News
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ROI-IEA’s bullish oil outlook is a nod to Trump, wake-up call for world
The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy.Reuters
Wed, Nov 12
Dollar tentative as traders mull December Fed cut on weakening US jobs market
The dollar nursed losses on Wednesday after private-sector U.S. jobs data stoked worries about labour market weakness, with investors also bracing for an imminent U.S. government reopening that is expected to unleash a backlog of economic releases.Reuters
Wed, Nov 12
Meta chief AI scientist Yann LeCun plans to exit to launch startup, FT reports
Nov 11 (Reuters) - Meta's META.O chief artificial intelligence scientist Yann LeCun is planning to leave the social media company to set up his own startup, the Financial Times reported on Tuesday, citing people familiar with the matter.Deep-learning pioneer LeCun is also in early talks to raise...
Reuters
Wed, Nov 12
SoftBank's $5.8 billion Nvidia stake sale stirs fresh AI bubble fears
Nov 11 (Reuters) - SoftBank Group's $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller.Reuters
Wed, Nov 12
US lost jobs through late October, new private-sector data shows
WASHINGTON, Nov 11 (Reuters) - U.S. firms were shedding more than 11,000 jobs a week through late October, payroll processor ADP said on Tuesday in its latest real-time estimate of job market trends.Though an ADP report last week estimated the U.S. overall added 42,000 jobs in...Reuters
Wed, Nov 12
Google to invest $6.4 billion in cloud infrastructure in Germany
BERLIN, Nov 11 (Reuters) - Alphabet's Google GOOGL.O will invest 5.5 billion euros ($6.41 billion) in Germany in the coming years in a push to expand its infrastructure and data centre capacity in Europe's largest economy, company and government officials said on Tuesday.
Reuters
Wed, Nov 12
FTSE 100 closes at record high on rate cut bets; AstraZeneca shines
Nov 11 (Reuters) - Britain's FTSE 100 closed at a record high for the second straight session on Tuesday, as weak UK labour market data boosted hopes for Bank of England rate cuts and drugmaker AstraZeneca hit an all-time high.Reuters
Wed, Nov 12
US House returns to Washington for vote to end government shutdown
WASHINGTON, Nov 11 (Reuters) - Members of the House of Representatives headed back to Washington on Tuesday, after a 53-day break, braving the congestion at the nation's tangled airports for a vote that could bring the longest U.S. government shutdown in history to a close.Reuters
Wed, Nov 12
Dow notches record high close, traders bet on end to government shutdown
Nov 11 (Reuters) - The Dow Jones Industrial Average surged to a record high close on Tuesday, lifted by progress toward ending the longest U.S. government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations.Reuters
Wed, Nov 12
US bank regulators move to finalize Treasuries-linked capital plan, Bloomberg News reports
Nov 11 (Reuters) - U.S. regulators have agreed on the terms to ease a set of capital requirements that could potentially allow banks to hold more Treasuries, Bloomberg News reported on Tuesday, citing people familiar with the matter.Officials from the Federal Reserve and other agencies recently submReuters
Wed, Nov 12
AMD expects profit to triple by 2030, data center chip market to grow to $1 trillion
NEW YORK, Nov 11 (Reuters) - Advanced Micro Devices AMD.O said on Tuesday that it expected annual data center chip revenue of $100 billion within the next five years, and its earnings to more than triple.
Reuters
Wed, Nov 12
Oil up as investors balance sanctions risks, oversupply worries
Lukoil declares force majeure at Iraqi oilfield amid sanctionsU.S. government shutdown resolution boosts demand expectationsSaudi Arabia, Iraq, Kuwait to supply more oil to IndiaBy Nicole Jao NEW YORK, Nov 11 (Reuters) - Oil prices gained about $1 on Tuesday on the impact of the latest U.S. sanct...Reuters
Tue, Nov 11
ANALYSIS-Stock market hits speed bump but investors stay on bullish path
Investors view market decline as pause after rally, not deeper unravelingVolatility seen as normal, driven by profit-taking, not fundamental shiftU.S. economy's strength supports risk-taking, argues against market crashBy Saqib Iqbal Ahmed and Laura Matthews NEW YORK, Nov 9 (Reuters) - The st...Reuters
Tue, Nov 11
SoftBank Sells Its Entire Stake in Nvidia for $5.83 Billion
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.83 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence.The Tokyo-based company had raised its stake in Nvidia to about $3 billion by thTiger News
Tue, Nov 11
Sony raises profit forecast by 8%, cites lower tariff impact, anime strength
Sony cites success of 'Demon Slayer' movie Sony sold 3.9 million PlayStation 5 units in Q2 Firm to spend up to 100 billion yen to buy back sharesShares jump 5.5% following announcementBy Sam NusseyTOKYO, Nov 11 (Reuters) - Sony 6758.T raised its operating profit forecast for the year ending ...Reuters
Tue, Nov 11
Soybeans ease after rally, market awaits Chinese purchases
Chicago soybeans fell for the first time in three sessions on Tuesday, as the market came under pressure amid a lack of large-scale purchases by China, the world's biggest importer of the oilseed, despite earlier announcements from U.S. officials.Reuters
Tue, Nov 11
China devises plan to keep US military from getting its rare-earth magnets
China plans to ease the flow of rare earths and other restricted materials to the U.S. via a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals for other firms, the Wall Street Journal reported on Monday, citing people familiar with the matter.Reuters
Tue, Nov 11
