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US equity funds draw weekly inflows as AI boost sparks renewed demand

(Reuters) -U.S. equity funds attracted fresh cash in the week to September 24, snapping two-weeks of outflows, as risk sentiment improved following Nvidia’s announcement of a potential $100 billion investment in OpenAI. Investors bought a net $12.06 billion worth of U.S. equity funds during the week, after a $39.91 billion outflow in the prior seven …

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Factbox-Global drugmakers rush to boost US presence as tariff threat looms

(Reuters) – Global drugmakers are scrambling to shore up their U.S. manufacturing capacity and domestic inventory as the Trump administration weighs hefty tariffs on pharmaceutical imports into the country. Companies with more exposure to the UK, the EU, South Korea, and Japan are likely in a better position, as these countries have secured favorable agreements …

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Canada’s GDP rebounds in July after three months of contraction

By Promit Mukherjee OTTAWA (Reuters) -Canada’s monthly gross domestic product rebounded from three months of contraction to grow by 0.2% in July as mining, manufacturing and wholesale trade boosted growth, data showed on Friday. Canada’s GDP had shrunk in the second quarter by 1.6% annualized and economists were closely tracking the July GDP growth figure …

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United Airlines gets FAA approval for Starlink internet on Boeing 737-800

(Reuters) -United Airlines said on Friday the U.S. Federal Aviation Administration has approved its first mainline aircraft equipped with Starlink internet, clearing the way for a first commercial flight on October 15. United said the FAA approved an amendment to Starlink’s supplemental type certificate for the Boeing 737-800, and it expects the inaugural flight to …

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Canadian natgas producers cut output amid record low prices

By Amanda Stephenson and Scott DiSavino (Reuters) -Some natural gas producers in Western Canada are aggressively cutting output in an effort to ease an ongoing glut that this week tipped prices for the fuel into record negative territory, companies and analysts said. Daily spot prices at the Alberta Energy Company (AECO) storage hub averaged minus 5 cents …

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Canada Post workers go on nationwide strike after government calls for reform

(Reuters) -Canada Post workers went on a nationwide strike on Thursday after the Canadian government called for the postal company to undergo a widespread transformation to bolster its finances and modernize operations, the Canadian Union of Postal Workers said. “In response to the Government’s attack on our postal service and workers, effective immediately, all CUPW …

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Amazon to pay $2.5 billion for allegedly duping millions to sign up for Prime

By Jody Godoy and Greg Bensinger (Reuters) -Amazon.com will pay $2.5 billion in fines and reimbursements to Prime subscribers to settle the Federal Trade Commission’s allegations that it deceived its customers to generate subscriptions, the FTC said on Thursday. While a win for consumers and the FTC, the settlement is relatively painless for Amazon: the …

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Turkish Airlines completes deal to buy 225 Boeing planes after Erdogan-Trump talks

By Can Sezer and Daren Butler ISTANBUL (Reuters) -Turkish Airlines said on Friday it would order 75 Boeing 787 aircraft and had completed negotiations to buy 150 737 MAX planes, subject to engine talks, unveiling a long-awaited deal after a meeting between the two countries’ leaders. President Tayyip Erdogan on Thursday met U.S. President Donald …

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