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South Korea says it flagged Hyundai US investment plan concerns

By Hyunjoo Jin SEOUL (Reuters) -South Korea’s industry minister said on Monday that the government had expressed concerns over Hyundai announcing multi-billion dollar U.S. investment plans at the same time as Seoul was involved in delicate trade negotiations with Washington. “We told Hyundai that (its) conduct ...
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Beyond Meat slumps as shareholders agonize over debt exchange offer

(Reuters News) -Beyond Meat shares tumbled as much as 58% on Monday after the plant-based meat maker announced an early settlement of an exchange offer with its bondholders through the issue of fresh shares and notes to manage its debt. Once a Wall Street darling, ...
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Fed’s Paulson sees more rate cuts ahead to bolster job market

By Michael S. Derby (Reuters) -In her first speech as head of the Philadelphia Federal Reserve, Anna Paulson said on Monday that rising risks to the job market argue for more interest rate cuts by the U.S. central bank, as trade tariffs are unlikely to ...
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OpenAI partners with Broadcom to design its own AI chips

SAN FRANCISCO (AP) — OpenAI said Monday it is working with chipmaker Broadcom to design its own artificial intelligence computer chips. The two California companies didn’t disclose the financial terms of the deal but said they will start deploying the new racks of customized “AI ...
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Amazon to hire 250,000 workers during holiday season for third straight year

(Reuters) -Amazon said it plans to hire 250,000 workers for the holiday season across its fulfillment and transportation networks in the U.S., the same number as the last two years, as the e-commerce behemoth prepares for a surge in orders. The announcement on Monday, however, ...
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iPhone Air to begin pre-order in China after telecom operators approved for eSIM services

BEIJING (Reuters) -Apple’s iPhone Air would be available for pre-order in China later this week, as major Chinese telecom operators obtained regulatory approvals for eSIM services, the company said on Monday. The iPhone Air, priced from 7,999 yuan ($1,121.56), will be the only model in ...
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Power Integrations joins work with Nvidia on power supply push 

By Stephen Nellis SAN FRANCISCO (Reuters) -Power Integrations, a niche chipmaker that provides chips for handling power, on Monday said it is working with Nvidia on the artificial intelligence giant’s push to make data centers operate at higher voltages. Nvidia earlier this year unveiled an effort ...
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Codelco lifts El Teniente loss estimate, copper output target intact

By Pratima Desai LONDON (Reuters) – Codelco’s copper losses from the accident at its El Teniente mine are likely to be 45% higher than previously estimated, but Chairman Maximo Pacheco still expects the world’s largest copper miner to slightly increase output ...
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Factbox-From OpenAI to Meta, firms channel billions into AI infrastructure as demand booms

(Reuters) -OpenAI has partnered with Broadcom to produce its first in-house artificial intelligence processors, the latest tie-up for the world’s most valuable startup for computing power amid surging demand for its services. The companies said OpenAI would design the chips, which Broadcom will develop and ...
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First Brands CEO James resigns amid bankruptcy process; turnaround expert in charge

(Reuters) -First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring Officer Charles Moore on an interim basis, as the auto parts maker advances its Chapter 11 bankruptcy process. The Ohio-based company, which makes filters, ...
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Hedge funds shift focus to global industrials, shed US stocks

By Nell Mackenzie LONDON (Reuters) -Hedge funds last week rushed into global industrial stocks and dumped U.S. equities, which on Friday suffered their worst one-day sell-off since April as tariff woes resurfaced, Goldman Sachs said in two notes.  Hedge funds held more short than long positions ...
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US retailers brace for impact as Trump’s 100% China tariffs loom

By Savyata Mishra (Reuters) -U.S. President Donald Trump’s threat of additional 100% tariffs on Chinese imports has sounded alarm bells among retail and trade experts, who caution it could lead to more price increases and squeeze demand. The fresh levies, set to take effect November ...
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