CMPNY

Pound jumps after UK tax cut rescinded, oil climbs higher

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from …

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Musk shows off Tesla's humanoid robot, but warns it's not ready yet

Musk shows off Tesla’s humanoid robot, but warns it’s not ready yet

SAN FRANCISCO, Sept 30 (Reuters) – Tesla (TSLA.O) CEO Elon Musk showed off a prototype humanoid robot ‘Optimus’ on Friday, predicting the electric vehicle maker would be able to produce millions of them and sell them for less than $20,000. – less than a third of the price of a Y model. “There’s still a …

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Wall St posts third straight quarterly loss as inflation weighs and recession looms

Wall St posts third straight quarterly loss as inflation weighs and recession looms

S&P 500 posts biggest September percentage decline in 20 years All three major U.S. stock indexes post three-quarter declines Core inflation data is warmer than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed its biggest September decline in two decades on Friday, skidding across …

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Barclays fined US$361m for 'appalling' mistake

Barclays fined US$361m for ‘appalling’ mistake

Sep 30 (Reuters) – British lender Barclays (BARC.L) on Thursday agreed to a $361 million fine with U.S. regulators over “staggering” failures that led it to oversell $17.7 billion worth of products structured, racking up additional costs for a mistake that spoiled CEO CS Venkatakrishnan’s first year in charge. Shares of Barclays were up 2% …

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Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register Sep 27 (Reuters) – Spare a thought for the embattled bitcoin miner. By the end of 2021, miners were the toast of the …

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Twitter will interview Elon Musk, known for his combative testimonies

Twitter will interview Elon Musk, known for his combative testimonies

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to slur while being questioned under oath will be tested again this week, when lawyers for Twitter Inc (TWTR.N) are set to interview Tesla Inc ( TSLA .O) CEO on his abrupt decision in July to drop his $44 billion contract for the social media …

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Wall St Week Ahead Investors wonder when the sharp selloff in US stocks will end

Wall St Week Ahead Investors wonder when the sharp selloff in US stocks will end

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 22, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for …

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Stocks fall, dollar soars and bonds plunge as fears of recession grow

Stocks fall, dollar soars and bonds plunge as fears of recession grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears …

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Europe burns cash to help businesses in energy crisis

Europe burns cash to help businesses in energy crisis

Join now for FREE unlimited access to Reuters.com Register Gas prices in Europe soared amid Ukraine crisis Utilities face a cash crunch Germany ‘will do everything possible’ to help businesses Russian mobilization triggers soaring oil prices BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would cut …

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Dollar hits two-decade high as Putin shakes up FX market ahead of Fed

Dollar hits two-decade high as Putin shakes up FX market ahead of Fed

Join now for FREE unlimited access to Reuters.com Register Dollar index hits two-decade high The euro drops to its lowest level in two decades Putin announces partial troop mobilization for Ukraine Markets assess Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar hit a new two-decade high on Wednesday just ahead …

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