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News
European stocks rise but head for sharp weekly declines
2+ day, 10+ hour ago (362+ words) Sept 11 (Reuters) – European stocks edged higher on Friday but were set for their biggest weekly decline in about two months as elevated bond yields and fears about aggressive interest rate hikes tempered sentiment ahead of key U.S. inflation data....
Lula maintains lead over Flavio Bolsonaro ahead of Brazil election, Datafolha poll shows
1+ day, 19+ hour ago (169+ words) SAO PAULO, Sept 11 (Reuters) – Brazilian President Luiz Inacio Lula da Silva maintained the numerical lead over Senator Flavio Bolsonaro in a potential runoff of the October election, a Datafolha poll showed on Friday. • Lula is seen with 46% of the vote…...
Activist investor Carl Icahn gives up JetBlue board seats after sharply cutting stake
2+ week, 2+ day ago (471+ words) By Doyinsola Oladipo and Rajesh Kumar Singh Aug 27 (Reuters) – Activist investor Carl Icahn has given up his board representation at JetBlue Airways after sharply reducing a stake in the airline that he once called an attractive investment opportunity. In 2024, JetBlue…...
Longsys ends 1% lower in Hong Kong debut after $900 million share sale
5+ day, 14+ hour ago (409+ words) By Donny Kwok and Yantoultra Ngui HONG KONG, Sept 8 (Reuters) – Shares of Shenzhen Longsys Electronics ended 1% lower in their Hong Kong debut on Tuesday, after the Chinese data storage products maker raised about HK$7.08 billion ($903 million) in a share sale....
Bending Spoons to buy Miro in $1.36 billion cash deal
2+ day, 14+ hour ago (163+ words) Sept 10 (Reuters) – Bending Spoons has agreed to buy Miro in an all-cash deal, valuing the digital collaboration platform at $1.36 billion, the companies said on Thursday. The company has built a reputation for acquiring and restructuring digital businesses, pursuing a strategy…...
Dollar holds gains, yen slips as Mideast energy shock deepens
2+ day, 4+ hour ago (522+ words) SINGAPORE, Sep 11 (Reuters) – The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle…...
Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports
2+ day, 7+ hour ago (187+ words) Sept 10 (Reuters) – The Pentagon is in talks to lend about $5 billion to AI cloud-computing startup Fluidstack to shore up the U.S. data center supply chain, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The…...
Adobe beats third-quarter revenue estimates on AI product demand
2+ day, 6+ hour ago (110+ words) Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according…...
Trading Day: Inflation palpitations
2+ day, 8+ hour ago (566+ words) In my column today, I look ahead to Friday’s U.S. CPI inflation report, and specifically the importance it has assumed. If it is “hot”, the Fed will almost certainly raise rates next week. But how have we got to a…...
Israel says it destroyed Hezbollah underground complex at Lebanon’s Ali al-Taher
2+ day, 8+ hour ago (351+ words) Sept 10 (Reuters) – The Israeli military destroyed Hezbollah underground infrastructure at the Ali al-Taher ridge in southern Lebanon, Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz said on Thursday, adding that the operation completed the consolidation of a security zone…...