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Reuters21 minutes ago
Elon Musk's xAI sues Apple and OpenAI over AI competition, App Store rankings
Reuters21 minutes ago
PRESS DIGEST-British Business - Aug 26
Reuters23 minutes ago
South Korea companies to invest $150 billion in US, Yonhap says
Oil eases after rising to two-week high on Russia-Ukraine supply concerns
Reuters25 minutes ago
TECHNICALS-Commodities intraday targets/key levels
Reuters25 minutes ago
Public Storage-led consortium abandons $1.4 billion pursuit for Australia's Abacus Storage
Stocks
Elon Musk's xAI sues Apple and OpenAI over AI competition, App Store rankings
xAI accuses Apple and OpenAI of monopolistic practicesxAI seeks billions in damages from Apple and OpenAILawsuit could define AI market in antitrust litigationBy Mike Scarcella Aug 25 (Reuters) - Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple AAPL.O and ChatGPReuters
21 minutes ago
Other
PRESS DIGEST-British Business - Aug 26
Aug 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- UK's Ministry of Defence has enlisted the help of Castlepoint Systems, an Australian software company that has...Reuters
21 minutes ago
Other
South Korea companies to invest $150 billion in US, Yonhap says
SEOUL, Aug 26 (Reuters) - South Korean companies will invest around $150 billion in the United States, Yonhap news agency reported on Tuesday, citing Ryu Jin, chairman of the business group Federation of Korean Industries.Reuters
23 minutes ago
Commodities
Oil eases after rising to two-week high on Russia-Ukraine supply concerns
By Anjana Anil Aug 26 (Reuters) - Oil prices edged down on Tuesday after surging nearly 2% in the previous session, as traders kept a close watch on developments in the Russia-Ukraine conflict for the potential impact on fuel supplies from the region.Brent crude futures LCOc1 fell 16 cents, or 0.Reuters
24 minutes ago
Commodities
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 26 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$68.19res $68.98/$69.46/$69.76Palm oil (3rd month)4,455/4,421 ringgitres 4,509/4,542/4,563 ringgitWTI* (1st mth)$64.37/$64.07res $64.89/$65.21/$65.73Spot gold$3,388/$3,4...Reuters
25 minutes ago
Stocks
Public Storage-led consortium abandons $1.4 billion pursuit for Australia's Abacus Storage
Aug 26 (Reuters) - Australia's Abacus Storage King ASK.AX said on Tuesday that a consortium led by South African billionaire Nathan Kirsh and U.S.-based Public Storage PSA.N has withdrawn its A$2.17 billion ($1.41 billion) takeover offer for the firm.Abacus said its independent board committee w...Reuters
25 minutes ago
Stocks
RPT-COLUMN-Powell plays best hand he can from a politically stacked deck: McGeever
By Jamie McGeeverORLANDO, Florida, Aug 25 (Reuters) - Federal Reserve Chair Jerome Powell is coming under fire for appearing to cave to political pressure in his Jackson Hole speech on Friday, which opened the door to an interest rate cut next month, a shift from his more hawkish stance only a few w...Reuters
26 minutes ago
Other
Tennis-From Philippines to Mexico, US Open second-round reflects game's global spread
By Amy TenneryNEW YORK, Aug 25 (Reuters) - Players from the Philippines and Hong Kong will be on the schedule for the second round of a Grand Slam for the first time this week, as the U.S. Open sees the impact of an increasingly global game.Alexandra Eala beat 14th seed Clara Tauson to secure the Ph...Reuters
26 minutes ago
Commodities
GRAINS-Soybeans fall for 2nd session on improved US rating
SINGAPORE, Aug 26 (Reuters) - Chicago soybeans eased on Tuesday after a weekly U.S. crop report showed improved crop conditions, bolstering expectations of a bumper harvest this autumn, while weak demand from top importer China added further pressure.Corn and wheat prices also fell amid plentiful gl...Reuters
26 minutes ago
Stocks
Wall Street Ends Down; Tesla Gains 2%; Nvidia and Alphabet Rise 1%; Strategy and Coinbase Sink 4%
Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.Market SnapshotThe S&P 500 decTiger News
29 minutes ago
Other
Trump wants to meet North Korea's Kim this year, he tells South Korea
North Korea's Kim has ignored call for Trump talksSouth Korea's President Lee met with Trump on trade, securityKorean Air to buy 103 Boeing aircraftBy Steve Holland, Hyunjoo Jin, David Brunnstrom and Trevor Hunnicutt WASHINGTON/SEOUL, Aug 25 (Reuters) - U.S. President Donald Trump said on...Reuters
32 minutes ago
Other
Top Chinese trade negotiator Li Chenggang to head to US as talks resume, WSJ says
Aug 25 (Reuters) - Senior Chinese negotiator Li Chenggang is heading to Washington this week for trade talks with the U.S., the Wall Street Journal reported on Monday.Li Chenggang, the top aide to Beijing's lead negotiator, He Lifeng, will meet with U.S. Trade Representative Jamieson Greer and s...Reuters
35 minutes ago
Commodities
WTI edges higher above $64.50 amid supply concerns, potential US Fed rate cut
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.60 during the early Asian trading hours on Tuesday. The WTI extends the rally due to a pause in negotiations for a peace deal between Russia and Ukraine. Traders await the American Petroleum Institute (API) weekly crudeFxstreet
37 minutes ago
Other
Korean Air announces 103 Boeing jet order amid Trump-Lee summit
WASHINGTON, Aug 25 (Reuters) - Korean Air 003490.KS announced an order on Monday for 103 Boeing BA.N airplanes coinciding with the visit of South Korean President Lee Jae Myung to Washington, sources told Reuters.Reuters
38 minutes ago
Other
Trump says he is removing Fed Governor Cook
WASHINGTON, Aug 25 (Reuters) - U.S. President Donald Trump said on Monday he was removing Federal Reserve Governor Lisa Cook from her position on the Fed's board of directors.Trump made the announcement in a letter to Cook that he posted on social media.Reuters
39 minutes ago
