Stocks rally, dollar eases as Wall Street shrugs off Powell
By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -The dollar eased and global equities rebounded on Friday as Wall…
Category: General
Oil prices settle up as Iraq backs more output cuts from OPEC+
By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil…
OpenAI investors see more startup opportunities despite ChatGPT expansion
(This Nov. 9 story has been corrected to say Avery Klemmer is an investor, not a partner, in paragraph 7)…
Drugmaker Novo Nordisk seeks obesity, diabetes ‘bolt-on’ deals
By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) – Novo Nordisk wants to buy more companies with drugs in early-…
Meta strikes deal with Tencent to sell VR headset in China – WSJ
(Reuters) – Meta Platforms struck a deal with Tencent Holdings to sell a new, low-cost virtual-reality (VR) headset in China…
Biden backs Tesla, Toyota unionization, slams Trump
By Nandita Bose BELVIDERE, Illinois (Reuters) -President Joe Biden on Thursday backed the United Auto Workers’ efforts to unionize carmakers…
Nvidia plans to release three new chips for China – analysts
By Stephen Nellis, Max A. Cherney and Fanny Potkin SAN FRANCISCO (Reuters) -Nvidia plans to release new artificial intelligence chips…
Traders now see Fed starting rate cuts later in 2024
Traders of futures contracts that track expectations for the Federal Reserve’s policy rate pushed out bets on the U.S. central…
Apple suffers setback in fight against EU’s $14 billion tax order
By Foo Yun Chee and Bart H. Meijer LUXEMBOURG (Reuters) -An EU tribunal made legal errors when it ruled in…
SoftBank books $5.2 billion quarterly loss as WeWork comes back to bite
By Anton Bridge TOKYO (Reuters) -SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in…