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OpenAI, Oracle plan 1 gigawatt Stargate data center in Michigan with Related Digital
Oct 30 (Reuters) - OpenAI, Oracle ORCL.O and Related Digital will build a data-center campus of more than 1 gigawatt in Saline Township, Michigan, as part of their Stargate push to expand U.S. artificial intelligence infrastructure capacity.Reuters
34 minutes ago
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
WASHINGTON, Oct 30 (Reuters) - Apple AAPL.O Chief Executive Tim Cook on Thursday gave forecasts for holiday quarter iPhone sales and overall revenue that surpass Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints.
Reuters
37 minutes ago
Core consumer prices in Japan's capital accelerate, keep BOJ under pressure
Tokyo Oct core CPI rises 2.8% yr/yr vs f'cast +2.6%Index excluding fresh food, fuel rises 2.8% yr/yr in OctData keeps alive expectations of near-term BOJ rate hikeFactory output rises 2.2% in September, beats forecastBy Leika Kihara TOKYO, Oct 31 (Reuters) - Core inflation in Japan's capi...Reuters
40 minutes ago
Meta to raise $30 billion in its biggest bond sale as AI expansion costs rack up
Oct 30 (Reuters) - Social media giant Meta Platforms META.O will raise up to $30 billion in its biggest bond offering ever, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure.
Reuters
41 minutes ago
China to buy 12 million metric tons of US soybeans this season, Bessent says
CHICAGO, Oct 30 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchaseReuters
42 minutes ago
Netflix taps bank to explore bid for Warner Bros Discovery
Oct 30 (Reuters) - Netflix NFLX.O is actively exploring a bid for Warner Bros Discovery's WBD.O studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter.
Reuters
42 minutes ago
Crypto exchange Coinbase beats Street estimates as trading volumes surge
Oct 30 (Reuters) - Coinbase Global COIN.O beat analysts' estimates for third-quarter profit on Thursday, as heightened volatility in digital assets boosted trading volumes at the cryptocurrency exchange, sending its shares up more than 3% after the bell.
Reuters
42 minutes ago
Tech leaders boost AI spending, but Alphabet's cash flow wins investor favor
Oct 30 (Reuters) - Four of the biggest U.S. technology companies flagged plans this week to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet's GOOGL.O ability to fund its plans from its cash flow.
Reuters
51 minutes ago
Nasdaq Ends about 1.6% Lower as Meta, Microsoft Drag; Amazon Soars 12% After Earnings Beat; Apple Jumps over 2%
Wall Street's three major indexes lost ground on Thursday with the Nasdaq Composite and the S&P 500 leading losses as Meta and Microsoft shares tumbled on worries over surging AI spending, while investors also digested a more hawkish tone from the U.S. Federal Reserve.Market SnapshotThe Dow Jones In
Tiger News
54 minutes ago
ECB keeps rates unchanged as economy holds up for now
Rates could remain steady for years to come, markets betA cut is still more likely to be next move than a hikeLagarde says has no complaints about growth nowTariffs, Chinese dumping keep growth outlook modestBy Francesco Canepa and Balazs Koranyi FLORENCE, Italy, Oct 30 (Reuters) - The European C...Reuters
7 hours ago
Trump shaves China tariffs in deal with Xi on fentanyl, rare earths
Trump says tariffs on China cut to 47% from 57%Reprieve due to Xi's actions on fentanyl trade, Trump saysChina will pause latest rare earth export curbs for a yearSummit in South Korea lasted nearly two hoursGlobal markets shrug off hotly-anticipated meetReuters Live: Trump and Xi meet in South ...Reuters
10 hours ago
Wolfspeed forecasts second-quarter revenue below estimate (Oct. 29)
Oct 29 (Reuters) - Wolfspeed WOLF.N on Wednesday forecast second-quarter revenue below analyst estimate, highlighting the challenges facing the U.S. chipmaker as it recovers from bankruptcy and confronts subdued demand.Shares of company plunged more than 18% in extended trading.The company, a key su...Reuters
12 hours ago
Trump-Xi Summit Concludes: 4 Out of 5 Major Issues Resolved, Trump Calls It a ‘12 Out of 10’ Success
TradingKey - The most anticipated part of President Donald Trump’s Asia trip — his meeting with Chinese President Xi Jinping — concluded after 1 hour and 40 minutes, marking the first in-person summit between U.S. and Chinese leaders in six years, aimed at easing trade tensions and fosteringTradingKey
14 hours ago
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
14 hours ago
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
18 hours ago
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
18 hours ago
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
18 hours ago
