A look at the day ahead in European and global markets from Tom Westbrook Tech stocks headed for a wobbly finish to what is shaping as the sharpest market drawdown since the turbulence around U.S. tariffs seven months ago. Shares of Softbank Group, the Japanese investment conglomerate famous for high-risk, high-reward tech bets are down …
(Reuters) -Apple’s streaming service resumed for users in the United States after a brief outage late Thursday, Apple’s status page showed. The number of users reporting issues with Apple TV had dropped to 208, from a peak of about 15,000, according to tracking website Downdetector.com. The company also experienced issues with Apple Music and Apple …
Apple streaming service restored after brief outage Read More »
SYDNEY (Reuters) -Australian bank Westpac will not appeal a labour tribunal ruling after it lost a case to compel one of its workers to be in the office twice a week, according to a bank spokesperson. * The Fair Work Commission in October found in favour ofKarlene Chandler, who challenged Westpac after it said sheneeded …
Westpac will not appeal work-from-home ruling loss Read More »
(Reuters) -Japanese investors divested significant holdings in foreign stocks in the week to November 1, as they turned cautious amid hawkish remarks from some U.S. Federal Reserve officials and favoured locking in profits after the recent market rally. Japanese investors liquidated a net 581.1 billion yen ($3.85 billion) worth of foreign stocks in their largest …
Japanese investors sell foreign stocks on caution over Fed comments, valuation concerns Read More »
(Corrects to remove section on political neutrality, which was not on the ballot) By Akash Sriram and Abhirup Roy SAN FRANCISCO (Reuters) -Tesla shareholders will decide on Thursday whether to pay CEO Elon Musk up to $878 billion, the richest executive pay in history by a long shot. But the high-profile vote is only one …
Tesla investors vote on an $878 billion payday for Musk – but that’s not all Read More »
(Reuters) -The White House has informed other federal agencies that it will not permit Nvidia to sell its latest scaled-down AI chips to China, The Information reported on Thursday, citing three people familiar with the matter. Nvidia has provided samples of the chip to several of its Chinese customers, according to the report. The chip, …
US to block Nvidia’s sale of scaled-down AI chips to China, The Information reports Read More »
By Rajesh Kumar Singh, David Shepardson and Doyinsola Oladipo CHICAGO/WASHINGTON/NEW YORK (Reuters) -U.S. airlines scrambled on Thursday to rejig schedules and field calls from anxious customers after the Trump administration ordered flight reductions at major airports due to a shortage of air traffic controllers during the longest government shutdown in history. The cuts, set to …
US flight cuts send airlines, travelers scrambling Read More »
WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Thursday ordered airlines to cut domestic flight operations by 4% at 40 high-traffic airports starting at 6 a.m. ET (1100 GMT) on Friday, citing safety concerns about air traffic control during the government shutdown. Reuters first reported details of the plan, citing a draft order. The FAA …
US finalizes domestic flight cuts to start at 4% on Friday Read More »
By Saeed Azhar and Anirban Sen NEW YORK (Reuters) -Wall Street lender Goldman Sachs will promote 638 executives to managing director next year, the highest number since 2021, a company memo said, as the bank benefits from a pickup in investment banking across the industry. Goldman Sachs has been leading Wall Street’s rankings for mergers …
Goldman to promote highest number of executives to managing director since 2021 Read More »
By Deepa Seetharaman, Krystal Hu and Arsheeya Bajwa (Reuters) -OpenAI has spoken with the U.S. government about the possibility of federal loan guarantees to spur construction of chip factories in the U.S., but has not sought U.S. government guarantees for building its data centers, CEO Sam Altman said on Thursday. Altman said the discussions were part …
