WASHINGTON, Dec 3 (Reuters) – U.S. import prices were unexpectedly unchanged in September as high costs for consumer goods, excluding motor vehicles, were offset by cheaper energy products. The flat reading in import prices reported by the Labor Department’s Bureau of Labor Statistics on Wednesday followed a downwardly revised 0.1% gain in August. Economists polled …
By Ana Mano SAO PAULO, Dec 3 (Reuters) – Brazilian chicken exports are expected to rise up to 0.5% this year to 5.32 million metric tons, meat lobby ABPA said on Wednesday, after exporters avoided trade bans triggered by a bird flu outbreak in May, including from key buyers China and the European Union. Before …
Brazil’s 2025 chicken exports to rise despite bird flu trade bans Read More »
Dec 2 (Reuters) – Nvidia’s agreement with ChatGPT parent OpenAI to invest up to $100 billion in the startup is still not finalized, the chipmaker’s chief financial officer Colette Kress said on Tuesday at the UBS Global Technology and AI Conference in Arizona. Kress’ comments add to intensifying discussion around a partnership that ties two …
Nvidia CFO says chipmaker yet to finalize $100 billion OpenAI deal Read More »
By Yoruk Bahceli LONDON, Dec 3 (Reuters) – By Yoruk Bahceli, markets correspondent What matters in U.S. and global markets today Risk assets are showing further signs of recovery on Wednesday from a broad selloff that kicked off the month, but bonds are sitting on their losses for now. And the dollar is down with …
Morning Bid: Just a blip for risk assets, more Fed pain for the dollar Read More »
By Ana Isabel Martinez and Adriana Barrera MEXICO CITY, Dec 3 (Reuters) – It has been over a month since the head of Pemex made a plea for partners to help Mexico’s ailing state oil company on projects needed to boost dwindling production, but national and international companies have not yet bitten. “We’re open,” Victor …
Pemex debt is red flag for potential partners as Mexico seeks to boost oil output Read More »
By Anirban Sen and Prakhar Srivastava Dec 2 (Reuters) – Citigroup has hired Bank of America executive Jillian Snyder as its head of capital introductions for North America, a person familiar with the matter said. Snyder will oversee the team that helps hedge fund clients connect to investors, a service seen as increasingly valuable, underscoring …
Citigroup hires BofA executive in prime brokerage push, source says Read More »
Dec 3 (Reuters) – Marvell Technology shares climbed 9% premarket on Wednesday after its $3.25 billion deal to acquire semiconductor startup Celestial AI deepened investor confidence in the chipmaker’s push into next-gen AI infrastructure. The company is doubling down on AI infrastructure to regain momentum after a tough year marked by intense competition in its …
Marvell shares jump as chipmaker bolsters AI ambitions with Celestial deal Read More »
By Byron Kaye SYDNEY, Dec 3 (Reuters) – Google’s YouTube shared a “disappointing update” to millions of Australian users and content creators on Wednesday, saying it will comply with a world-first teen social media ban by locking out users aged under 16 from their accounts within days. The decision ends a stand-off between the internet …
YouTube says it will comply with Australia’s teen social media ban Read More »
Dec 3 (Reuters) – American Eagle Outfitters’ shares surged nearly 12% before the bell on Wednesday after the retailer lifted its annual sales forecast, betting on celebrity partnerships and marketing campaigns to boost demand during the holiday season. Successful campaigns featuring actor Sydney Sweeney, collaborations with NFL player Travis Kelce’s clothing brand Tru Kolors and …
American Eagle shares jump as celebrity campaigns to bolster holiday demand Read More »
BEIJING, Dec 3 (Reuters) – Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset margin pressure. Banks including Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (AgBank) now only offer shorter-term, large-scale …
Major Chinese banks cut high-yield deposit products to ease margin pressure Read More »
