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Rubio spoke Wednesday with China's Wang Yi, State Department says
WASHINGTON, Sept 10 (Reuters) - U.S. Secretary of State Marco Rubio spoke on Wednesday with Chinese Foreign Minister Wang Yi on global and regional issues, in a follow-up to the meeting the two held in Malaysia this year, State Department deputy spokesperson Tommy Pigott said."Secretary Rubio em...Reuters
an hour ago
Perplexity finalizes $20 billion valuation round, the Information reports
Sept 10 (Reuters) - AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation, the Information reported on Wednesday, citing a person with knowledge of the matter. Reuters could not immediately verify this report and Perplexity did not imReuters
an hour ago
Japan wholesale inflation accelerates in August
TOKYO, Sept 11 (Reuters) - Japan's wholesale prices rose 2.7% in the year to August, data showed on Thursday, accelerating from the previous month in a sign of sticky inflationary pressure in the world's fourth-largest economy.The rise in the corporate goods price index (CGPI), which measure...Reuters
an hour ago
Oracle’s Ellison Tops Musk as World’s Richest Man After $101 Billion Gain
Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot, bloomberg reported.Ellison’s fortune soared $101 billion as of 10:10 a.m. in New York after Oracle Corp. reported quarterly results that surpassed expectations and said
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an hour ago
Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank backReuters
an hour ago
Trump administration appeals ruling blocking removal of Fed Governor Cook
Trump has accused Cook of mortgage fraudJudge said that was not sufficient cause to remove herLegal battle could upend Fed's independence By Daniel Wiessner Sept 10 (Reuters) - President Donald Trump's administration on Wednesday moved quickly to appeal a federal judge's ruling te...Reuters
an hour ago
Toyota to manufacture EV SUVs at US Kentucky plant
TOKYO, Sept 10 (Reuters) - Toyota Motor 7203.T will start making two battery-powered sport utility vehicles at its U.S. Kentucky plant, as part of a move to improve manufacturing efficiency and better serve market demand, the Japanese automaker said.The company will assemble two new three-row batter...Reuters
3 hours ago
Oil prices settle up over $1 after global tensions mount; oversupply caps gains
US crude, fuel stocks rose last week, EIA saysGlobal tension mounts as Poland shoots down dronesTrump asks EU to put tariffs on China, India to pressure Russia, sources sayLonger-term outlook still for oversupply as OPEC+ ups productionBy Arathy Somasekhar HOUSTON, Sept 10 (Reuters) - Oil prices ...Reuters
6 hours ago
Tariff Impact Fading? U.S. PPI Unexpectedly Turns Negative, Treasury Prices Jump
TradingKey - After a series of data—including ADP and nonfarm payrolls—supported the Federal Reserve’s likely rate cut next week, another piece of evidence has emerged: U.S. inflation is cooling faster than expected. The August Producer Price Index (PPI) unexpectedly turned negative month-over-monthTradingKey
12 hours ago
CORRECTED-Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank back ...Reuters
12 hours ago
Crypto Treasury Stocks Go Wild as the Strategy Model Faces Scrutiny
TradingKey - The so-called Digital Asset Treasury companies (DATs) often see their stock prices surge when announcing investments in Bitcoin, Ethereum, or other major digital assets. However, rising competition and lack of strategic differentiation are raising questions about the sustainability of
TradingKey
13 hours ago
Meta, TikTok win challenge against EU tech fees, forcing regulators to recalculate
EU regulators given 12 months to revise fee methodologyNo repayment of 2023 fees while new basis is establishedFee levied to cover cost of checking compliance with EU rulesBy Foo Yun Chee BRUSSELS, Sept 10 (Reuters) - Meta Platforms META.O and TikTok on Wednesday won a legal challenge to the way ...Reuters
14 hours ago
OpenAI's Frenzied Orders for Broadcom and Oracle: Is the Cash Enough?
TradingKey - On Tuesday, cloud computing giant Oracle reported its earnings. Despite falling short of revenue expectations, a substantial cloud infrastructure order from OpenAI sent the stock soaring nearly 30% in after-hours trading, marking its best single-day performance since the dot-com bubble.
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15 hours ago
Cut to Grow, Novo Nordisk Announces 11% Global Layoffs, Third Profit Forecast Cut This Year
TradingKey - Obesity drug giant Novo Nordisk (NVO.US) announced on Wednesday a major restructuring plan, including 9,000 global job cuts, and delivered its third downward revision to its full-year profit growth guidance in 2025. However, due to its undervalued stock and hopes for cost savings and
TradingKey
16 hours ago
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
By Juby BabuSept 9 (Reuters) - Oracle ORCL.N said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up 27% after the bell. The ...Reuters
16 hours ago
EU secured best possible trade deal with US, says EU chief
STRASBOURG, Sept 10 (Reuters) - The European Union got the best trade deal available with the United States and secured EU businesses an advantage over many foreign rivals, the head of the European Commission said on Wednesday."We ensured that Europe got the best possible deal out there. We have...Reuters
17 hours ago
