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FAA issues safety alert on risks posed by passenger lithium batteries

WASHINGTON (Reuters) -The Federal Aviation Administration on Tuesday issued a safety alert to airlines over risks from lithium batteries in aircraft passenger compartments, citing a large number of serious incidents. The FAA recommended airlines adopt risk mitigation strategies including clear messaging to address potential fire ...
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Google Cloud anticipates at least $58 billion revenue boost over next two years

By Kenrick Cai SAN FRANCISCO (Reuters) -Alphabet’s Google Cloud revealed Tuesday it has lined up about $58 billion in new revenue over the next two years as it vies to become a more central component of the tech giant’s future. The company said during its July earnings ...
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Exporting Brazilian coffee beans to US via third countries not an option, industry says

By Oliver Griffin SAO PAULO (Reuters) -Re-exporting Brazilian coffee beans via third countries is not a strong alternative for getting past U.S. import tariffs, while the country’s instant coffee industry has seen a significant drop in sales to the United States, industry leaders said on ...
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US payrolls benchmark revision estimate suggests labor market weaker than previously thought

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already stalling before President Donald Trump’s aggressive tariffs ...
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Citigroup CFO expects investment banking fees and market revenue to grow by mid-single digits rate in Q3

NEW YORK (Reuters) -Citigroup Chief Financial Officer Mark Mason said at a conference in New York that investment banking fees and market revenue are expected to rise by mid-single digits in the third quarter compared to a year earlier. Mason also said the global revenue ...
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Katseye discusses their whirlwind year and, yes, that Gap ad

The experiment was a remarkable success. In 2023, the Hybe Corporation and Geffen Records set out on a quest to create a massively popular global girl group. The following year, their process was documented on the Netflix series “Popstar Academy: Katseye.” That June, the ...
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Microsoft mandates three-day work-from-office starting next year

(Reuters) -Microsoft will require employees to work from office at least three days a week starting next year, the company said in a blog post on Tuesday. The policy will be rolled out in three phases, starting with employees near the company’s headquarters in ...
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Wells Fargo says US consumer finances are strong, with good credit

By Nupur Anand NEW YORK (Reuters) -U.S. consumers are raising spending and paying bills on time, reflecting their continued financial health, said Wells Fargo Chief Financial Officer Mike Santomassimo on Tuesday. “Despite what you may read in terms of softening, we are seeing activity levels ...
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Airbus on track to hit delivery target despite engine delays, CEO says

By Allison Lampert, Doyinsola Oladipo and David Shepardson WASHINGTON (Reuters) – Airbus CEO Guillaume Faury said on Tuesday that the situation of completed airframes waiting for delayed engine deliveries has improved, but the European planemaker continues to need more engines as ...
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Factbox-Hedge funds ride August highs to keep returns positive

By Nell Mackenzie LONDON (Reuters) – Hedge fund returns were buoyed in August as stock markets raced to fresh highs, particularly in the United States and Asia, and shares in health care and technology industries rallied, bank reports and sources familiar ...
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US container imports up in August, tariff turmoil dims year-end outlook

By Lisa Baertlein LOS ANGELES (Reuters) – U.S. imports of containerized goods rose 1.6% year-over-year in August, even as volume from China and other key suppliers tumbled amid uncertainty over President Donald Trump’s trade policy, supply chain technology provider Descartes said ...
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Nvidia unveils AI chips for video, software generation

(Reuters) -Nvidia said on Tuesday it would launch a new artificial intelligence chip by the end of next year, designed to handle complex functions such as creating videos and software. The chips, dubbed “Rubin CPX”, will be built on Nvidia’s next-generation Rubin architecture — the ...
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