By Julie Ingwersen and Heather Schlitz CHICAGO (Reuters) – U.S. farmers are harvesting two of the largest corn and soybean crops in history at the fastest pace in years, straining their physical capabilities and their grain storage capacity. The massive influx of crops is testing growers who are already grappling with grain prices near four-year …
Speedy US corn and soy harvests strain farmers, storage capacity Read More »
SHANGHAI (Reuters) -China’s central bank conducted its first operations on Monday under a swap facility designed to bolster the stock market, exchanging assets worth 50 billion yuan ($7 billion) with brokerages, fund companies and insurers. The People’s Bank of China (PBOC) said 20 institutions participated in the swap operations with a fee rate of 20 …
China central bank conducts first operations under swap facility to bolster stock market Read More »
By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund’s low-ball bid, the company’s creditors said in new court filings against the deal. The backlash to Elliott Investment …
Citgo auction creditors assail Elliott bid, seek rival offers Read More »
By Akash Sriram and Abhirup Roy (Reuters) – Tesla’s investors and analysts will get a chance to grill CEO Elon Musk on his robotaxi plans on Wednesday when the electric automaker reports its quarterly results, after a much-hyped unveil this month that lacked key details and slammed shares. Musk’s roughly 20-minute introduction to the self-driving …
Musk to face questions on Tesla’s robotaxi bets on results day Read More »
(Reuters) -China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business. It will sell the stake in Fast Food Holdings to a unit of Chinese private equity firm Trustar Capital Partners, CITIC said in …
CITIC to sell stake in McDonald’s China, HK operations for $430.3 million Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan A relatively quiet start to the week for world markets leaves Wall Street pondering the sustainability of the recent record highs as corporate earnings updates pour in, the S&P500 index nears 6,000 and the election looms. The peculiar sight of a …
Morning Bid: Holding stock records, with a golden hedge Read More »
By Lisa Richwine LOS ANGELES (Reuters) – Actor Jennifer Garner had a warning for a crowd of “Moms for Harris” gathered at a tearoom in Tucson, Arizona: Be prepared to see more Hollywood stars visiting your state to talk about the Nov. 5 election. “Jessica Alba, Kerry Washington – my colleagues and friends – will be …
Hollywood stars hit the road to push vote for Harris Read More »
By Bo Erickson WASHINGTON (Reuters) – Former union leader Dan Osborn’s independent run for U.S. Senate in deeply Republican Nebraska has shown unexpected strength and if he pulls off an upset victory could make the Navy veteran a Washington wild card next year. A series of recent polls has shown Osborn within striking distance of …
Nebraska independent Dan Osborn could be poised to shake up US Senate Read More »
By Aditya Soni (Reuters) -Microsoft will allow its customers to build autonomous artificial intelligence agents from next month, in its latest push to tap the booming technology amid growing investor scrutiny of its hefty AI investments. The company is positioning autonomous agents – programs that need little human intervention unlike chatbots – as “apps for …
Microsoft to let clients build AI agents for routine tasks from November Read More »
By Steve Holland and Andrea Shalal NEW YORK/PHILADELPHIA (Reuters) – Republican presidential candidate Donald Trump will visit North Carolina on Monday amid concerns from his Republican allies that crippling damage from storm Helene will depress turnout in the battleground state’s conservative mountain regions. Democratic candidate Kamala Harris planned to campaign in Wisconsin, Michigan and Pennsylvania …
Trump to visit storm-hit North Carolina, Harris to campaign with Republican Liz Cheney Read More »
