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Musk names veteran banker Anthony Armstrong as xAI finance chief, FT says

7 Oct 2025

(Reuters) -Elon Musk has named Anthony Armstrong, a former Morgan Stanley banker who advised him on the acquisition of X, as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported on Monday. Armstrong will lead the finance operations for both xAI and social media platform X, the report said, …

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Australia consumer sentiment slides for a second month in October

7 Oct 2025

SYDNEY (Reuters) -A measure of Australian consumer sentiment slid for a second straight month in October as concerns about family finances returned amid speculation interest rates might not fall any further, a survey showed on Tuesday. A Westpac-Melbourne Institute survey showed its main index of consumer sentiment dropped 3.5% to 92.1, having fallen 3.1% in …

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Gold set to become Australia’s second-biggest resource earner

7 Oct 2025

MELBOURNE (Reuters) -Australia said on Tuesday it expected gold to become its second most valuable resource export after iron ore this financial year, dislodging liquefied natural gas, as concerns over geopolitical instability fuel demand for the safe-haven metal. Australia’s gold exports are expected to rise by A$12 billion ($7.9 billion) to A$60 billion in the …

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US says subsidies for rural airline service to expire Sunday

6 Oct 2025

By David Shepardson WASHINGTON (Reuters) -The Trump administration said on Monday that funds from a U.S. government program that subsidizes commercial air service to rural airports are set to expire Sunday because of an ongoing partial government shutdown. The U.S. Transportation Department said the subsidies in the Essential Air Service program will end Sunday after …

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Constellation Brands’ quarterly sales dip less than expected on steady beer demand

6 Oct 2025

(Reuters) -Constellation Brands posted a smaller-than-expected drop in second-quarter sales on Monday, aided by steady demand for beer, even as the company’s key Hispanic consumers reel from the Trump administration’s immigration policies. Spirit makers in the U.S., such as Constellation, Molson Coors and Brown-Forman, have grappled with persistently weak demand for alcoholic beverages, while doubling …

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Fifth Third to buy Comerica in $10.9 billion deal to create ninth-largest US bank

6 Oct 2025

By Manya Saini, Saeed Azhar and Nupur Anand (Reuters) -Fifth Third on Monday agreed to buy regional lender Comerica in an all-stock deal valued at $10.9 billion, striking the biggest U.S. bank deal of the year that would create the nation’s ninth-largest lender. Dealmaking has gained momentum under a Trump administration that has pledged to streamline the …

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EV maker Lucid’s quarterly deliveries rise but fall short of expectations

6 Oct 2025

(Reuters) -Lucid reported a 46.6% jump in third-quarter deliveries on Monday, driven by a rush of demand for electric vehicles before lucrative tax credits expired last week, but it still missed Wall Street expectations. The EV maker and its rivals are bracing for a sharp drop in sales in the last three months of the …

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