By Yoruk Bahceli LONDON (Reuters) -What matters in U.S. and global markets today U.S. stocks look set to build on Friday’s jump with investor hopes resting on a Fed rate cut materialising in December, but the question is how much further prices can bounce? I’ll get into all the market-moving news below, but first we…
Bomb threats at US Rep. Chris Deluzio’s offices in Western Pennsylvania TODAY ABOUT THIS? WELL, MIKE, KRISTEN, WE KNOW FROM LOCAL POLICE THIS CASE IS NOW BEING HANDLED BY THE UNITED STATES CAPITOL POLICE. ACCORDING TO CARNEGIE POLICE, THE THREAT CAME VIA EMAIL JUST BEFORE 3 P.M. ALLEGHENY COUNTY POLICE GAVE THE ALL CLEAR AT…
By Alexandra Alper (Reuters) -The Trump administration is considering greenlighting sales of Nvidia‘s H200 artificial intelligence chips to China, people familiar with the matter said, as a bilateral detente boosts prospects for exports of advanced U.S. technology to China. The Commerce Department, which oversees U.S. export controls, is reviewing a change to its policy of…
MANILA, Philippines (AP) — Asian stocks on Friday tracked Wall Street’s sharp drop in skittish trading, with the region’s major benchmarks erasing the previous day’s gains. The future for the S&P 500 was up 0.3% while that for the Dow Jones Industrial Average edged 0.4% higher. Japan’s Nikkei 225 fell 2.4% to 48,625.88 as worries…
By Dave Graham UTZENSTORF, Switzerland (Reuters) -Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades. Now he is one of 80 out of 105 staff due to be let go as it reels from U.S. tariffs and a struggling auto industry. The firm,…
(Reuters) -Amazon is joining Microsoft in backing legislation to further curb chipmaker Nvidia‘s ability to export chips to China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The legislation, known as the GAIN AI Act, is also backed by AI startup Anthropic, the report said. Short for Guaranteeing Access and…
LONDON (Reuters) -The U.S. ambassador to London on Wednesday attacked Britain’s approach to nuclear power in an unusually strong criticism on the eve of an expected decision on the development of a site in north Wales. Britain is expected on Thursday to announce its first small modular reactor (SMR) nuclear power station will be located…
This article first appeared on GuruFocus. General Motors (NYSE:GM) is quietly rewiring its global supply chain and the move could reshape how Detroit builds cars. According to Reuters, the company has instructed thousands of suppliers to strip Chinese-made parts from their systems, setting a 2027 target for some to fully cut China ties. What began…
BEIJING (AP) — Spanish King Felipe VI and Chinese President Xi Jinping signed agreements on language exchanges and other areas Wednesday as both sides vowed to strengthen their cooperation. The monarch’s visit comes as Spain, the eurozone’s fourth-largest economy, continues its courtship of China and Chinese investment while the relationship with the United States is…
Shares of healthcare insurance company Molina Healthcare (NYSE:MOH) fell 7% in the afternoon session after President Donald Trump proposed a significant change to the Affordable Care Act (ACA), suggesting federal funds should go directly to people instead of health insurance companies. In social media posts, Trump called insurance companies “money sucking” and argued that people…