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Morning Bid: Pain thresholds

By Amanda Cooper LONDON (Reuters) -What matters in U.S. and global markets today By Amanda Cooper, Editor, Markets Breaking News, Europe Markets are digesting mixed signals this morning: Wall Street cooled after hitting record highs, Asia is riding an AI-driven surge, and gold has smashed through $3,750 ...
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Factbox-Companies pouring billions to advance AI infrastructure

(Reuters) -Nvidia is set to invest up to $100 billion in OpenAI and supply it with data center chips, in a deal that gives the chipmaker a financial stake in the world’s most prominent AI company, which is already an important customer. Investments in systems ...
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Volvo Cars to produce new US model amid tariff pressure

STOCKHOLM (Reuters) -Volvo Cars said on Tuesday it will begin producing a new hybrid model in the United States by the end of this decade as the Swedish auto maker continues to adjust to President Donald Trump’s tariff policies. The new model, details of which ...
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Analysis-US Treasury’s support for Argentina gives peso, Milei friendly leg-up, for now

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent’s pledge of “large and forceful” actions to stabilize Argentina’s wobbling currency by using a 91-year-old U.S. crisis fund could help the peso find its footing, at least for a while. Bessent’s backstop ...
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Full impact of U.S. tariff shock yet to come as growth holds up, OECD says

By Leigh Thomas PARIS (Reuters) -Global growth is holding up better than expected, but the full brunt of the U.S. import tariff shock is still to be felt as AI investment props up U.S. activity for now and fiscal support cushions China’s slowdown, the OECD ...
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Jaguar Land Rover says a shutdown will continue until at least Oct 1 after cyberattack

LONDON (AP) — Jaguar Land Rover said Tuesday that its production lines, shut down after a cyberattack in August, will remain at a halt until at least Oct. 1. Britain’s biggest automaker sent workers home from its factories in central and northwest England on Aug. ...
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Spirit Airlines bankruptcy threatens small towns’ flights

By Doyinsola Oladipo NEW YORK (Reuters) -If Spirit Airlines slashes or eliminates service at Arnold Palmer Regional Airport due to the carrier’s second bankruptcy in a year, residents of Latrobe, Pennsylvania, may soon have to drive 65 miles to Pittsburgh if they need to fly ...
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Oil little changed as traders assess supply risks

By Anjana Anil (Reuters) -Oil prices were little changed on Tuesday as traders contemplated the impacts of ongoing geopolitical tensions in the Middle East and Russia, while worries over trade tariffs that could dampen fuel demand persisted. Brent crude futures were almost steady at $66.56 a ...
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Australia’s Myer Holdings swings to annual loss, shares tumble

(Reuters) -Australia’s Myer Holdings on Tuesday swung to a loss for fiscal 2025 after incurring a one-off, non-cash impairment for Myer Apparel Brands goodwill. Shares of the company dropped as much as 23.4% to A$0.49, their lowest level since late-November, 2023. The broader S&P/ASX 200 ...
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Dollar pauses for breath with Fed speakers in focus

By Gregor Stuart Hunter SINGAPORE (Reuters) -The U.S. dollar faced continued pressure in early trading in Asia on Tuesday as traders parsed comments by members of the Federal Reserve for clues on the path of interest rates. The greenback edged lower, extending declines after snapping a ...
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CFPB ends monitoring of Apple, U.S. Bank years ahead of schedule

By Christian Martinez (Reuters) -The Consumer Financial Protection Bureau has scraped settlements with Apple and U.S. Bank that were implemented under former President Joe Biden’s administration, ending oversight requirements years early, according to court filings dated earlier this month. The moves follow efforts by President ...
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Asia stocks buoyed by AI rush, gold at fresh peaks

By Wayne Cole SYDNEY (Reuters) -Asian share markets looked to build on recent hefty gains on Tuesday as optimism around all things AI sucked money into the tech sector, while wagers on several more U.S. interest rate cuts kept gold on a hot streak. Wall Street ...
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