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Exclusive-Blackstone weighs options for Ancestry.com, including sale or IPO, sources say

By Echo Wang NEW YORK (Reuters) -Blackstone is weighing strategic options, including an initial public offering or a sale, for Ancestry.com, the hugely popular platform that helps users trace their genealogical roots, people familiar with the matter said. The buyout firm invited banks to pitch for ...
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Relentless US stocks rally could teeter on inflation, earnings, valuation risks

By Lewis Krauskopf NEW YORK (Reuters) -U.S. stocks have hit a string of record highs with minimal turbulence over the past few months, but investors say the rally could be undermined by persistently high inflation, possible earnings disappointments and elevated valuations. The S&P 500 has posted ...
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Toyota launches Woven City test site near Mt. Fuji for tech testing

By Daniel Leussink and Maki Shiraki SUSONO, Japan (Reuters) -Toyota Motor opened the first section of its Woven City testing site near Japan’s Mt. Fuji on Thursday, more than five years after unveiling the project aimed at accelerating real-world trials of next-generation technologies. The global automotive ...
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Singapore threatens fines for Meta over Facebook impersonation scams 

SINGAPORE (Reuters) -The Singapore government said on Thursday it has given Meta Platforms until the end of this month to introduce measures including facial recognition to help curb impersonation scams on Facebook.   Meta faces a fine of up to S$1 million ($776,639) if it ...
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Morning Bid: Stocks take a breather

A look at the day ahead in European and global markets from Stella Qiu After relentlessly pushing higher and higher, global share markets seem to have run out of reasons to rally further as investors come to grips with how stretched valuations are. Wall Street closed ...
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Woodside partners with Japan Suiso Energy, KEPCO for liquid hydrogen supply chain

(Reuters) -Australian oil and gas producer Woodside Energy is teaming up with Japan Suiso Energy (JSE) and utility firm Kansai Electric Power Co (KEPCO) to develop a liquid hydrogen supply chain between the two countries, the companies said on Thursday. The companies have signed a ...
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Irenic Capital moves to rustle up takeover interest in Upper Crust owner SSP, FT reports

(Reuters) -Activist hedge fund Irenic Capital Management is trying to drum up interest in a take-private deal for Upper Crust owner SSP Group after boosting its stake in the food-to-go operator, the Financial Times reported on Thursday. Reuters could not immediately verify the report. Irenic ...
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Asian shares are mostly higher after Wall Street’s rally loses steam

MANILA, Philippines (AP) — Asian shares were mixed on Thursday, with major markets mostly higher despite overnight losses on Wall Street. U.S. futures edged higher while oil prices fell. Japan’s Nikkei 225 recovered from earlier losses, gaining 0.3% to 45,768.68. Minutes from the Bank ...
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Hard pass. Cold brew. Dad bod. Merriam-Webster adds over 5,000 words to ‘Collegiate’ dictionary

NEW YORK (AP) — Word nerd alert: Merriam-Webster announced Thursday it has taken the rare step of fully revising and reimagining one of its most popular dictionaries with a fresh edition that adds over 5,000 new words, including “petrichor,” “teraflop,” “dumbphone” and “ghost kitchen.” The ...
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Oil pulls back from 7-week high as traders ponder supply-demand uncertainty

By Sam Li and Trixie Yap (Reuters) -Oil prices eased in Asian trade on Thursday, retreating from a seven-week high reached in the prior session as some investors took money off the table due to uncertainty around the supply-demand outlook. Brent futures slipped 26 cents, ...
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Goldman Sachs downgrades copper supply forecast after Grasberg mine disruption

By Anmol Choubey (Reuters) -Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia’s Grasberg, the world’s second-largest copper mine. The incident, which occurred on September 8, trapped workers underground due to heavy mud flow, prompting ...
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BYD outsells Tesla in EU for second month, Stellantis returns to sales growth

By Alessandro Parodi (Reuters) -Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday. Stellantis returned ...
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