novo near White House deals to cut obesity drug prices, gain Medicare access, source says
Nov 4 (Reuters) - Eli Lilly LLY.N and Novo Nordisk NOVOb.CO are expected to announce deals with the Trump administration to cut prices of their weight-loss drugs in exchange for Medicare coverage, a White House source told Reuters on Tuesday.Patients in the U.S. currently pay the most for prescripti
Wed, Nov 5
US Senate efforts to reopen government show frustration as deal proves elusive
WASHINGTON, Nov 4 (Reuters) - Bipartisan efforts in the U.S. Senate to reopen the federal government as early as this week gave way to fresh signs of frustration on Tuesday, even as Republicans and Democrats aired details of a possible path out of the five-week-old impasse.
Wed, Nov 5
Pinterest's weak revenue forecast signals intense competition for ad dollars
Nov 4 (Reuters) - Pinterest PINS.N forecast fourth-quarter revenue slightly below Wall Street estimates on Tuesday, signaling fierce competition from larger platforms such as Meta during the holiday season, sending its shares down over 20% in extended trading. The company expect...
Wed, Nov 5
Super Micro misses quarterly estimates on delivery delays
Nov 4 (Reuters) - Super Micro Computer missed Wall Street estimates for quarterly profit and revenue on Tuesday, hit by a shift in delivery schedules for large artificial intelligence deals, sending the server maker's shares down more than 8% in extended trading.The company SMCI.O ha...
Wed, Nov 5
Oil settles lower on stronger dollar, fears of oversupply
By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) - Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supp...
Tue, Nov 4
Starbucks to sell control of China business to Boyu, aims for rapid growth
Boyu Capital to hold up to 60% interest in joint ventureStarbucks' market share in China has fallen to 14% from 34%Competitors like Luckin offer lattes at a third of Starbucks pricesBy Kane Wu, Waylon Cunningham and Casey Hall Nov 4 (Reuters) - Starbucks SBUX.O said it would sell control of i...
Tue, Nov 4
Japan yet to achieve durable, wage-driven inflation, PM Takaichi says
Takaichi says hopes BOJ guides policy to stably hit price goalGovt will 'strategically' deploy spending to prop up economyRemarks may affect BOJ's decision on how soon to raise ratesGovernor Ueda scheduled to speak in Nagoya on December 1BOJ's next policy meeting on December 18-19By ...
Tue, Nov 4
Supreme Court cannot stop all of Trump's tariffs. Deal with it, officials say
Trump employs various legal authorities to impose tariffsIf emergency law disallowed, other tariff paths remainCountries negotiate trade deals to mitigate tariff impactTariffs strain corporate profits, risk inflation increaseTreasury Secretary Bessent to attend Supreme Court argumentsBy David Lawder...
Tue, Nov 4
