S&P, Dow set for higher open as inflation data boosts rate-pause hopes
(Reuters) – The S&P 500 and the Dow were set to open higher on Thursday as a keenly awaited inflation…
Federal prosecutors investigate Tesla performance claims
The Wall Street Journal reported Wednesday that federal prosecutors are looking into Tesla’s (NASDAQ:TSLA) vehicle performance claims following a July…
Japan budget demands hit record as BOJ tweaks raise borrowing costs -sources
(Reuters) – Japan’s budget demands will hit a record for the next fiscal year, exceeding 112 trillion yen ($767 billion),…
Euro zone inflation unexpectedly steady in August but core drops
(Reuters) – Euro zone inflation held steady this month but underlying price growth fell as expected, a mixed picture that…
After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobs
(Reuters) -UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying on Thursday it…
US curbs AI chip exports from Nvidia and AMD to some Middle East countries
(Reuters) – The U.S. expanded the restriction of exports of sophisticated Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) artificial-intelligence chips…
Asia FX treads water between mixed China PMIs and Fed pause bets
Most Asian currencies moved little on Thursday as markets weighed weak economic data from China against growing bets that the…
Tesla faces federal probe over vehicle range after Reuters report
(Reuters) – Federal prosecutors are looking into Tesla (NASDAQ:TSLA) performance claims after Reuters reported the electric carmaker exaggerated the potential…
Japan stocks higher at close of trade; Nikkei 225 up 0.74%
Japan stocks were higher after the close on Thursday, as gains in the Precision Instruments, Shipbuilding and Banking sectors led…
US insurers brace for Idalia claims, UBS estimates $9.36 billion cost in Florida
(Reuters) -Insurers were expected to face claims for billions of dollars from Hurricane Idalia which made landfall in Florida on…