Reuters
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Xpeng AeroHT's flying cars collided mid-flight at air show, company says
BEIJING, Sept 16 (Reuters) - Two of Xpeng AeroHT's flying cars collided mid-flight during rehearsals for the upcoming Changchun Air Show on Tuesday, and one suffered damage and caught fire during landing, the company said in a statement to Reuters.
Tue, Sep 16
US STOCKS-S&P 500, Nasdaq set for higher open on rate cut hopes; markets sift through retail data
Sept 16 (Reuters) - The S&P 500 and the Nasdaq were set for a higher open on Tuesday as investors anticipated interest rate cuts from the Federal Reserve on Wednesday, while parsing through the latest retail sales reading.
Tue, Sep 16
US opens probe into 174,000 Tesla Model Y cars over door handle failures
WASHINGTON, Sept 16 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened an investigation into about 174,000 Tesla TSLA.O Model Y cars from the 2021 model year over reports that electronic door handles can become inoperative.
Tue, Sep 16
US online holiday sales to slow as shoppers tighten budgets, Salesforce forecasts
Sept 16 (Reuters) - U.S. online sales growth during the 2025 holiday season is expected to slow from last year, as price-conscious shoppers stay picky with their spending amid rising living costs, according to a Salesforce forecast released on Tuesday.
Tue, Sep 16
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Stocks firm, dollar down as bets build for Fed rate cuts
SINGAPORE/LONDON, Sept 16 (Reuters) - Global shares held near record highs on Tuesday as investors bought U.S. assets on the premise that the Federal Reserve is likely to cut rates, while selling equities in Europe, where borrowing costs look unlikely to fall much further.
Tue, Sep 16
PRECIOUS-Gold touches record high as Fed rate-cut hopes dent dollar
Dollar on back foot as traders eye series of Fed rate cutsSPDR Gold Trust holdings rose 0.2% on MondayFed policy statement due on WednesdayBy Brijesh Patel Sept 16 (Reuters) - Gold scaled a record peak on Tuesday, supported by a weaker dollar ahead of the Federal Reserve's policy meeting this...
Tue, Sep 16
OpenAI hires former xAI CFO Mike Liberatore as business finance officer
Sept 16 (Reuters) - OpenAI has hired Mike Liberatore, former finance chief at Elon Musk's xAI, to be the artificial intelligence startup's business finance officer, responsible for overseeing its AI infrastructure, a company spokesperson told Reuters on Tuesday.Liberatore, who left xAI in Ju...
Tue, Sep 16
Asia stocks scale new highs, dollar weakens as investors eye Fed cut
Market mood buoyant ahead of Fed decisionAsia shares scale multi-year highsTrump economic adviser Miran gets Senate nod to join Fed boardInvestors eyeing slew of Fed cuts by year-endBy Rae Wee SINGAPORE, Sept 16 (Reuters) - Asia stocks climbed on Tuesday while the dollar fell as investors bet the
Tue, Sep 16
South Korea presidential office says tariff talks with US stalled
SEOUL, Sept 16 (Reuters) - South Korea's presidential office said on Tuesday that tariff talks with the U.S. have been stalled for a while, but President Lee Jae Myung is determined not to force Korean companies to sustain losses by rushing to sign a trade deal. The countries have been strug...
Tue, Sep 16
Japan's Nikkei hits record high as tech stocks track Wall Street gains
By Junko FujitaTOKYO, Sept 16 (Reuters) - Japan's Nikkei share average touched a record high on Tuesday, as technology stocks tracked Wall Street's strong overnight finish ahead of the U.S. Federal Reserve's crucial policy meeting later this week. The Nikkei .N225 rose to as high as 45,0...
Tue, Sep 16
Oracle among firms to enable TikTok to continue operations in US, CBS reporter says
Sept 15 (Reuters) - Oracle ORCL.N is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal between the U.S. and China is finalized, CBS News reporter Jennifer Jacobs said in a post on X on Monday.
Tue, Sep 16
South Korea presidential office says tariff talks with US stalled, Newsis reports
SEOUL, Sept 16 (Reuters) - South Korea's presidential office said on Tuesday that tariff talks with the U.S. are in a difficult deadlock, but President Lee Jae Myung is determined not to force Korean firms to sustain losses, the Newsis news agency reported, citing a presidential official.
Tue, Sep 16
Australia dollar notches another top, momentum on its side
By Wayne Cole SYDNEY, Sept 16 (Reuters) - The Australian dollar eked out its fifth-straight high for the year on Tuesday as the outlook for interest rate and yield spreads shifted in its favour, while technical momentum remained bullish.The Aussie was steady at $0.6667 AUD=D3, having earlier edge
Tue, Sep 16
China carmakers careen towards chip's siren call
By Katrina Hamlin HONG KONG, Sept 16 (Reuters Breakingviews) - China's carmakers are racing to develop smart-driving semiconductors in-house. It's a perilous journey, but even the slim prospect of immense rewards can be too alluring to ignore.Only a handful of companies worldwide have suc...
Tue, Sep 16
Bessent says US won't hit China with tariffs over Russian oil unless Europe goes first
Europe needs to 'do their share' to cut off Russian oil revenues, Bessent saysBessent criticizes European countries for buying Russian oil, Indian refined productsUS to consider new Russian sanctions, uses for Russian assets, Bessent saysBy David Lawder MADRID, Sept 15 (Reuters) - U.S. Tr...
Tue, Sep 16
Former Fed Bullard, after meeting Treasury chief, flags conditions to be Fed chair
Bullard interested in Fed chair if conditions metTrump administration seeks Powell's replacement as chair term ends next yearFed expected to cut rates amid inflation and job market concernsBy Michael S. Derby Sept 15 (Reuters) - James Bullard, the former president of the Federal Reserve Bank ...
Tue, Sep 16
US, China reach framework deal on TikTok; Trump and Xi to speak on Friday
Bessent says deal would address US security concerns but keep 'Chinese characteristics' of TikTokBessent says Trump and Chinese President Xi to hold a call on Friday Other details of possible deal unclear at this pointUS used Trump-Xi summit as leverage for TikTok deal, source saysBy David L...
Tue, Sep 16
Alphabet enters $3 trillion market cap club as Big Tech's AI momentum builds
Alphabet up 32% YTD, leading gains among "Magnificent 7" stocksStock trades at 23x earnings vs 5-year average of 22 By Johann M Cherian and Shashwat Chauhan Sept 15 (Reuters) - Google parent Alphabet GOOGL.O hit a market capitalization of $3 trillion for the first time on Monday, riding o...
Tue, Sep 16
Wall Street indexes end higher ahead of Fed meeting; Tesla and Alphabet rally
S&P up 0.47%, Nasdaq up 0.94%, Dow up 0.11%Alphabet hits $3 trillion in market value for first timeNvidia slips after China's anti-monopoly investigation Tesla gains as CEO Musk buys shares worth $1 billionBy Abigail Summerville and Ragini MathurSept 15 (Reuters) - The three major U.S. stock...
Tue, Sep 16
Japan's Nikkei ends at record high as chip-related shares gain on Wall Street boost
By Junko FujitaTOKYO, Sept 12 (Reuters) - Japan's Nikkei share average ended at a closing high for a third straight session on Friday, as chip-related stocks tracked Wall Street's strong finish overnight.The Nikkei .N225 rose 0.89% to 44,768.12, after gaining as much as 1.16% to a record int...
Tue, Sep 16
