Traders bet on second straight 50 bps Fed rate cut in November
Daily Trader Insights (Reuters) – Traders added slightly to bets the Federal Reserve will deliver a second 50-basis-point...
Business
Southwest’s turnaround strategy lifts shares, activist investor Elliott shrugs
By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines on Thursday unveiled a slew of initiatives...
OpenAI chair says board has discussed equity compensation for CEO Sam Altman
(Reuters) -OpenAI’s chairman Bret Taylor on Thursday said the board has discussed whether to compensate...
US Steel says arbitration board rules in favor of Nippon Steel’s $14.9 billion buyout deal
(Reuters) -U.S. Steel said on Wednesday the board of arbitration, jointly selected by the steelmaker...
Southwest plans to reduce Atlanta service, cut some jobs, union says
(Reuters) -Southwest Airlines plans to reduce service to and from Atlanta next year, affecting some...
Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
MEXICO CITY (Reuters) -Tech giant Microsoft will invest $1.3 billion over the next three years...
Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds bought U.S. tech and media stocks at...
Qualcomm’s potential Intel buyout could raise antitrust, foundry concerns
By Aditya Soni and Yuvraj Malik (Reuters) – A potential deal to buy Intel could...
Novo Nordisk shares drop nearly 5% on disappointing obesity pill data
By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Novo Nordisk’s shares fell nearly 5% on...
Three Mile Island nuclear plant could restart on Microsoft AI power deal
(Reuters) -Constellation Energy and Microsoft have signed a data center deal to help resurrect a...