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Trump says US to cut fentanyl tariff to 10% after talks with China's Xi
ABOARD AIR FORCE ONE, Oct 30 (Reuters) - U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods imposed as a punishment over the flow of fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea.Xi will work "ve...Reuters
18 hours ago
Asia stocks sink as Trump and Xi make a deal, BOJ holds
SINGAPORE, Oct 30 (Reuters) - Asian stocks veered between gains and losses on Thursday after U.S. President Donald Trump said he had made a deal with Chinese President Xi Jinping on rare earths and tariffs, while the yen weakened after the Bank of Japan kept interest rates on hold.Reuters
20 hours ago
Samsung beefs up advanced chip output after memory chip sales hit record high
Q3 chip profit up 80% to highest in over three yearsLatest HBM chips go to 'all' customers, suggesting Nvidia supplyChip shortage expected to persist into next year, Samsung saysSamsung shares rise as much as 5.3% By Hyunjoo Jin, Heekyong Yang and Joyce Lee SEOUL, Oct 30 (Reuters) - Samsu...Reuters
22 hours ago
Microsoft Azure's services restored after global outage
Azure outage affected global industries, including airlines and airportsMicrosoft 365 services impacted by Azure configuration changeOutage follows recent Amazon AWS disruption, highlighting tech vulnerabilities Oct 29 (Reuters) - Microsoft MSFT.O said late on Wednesday it had resolved an outage ...Reuters
22 hours ago
Global automakers face production crunch as Nexperia chip shortages worsen
Automobile manufacturers are increasingly concerned about a shortage of basic microchips, resulting in production delays. According to reliable sources, the issue began this week at Honda’s factories in North America and is anticipated to impact other carmakers globally.Cryptopolitan
23 hours ago
Starbucks sales rebound globally, coffee prices bite margins
US sales flat, store visits fellMargins hit by rising coffee prices, tariffs, investment costsChina sales rise 2%, facing competition from local chainsBy Juveria Tabassum and Waylon Cunningham Oct 29 (Reuters) - Starbucks SBUX.O posted its first quarter of gains in comparable sales after nearly a...Reuters
Thu, Oct 30
EXCLUSIVE-OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation
SAN FRANCISCO, Oct 29 - OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time.Reuters
Thu, Oct 30
Dow ends down, S&P 500 flat as Powell says December rate cut far from assured
NEW YORK, Oct 29 (Reuters) - The Dow ended lower and the S&P 500 finished flat on Wednesday after the Federal Reserve cut interest rates but Fed Chair Jerome Powell said another rate cut in December is far from assured.Reuters
Thu, Oct 30
US faces $14B economic hit as government shutdown drags
The economic toll on the US continues to grow as the government shutdown persists. The standoff, according to a new analysis from the Congressional Budget Office (CBO), could result in a decline in national economic output of between $7 billion and $14 billion.Cryptopolitan
Thu, Oct 30
Microsoft's massive AI spending draws investor concerns as cloud business booms
Capex surges to record in Q1, expected to be higher for the yearAzure cloud business grew 40% in Q1, surpassing estimatesShares drop in extended tradingBy Aditya Soni and Deborah Mary Sophia Oct 29 (Reuters) - Microsoft's MSFT.O AI infrastructure spending to meet growing cloud services de...Reuters
Thu, Oct 30
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...Reuters
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 ...Reuters
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...Reuters
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.Reuters
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.Reuters
Wed, Oct 29
