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Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
14+ hour, 17+ min ago (641+ words) SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in…...
Nepal tunnel survivor finds solace in village homecoming
1+ day, 36+ min ago (447+ words) TILATHI KOILADI, Nepal, Sept 13 (Reuters) – After nine days trapped in a hydropower tunnel and a week of hospital care following his dramatic rescue, Sanjay Sah, a rare survivor of last month’s devastating glacier collapse in Nepal, finally returned to his…...
Morning Bid: Forever war? | WKZO | Everything Kalamazoo | 590 AM · 106.9 FM
4+ day, 4+ hour ago (527+ words) Sept 10 (Reuters) – Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November’s midterm elections. That came amid the most intense attacks on Gulf shipping in the…...
Bond yields hit multi-year highs as traders brace for new ECB rate-hike cycle
3+ day, 22+ hour ago (649+ words) LONDON, Sept 10 (Reuters) – Traders in the euro area were bracing for interest rate hikes well into next year on Thursday as the European Central Bank hiked borrowing costs and increased its inflation forecast, just as oil prices jumped again due…...
AI chip startup Positron’s valuation skyrockets in latest funding round
3+ day, 23+ hour ago (269+ words) Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 million in…...
US wholesale inventories surge in July
3+ day, 23+ hour ago (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...
Exclusive-Major Novartis shareholder calls for board shake-up after drug trial setbacks
4+ day, 4+ hour ago (526+ words) By Oliver Hirt and Marleen Kaesebier ZURICH, Sept 10 (Reuters) – A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker’s board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial…...
ECB lifts growth, inflation projections
4+ day, 1+ hour ago (217+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised some of its growth projections on Thursday and also lifted its inflation outlook, suggesting that it expects a war-induced energy shock to dissipate only slowly. Inflation soared past 3% this summer and is…...
Wall St set for lower open after hotter-than-expected producer inflation data
4+ day, 1+ hour ago (587+ words) By Tharuniyaa Lakshmi and Niket Nishant Sept 10 (Reuters) – Wall Street’s main indexes were set for a lower open on Thursday after data reinforced concerns that price pressures were rising faster than expected against the backdrop of an escalating conflict in…...
JetBlue raises third-quarter fuel price forecast
4+ day, 2+ hour ago (171+ words) Sept 10 (Reuters) – JetBlue Airways expects to pay more for fuel in the third quarter as the Iran war keeps prices elevated, while demand for travel remains strong. The carrier said on Thursday it expects to pay $3.96 per gallon for fuel…...