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US Supreme Court to hear Exxon bid for compensation from Cuban entities

By Jan Wolfe WASHINGTON (Reuters) -The U.S. Supreme Court agreed on Friday to hear ExxonMobil’s bid to obtain compensation from Cuban state-owned firms for oil and gas assets seized in 1960 under a federal law that lets Americans sue foreign companies and individuals over property ...
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US services sector stalls as new orders slow to a crawl, employment weak

By Lucia Mutikani WASHINGTON (Reuters) -U.S. services sector activity stalled in September amid a sharp slowdown in new orders, while subdued employment added to mounting evidence of sluggish labor market conditions because of waning demand and supply of workers. The survey from the Institute for Supply ...
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Airbus cumulative deliveries turn positive in September, Cirium says

PARIS (Reuters) -Airbus delivered a provisional 70 jets in September, lifting the cumulative number of deliveries achieved since the start of the year above the equivalent running total for 2024 for the first time, according to preliminary Cirium data. Data from the UK-based analytics firm ...
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Silicon Valley leader who navigated the internet’s boom and bust sees another wild ride with AI

SAN FRANCISCO (AP) — Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential ...
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Morning Bid: Keep calm and carry on

By Anna Szymanski LONDON (Reuters) -What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Hello Morning Bid readers!  Global equity markets mostly shrugged off the U.S. government shutdown this week, with all three major U.S. indices recording record highs on Thursday ...
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Global equity fund inflows hit 11-month high on Fed rate cut bets

(Reuters) -Global equity funds witnessed robust demand in the week through October 1 as an inline U.S. inflation report and weaker-than-expected private payrolls data renewed hopes of Federal Reserve rate cuts. Investors bought a net $49.19 billion worth of global equity funds during the week, ...
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Tharisa plans to spend $547 million on underground platinum mine project

(Reuters) -South Africa’s Tharisa Plc announced plans on Friday to spend $547 million on an underground platinum group metals mining project over the next decade, betting on the metals being integral to the global shift to cleaner energy technologies. The company will transition its depleting ...
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US equity funds see sharp weekly inflows on rate cut hopes

(Reuters) -U.S. equity funds saw robust inflows in the week to October 1 on renewed bets of rate cuts, as an inflation report eased worries that a buildup in prices would push the Federal Reserve to delay policy support for a weakening labor market. Investors ...
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USA Rare Earth shares surge after report miner in close talks with White House

(Reuters) -USA Rare Earth shares jumped 10% in premarket trading on Friday, after a report that the mining company’s CEO Barbara Humpton said it was in close discussions with the White House. Humpton was addressing a question about the company’s potential interest in striking a ...
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Hopes fade for quick end to shutdown as Trump readies layoffs and cuts

WASHINGTON (AP) — Hopes for a quick end to the government shutdown were fading Friday as Republicans and Democrats dug in for a prolonged fight and President Donald Trump readied plans to unleash layoffs and cuts across the federal government. Senators were headed back ...
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Apple takes down app that allows people to track and anonymously report sightings of ICE agents

Apple has taken down an app that uses crowdsourcing to flag sightings of U.S. immigration agents, apparently after being pressured by U.S. authorities. ICEBlock, a free iPhone-only app lets users anonymously report and monitor activity by Immigration and Customs Enforcement (ICE) officers, was no ...
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Wall Street futures climb in final session of volatile week

(Reuters) -U.S. stock index futures rose on Friday as hopes of an interest rate cut underpinned sentiment in the final trading session of a volatile week, marked by a government shutdown that has dragged into its third day. The shutdown, which began on Wednesday, has ...
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