News
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China stocks down as Trump-Xi trade deal yields few surprises
China stocks end 0.7% lower after Trump-Xi meeting Analyst wary of structural issues between the two economiesSome concessions expected but rivalry will continueBy Jiaxing Li HONG KONG, Oct 30 (Reuters) - China shares pulled back from a decade high on Thursday as U.S. President Donald Trump and C...Reuters
Thu, Oct 30
Despite high expectations, Trump didn't discuss Nvidia's Blackwell chip with Xi
ABOARD AIR FORCE ONE/GYEONGJU, Oct 30 (Reuters) - U.S. President Donald Trump may have teased that he could discuss Nvidia's NVDA.O state-of-the-art artificial intelligence Blackwell chips with Chinese President Xi Jinping, but in the end, he said the topic didn't come up.Reuters
Thu, Oct 30
Shell third-quarter profit beats expectations at $5.4 billion
LONDON, Oct 30 (Reuters) - Shell's SHEL.L adjusted earnings, its definition of net profit, reached $5.4 billion in the third quarter, it said on Thursday, compared with an average estimate of $5.09 billion in a poll of analysts provided by the company and with $6.03 billion a year earlier.Reuters
Thu, Oct 30
Hyundai Motor retains earnings targets after US tariffs hit Q3 profit
Hyundai focuses on sales of high margin vehicles in U.S.Sticks to targets after Seoul and Washington agree trade dealTariffs on Korean auto imports to come down to 15% from 25%Hyundai shares close up 2.7% in SeoulBy Heekyong Yang and Hyunjoo Jin SEOUL, Oct 30 (Reuters) - South Korea's Hyu...Reuters
Thu, Oct 30
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
Thu, Oct 30
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
Thu, Oct 30
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
Thu, Oct 30
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
Thu, Oct 30
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
Thu, Oct 30
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
