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EXCLUSIVE-GM backtracks on plan to claim last-minute EV tax credits
GM cancels EV lease tax credit program after concerns from Senator MorenoProgram aimed to ease impact of tax credit expiration on dealersFord's similar program status unclear, spokesperson declined to commentBy Mike Colias and David ShepardsonOct 8 (Reuters) - General Motors GM.N is scrapping a ...Reuters
Wed, Oct 8
Commodities
Europe Gasoline/Naphtha-Gasoline cracks fall slightly
LONDON, Oct 8 (Reuters) - Northwest European gasoline profit margins fell by about $1 to $15.81 a barrel on Wednesday despite a larger-than-expected draw on inventories in the United States.A total of 3,200 metric tons of Eurobob E5 barges traded as Exxon and Glencore sold to each other.Another 4,20...Reuters
Wed, Oct 8
Commodities
WTI extends rally for fourth day as OPEC+ output hike offsets US inventory build
West Texas Intermediate (WTI) Crude Oil is extending its recovery for a fourth consecutive day on Wednesday, with the market staging a fresh leg higher immediately after the release of the US Energy Information Administration’s (EIA) weekly Crude Oil Stocks Change report.
Fxstreet
Wed, Oct 8
Commodities
Democratic bill to end US government shutdown failing in Senate; voting continues
WASHINGTON, Oct 8 (Reuters) - A Democratic bill to fund the U.S. government and end a shutdown was falling short of the votes needed for passage in the Senate on Wednesday, as voting continued.Reuters
Wed, Oct 8
Cryptocurrencies
Why Is Trump Silent On The Bitcoin Reserve? BPI Director Explains
The Bitcoin Policy Institute’s executive director, Matthew Pines, says the Trump administration’s silence on a Strategic Bitcoin Reserve (SBR) is calculated, not complacent. In a new interview with Natalie Brunell, he argues Washington is deliberately studying how to graft Bitcoin—“digital gold”—ont...Bitcoinist
Wed, Oct 8
Cryptocurrencies
Pundit Says XRP Price Can Easily Hit $1,000 If This Happens
Crypto expert BarriC has shared a bold view about the future of the XRP price. He believes that it could rise to $1,000 or even higher if it reaches full global use by banks and financial institutions. BarriC says the world has never seen what happens when a digital asset is used on a massive scale ...NewsBTC
Wed, Oct 8
Other
Charter Communications' Spectrum Networks Expands Distribution To Xfinity TV Customers
Oct 8 (Reuters) - Charter Communications Inc CHTR.O:SPECTRUM NEWS EXPANDS DISTRIBUTION TO XFINITY TV CUSTOMERSCHARTER COMMUNICATIONS- SPECTRUM NEWS SIGNS AGREEMENT WITH COMCAST TO EXPAND DISTRIBUTION OF SPECTRUM NEWS TO XFINITY TV CUSTOMERSReuters
Wed, Oct 8
Cryptocurrencies
Wall Street return to betting on meme stocks as risk appetite returns
Roundhill Investments is relaunching the MEME ETF this Wednesday, according to Bloomberg. The fund was first created during the pandemic but shut down in 2023 after it failed to grow. At the time, many thought the frenzy around meme stocks had ended. Two years later, it is clear that the energy behind speculative retail trading […]Cryptopolitan
Wed, Oct 8
Other
Salesforce Plans To Invest $1 Billion In Its Mexico Operations Over Next Five Years
Oct 8 (Reuters) - Salesforce Inc CRM.N:SALESFORCE INC: PLANS TO INVEST $1 BILLION IN ITS MEXICO OPERATIONS OVER NEXT FIVE YEARSSALESFORCE INC: INVESTMENT IN MEXICO TO OPERATE A NEW OFFICE, SUPPORT REGIONAL CUSTOMERS THROUGH A GLOBAL DELIVERY CENTER, HIRE TALENTSource text: [ID:]Reuters
Wed, Oct 8
Other
Google Says Expanding Access To Google Developer Program In China - Blog
Oct 8 (Reuters) - GOOGLE: GOOGLE: EXPANDING ACCESS TO GOOGLE DEVELOPER PROGRAM IN CHINA - BLOGGOOGLE - WE'RE EXPANDING OUR MONTHLY SUBSCRIPTION OPTION OF GOOGLE DEVELOPER PROGRAM TO INDIA AND ITALYSource text: [ID:]Reuters
Wed, Oct 8
Stocks
LIVE MARKETS-Only consumer staples reward short sellers as tech, mining rallies bite
U.S. main stock indexes rise; Nasdaq up ~0.9%Tech leads S&P sector gainers; Energy lags mostEurope's STOXX 600 index up ~0.8%Gold races past $4000/oz mark; last up ~1.7%Dollar, bitcoin rise; crude advance >1%U.S. 10-year Treasury yield slips to 4.12%Welcome to the home for real-time cover...Reuters
Wed, Oct 8
Other
EXPLAINER-What is antifa and why is Trump targeting it?
By James Oliphant WASHINGTON, Oct 8 (Reuters) - U.S. President Donald Trump plans to attend a White House roundtable on Wednesday to discuss the anti-fascist antifa movement, which he has called a domestic "terrorist organization" sponsoring left-wing political violence.Here is some backg...Reuters
Wed, Oct 8
Stocks
GLOBAL MARKETS-Stock indexes climb, gold gains further above $4,000 amid rate cut hopes
Gold shows no sign of stopping Yen at lowest since February; intervention risk risesU.S. stock higher; Fed minutes aheadBy Caroline Valetkevitch and Amanda Cooper NEW YORK/LONDON, Oct 8 (Reuters) - Major stock indexes rose on Wednesday as investors waited for minutes from the last Federal Reserve...Reuters
Wed, Oct 8
Other
KOIL Energy Awarded Contract To Deliver Subsea Distribution Equipment For US Project
Oct 8 (Reuters) - Koil Energy Solutions Inc KLNG.PK:KOIL ENERGY AWARDED SIGNIFICANT CONTRACT TO DELIVER SUBSEA DISTRIBUTION EQUIPMENT FOR US PROJECTKOIL ENERGY SOLUTIONS INC - PROJECT DELIVERY SCHEDULED FOR Q2 NEXT YEARReuters
Wed, Oct 8
Other
Germany rescinds fast-track citizenship
By Thomas EscrittBERLIN, Oct 8 (Reuters) - Germany's parliament on Wednesday rescinded a fast-track citizenship programme, reflecting the rapidly shifting mood on migration in Europe's labour-hungry economic powerhouse.Chancellor Friedrich Merz's conservatives pledged in this year's ...Reuters
Wed, Oct 8
Commodities
METALS-Copper retreats after touching 16-month peak on mine disruptions
By Eric Onstad LONDON, Oct 8 (Reuters) - Copper prices briefly hit a 16-month peak on Wednesday due to worries about potential shortages from a series of mine disruptions, but it later retreated under pressure from a stronger dollar. Aluminium also touched its highest in 16 months as available in...Reuters
Wed, Oct 8
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