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Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
By Juby BabuSept 9 (Reuters) - Oracle ORCL.N said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up 27% after the bell. The ...
Wed, Sep 10
EU secured best possible trade deal with US, says EU chief
STRASBOURG, Sept 10 (Reuters) - The European Union got the best trade deal available with the United States and secured EU businesses an advantage over many foreign rivals, the head of the European Commission said on Wednesday."We ensured that Europe got the best possible deal out there. We have...
Wed, Sep 10
Exxon expects EU to sign long-term US gas deals, FT reports
Sept 10 (Reuters) - ExxonMobil XOM.N expects the European Union to sign multi-decade U.S. gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday.The EU in July pledged to buy $750 billion of U.S. energy by 2028 as part of a sweeping tr...
Wed, Sep 10
Asia stocks gain, bonds fall as traders consider odds of bigger Fed cut
Market sees 8.4% odds of half-point Fed cut on September 17Asian traders take cues from Wall Street's rise to new recordUS PPI, CPI figures this week to give final clues on Fed moveBy Kevin Buckland TOKYO, Sept 10 (Reuters) - Asian stocks tracked Wall Street higher on Wednesday and safe-haven...
Wed, Sep 10
Google scraps some cloud data transfer fees in EU and UK
LONDON, Sept 10 (Reuters) - Google GOOGL.O said on Wednesday it had scrapped data transfer fees for organisations processing workloads "in parallel" across two or more cloud platforms in the European Union and Britain ahead of the EU Data Act coming into effect on Friday.Regulators in the EU...
Wed, Sep 10
Lithium miners slide worldwide as CATL seen resuming China mine
Sept 10 (Reuters) - Shares of global lithium producers fell on Wednesday after Chinese state media reported that battery major Contemporary Amperex Technology's (CATL) 300750.SZ shuttered Yichun mine is likely to resume production sooner than previously indicated.
Wed, Sep 10
US payrolls benchmark revision estimate suggests labor market weaker than previously thought
Revision estimate comes days after weak August nonfarm payrollsJob growth was stalling before Trump's tariffs, estimate showsBLS revision estimate linked to birth-death model problemsBy Lucia Mutikani WASHINGTON, Sept 9 (Reuters) - The U.S. economy likely created 911,000 fewer jobs in the 12 ...
Wed, Sep 10
US Supreme Court to decide legality of Trump's tariffs
Trade court said Trump exceeded powers with tariffs Administration called decision judicial overreach Trump cited longstanding trade deficit as an emergencyBy Andrew Chung Sept 9 (Reuters) - The U.S. Supreme Court agreed on Tuesday to decide the legality of Donald Trump's sweeping global tari...
Wed, Sep 10
[Reuters Analysis] Fed rate cut now signals 3% inflation is the new 2%: McGeever
By Jamie McGeeverORLANDO, Florida, Sept 9 (Reuters) - The Federal Reserve is widely expected to cut interest rates next week even though inflation is still around 3%, a full percentage point above the official goal. This raises an uncomfortable question: is the central bank's 2% inflation target...
Wed, Sep 10
Gold scales record peak on Fed rate-cut bets, US inflation data in focus
Gold hits record high at $3,673.95/ozTraders see a 92% chance of a 25-bp rate cut in Sept, shows CMEFedWatchUS PPI data due on WednesdayBy Anushree Mukherjee and Sarah Qureshi Sept 9 (Reuters) - Gold continued its record rally on Tuesday, buoyed by expectations of an imminent September U.S. inter
Wed, Sep 10
Israel attacks Hamas leaders in Qatar, Trump says he's 'very unhappy' about strike
Adds Trump commentsQatar calls Israel treacherousHamas leader's son killed in Israeli attackUS feels badly about location of attack, Trump saysTrump spoke to Israeli leader afterwardsIsraeli operation could undermine Gaza ceasefire effortsBy Andrew Mills, Jana Choukeir, Ahmed Elimam and Jeff Mas...
Wed, Sep 10
Klarna raises $1.37 billion in US IPO, boosting fintech hopefuls
By Ateev Bhandari and Harshita Meenaktshi Sept 9 (Reuters) - Buy-now, pay-later lender Klarna said on Tuesday it has raised $1.37 billion in its U.S. initial public offering, setting the stage for a market debut that could set the trend for high-growth fintech listings.The Sequoia Capital-backed
Wed, Sep 10
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Apple holds down new iPhone prices amid threats of Trump tariffs
Apple launches iPhone 17 with new A19 chip for better AI featuresIntroduces AirPods Pro 3 with live translation featureLaunches blood pressure monitor in its latest Apple WatchBy Stephen Nellis and Aditya Soni CUPERTINO, California, Sept 9 (Reuters) - Apple AAPL.O on Tuesday introduced an upgrade
Wed, Sep 10
Nebius Group hits record high as $17.4 billion Microsoft deal affirms expansion strategy
By Kritika LambaSept 9 (Reuters) - Nebius Group's NBIS.O shares jumped nearly 44% to $91.75 on Tuesday, touching a record high as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft MSFT.O over a five-year period.The agreement, which could expand to $19.4 billion if...
Tue, Sep 9
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Wall St set for subdued open in run-up to employment revision figures
Sept 9 (Reuters) - Wall Street futures pointed to a slightly higher open on Tuesday, a day after major U.S. indexes closed near record peaks, as investors remained cautious ahead of an impending employment rate revision.
Tue, Sep 9
Walmart to launch first stores in Africa by year-end
JOHANNESBURG, Sept 9 (Reuters) - U.S. retailer Walmart WMT.N will launch its first branded stores in South Africa this year, it said on Tuesday.
Tue, Sep 9
Stocks and dollar steady as traders eye key payrolls benchmark revision
SINGAPORE/LONDON, Sept 9 (Reuters) - Global stocks and the dollar steadied on Tuesday ahead of a key revision to U.S. payrolls numbers that could help shape investor thinking about the likely course of Federal Reserve policy, while gold hit a new record high.
Tue, Sep 9
'The party is over' as European carmakers face tariffs and a price war in China
MUNICH, Sept 9 (Reuters) - Whisper it quietly, but beneath the buzz of shiny new car models and bright lights at Europe's largest car show, the industry sector is worried that their party is over.
Tue, Sep 9
HSBC sees gradual unwinding of OPEC+ voluntary cuts over next year
Sept 9 (Reuters) - HSBC's latest oil market supply and demand model envisions OPEC+ gradually unwinding 1.65 million barrels per day in "first-phase" voluntary production cuts over a 12-month period, the bank said in a note on Tuesday.
Tue, Sep 9
Eli Lilly launches platform for AI-enabled drug discovery
Sept 9 (Reuters) - Drugmaker Eli Lilly LLY.N said on Tuesday it is launching an artificial intelligence and machine learning platform that provides biotech companies access to drug discovery models trained on years of Lilly's research data.
Tue, Sep 9
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