(Reuters) – Dow said on Monday it would sell a 40% stake in some U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion as it looks to focus more on its core chemicals business. Shares of Dow were up about 5% at $44.14 in premarket trading after the …
Dow to sell 40% stake in some US Gulf Coast infrastructure assets for $2.4 billion Read More »
(Reuters) – The U.S. auto safety regulator said on Monday it has closed a preliminary evaluation into 7,745 Fisker Ocean SUVs over failure to shift vehicles into the park gear, after the electric-vehicle startup issued recalls and released a software update. Earlier this year, the National Highway Traffic Safety Administration (NHTSA) opened a preliminary probe …
NHTSA closes preliminary probe into 7,745 Fisker Ocean SUVs after software update Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan A seemingly robust U.S. employment report did little to dissuade markets that another Federal Reserve interest rate is coming this month, and China added to the easy money mix on Monday in a historic change of monetary stance. With the European …
Morning Bid: Fed cut gets baked in, China shifts monetary stance Read More »
By Mike Stone and Joe Brock SIMI VALLEY, California (Reuters) – President-elect Donald Trump’s planned U.S. government efficiency drive involving Elon Musk could lead to more joint projects between big defense contractors and smaller tech firms in areas such as artificial intelligence, drones and uncrewed submarines, according to interviews with company executives. Musk has indicated …
Trump’s Musk-led efficiency drive may spur defense-tech partnerships Read More »
By Seher Dareen (Reuters) – American content creators on TikTok asked followers to subscribe to their channels on rival platforms like Meta-owned Instagram and Alphabet’s YouTube after a federal appeals court ruled that the social media app could be banned if it is not sold to a U.S.-based company by Jan. 19. TikTok has become …
US TikTok content creators warn followers to find them on Instagram, YouTube Read More »
BEIJING (Reuters) – Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group’s future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020. Speaking on Sunday at the 20th anniversary celebration for Ant Group, which he also co-founded, Ma welcomed …
Chinese billionaire Jack Ma sees AI future for Ant Group, in rare appearance Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A relentless rally in U.S. stocks is showing few signs of slowing into year-end, even as rising valuations and signs of excessive speculation fuel worries that a pullback may be overdue. The S&P 500 notched its 57th record close of the year on Friday and is up …
Analysis-Strong momentum makes it hard to bet against ‘freight train’ US stock rally Read More »
A look at the day ahead in European and global markets from Wayne Cole If you are wondering how markets have reacted to the stunning fall of President Bashar al-Assad in Syria, the answer is calmly. Gold and oil prices are up around 0.4%, but that’s a modest move for such a rapid turn of …
Morning Bid: Markets keep calm as Syria falls in a rush Read More »
By Nathan Layne (Reuters) -U.S. President-elect Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January. “No, I don’t think so. I don’t see it,” Trump said on NBC News’ “Meet the Press with Kristen Welker” when asked if he …
Trump says he will not try to replace Fed’s Powell Read More »
By Satoshi Sugiyama and Leika Kihara TOKYO (Reuters) -Japan’s economy expanded in July-September at a faster pace than initially reported thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank. But a downward revision on consumption underscores the fragile nature of the …
Japan revises Q3 GDP higher, keeps alive BOJ rate-hike expectations Read More »
