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Intel approaches TSMC for investments or partnership, WSJ reports
Sept 25 (Reuters) - Chipmaker Intel INTC.O has approached Taiwan Semiconductor Manufacturing Company 2330.TW about investments in manufacturing or partnerships, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Fri, Sep 26
Costco tops quarterly estimates as Americans seek bargains amid inflation
Sept 25 - Costco Wholesale COST.O beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials.
Fri, Sep 26
American Lithium raises Peru project's investment by 22% to $847 million
AREQUIPA, Sept 25 (Reuters) - American Lithium LI.V has raised its planned investment for the Falchani lithium project in Peru by 22% to $847 million, an executive said on Thursday, as it relaunches the project following a favorable court ruling that ended a legal dispute over its concessions.
Fri, Sep 26
Oil holds steady at multi-week high as Russia limits fuel exports, US GDP revised up
U.S. economic data tempers optimism for further Fed rate cutsOversupply concerns back in focus for fourth quarterRussia to introduce a partial ban on diesel exports until the end of the yearBy Nicole Jao NEW YORK, Sept 25 (Reuters) - Oil prices steadied on Thursday after hitting a seven-week ...
Thu, Sep 25
White House threatens sharp cuts in US workforce in shutdown standoff
Trump plans to fire federal workers if government funding stopsSenate Democrats demand funding bill reverse healthcare cutsLaw restricts spending during shutdown, except for critical functionsBy Bo Erickson, Courtney Rozen and Kanishka Singh WASHINGTON, Sept 25 (Reuters) - President Donald Trump&...
Thu, Sep 25
Starbucks closing stores, including iconic Seattle roastery, as CEO deepens restructuring
Overhaul hit flagship Seattle store, Chicago Ridge Avenue shopRestructuring to cost $1 billionN. America store count to drop by about 1% Job cuts to impact support teamsBy Juveria Tabassum and Waylon Cunningham Sept 25 (Reuters) - Starbucks SBUX.O said on Thursday it would close underperforming s...
Thu, Sep 25
Goldman Sachs downgrades copper supply forecast after Grasberg mine disruption
By Anmol Choubey Sept 25 (Reuters) - Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine.The incident, which occurred on September 8, trapped workers underground d...
Thu, Sep 25
White House adviser Hassett cites enormous progress on China-US trade talks
WASHINGTON, Sept 25 (Reuters) - White House economic adviser Kevin Hassett on Thursday said the U.S. has made enormous progress on trade talks with China in the last few months but there is still work to do.
Thu, Sep 25
Gold rises on safe-haven demand, investors await US data
Sept 25 (Reuters) - Gold rose on Thursday as geopolitical and economic tensions heightened safe-haven demand, while investors awaited U.S. economic data for clues on the Federal Reserve’s monetary policy trajectory.
Thu, Sep 25
Amazon's grocery ambitions stumble in Britain
Amazon opened first store outside US in UK in 2021Said this week it would close all Amazon Fresh stores in UKTo focus on online deliveryBy James Davey LONDON, Sept 25 (Reuters) - When Amazon AMZN.O opened its first grocery store outside the United States in 2021, its choice of a site in west Lond
Thu, Sep 25
Silver miners gain as white metal prices edge higher
U.S.-listed shares of silver miners gain premarket, tracking rising prices of the white metal
Thu, Sep 25
[Reuters Breakingviews] EU bank stablecoin push is better late than never
BERLIN, Sept 25 (Reuters Breakingviews) - Nine European banks are not intimidated by the tiny size of the market for euro-based stablecoins. UniCredit CRDI.MI, ING INGA.AS and other European Union lenders say they want to launch such a “trusted payment standard” – cryptocurrenc...
Thu, Sep 25
Swiss National Bank keeps interest rate at zero, sees tariff hit to economy
SNB says Trump tariffs will hit Swiss economyCentral bank holds rates for first time in seven meetingsInflation has recently crept back into target rangeSNB chairman says prepared to cut rates again if neededBy John Revill ZURICH, Sept 25 (Reuters) - The Swiss National Bank held its benchmark int...
Thu, Sep 25
Fed's Miran says US economy vulnerable to shocks due to tight policy, unfounded inflation concerns, report says
WASHINGTON, Sept 25 (Reuters) - The U.S. economy is more vulnerable to shocks right now due to high interest rates based on unfounded inflation concerns among Federal Reserve policymakers, Fed Governor Stephen Miran said on Fox Business' Mornings with Maria program.Miran said the policy rate sho...
Thu, Sep 25
CORRECTED-ANALYSIS-'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market
Robo-advisory market projected to grow 600% by 2029 Half of retail investors open to using AI tools, survey findsChatGPT used by 13% of retail investors for stock selection An AI-selected stock basket outperformed UK's top fundsBy Joice AlvesLONDON, Sept 25 (Reuters) - As ChatGPT nears its third...
Thu, Sep 25
H&M profit jumps as brand-boosting strategy starts to pay off
Profit beats expectations due to successful autumn collectionsNew CEO since 2024 has been targeting trendier collectionsFashion retailers face challenges from Trump's tariffs Shares up 10% in morning tradingBy Greta Rosen Fondahn and Helen Reid STOCKHOLM, Sept 25 (Reuters) - Swedish fashio...
Thu, Sep 25
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Apple pushes EU to repeal tech rules over feature delays, app vulnerabilities
Apple says EU's Digital Markets Act delaying features, raising user risksApple says it may not be able to meet every DMA demand Urges regulators to reassess how law affects EU consumersBy Mrinmay Dey and Gnaneshwar Rajan Sept 25 (Reuters) - Apple AAPL.O urged the European Union on Wednesday t...
Thu, Sep 25
Gold holds steady as investors await key US economic data
Fed's Daly says further rate cuts will likely be neededUS Personal Consumption Expenditures index due on FridayGold still very much bullish in longer term, analyst saysBy Anmol Choubey Sept 25 (Reuters) - Gold prices were little changed on Thursday with a slightly weaker dollar lending some s...
Thu, Sep 25
BYD outsells Tesla in EU for second month, Stellantis returns to sales growth
Sept 25 (Reuters) - Chinese EV maker BYD 002594.SZ sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla TSLA.O for the second consecutive month, data from the European auto lobby ACEA showed on Thursday.
Thu, Sep 25
Economic growth edges higher for EBRD countries but tariff threat looms
LONDON, Sept 25 (Reuters) - The European Bank for Reconstruction and Development lifted its 2025 growth forecast for the first time in more than a year but warned that the effects of tariffs and war will weigh on growth in 2026.
Thu, Sep 25
