ORLANDO, Florida, Nov 5 (Reuters) – U.S. stocks and bond yields rose on Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates. I didn’t write a column today, but don’t worry…
Shein to open outlet in Paris department store on Wednesday Its first permanent stores have drawn widespread criticism France working on fast fashion law that Shein opposes Shein under scrutiny in France over low-cost business model LONDON, Nov 4 (Reuters) – Chinese online fashion platform Shein is ramping up its fight in France, gambling that…
Oct 31 (Reuters) – Global equity funds attracted massive investments in the week to October 29 ahead of an anticipated interest rate cut by the U.S. Federal Reserve and a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping. Investors accumulated a net $10.58 billion worth of global equity funds, extending their…
Item 1 of 3 U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea. REUTERS/Evelyn Hockstein [1/3]U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after…
Item 1 of 2 A component of the SSC-8/9M729 cruise missile system is on display during a news briefing, organized by Russian defence and foreign ministries, at Patriot Expocentre near Moscow, Russia January 23, 2019. REUTERS/Maxim Shemetov/File Photo [1/2]A component of the SSC-8/9M729 cruise missile system is on display during a news briefing, organized by…
BUSAN, South Korea/BEIJING, Oct 30 (Reuters) – U.S. President Donald Trump hailed a meeting with China’s Xi Jinping as “amazing” and “12” on a 10-point scale, but the agreement the two leaders reached appears to be no more than a fragile truce in a trade war with root causes still unresolved. The framework announced on…
LITTLETON, Colorado, Oct 30 (Reuters) – China’s booming car sector has upended the entire global carmaker industry over the past decade, especially its EV producers which have supplanted combustion engine cars in sales at home and have flooded global markets with record exports. But the country’s electric vehicle output and exports may now hit reverse…
SAN FRANCISCO, Oct 29 (Reuters) – OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering filing with securities regulators as soon as…
Reform UK faces scrutiny transitioning from protest to power Local government efficiency push modelled on Musk’s DOGE Farage seeks experienced defectors to bolster party’s clout National cost-cutting plans dismissed by economists as unrealistic NORTHAMPTON, England, Oct 29 (Reuters) – Britain’s Reform UK has surged in popularity on the back of fiery rhetoric against illegal immigrants,…
ORLANDO, Florida, Oct 28 (Reuters) – Another wave of U.S. tech euphoria lifted Wall Street to new highs on Tuesday, this time in the shape of a deal between Microsoft and OpenAI, a day ahead of a clutch of U.S. Big Tech earnings and the Federal Reserve‘s policy decision. In my column today, I look…