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News
AI chip startup Positron’s valuation skyrockets in latest funding round
3+ day, 19+ hour ago (269+ words) Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 million in…...
S&P 500, Nasdaq futures extend losses slightly after August PPI data
3+ day, 22+ hour ago (133+ words) 1450 AM 99.7 FM WHTC S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq futures extended losses slightly on Thursday after producer prices data for August. A Labor Department report showed the Producer…...
Citi Private Bank hires Radzinski from Bank of America
4+ day, 10+ hour ago (119+ words) 1450 AM 99.7 FM WHTC Citi Private Bank hires Radzinski from Bank of America NEW YORK, Sept 9 (Reuters) – Citigroup’s Private Bank announced the hiring of Teresa Radzinski from Bank of America to strengthen relationships with ultra-high-net-worth clients, according to an internal memo…...
Aerospace dealmaking gathers pace as jet production ramps up
4+ day, 2+ hour ago (704+ words) By Dan Catchpole and Sabrina Valle SEATTLE, Sept 10 (Reuters) – Mergers and acquisitions are accelerating in the aerospace supply chain as clearer Boeing and Airbus production schedules give buyers more confidence in long-term demand, according to industry data and interviews with…...
US startup Covenant to launch cruise missile production in Germany next year | 1450 AM 99.7 FM WHTC | Holland
4+ day, 19+ hour ago (472+ words) BERLIN, Sept 9 (Reuters) – U.S. defence startup Covenant plans to begin mass production of low-cost cruise missiles in Germany in early 2027 to meet demand from European countries looking to procure long-range weapons to counter what they see as a growing threat…...
Yen stands tall as dollar drifts, oil’s run towards $100 chills sentiment
5+ day, 5+ hour ago (635+ words) SINGAPORE, Sept 9 (Reuters) – The Japanese yen steadied near its strongest level since February on Wednesday, keeping the dollar on the defensive as traders grappled with oil prices pushing towards $100 per barrel in the face of a widening war in the…...
Morning Bid: Yen at work
5+ day, 23+ hour ago (590+ words) (Refiled to add a missing “a” letter in paragraph 5) Sept 8 (Reuters) – As U.S. markets return from the Labor Day holiday, calm in global markets was broken on Monday and Tuesday after a fresh surge in Japan’s yen to its…...
Trading Day: Roll out the $100 barrel
5+ day, 14+ hour ago (629+ words) ORLANDO, Florida, Sept 8 (Reuters) – A mood of nervous caution hung over U.S. markets on Tuesday, as flaring hostilities in the Middle East pushed oil to a six-week high and Brent crude futures close to $100 a barrel, while the Japanese yen…...
Colombia 12-month inflation edges up more than expected in August
6+ day, 9+ hour ago (129+ words) BOGOTA, Sept 7 (Reuters) – Colombia’s consumer prices rose 0.39% in August, the country’s DANE statistics agency said on Monday, taking annual price growth to 6.24%. The August figure was above the 0.26% median forecast of analysts polled by Reuters, and higher than the 0.17% recorded…...
Novartis sinks as muscle wasting drug setback delivers fresh pipeline blow
6+ day, 2+ hour ago (280+ words) ZURICH, Sept 8 (Reuters) – Novartis said on Tuesday its experimental drug for a muscle wasting disorder failed in a late-stage study, sending its shares down 10% after the second setback in a week for the Swiss drugmaker’s efforts to revive its pipeline....