News
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Oil settles lower as investors brace for possible OPEC+ output hike
OPEC+ plans larger increase to output in November, sources sayIraq's Kurdistan crude oil flows via Turkey resume Netanyahu supports US-backed Gaza peace proposalUS crude stocks fall, fuel inventories rise, API data showBy Georgina McCartney HOUSTON, Sept 30 (Reuters) - Oil prices settled lowe...Reuters
Tue, Sep 30
Exxon to cut 2,000 jobs in restructuring hitting Canada and EU
Exxon restructuring affects 3-4% of global workforceNo US job cuts planned, half in Canadian unit Imperial OilOil price slump prompts industry-wide job cuts, efficiency measuresBy Sheila Dang and Vallari Srivastava HOUSTON, Sept 30 (Reuters) - Top U.S. oil major Exxon Mobil XOM.N said on Tue...Reuters
Tue, Sep 30
AI Boosts US Stocks, but Grocery Delivery is Amazon's Growth Bet
TradingKey - This year, AI has been a key driver of growth in the US stock market, but it hasn't significantly boosted Amazon's stock price. According to analysis by Morningstar, Amazon's primary growth engine stems from its grocery delivery business.
TradingKey
Tue, Sep 30
Trump visa curbs push U.S. firms to consider shifting more work to India
BENGALURU/HYDERABAD, Sept 30 (Reuters) - Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say.Reuters
Tue, Sep 30
Caution sets in as US government shutdown looms
European stocks, US stock futures lowerOil prices fall on expected OPEC+ production increaseGold falls from record highs, set for best month since 2020By Dhara Ranasinghe LONDON, Sept 30 (Reuters) - A note of caution took hold of world markets on Tuesday, with the dollar and equities slipping and...Reuters
Tue, Sep 30
Trump Advocates CBD for Medicare Inclusion, Igniting Cannabis Stock Surge; Tilray Brands Soars 60%
TradingKey - On Monday, September 29th, Donald Trump posted a video on Truth Social endorsing the health benefits of cannabidiol (CBD) for seniors and advocating for its inclusion in Medicare coverage. This announcement sent U.S. cannabis stocks soaring.
Citigroup forecasts Big Tech's AI spending to cross $2.8 trillion by 2029
Sept 30 (Reuters) - Citigroup has raised its forecast for AI-related infrastructure spending by tech giants to surpass $2.8 trillion through 2029, from $2.3 trillion estimated earlier, citing aggressive early investments by hyperscalers and growing enterprise appetite.Reuters
Tue, Sep 30
Fed's Jefferson says he has not thought about whether to stay on as governor after vice chair term ends
Sept 30 (Reuters) - U.S. Federal Reserve vice chair Philip Jefferson said on Tuesday he has not given thought yet to whether he will keep his seat on the Fed's Board of Governors after his vice chair term ends in September 2027.Reuters
Tue, Sep 30
QuantumScape Surges Nearly 7% on Corning Partnership for Solid-State Battery Technology
QuantumScape Corporation saw its stock soar 6/8% in pre-market trading on Tuesday, following the announcement of a strategic partnership with Corning Incorporated. The collaboration aims to develop and commercialize ceramic separators for QuantumScape's next-generation solid-state batteries, marking...Tiger News
Tue, Sep 30
EA’s $55 Billion Going-Private Deal Faces Skepticism from Wall Street on Timing
TradingKey - Recently, video game giant Electronic Arts (EA) announced plans to go private at a valuation of approximately $55 billion. The news continued to lift the stock, with EA shares rising another 4.5% on Monday (U.S. Eastern Time).
TradingKey
Tue, Sep 30
China-BHP Tensions Mount as State-run CMRG Moves to Block All BHP Iron Ore Shipments
TradingKey - Amid a breakdown in long-term contract negotiations, China has escalated its pressure on BHP Group, Australia’s largest company and the world’s biggest mining firm, imposing a sweeping restriction: halting all new purchases of BHP iron ore shipments.
TradingKey
Tue, Sep 30
Riding the Gold Bull Market, Zijin Gold International Soars 66% on IPO Day
TradingKey - Zijin Gold International, the overseas gold asset platform of China’s largest mining company Zijin Mining, made its debut on the Hong Kong Stock Exchange on September 30. As of this report, its shares had surged 66% to HK$119, pushing its market capitalization to HK$300 billionTradingKey
Tue, Sep 30
Robinhood’s Prediction Market Boom Sends Stock Soaring Over 12% in a Single Day
TradingKey - Robinhood (HOOD.US) CEO Vladimir Tenev announced on social platform X that cumulative trading volume on the company’s prediction markets has surpassed 4 billion contracts. This surge in activity propelled Robinhood’s shares up more than 12% on Monday
TradingKey
Tue, Sep 30
