News
Important Only
Japan's Kirin looks to sell Kentucky bourbon brand for $1 billion, FT reports
Oct 24 (Reuters) - Japanese brewer Kirin 2503.T has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported on Friday, citing people familiar with the matter.The company has been working with advisers from UBS UBSG.S to weigh interest from potential buyers ...Reuters
Fri, Oct 24
The Trump administration is moving to fast-track data center power hookups
The Trump administration is accelerating data center power hookups, reducing approval timelines from several years to just 60 days. Trump’s administration is pushing regulators to advance Trump’s AI and manufacturing goals.Cryptopolitan
Fri, Oct 24
Japan's Nikkei rises on tech boost, set for eighth weekly gain in nine
TOKYO, Oct 24 (Reuters) - Japan's Nikkei share average rose more than 1% on Friday, driven by index heavyweight tech stocks, and was poised for an eighth weekly gain in nine on expectations for fiscal dove Sanae Takaichi's new government.Reuters
Fri, Oct 24
China-linked battery company abandons plan to build Michigan plant, state says
WASHINGTON, Oct 23 (Reuters) - A subsidiary of Chinese battery company Gotion has abandoned a plan to build a $2.4 billion plant in Michigan to produce key materials for electric vehicle batteries, the state said on Thursday.Reuters
Fri, Oct 24
Japan's new premier pledges early boost to defence spending, 'proactive' fiscal moves
TOKYO, Oct 24 (Reuters) - Japan's new Prime Minister Sanae Takaichi pledged on Friday to accelerate a defence spending target by two years, as her government pursues proactive fiscal expansion on strategic priorities.Reuters
Fri, Oct 24
Intel's Stellar Q3: First Earnings Since CHIPS Act Funding Blow Away Estimates, Stock Surges 8% After Hours
TradingKey - Chip giant Intel released its first quarterly earnings report since the U.S. government became a shareholder, with core financial metrics comprehensively exceeding market expectations and achieving profitability for the first time since the end of 2023, providing strong evidence for...
TradingKey
Fri, Oct 24
Trump pardons convicted Binance founder 'CZ' Zhao
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange, the White House said Thursday, in the latest move by Trump to boost the crypto industry and expunge its past misdeeds.Reuters
Fri, Oct 24
Intel beats third-quarter profit estimates as cost cuts, investments pay off
Oct 23 (Reuters) - Intel INTC.O beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.Reuters
Fri, Oct 24
Anthropic to use Google's AI chips worth tens of billions to train Claude chatbot
Oct 23 (Reuters) - Anthropic is expanding its deal with Google to use as many as one million of the tech giant's artificial intelligence chips, worth tens of billions of dollars, as the startup races to advance its AI systems in the competitive market.Under the deal announced on Thursday, Anthro...Reuters
Fri, Oct 24
EU vows financial backing for Kyiv, holds off on frozen assets plan
BRUSSELS, Oct 23 (Reuters) - European Union leaders agreed on Thursday to meet Ukraine's "pressing financial needs" for the next two years but stopped short of endorsing a plan to use frozen Russian assets to fund a giant loan to Kyiv due to concerns raised by Belgium.Reuters
Fri, Oct 24
Putin defiant after Trump sanctions Russian oil companies over Ukraine
MOSCOW, Oct 23 (Reuters) - Russian President Vladimir Putin remained defiant on Thursday after U.S. President Donald Trump hit Russia's two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine, a move that pushed global oil prices up 5%.Reuters
Fri, Oct 24
Trump to meet Xi in South Korea as part of Asia swing
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump will meet Chinese President Xi Jinping next week as part of a trip to Asia, the White House said on Thursday, confirming the meeting which had been called into question following an escalation in trade tensions. White House press secretary KReuters
Fri, Oct 24
UK consumer sentiment rises to joint-highest since August 2024
LONDON, Oct 24 (Reuters) - British consumer sentiment rose in October to its joint-highest level since August 2024 as shoppers took advantage of sales promotions from Amazon and other retailers, figures from market research company GfK showed on Friday.GfK's monthly consumer sen...Reuters
Fri, Oct 24
Record $38 Billion Debt Sale Nears for Oracle-Tied Data Centers, Bloomberg Reports
Banks are preparing to launch a $38 billion debt offering as soon as Monday that will help fund data centers tied to Oracle in what would be the largest such deal for artificial intelligence infrastructure to come to market, according to people with knowledge of the matter,
Tiger News
Fri, Oct 24
Wall St Ends Higher; Quantum Computing Stocks Shine; Tesla Gains 2%; Beyond Meat Tumbles 21%
Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns. All three major U.S. stock indexes closed higher, with tech strength nudging the Nasdaq into the lead. But the small-cap Russell 2000 was the clear outperformer.Market SnapshoTiger News
Fri, Oct 24
Europe's STOXX 600 closes at record high on energy boost, earnings in focus
Energy stocks rise as US sanctions Russian suppliersLuxury stocks gain, travel and leisure stocks decline50% of STOXX 600 earnings beat estimates, below typical quarterBy Sukriti Gupta and Johann M Cherian Oct 23 (Reuters) - The STOXX 600 index closed at a record high on Thursday, led by gain...Reuters
Thu, Oct 23
Trump to quadruple Argentine beef imports while US ranchers fume
Plan angers U.S. ranchers fearing impact on domestic industryUSDA hopes to expand domestic cattle herd from 75-year lowAnalysts doubt significant consumer price drop from increased importsBy Jeff Mason, Tom Polansek and Leah Douglas WASHINGTON/CHICAGO, Oct 23 (Reuters) - U.S. President Donald Tru...Reuters
Thu, Oct 23
Blackstone teases deal flow, record assets as profit beats estimates
Profit jumped 48% to $1.89 billion, beating estimatesBlackstone sold $30 billion in investments, doubled PE earningsCredit and insurance arm drives inflows, boosts Shares fall 5%, extending year's lossesBy Arasu Kannagi Basil and Isla Binnie Oct 23 (Reuters) - Blackstone's BX.N pipeline f...Reuters
Thu, Oct 23
