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US equity funds draw weekly inflows as AI boost sparks renewed demand

(Reuters) -U.S. equity funds attracted fresh cash in the week to September 24, snapping two-weeks of outflows, as risk sentiment improved following Nvidia’s announcement of a potential $100 billion investment in OpenAI. Investors bought a net $12.06 billion worth of U.S. equity funds during the ...
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INSTANT VIEW – US PCE matches expectations in August

By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index (PCE) rose 0.3% in August, versus the prior 0.2% rise in July and matched the estimate of economists polled by Reuters. In the 12 months through August, ...
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Fed’s Barkin: Risks to both inflation, jobs, may be limited

By Howard Schneider WASHINGTON (Reuters) -Richmond Federal Reserve President Thomas Barkin said Friday he sees limited risks of a big rise in either unemployment or inflation, letting the Fed balance its two goals as it debates further interest rate cuts. “Our focus is more about balance,” ...
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Fed’s favored inflation gauge accelerates slightly in August

WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% ...
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Big pharma stocks rise as Street reacts to latest presidential tariff plan

Shares of some big drugmakers rose Friday as Wall Street started sorting out the impact of President Donald Trump’s latest tariff announcement. The president said late Thursday that he would place 100% import taxes on pharmaceuticals starting Oct. 1, but those tariffs would not apply ...
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Canadian natgas producers cut output amid record low prices

By Amanda Stephenson and Scott DiSavino (Reuters) -Some natural gas producers in Western Canada are aggressively cutting output in an effort to ease an ongoing glut that this week tipped prices for the fuel into record negative territory, companies and analysts said. Daily spot prices at the Alberta ...
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Investors look to jobs data to support rate-cut path, pricey stock market

By Lewis Krauskopf NEW YORK (Reuters) -Next week’s U.S. jobs data may need to tread a fine line for Wall Street, revealing a cooling labor market that supports further interest rate cuts without fueling fears about a recession. While stocks have edged lower this week, U.S. ...
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Morning Bid: Fed’s tough job gets harder

By Anna Szymanski LONDON (Reuters) -Check out what the ROI team are excited to read, watch and listen to over the weekend. From the Editor: Hello Morning Bid readers!  The job of the U.S. Federal Reserve was made a bit harder yesterday. First, there was news that ...
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Hungary’s Orbán tells Trump that dropping Russian energy would bring economy ‘to its knees’

BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orbán said Friday that Hungary will continue to source fossil fuels from Russia despite demands from his ally U.S. President Donald Trump, and that he’d informed the president that dropping Russian energy would be a “disaster” ...
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More US tariffs? China’s ‘Furniture Kingdom’ says it’s already moved on

By David Kirton FOSHAN, China (Reuters) -In China’s “Furniture Kingdom” of Lecong, home to a strip of cavernous malls, vendors shrugged off the latest round of tariffs from Washington, saying they’ve long given up on the U.S. market. As part of his latest tariff onslaught, ...
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Trump’s energy pivot accelerates US solar and wind power mergers, asset sales

By Pooja Menon and Sumit Saha (Reuters) -The Trump administration’s rapid retreat from renewable energy has kicked off consolidation and asset sales among smaller U.S. solar and wind power companies as they scramble to stay afloat, industry insiders and analysts said. President Donald ...
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Perpetua Resources in talks with Glencore, others for US antimony processing

By Ernest Scheyder (Reuters) -Perpetua Resources said on Thursday it is in talks with Glencore, Trafigura and others about a partnership to refine antimony in the U.S., part of a push to boost Western supplies of a critical mineral whose exports China has blocked. The company, ...
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