News
Important Only
US government shutdown would halt September jobs report, other data
WASHINGTON, Sept 29 (Reuters) - The U.S. Labor and Commerce departments said on Monday that their statistics agencies would halt economic data releases in the event of a partial government shutdown, including closely watched employment data for September, construction spending and possibly internatiReuters
Tue, Sep 30
Trump administration's shutdown plans trickle in as deadline nears
WASHINGTON, Sept 29 (Reuters) - President Donald Trump's administration started detailing its plans on Monday for which services it will pause if the federal government shuts down this week, with the U.S. health department slated to furlough 41% of its workforce.Reuters
Tue, Sep 30
US holiday package deliveries to rise 5% from 2024, ShipMatrix forecasts
LOS ANGELES, Sept 29 (Reuters) - U.S. delivery companies are on track to handle 2.3 billion packages this holiday season, 5% more than last year, as an extra shopping day helps offset the drag from President Donald Trump's tariff policies, according to a forecast released on Monday.Reuters
Tue, Sep 30
Amazon, Apple win dismissal of US consumer lawsuit over iPhone prices
Sept 29 (Reuters) - Apple AAPL.O and Amazon AMZN.O won a ruling on Monday dismissing a consumer antitrust lawsuit in Seattle federal court that accused them of conspiring to inflate prices of iPhones and iPads sold on Amazon’s platform.
Reuters
Tue, Sep 30
YouTube to pay $24.5 million to settle Trump account suspension suit
Sept 29 (Reuters) - Alphabet-owned GOOGL.O YouTube has agreed to pay $24.5 million to settle a lawsuit that U.S. President Donald Trump brought against the company over the suspension of his account following the January 2021 U.S. Capitol riots, a court filing showed on Monday.Reuters
Tue, Sep 30
Oil prices drop 3% as OPEC+ plans for oil output hike
Kurdistan crude oil flows to Turkey resume after 2-1/2 year haltOPEC+ plans another increase to output in November, sources sayLosses follow strong weekly gains for Brent and WTI benchmarksBy Arathy Somasekhar HOUSTON, Sept 29 (Reuters) - Oil prices settled 3% lower on Monday as OPEC+ plans for a...Reuters
Mon, Sep 29
TotalEnergies' capex cuts fail to ease investor debt concerns
Total to sell 50% of US solar portfolio for $950 millionBuys 49% of upstream US gas assets for undisclosed sumCEO under pressure to lower 18% net debt-to-equity ratioWill cut capex by $1 billion annually through 2030By America Hernandez Sept 29 (Reuters) - TotalEnergies' TTEF.PA plan to cut a...Reuters
Mon, Sep 29
Cannabis stocks surge after Trump endorses cannabidiol for senior healthcare
By Johann M Cherian Sept 29 (Reuters) - Shares of pot companies rose on Monday after U.S. President Donald Trump advocated the potential benefits from the use of cannabidiol in senior healthcare in a social media post.Trump had said last month his administration was looking to reclassify marijuan...Reuters
Mon, Sep 29
DeepSeek-V3.2-Exp Model Launches with 75% Price Cut; Huawei Cloud and Cambricon Integration Complete
TradingKey - On September 29, DeepSeek officially released its new model, DeepSeek-V3.2-Exp, and announced a significant reduction in its official API pricing, effective immediately.TradingKey
Mon, Sep 29
Lufthansa to cut 4,000 jobs, raises profitability targets
Job cuts will be mainly in GermanyPilots' union votes on strike actionLufthansa holding first company-wide capital markets day in six yearsShares rise 2%By Joanna Plucinska and Ilona Wissenbach MUNICH/FRANKFURT, Sept 29 (Reuters) - Lufthansa LHAG.DE will cut 4,000 administrative jobs by 2030 ...Reuters
Mon, Sep 29
Trump touts a boom in US auto plant construction, but carmakers' actions tell a different story
Sept 29 (Reuters) - President Donald Trump frequently describes a booming U.S. auto industry, fueled by new factories from Canada, Mexico and Europe that he says will soon be producing American-made vehicles for global markets - from Tokyo to Paris.Reuters
Mon, Sep 29
Fed's Miran sees Trump economic overhaul driving down rates, others see a risky bet
Miran sees neutral rate in decline due to Trump policiesFast cuts could carry their own risksMany models of neutral, with Miran's views also including a wide rangeBy Howard Schneider WASHINGTON, Sept 29 (Reuters) - New Federal Reserve Governor Stephen Miran's call for big interest rate cu...Reuters
Mon, Sep 29
DeepSeek releases model it calls 'intermediate step' towards 'next-generation architecture'
BEIJING, Sept 29 (Reuters) - Chinese AI developer DeepSeek has released its latest model which it said was an "experimental release" that was more efficient to train and better at processing long sequences of text than previous iterations.The Hangzhou-based company called DeepSeek-V3.2-Exp a...Reuters
Mon, Sep 29
