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Oil prices settle down more than 2% after weak US jobs report
Crude down 2%, third consecutive session of lossesUS crude inventories rise by 2.4 million barrelsOPEC+ to consider further output hike on Sunday, sources sayBy Erwin Seba HOUSTON, Sept 5 (Reuters) - Oil prices fell on Friday as a weak U.S. jobs report dimmed the outlook for energy demand, while ...
Fri, Sep 5
Broadcom shares rally as $10 billion chip deal shows AI strategy paying off
By Rashika Singh and Arsheeya BajwaSept 5 (Reuters) - Broadcom shares AVGO.O jumped 15% on Friday after the chipmaker unveiled a blockbuster $10 billion AI chip order from a new customer, fueling optimism around its ability to benefit from the generative AI race. The deal solidifies the company'...
Fri, Sep 5
Orsted wins approval for emergency rights issue as Trump threatens US projects
Orsted shareholders back $9.4 billion rights issueGroup's two US projects at risk in Trump's war on wind powerS&P Global warns equity raise offers limited relief from credit pressuresOrsted's shares down 85% from 2021 peakBy Stine Jacobsen and Jacob Gronholt-Pedersen COPENHAGEN, S...
Fri, Sep 5
European stocks rise, yields ease, focus on US jobs data
PARIS, Sept 5 (Reuters) - European equities rose on Friday while long-dated bond yields eased, as expectations for U.S. rate cuts helped markets overcome concerns about fiscal deficits in various countries.
Fri, Sep 5
Qualcomm, BMW launch automated driving system to better compete in growing market
Sept 5 (Reuters) - U.S. chip company Qualcomm QCOM.O and German luxury automaker BMW BMWG.DE announced an automated driving system on Friday, which could help attract customers with new features like hands-free driving assistance.
Fri, Sep 5
London stocks edge higher led by industrials, banks; US jobs data in focus
Sept 5 (Reuters) - London shares nudged higher on Friday, led by gains in heavyweight banks and industrials, while investors assessed corporate updates and retail sales data.
Fri, Sep 5
European stocks rise, long-dated yields ease ahead of US jobs data
PARIS, Sept 5 (Reuters) - European equities rose in early trading on Friday while long-dated bond yields eased, as expectations for U.S. rate cuts helped markets overcome concerns about fiscal deficits in various countries.
Fri, Sep 5
Gold heads for best week in three months; US jobs data in focus
Sept 5 (Reuters) - Gold rose on Friday and headed for its best week in three months, supported by growing expectations of an interest rate cut by the Federal Reserve this month, as attention turns to the U.S. non-farm payrolls data due later in the day.
Fri, Sep 5
JGBs track US bonds higher; market cautious about super-long yields
TOKYO, Sept 5 (Reuters) - Japanese government bonds rose on Friday, tracking the climb in U.S. Treasury bonds following bets of a Federal Reserve rate cut in September, but the market remained cautious about domestic super-long bond yields.
Fri, Sep 5
Asian stocks track Wall Street higher, bond yields ease before US payrolls
U.S. stock futures point higher after S&P 500 notches record closeTreasury yields edge to four-month lows in Tokyo as traders lock in September Fed cut betsCrude oil slips for a third day as investors looks to weekend's OPEC+ meetingBy Kevin Buckland TOKYO, Sept 5 (Reuters) - Asian stocks...
Fri, Sep 5
UK retail sales up a higher-than-expected 0.6% in July
LONDON, Sept 5 (Reuters) - British retail sales volumes rose by a higher-than-expected 0.6% in July, leaving them up 1.1% on the year, official figures showed on Friday.Economists polled by Reuters had forecast a 0.2% monthly rise in sales volumes and a 1.3% increase compared with a year earlier.The
Fri, Sep 5
Trump signs order to bring lower Japanese auto tariffs into effect
Order cuts US tariffs on Japanese cars to 15% from 27.5%Order reiterates Japan will invest $550 billion in US projectsTrump says Japan pledges to buy more rice, other agricultural productsBy Andrea Shalal, David Shepardson and Tamiyuki Kihara WASHINGTON/TOKYO, Sept 4 (Reuters) - U.S. President D...
Fri, Sep 5
China stocks set for biggest weekly pullback in five months
By Jiaxing Li HONG KONG, Sept 5 (Reuters) - China's stocks steadied on Friday after steep losses in the previous session, but remained on course for their biggest weekly falls in five months as market participants took profits following a two-month rally.The Shanghai Composite Index .SSEC los...
Fri, Sep 5
Lululemon cuts forecasts, blames tariffs and product issues
Shares down 15% in extended tradeThe company sees a $240 million tariff impact on annual gross profitAnnual outlook includes impacts of higher tariffs, removal of de minimisQ2 revenue in line with expectations, profit beatStrong international sales overshadowed by US weaknessBy Neil J Kanatt Sept
Fri, Sep 5
Broadcom sees strong AI growth for fiscal 2026 on new customer addition
By Zaheer Kachwala Sept 4 (Reuters) - Broadcom AVGO.O expects artificial intelligence revenue growth for fiscal 2026 to "improve significantly", after securing more than $10 billion in AI infrastructure orders from a new customer, CEO Hock Tan said on Thursday.Tan, who was 73 as of Broadc...
Fri, Sep 5
Trump to host tech CEOs for first event in newly renovated Rose Garden
By Jarrett RenshawSept 3 (Reuters) - U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, according to a White House official. The guests include Meta META.O founder Mark Zuckerberg, Apple A
Fri, Sep 5
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Fed nominee Miran tells Senate panel he's 'not at all' Trump's puppet
Fed next meets to set policy September 16-17Miran if confirmed would serve at Fed through January 31'Are you a Donald Trump puppet?' Miran is asked by Republican KennedyTrump has made 'excellent calls' on policy, Miran saysBy Ann Saphir and Bo Erickson Sept 4 (Reuters) - Stephen M...
Fri, Sep 5
Oil prices ease on surprise build in US crude stockpiles, OPEC+ to consider output hike
US crude stocks rose unexpectedly last week, EIA and API dataOPEC+ to consider raising oil production further, sources sayOPEC+ meeting set for SundayUS economic data suggests potential Fed interest rate cutBy Scott DiSavino NEW YORK, Sept 4 (Reuters) - Oil prices eased about 1% to a two-week low...
Thu, Sep 4
US weekly jobless claims rise as labor market eases
WASHINGTON, Sept 4 (Reuters) - The number of Americans filing new applications for jobless benefits increased more than expected last week, consistent with softening labor market conditions.
Thu, Sep 4
Tesla's UK car sales rise in August despite broader auto dip, data shows
Sept 4 (Reuters) - Tesla's TSLA.O new-car sales in Britain rose in August from last year, data showed on Thursday, primarily driven by a growing electric vehicle market even as overall UK auto sales declined.
Thu, Sep 4
