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SoftBank's OpenAI wager in focus as analysts upgrade share price target
TOKYO, Nov 11 (Reuters) - Technology investor SoftBank Group 9984.T reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring.But SoftBank's belief in AI comes with risks amid growing...
Tue, Nov 11
CoreWeave flags hit from data center delay, shares fall
Nov 10 (Reuters) - Nvidia-backed CoreWeave CRWV.O trimmed annual revenue forecast on Monday, hurt by a delay at a third-party data center partner, taking the shine off a strong September quarter driven by burgeoning demand for AI cloud services.
Tue, Nov 11
Intel CEO to oversee its AI efforts after executive departs for OpenAI
SAN FRANCISCO, Nov 10 (Reuters) - Intel INTC.O said on Monday its CEO Lip-Bu Tan would oversee the chipmaker's artificial intelligence efforts after the firm's chief technology officer departed for ChatGPT maker OpenAI.Sachin Katti, who has led Intel&#...
Tue, Nov 11
Oil settles higher as tight fuel markets offset crude supply concerns
Fuel prices gain on refinery outages, Russian supply disruptionsCrude oil oversupply concerns persist on rising outputUS Senate advances bill to end federal shutdownFlight delays, cancellations in the US accelerateBy Shariq Khan NEW YORK, Nov 10 (Reuters) - Oil prices settled higher on Monday as ...
Mon, Nov 10
US Senate advances bill to end federal shutdown
The U.S. Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending a now 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.
Mon, Nov 10
Japan's Nikkei rises more than 1% as US Senate moves to end shutdown
TOKYO, Nov 10 (Reuters) - Japan's Nikkei share average rose more than 1% on Monday, tracking gains in U.S. stock futures on hopes that the historic U.S. government shutdown may end soon.The Nikkei .N225 climbed 1.26% to close at 50,911.76. The broader Topix .TOPX rose 0.56% to...
Mon, Nov 10
Tesla's Cybertruck chief Siddhant Awasthi departs after eight years
Tesla's TSLA.O head of the Cybertruck program, Siddhant Awasthi, said late on Sunday that he is leaving the U.S. electric vehicle maker after more than eight years with the company.
Mon, Nov 10
Gold hits two-week high on Fed rate-cut bets, slowdown worries
Gold prices jumped to a two-week high on Monday, helped by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic data that raised global slowdown worries.
Mon, Nov 10
Dollar weakens on hopes US shutdown is near an end
U.S. Senate prepares vote to fund government through JanuaryDollar had weakened during previous three sessionsYen slips on signs Takaichi government may water down fiscal consolidationBy Gregor Stuart Hunter SINGAPORE, Nov 10 (Reuters) - The U.S. dollar softened on Monday as signs the federal gov...
Mon, Nov 10
Shares rise on optimism over potential end to US government shutdown
Global shares rose on Monday on optimism that an end to the historic U.S. government shutdown was in sight, while the dollar was nursing losses from last week.
Mon, Nov 10
Gold rises more than 1% on Fed rate-cut bets, slowdown worries
Gold prices rose more than 1% on Monday, buoyed by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic data that raised global slowdown worries.
Mon, Nov 10
China suspends sanctions on US-linked units of S.Korea's Hanwha Ocean
China has suspended sanctions on U.S.-linked subsidiaries of South Korea's Hanwha Ocean Co Ltd 042660.KS for a year, its commerce ministry said on Monday.
Mon, Nov 10
Japan's Nikkei rises on hopes US shutdown may end soon
TOKYO, Nov 10 (Reuters) - Japan's Nikkei share average rose on Monday, tracking gains in U.S. stock futures as hopes grew that the historic U.S. government shutdown may end soon.The Nikkei .N225 climbed 0.9% to 50,728.56 by 0143 GMT. The broader Topix .TOPX edged up 0.17% to 3...
Mon, Nov 10
Wall St Week Ahead-Investors watching US economic signs as market pulls back, tech teeters
NEW YORK, Nov 7 (Reuters) - Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs.
Mon, Nov 10
Pfizer wins $10 billion bidding war for Metsera as Novo Nordisk exits
NEW YORK/LONDON, Nov 8 (Reuters) - U.S. drugmaker Pfizer has PFE.N clinched a $10 billion deal for obesity drug developer Metsera MTSR.O, capping a fierce biotech bidding war between the New York-based pharma giant and Danish rival Novo Nordisk NOVOb.CO.
Mon, Nov 10
China grants exemptions to export curbs on Nexperia chips for civilian use
BEIJING, Nov 9 (Reuters) - China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday in a move that will help to relieve supply shortages for carmakers and automotive suppliers. The announcement is the str...
Mon, Nov 10
China starts work on easing rare earth export rules but short of Trump hopes, sources say
Nov 7 (Reuters) - China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington, industry insiders said.
Mon, Nov 10
Crude recovers late in session on hopes over US-Hungary meeting
US crude stocks rose more than expected last weekPrivate reports suggest US labor market weakened in OctoberGunvor withdraws proposal to buy Lukoil's overseas assetsBy Erwin Seba HOUSTON, Nov 7 (Reuters) - Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian...
Fri, Nov 7
Peloton shares jump as turnaround strategy gains traction
Nov 7 (Reuters) - Peloton Interactive PTON.O shares jumped 7% on Friday after the fitness company beat quarterly revenue estimates, buoyed by early traction from its revamped product lineup and price hikes across hardware and subscriptions, reinforcing investor confidence in its turnaround strategy....
Fri, Nov 7
WRAPUP 4-China's exports suffer worst downturn since Feb as tariffs hammer US demand
Exports slide, worst outcome since Feb, as front-loading effect fadesImport growth slowest in 5 months, highlights soft domestic demandData underline rising pressure on economy as US tariffs shake up global trade By Joe Cash and Ethan Wang BEIJING, Nov 7 (Reuters) - Chinese exports unexpectedly f...
Fri, Nov 7
