Reuters
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Mixed share reaction to megacap earnings burst, Meta droops
Oct 29 (Reuters) - Shares in three of the "Magnificent Seven" companies with significant investments in artificial intelligence were mixed in after-hours trade on Wednesday after the mega caps released third quarter earnings.Shares in Google-parent Alphabet GOOGL.O rose 6.2% after the compan...
Thu, Oct 30
Trump announces trade breakthrough with South Korea on Asia trip
U.S. president makes final stop on five-day Asia tripHolds talks on trade, security with South Korean President Lee'Dramatic progress' helped break tariff impasse, Seoul saysTrump expects to cut China tariff related to illicit fentanyl tradeBy Trevor Hunnicutt, Jihoon Lee and Ju-min Park ...
Wed, Oct 29
CORRECTED-Trump again targets Fed's Powell on interest rate cuts
SEOUL, Oct 29 (Reuters) - U.S. President Donald Trump complained on Wednesday about the Federal Reserve, once again taking aim at central bank chief Jerome Powell for perceived delays in cutting interest rates."Jerome 'Too Late' Powell," Trump said in a speech in the South Korean cit...
Wed, Oct 29
UBS beats expectations as third-quarter profit soars to $2.5 billion
UBS UBSG.S said third-quarter net profit surged 74% to $2.5 billion, handily beating expectations as revenues climbed amid financial market volatility caused by global tariff turmoil.
Wed, Oct 29
Mercedes-Benz reports 70% fall in third-quarter operating profit
Mercedes MBGn.DE reported a 70% drop in operating profit in the third quarter, it said on Wednesday, as the cost of job cuts added to U.S. tariff woes and weak demand for the German luxury carmaker.
Wed, Oct 29
Stocks upbeat on AI optimism as investors gird for Fed, tech earnings
Asian shares got a lift from Wall Street on Wednesday thanks to a fresh wave of optimism over artificial intelligence, as investors braced for a busy day headlined by the Federal Reserve's decision and earnings from technology heavyweights.
Wed, Oct 29
Gold flat ahead of Fed verdict; trade optimism and firm dollar weigh
Gold prices were flat on Wednesday, ahead of a widely expected interest rate cut from the Federal Reserve, although expectations of a potential U.S.-China trade deal and a stronger dollar kept bullion near a three-week low.
Wed, Oct 29
Australian shares close at two-week low as inflation spike sinks rate cut hopes
Australian shares closed at their lowest level in two weeks on Wednesday as a spike in core inflation dashed hopes of a near-term interest rate cut, prompting a sell-off in banking and real estate stocks.
Wed, Oct 29
Trump says may speak to China's Xi about Nvidia's 'super-duper' Blackwell chip
ABOARD AIR FORCE ONE, Oct 29 (Reuters) - U.S. President Donald Trump said on Wednesday he will speak to Chinese President Xi Jinping about Nvidia's NVDA.O state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday.
Wed, Oct 29
China buys three US soybean cargoes ahead of Trump-Xi meeting, sources say
BEIJING/SINGAPORE, Oct 29 (Reuters) - China's state-owned COFCO bought three U.S. soybean cargoes this week, two trade sources said, the country's first purchases from this year's U.S. harvest ahead of this week's summit of leaders Donald Trump and Xi Jinping.
Wed, Oct 29
Nvidia-supplier SK Hynix bets on chip 'super cycle' after booking record profit
Strong sales of HBM and memory products underpin record profit All 2026 DRAM, HBM, NAND output sold out, company saysSK Hynix plans to supply HBM4 starting Q4 Shares jump 6%By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL, Oct 29 (Reuters) - South Korea's SK Hynix 000660.KS has sold out all ...
Wed, Oct 29
Tesla eyes internal CEO candidates if Musk steps down over pay vote, Bloomberg News reports
Oct 28 (Reuters) - Tesla TSLA.O is looking at internal CEO candidates if Elon Musk leaves in case the $1 trillion pay plan is not passed at the annual shareholder meeting next week, Bloomberg News reported on Tuesday, citing the automaker's board chair.Chair Robyn Denholm had urged shareholders ...
Wed, Oct 29
Lilly partners with Nvidia on AI supercomputer to speed up drug development
Oct 28 (Reuters) - Eli Lilly LLY.N said on Tuesday it was collaborating with Nvidia NVDA.O to build a supercomputer to help with drug discovery and shorten development cycles, getting medicines to people faster.Using the supercomputer, scientists at Lilly will be able to train AI models on millions
Wed, Oct 29
Microsoft, OpenAI reach deal removing fundraising constraints for ChatGPT maker
Oct 28 (Reuters) - Microsoft MSFT.O and OpenAI announced a restructuring deal on Tuesday that frees the ChatGPT maker to move away from its nonprofit roots and likely go public so it can finance CEO Sam Altman's ambitious plans to develop data centers and cutting-edge technology.
Wed, Oct 29
US revokes approval for 13 routes by Mexican airlines, citing competition issues
WASHINGTON, Oct 28 (Reuters) - The U.S. on Tuesday said it has revoked approval for 13 routes by Mexican carriers into the United States and canceled all combined passenger and cargo flights by Mexican airlines to the United States from Mexico City's Felipe Angeles Int...
Wed, Oct 29
Nvidia will build AI supercomputers for US Energy Department, wants to get back into China
WASHINGTON, Oct 28 (Reuters) - Nvidia NVDA.O CEO Jensen Huang came to Washington on Tuesday with a message for the Trump administration: the U.S. can win the AI battle if the world, including China's massive developer base, runs on Nvidia systems.
Wed, Oct 29
US soybeans set 15-month high on US-China trade deal hopes
CHICAGO, Oct 28 (Reuters) - Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both countries are expected to meet in South Korea on Thursday.
Wed, Oct 29
OpenAI sued for trademark infringement over Sora's 'Cameo' feature
Oct 28 (Reuters) - The maker of celebrity video platform Cameo sued OpenAI in a California federal court on Tuesday, arguing that the new "Cameo" feature of OpenAI's Sora video generation app violates its trademark rights.Cameo said in the complaint that OpenAI's...
Wed, Oct 29
US, Japan leaders sign rare earths, nuclear power deal ahead of Trump-Xi meeting
China expands curbs on rare earthsRare earths, critical minerals are key electronic componentsEssential for items from cars to fighter jets Japanese companies could be involved in cooperation with U.S. on new-generation nuclear power, factsheet shows Japan's new PM Takaichi favors nuclear power ...
Tue, Oct 28
US Treasury's Bessent calls for 'sound' monetary policy in Japan
Bessent calls on BOJ to anchor inflation expectationsSays Japan's economy different from when Abenomics deployedRemarks echo Bessent's past calls for higher BOJ ratesJapan's Katayama says Bessent wasn't prodding BOJ to hike ratesMarkets expect BOJ to keep rates steady this weekBy Lei...
Tue, Oct 28
