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SoftBank's OpenAI wager in focus as analysts upgrade share price target
TOKYO, Nov 11 (Reuters) - Technology investor SoftBank Group 9984.T reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring.But SoftBank's belief in AI comes with risks amid growing...Reuters
Tue, Nov 11
CoreWeave flags hit from data center delay, shares fall
Nov 10 (Reuters) - Nvidia-backed CoreWeave CRWV.O trimmed annual revenue forecast on Monday, hurt by a delay at a third-party data center partner, taking the shine off a strong September quarter driven by burgeoning demand for AI cloud services.Reuters
Tue, Nov 11
Intel CEO to oversee its AI efforts after executive departs for OpenAI
SAN FRANCISCO, Nov 10 (Reuters) - Intel INTC.O said on Monday its CEO Lip-Bu Tan would oversee the chipmaker's artificial intelligence efforts after the firm's chief technology officer departed for ChatGPT maker OpenAI.Sachin Katti, who has led Intel&#...
Reuters
Tue, Nov 11
Oil settles higher as tight fuel markets offset crude supply concerns
Fuel prices gain on refinery outages, Russian supply disruptionsCrude oil oversupply concerns persist on rising outputUS Senate advances bill to end federal shutdownFlight delays, cancellations in the US accelerateBy Shariq Khan NEW YORK, Nov 10 (Reuters) - Oil prices settled higher on Monday as ...Reuters
Mon, Nov 10
Japan's Nikkei rises more than 1% as US Senate moves to end shutdown
TOKYO, Nov 10 (Reuters) - Japan's Nikkei share average rose more than 1% on Monday, tracking gains in U.S. stock futures on hopes that the historic U.S. government shutdown may end soon.The Nikkei .N225 climbed 1.26% to close at 50,911.76. The broader Topix .TOPX rose 0.56% to...Reuters
Mon, Nov 10
Economic Adviser to Japan's Takaichi: It would be quite risky for BoJ to raise rates in December
Takuji Aida, an economic adviser to Japan’s Prime Minister (PM) Sanae Takaichi, warned on Monday, “it would be quite risky for the Bank of Japan (BoJ) to raise interest rates in December."
Fxstreet
Mon, Nov 10
Dollar weakens on hopes US shutdown is near an end
U.S. Senate prepares vote to fund government through JanuaryDollar had weakened during previous three sessionsYen slips on signs Takaichi government may water down fiscal consolidationBy Gregor Stuart Hunter SINGAPORE, Nov 10 (Reuters) - The U.S. dollar softened on Monday as signs the federal gov...Reuters
Mon, Nov 10
NZD/USD trades above 0.5600 after rebounding from seven-month lows
NZD/USD rebounds after reaching a seven-month low of 0.5605 in the previous session, trading around 0.5630 during the Asian hours on Monday. The pair receives support after the release of positive data from China, New Zealand's top trading partner.
Fxstreet
Mon, Nov 10
Japan's Nikkei rises on hopes US shutdown may end soon
TOKYO, Nov 10 (Reuters) - Japan's Nikkei share average rose on Monday, tracking gains in U.S. stock futures as hopes grew that the historic U.S. government shutdown may end soon.The Nikkei .N225 climbed 0.9% to 50,728.56 by 0143 GMT. The broader Topix .TOPX edged up 0.17% to 3...Reuters
Mon, Nov 10
Wall St Week Ahead-Investors watching US economic signs as market pulls back, tech teeters
NEW YORK, Nov 7 (Reuters) - Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs.Reuters
Mon, Nov 10
Pfizer wins $10 billion bidding war for Metsera as Novo Nordisk exits
NEW YORK/LONDON, Nov 8 (Reuters) - U.S. drugmaker Pfizer has PFE.N clinched a $10 billion deal for obesity drug developer Metsera MTSR.O, capping a fierce biotech bidding war between the New York-based pharma giant and Danish rival Novo Nordisk NOVOb.CO.
Reuters
Mon, Nov 10
China grants exemptions to export curbs on Nexperia chips for civilian use
BEIJING, Nov 9 (Reuters) - China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday in a move that will help to relieve supply shortages for carmakers and automotive suppliers. The announcement is the str...Reuters
Mon, Nov 10
US shutdown end in sight as Democrats agree to funding deal — Bloomberg
The record-breaking US government shutdown is nearing an end after a group of centrist Senate Democrats agreed to support a deal to reopen the government and fund some departments and agencies for the next year, Bloomberg reported on Monday.Fxstreet
Mon, Nov 10
