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Morning Bid: AI fizzes and banks are buoyant
By Mike Dolan What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A combination of ongoing optimism over the AI boom, impressive U.S. bank earnings and an...
Thomson Reuters 8h ago
China's retailers extend Singles' Day to five weeks to revive spending
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Chinese retailers are stretching their annual "Singles' Day" sales bonanza to as long as five weeks this year, as the likes of Alibaba and JD.com try to...
Thomson Reuters 8h ago
US lender KeyCorp's profit rises on higher interest income
(Reuters) -KeyCorp reported a jump in third-quarter profit on Thursday as net interest income surged on lower deposit costs and a shift toward higher-yielding assets. Shares in the Cleveland, Ohio-bas...
Thomson Reuters 8h ago
Trump diverts anti-terror funds from Democratic strongholds to Republican states
By Courtney Rozen and Jason Lange WASHINGTON (Reuters) -The Trump administration plans to shift terrorism prevention funding from Democratic-led states toward those led by Republicans, government reco...
Thomson Reuters 8h ago
IKEA sales fall for second year in aggressive price-cutting push
By Greta Rosen Fondahn and Helen Reid STOCKHOLM/LONDON (Reuters) -IKEA's annual sales fell for a second consecutive year, it reported on Thursday, as the budget furniture retailer stuck to a strategy ...
Thomson Reuters 8h ago
Fintech Upgrade raises $165 million, targets IPO in 12 to 18 months
(Reuters) -Consumer finance fintech Upgrade said on Thursday it raised $165 million in its latest funding round, nearly four years after its last external financing during the height of the 2021 finte...
Thomson Reuters 8h ago
African markets impacted by global upheaval, survey shows
By Colleen Goko JOHANNESBURG (Reuters) -Seismic shifts in global trade and funding have weakened many of Africa's financial systems in the past year, although there have also been signs of improvement...
Thomson Reuters 8h ago
How NASA, 'Alien' and Satan collided on a Swiss metal classic
By Dave Graham ZURICH (Reuters) -Tom Fischer was a struggling young Swiss musician in 1984 when Oscar-winning artist H.R. Giger threw him a lifeline: a striking cover for an album that became a heavy ...
Thomson Reuters 8h ago
Salesforce jumps as $60 billion forecast eases revenue growth concerns
(Reuters) -Salesforce shares jumped more than 6% in premarket trading on Thursday, after the company forecast faster revenue growth in the coming years, easing concerns that AI tools were eroding dema...
Thomson Reuters 8h ago
Insurer Travelers' profit jumps on lower catastrophe losses, stronger underwriting
(Reuters) -Insurance bellwether Travelers Companies reported a profit surge in the third quarter on Thursday, helped by lower catastrophe losses, stronger underwriting fees and higher investment retur...
Thomson Reuters 8h ago
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