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Asian shares advance, yen slips after AI stocks push higher on Wall Street
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Wednesday, October 8
by
SRN News
Emerging market portfolio inflows drop to $26 billion, lowest level since May, IIF says
By Rodrigo Campos NEW YORK (Reuters) -Foreigners added just over $26 billion to their emerging markets debt and equity portfolios in September, the lowest since May, with the largest outflow from Chinese stocks since November, signaling investor apprehension toward EMs, according to a report from ...
Wednesday, October 8
by
SRN News
Silver rises to all-time high, tracking gold’s record-breaking rally
(Reuters) -Silver soared to a record high on Wednesday, riding the coattails of gold’s unprecedented rally above the $4,000/oz level earlier in the session. Spot silver was up 3.5% at $49.54 per ounce by 1611 GMT. (Reporting by Anushree Mukherjee and Anjana Anil in ...
Wednesday, October 8
by
SRN News
Gold shatters $4,000 milestone, silver belts record high as investors rush to safety
By Anmol Choubey and Anushree Mukherjee (Reuters) -Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. interest rate cuts sent investors flocking to ...
Wednesday, October 8
by
SRN News
Brazil’s soybean exports to hit record as US out of market, Chinese demand strong
By Roberto Samora SAO PAULO (Reuters) -Brazil’s soybean exports are expected to reach 102.2 million tons through end-October, surpassing annual volumes for the whole of 2024 and 2023, reflecting the absence of U.S. competitors serving Chinese importers, grain exporter group Anec data showed on Wednesday. The ...
Wednesday, October 8
by
SRN News
Salesforce to spend $1 billion in Mexico over next five years to drive AI adoption
(Reuters) -Salesforce said on Wednesday it would spend $1 billion in Mexico over the next five years, as the cloud software provider looks to expand its operations and drive artificial intelligence adoption. The company, which began operating in Mexico in 2006, said the investment will ...
Wednesday, October 8
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SRN News
This year’s MacArthur Foundation’s ‘genius’ award winners hold a mirror up to our world
A political scientist who studies what helps people connect across differences. A novelist whose books about Native American communities in Oakland, California, sparked a passionate following. A photographer whose black and white images investigate poverty in America. Hahrie Han, Tommy Orange and Matt Black ...
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Wednesday, October 8
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SRN News
The MacArthur Foundation’s ‘genius’ fellows: The full 2025 class list
The John D. and Catherine T. MacArthur Foundation announced its 2025 class of fellows on Wednesday, a prize often called the “genius award.” The MacArthur fellows receive a $800,000 prize paid out over five years that they can spend however they choose. The foundation selects ...
Wednesday, October 8
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SRN News
Analysis-Performance Food seems to warm to rival US Foods in play to create behemoth
By Svea Herbst-Bayliss and Abigail Summerville NEW YORK(Reuters) -US Foods has long had its eye on rival Performance Food, arguing a potential tie-up between the nation’s No. 2 and No. 3 food service distributors could lead to more growth, challenge industry leader Sysco and cut ...
Wednesday, October 8
by
SRN News
Slower production growth will push copper market to deficit in 2026, says ICSG
LONDON (Reuters) -The global refined copper market is expected to swing to a deficit of 150,000 metric tons in 2026 from the previously expected surplus of 209,000 tons due to slower production growth, the International Copper Study Group (ICSG) said. Copper prices briefly hit a ...
Wednesday, October 8
by
SRN News
Gold shatters $4,000 milestone as investors rush to safety
By Anmol Choubey and Anushree Mukherjee (Reuters) -Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. interest rate cuts sent investors flocking to ...
Wednesday, October 8
by
SRN News
Airlines brace for third day of flight delays as shutdown persists
By David Shepardson BALTIMORE (Reuters) -Major U.S. airlines are bracing for a third straight day of delays on Wednesday as the U.S. Federal Aviation Administration faces higher-than-normal staffing issues for air traffic controllers as the stalemate over funding the government continues. There were nearly 10,000 flight ...
Wednesday, October 8
by
SRN News
Fire at aluminum plant to hit Ford’s bottom line by up to $1 billion, analyst says
By Nora Eckert DETROIT (Reuters) -A fire at a New York aluminum plant that is expected to affect production of Ford Motor’s F-150 truck for months will sap up to $1 billion from the automaker’s earnings, according to a Wednesday note from Evercore ISI analysts. The ...
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