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Fed’s Paulson is ‘cautiously’ approaching December rate decision, she says 

(Reuters) -Philadelphia Federal Reserve President Anna Paulson said on Thursday she is approaching the U.S. central bank's next meeting "cautiously," despite supporting its last two interest rate cuts, as the threat of prolonged high inflation needs to be balanced with the risk of rising ...
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Singapore says Q3 GDP grows 4.2% y/y, upgrades 2025 forecast

SINGAPORE (Reuters) -Singapore on Friday upgraded its economic outlook for 2025 as third-quarter gross domestic product growth beat market expectations and initial estimates. GDP rose 4.2% in the third quarter from a year earlier, government data showed, faster than the 2.9% official advance estimate released ...
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Volkswagen debuts restored vintage blue bus that survived a California wildfire and melted hearts

LOS ANGELES (AP) - A vintage blue VW bus that became an unlikely symbol of resilience after it survived a California wildfire made its public debut this week, shiny and like-new after Volkswagen spent months restoring the damaged vehicle. The bus went viral in ...
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FAA gives $10K bonuses only to air traffic controllers with perfect attendance during shutdown

Only 776 of the more than 10,000 air traffic controllers who had to work without pay during the record shutdown will receive the $10,000 bonuses that President Donald Trump suggested because they are the only ones that had perfect attendance, officials announced Thursday. A number ...
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Frida Kahlo self-portrait could shatter auction record among female artists

A 1940 self-portrait by famed Mexican artist Frida Kahlo of her asleep in a bed could make history Thursday when it goes on sale by Sotheby's in New York. With an estimated price of $40 million to $60 million, "El sueño (La cama)" - in ...
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Big swings keep rocking Wall Street as US stocks drop sharply after erasing a morning surge

NEW YORK (AP) - Jarring swings keep rocking Wall Street, and U.S. stocks erased a big morning gain to drop on Thursday as the market remains skittish following weeks of doubts and erratic moves. After initially soaring toward what seemed like its best day since ...
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US banks shelve $20 billion bailout plan for Argentina, WSJ reports

(Reuters) -A planned $20 billion bailout to Argentina from JPMorgan Chase, Bank of America and Citigroup has been shelved as bankers pivot instead to a smaller, short-term loan package, the Wall Street Journal reported on Thursday, citing sources. In October, the U.S. Treasury tied up ...
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Restaurant chain California Pizza Kitchen to be acquired by investor group, sources say

By Abigail Summerville (Reuters) -California Pizza Kitchen has signed a deal to be acquired by an investor group led by Consortium Brand Partners and including Todd Boehly's investment firm Eldridge Industries, for under $300 million, according to sources familiar with the matter. The investment represents an ...
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Trading Day: Nvidia sparkle vanishes, Wall Street slammed

By Jamie McGeever ORLANDO, Florida (Reuters) -Wall Street experienced a wild rollercoaster ride on Thursday, opening sharply higher on another set of strong results from artificial intelligence giant Nvidia, only to end deep in the red as investors reassessed that optimism and mixed signals from ...
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Joby Aviation sues air-taxi rival Archer over trade secrets

By Blake Brittain (Reuters) -Electric air-taxi company Joby Aviation has sued rival Archer Aviation in California state court for allegedly stealing its trade secrets, according to a complaint made public on Thursday. Joby said in the lawsuit, filed on Wednesday in state court in Santa Cruz, ...
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Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout

By Daniel Leussink, Maki Shiraki and David Dolan TOKYO (Reuters) -Foxconn will invest $2 billion to $3 billion a year in AI, the head of the world's largest contract electronics maker told Reuters. Foxconn Chairman Young Liu also said he expects a shakeout in China's crowded ...
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China’s private REITs offer new funding path for property firms

By Li Gu and Clare Jim SHANGHAI/HONG KONG (Reuters) -China's nascent private REIT market has emerged as a rare bright spot for cash-strapped developers, with a record fundraising pipeline of $12 billion for this year, driven by rising investor demand for higher yields. Launched in 2023, ...
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