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Stocks hesitate in Asia with a lot riding on the Fed

By Wayne Cole SYDNEY (Reuters) -Stocks got off to a quiet start in Asia on Monday ahead of an action-packed week that is seemingly certain to see the U.S. Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series ...
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Oil holds gains as investors eye impact from attacks on Russian energy facilities

By Florence Tan SINGAPORE (Reuters) -Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing U.S. fuel-demand growth. Brent crude futures edged up 3 cents to ...
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OpenAI to share 8% of its revenue with Microsoft, partners, The Information reports

(Reuters) – OpenAI has projected that by the end of the decade it will be sharing about 8% of its revenue with commercial partners, namely Microsoft, down from the current 20%, The Information reported on Friday. The difference between those ...
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China sets 2025 auto sales target below association forecast, vows tighter regulation

SHANGHAI (Reuters) -China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for the year by the China Association of Automobile Manufacturers (CAAM). The target was part of a plan to support stable ...
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Musk’s xAI lays off hundreds of data annotators, Business Insider reports

(Reuters) – Elon Musk’s xAI has laid off at least 500 workers from its data annotation team, which helps develop the company’s Grok chatbot, Business Insider reported on Friday. The company notified employees by email on Friday night that it ...
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Nestle investors call for chairman to step down, FT reports

(Reuters) – Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday. Shareholders told FT the dismissal of former Chief ...
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Unicredit could sell Commerzbank stake to non-EU bank, CEO tells German paper

BERLIN (Reuters) -UniCredit CEO Andrea Orcel said the Italian lender may consider the sale of its stake in Germany’s Commerzbank to a bank outside the European Union if it received a good offer that shareholders wanted, a German newspaper reported on Saturday.  Over the last ...
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China launches discrimination and dumping probes into US chips ahead of trade talks

By Ryan Woo BEIJING (Reuters) -China’s Ministry of Commerce initiated an anti-discrimination investigation into U.S. trade policy over chips on Saturday, as well as a separate investigation into dumping, a day ahead of a new round of U.S.-China trade talks in Spain. The first investigation would ...
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USTR Greer to attend talks with Chinese officials in Madrid on trade, TikTok

By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Jamieson Greer will attend a new round of talks with Chinese officials due to start on Sunday in Madrid on trade and other economic issues including a Wednesday deadline for TikTok to divest its U.S. assets, a ...
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Mortgage rates are falling fast. Is it a good time to buy a home?

(NEW YORK) -- Mortgage rates have fallen rapidly in recent months, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase.The average interest rate on a 30-year fixed mortgage stands at 6.35%, dropping from 6.5% over the week ...
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UAW workers reach tentative deal with GE Aerospace at Ohio, Kentucky plants

(Reuters) -Members of the United Auto Workers union at GE Aerospace’s Evendale, Ohio, and Erlanger, Kentucky, facilities have reached a tentative agreement with the company, the union said on Friday. “Members will vote on ratification on September 19, and until then, all picket lines will ...
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Federal government sues Uber over alleged discrimination against people with disabilities

The federal government said Friday that it is suing Uber for allegedly discriminating against passengers with disabilities. The Department of Justice said Uber drivers routinely refuse to serve individuals with disabilities, including those with service dogs. Uber is the largest ride-hailing company in the U.S. The ...
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