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Oil edges lower as traders weigh rate cut with worries over US economy
Brent, WTI both down for a second day of declineFed rate cut of a quarter point already priced in, analyst saysMarket clouded by rising supply, US demand concerns By Anna Hirtenstein LONDON, Sept 18 (Reuters) - Oil prices edged lower on Thursday, after the Federal Reserve cut interest rates and t...Reuters
8 minutes ago
Hyundai Motor to ramp up US output, trims profit margin goal on tariff hit
By Heekyong Yang and Joyce LeeSEOUL, Sept 18 (Reuters) - Hyundai Motor 005380.KS said on Thursday it aims to produce more than 80% of the vehicles it sells in the U.S. in America by 2030 in response to U.S. tariff policies, as the South Korean automaker ramps up capacity at its Georgia plant. The auReuters
23 minutes ago
China's Huawei hypes up chip and computing power plans in fresh challenge to Nvidia
SHANGHAI, Sept 18 (Reuters) - Huawei outlined its long-term chip plans for the first time on Thursday and said it would launch some of the world's most powerful computing systems - underscoring China's drive to wean itself off foreign semiconductor suppliers like Nvidia NVDA.O.Reuters
24 minutes ago
No More Needles? Novo’s Oral Weight-Loss Pill Matches Wegovy Injection for the First Time
TradingKey - Novo Nordisk has released data showing its Wegovy pill achieves weight loss on par with the injection for the first time. Meanwhile, Eli Lilly’s orforglipron, an oral GLP-1 tablet, is expected to gain approval by year-end and launch in 2026 — signaling a potential end to the injection
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28 minutes ago
Lyft Integrates Waymo’s Robotaxi Fleet — Autonomous Driving Competition Heats Up
TradingKey - Ride-hailing platform Lyft (LYFT.US) announced a partnership with Waymo, the autonomous driving unit of Google’s parent company Alphabet, to launch a robotaxi service in Nashville, Tennessee, by 2026. The move directly challenges rival Uber’s leadership in the self-driving space.
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an hour ago
Meta Unveils First Display-Capable AI Glasses at Connect 2025, Pioneering New Wearable Tech Race
TradingKey - On Wednesday, Eastern Time, Meta CEO Mark Zuckerberg unveiled the company's major breakthrough in artificial intelligence hardware at the annual Connect conference: Meta Ray-Ban Display, the first consumer-ready AI smart glasses featuring an integrated display.
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2 hours ago
China Moves to End Google Antitrust Probe while Targeting Nvidia: A Signal to Washington?
TradingKey - Sources say China is planning to terminate its antitrust investigation into Google, shifting regulatory focus squarely onto chip giant Nvidia. Beijing’s strategy of using the “blockade of Nvidia” as leverage to strengthen its bargaining position is becoming increasingly evident.
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3 hours ago
Trump’s AI And Crypto Czar Under New Investigation By Senator Warren
Venture capitalist David Sacks, appointed by President Donald Trump as the administration’s artificial intelligence (AI) and crypto czar, is facing increased scrutiny from Democratic lawmakers regarding his tenure in the White House.Bitcoinist
3 hours ago
Panasonic aims to develop groundbreaking EV battery in about two years
Sept 18 (Reuters) - Panasonic 6752.T aims to develop a new type of higher-capacity battery in about two years, potentially extending the driving range of electric vehicles in a groundbreaking advance for the Tesla TSLA.O supplier.Reuters
3 hours ago
SoftBank, OpenAI Japan AI joint venture is delayed, source says
By Yusuke OgawaTOKYO, Sept 18 (Reuters) - SoftBank's 9984.T plans to set up a joint venture with OpenAI to bring artificial intelligence services to corporate customers in Japan are significantly behind schedule, according to a source familiar with the matter. The joint venture was supposed to ...Reuters
3 hours ago
Candy maker Mars plans $1.2 billion investment to boost EU operations
Sept 18 (Reuters) - Mars, the maker of M&M's and Skittles, said on Thursday it will invest 1 billion euros ($1.18 billion) in its European Union operations by the end of 2026 to boost manufacturing, sustainability and innovation pipeline in the region.The new investment builds on more than 1...Reuters
3 hours ago
Hong Kong central bank cuts interest rate, tracking Fed; banks follow
HONG KONG, Sept 18 (Reuters) - Hong Kong's central bank on Thursday lowered its base interest rate by 25 basis points to 4.50%, tracking a cut by the U.S. Federal Reserve.It was the first easing by the Hong Kong Monetary Authority since a 25 basis point cut last December. The rate is charged via...Reuters
5 hours ago
