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Revised Profit Forecast For United States Steel Corporation Due To High Market Uncertainties In The U.S
Nov 5 (Reuters) - Nippon Steel Corp 5401.T:NIPPON STEEL CORP - REVISED PROFIT FORECAST FOR UNITED STATES STEEL CORPORATION DUE TO HIGH MARKET UNCERTAINTIES IN THE U.SNIPPON STEEL CORP - EXPECT TO RECOGNIZE LOSSES ON REORGANIZATION ASSOCIATED WITH TRANSFER OF EQUITY INTERESTS IN USINAS SIDERÚRGICAS DReuters
Wed, Nov 5
Japan's Nikkei falls 2% to track Wall Street's sharp decline
TOKYO, Nov 5 (Reuters) - Japan's Nikkei share average fell more than 2% on Wednesday to touch a one-week low as high-flying technology stocks tracked Wall Street's sharp declines overnight. As of 0025 GMT, the Nikkei .N225 was down 2% at 50,463.01, hitting its lowest since last Wednesda...Reuters
Wed, Nov 5
Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters
NEW YORK, Nov 4 (Reuters) - U.S. stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations.Reuters
Wed, Nov 5
Lilly, Novo near White House deals to cut obesity drug prices, gain Medicare access, source says
Nov 4 (Reuters) - Eli Lilly LLY.N and Novo Nordisk NOVOb.CO are expected to announce deals with the Trump administration to cut prices of their weight-loss drugs in exchange for Medicare coverage, a White House source told Reuters on Tuesday.Patients in the U.S. currently pay the most for prescripti
Reuters
Wed, Nov 5
US Senate efforts to reopen government show frustration as deal proves elusive
WASHINGTON, Nov 4 (Reuters) - Bipartisan efforts in the U.S. Senate to reopen the federal government as early as this week gave way to fresh signs of frustration on Tuesday, even as Republicans and Democrats aired details of a possible path out of the five-week-old impasse.Reuters
Wed, Nov 5
Pinterest's weak revenue forecast signals intense competition for ad dollars
Nov 4 (Reuters) - Pinterest PINS.N forecast fourth-quarter revenue slightly below Wall Street estimates on Tuesday, signaling fierce competition from larger platforms such as Meta during the holiday season, sending its shares down over 20% in extended trading. The company expect...
Reuters
Wed, Nov 5
Super Micro misses quarterly estimates on delivery delays
Nov 4 (Reuters) - Super Micro Computer missed Wall Street estimates for quarterly profit and revenue on Tuesday, hit by a shift in delivery schedules for large artificial intelligence deals, sending the server maker's shares down more than 8% in extended trading.The company SMCI.O ha...
Reuters
Wed, Nov 5
US President Donald formalizes fentanyl, reciprocal tariff cuts in US-China deal
US President Donald Trump announced a cut to fentanyl-related tariffs on imports from China, lowering the rate from 20% to 10%, and the continued freeze of some of his reciprocal levies on Chinese goods, Bloomberg reported on late Tuesday.
Fxstreet
Wed, Nov 5
AMD beats Q3 revenue and EPS, but gross‑margin guidance merely meets expectations
AMD reported third‑quarter numbers that beat Wall Street estimates on both revenue and earnings per share, but the company’s gross‑margin outlook did not come in stronger than expectations. That was enough to push the stock lower in extended trading. The company said adjusted earnings per share came
Cryptopolitan
Wed, Nov 5
Bitcoin Price Slides Below $105K Amid $186M ETF Outflows
The Bitcoin price extended its decline on Tuesday, plunging below $103,700, its lowest level since June, as the crypto market faced one of the largest liquidation waves in weeks. Related Reading: Market Maker Balancer Compromised: Key Facts Behind The $128 Million Hack Data from Coinglass showed tha
Bitcoinist
Wed, Nov 5
Oil settles lower on stronger dollar, fears of oversupply
By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) - Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supp...Reuters
Tue, Nov 4
Starbucks to sell control of China business to Boyu, aims for rapid growth
Boyu Capital to hold up to 60% interest in joint ventureStarbucks' market share in China has fallen to 14% from 34%Competitors like Luckin offer lattes at a third of Starbucks pricesBy Kane Wu, Waylon Cunningham and Casey Hall Nov 4 (Reuters) - Starbucks SBUX.O said it would sell control of i...Reuters
Tue, Nov 4
Japan yet to achieve durable, wage-driven inflation, PM Takaichi says
Takaichi says hopes BOJ guides policy to stably hit price goalGovt will 'strategically' deploy spending to prop up economyRemarks may affect BOJ's decision on how soon to raise ratesGovernor Ueda scheduled to speak in Nagoya on December 1BOJ's next policy meeting on December 18-19By ...Reuters
Tue, Nov 4
Supreme Court cannot stop all of Trump's tariffs. Deal with it, officials say
Trump employs various legal authorities to impose tariffsIf emergency law disallowed, other tariff paths remainCountries negotiate trade deals to mitigate tariff impactTariffs strain corporate profits, risk inflation increaseTreasury Secretary Bessent to attend Supreme Court argumentsBy David Lawder...Reuters
Tue, Nov 4
GRAINS-Soybeans ease after rally; wheat hits three-month high
Chicago soybeans fell on Tuesday, retreating from a 16-month-high hit in the previous session, while traders awaited further Chinese purchases of U.S. cargoes following last week's talks and a thaw in trade relations between the two countries.Reuters
Tue, Nov 4
AUD/JPY faces selling pressure as RBA keeps interest rates steady at 3.6%, as expected
The AUD/JPY pair slumps to near 100.40 during the Asian trading session on Tuesday as the Reserve Bank of Australia (RBA) has held its Official Cash Rate (OCR) steady at 3.6%. This is the second straight meeting when the RBA has maintained a status quo.
Fxstreet
Tue, Nov 4
WTI holds losses near $60.50 despite OPEC+ output pause
West Texas Intermediate (WTI) Oil price remains subdued for the second successive day, trading around $60.70 per barrel during the Asian hours on Tuesday. The prices of Oil lose ground, which could be attributed to the market caution surrounding the US Federal Reserve (Fed) policy outlook for the De
Fxstreet
Tue, Nov 4
