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How does Tesla get to $8.5 trillion value? Robots, robotaxis and hope

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -How can Tesla become an $8.5 trillion company? That’s the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new pay package announced last week.    Selling 100 million humanoid robots in a ...
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Palestinian beer defies the odds and goes on sale in Britain with help from Scottish brewer

LONDON (AP) — A Palestinian beer managed to find its way to British store shelves this week from the Israeli-occupied West Bank despite onerous border checks, a distance of some 2,500 miles (4,000 kilometers) and a raging war in the region. How it got here ...
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Goldman CEO says T. Rowe deal gives investors access to retirement products

By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs’ “small investment” of up to $1 billion in asset manager T. Rowe Price is aimed at giving investors broader access to private markets, CEO David Solomon said on Monday. Solomon was explaining the rationale for the investment announced ...
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US clothing retailers test full-price strategy as rich shoppers keep spending

By Siddharth Cavale NEW YORK (Reuters) -A handful of apparel retailers including Levi Strauss are teasing more full-priced products, testing how much wealthier shoppers are willing to pay despite the sobering effect of tariffs. They have not been disappointed so far. Levi’s raised prices on some products ...
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Rupert Murdoch’s family reaches deal on who will control media empire after his death

Rupert Murdoch’s family has reached a deal on control of the 94-year-old mogul’s media empire after his death, ensuring no change in direction at Fox News, the most popular network for President Donald Trump and conservatives. The deal creates a trust establishing control of the ...
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US tariffs on Japanese goods to be cut by Sept 16, Japan’s Akazawa says on X

TOKYO (Reuters) -U.S. tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan’s tariff negotiator Ryosei Akazawa said in an X post on Tuesday. Citing a U.S. Federal Register document dated September 9 that formalised President Donald ...
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Nebius signs $17.4 billion dollar AI infrastructure deal with Microsoft

(Reuters) -Nebius Group said on Monday it will provide Microsoft with GPU infrastructure capacity, in a deal worth $17.4 billion, over a five-year term. Shares of AI infrastructure firm Nebius rose 33% after the bell. The demand for data centers has surged as businesses are ...
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ANZ Bank expects 3,500 staff exits by September 2026

(Reuters) -Australia’s ANZ Group said on Tuesday it expects about 3,500 employees to leave the group by September 2026.(Reporting by Rajasik Mukherjee; Editing by Mohammed Safi Shamsi) Brought to you by www.srnnews.com
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Fed approaches Easy Street, political pots boil

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  World stocks rallied and gold leaped to new highs on Monday as investors cemented bets that U.S. interest rates will be cut next week, while political ructions ...
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Nasdaq hits record high as traders focus on rate cuts

(Reuters) – The Nasdaq climbed to a record high on Monday, lifted by a rally in Broadcom, while the S&P 500 rose marginally as investors bet the Federal Reserve will soon lower borrowing costs to shore up economic growth. Investors expect multiple interest rate cuts ...
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Analysis-ConocoPhillips’ deep layoffs highlight need for capital discipline, analysts say

By Sheila Dang and Arathy Somasekhar HOUSTON (Reuters) -ConocoPhillips must sharpen its focus on capital discipline and investment priorities in order to regain its competitiveness against peers as oil prices and revenues fall, investors and analysts said, after the company announced last week it would ...
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Trader Joe’s can sue employee union over trademarks, US appeals court rules

By Jonathan Stempel (Reuters) -A federal appeals court on Monday revived a Trader Joe’s lawsuit accusing a fledgling employee union of trademark infringement for selling t-shirts, buttons, mugs and reusable tote bags featuring the grocery chain’s distinctive red typeface and logo. In a 3-0 decision, The ...
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