Business

Mattel CEO Kreiz to step down, Condé Nast’s Lynch named successor

Wednesday, September 30 by SRN News

Sept 30 (Reuters) - Mattel said on Wednesday longtime CEO Ynon Kreiz would leave the toymaker for a senior leadership position at another public company and hand the reins to board member Roger Lynch. Kreiz, who has been CEO since 2018, led Mattel's push to... Read More.

Caterpillar to invest $1 billion in North Carolina manufacturing capacity

Wednesday, September 30 by SRN News

Sept 30 (Reuters) - Caterpillar said on Wednesday it plans to invest about $1 billion in North Carolina to expand manufacturing capacity for its compact equipment business amid rising customer demand. • The investment includes plans for a new manufacturing facility in Sanford, North Carolina,... Read More.

Polymarket introduces deposit limits, lock-outs to combat trading addiction

Wednesday, September 30 by SRN News

Sept 30 (Reuters) - Prediction market startup Polymarket on Wednesday rolled out a slew of tools to help users manage compulsive behavior, including voluntary deposit limits, lock-outs and access to mental health resources. Polymarket and New York's attorney general had sued each other last week,... Read More.

FTC opens probe into AI giants including Anthropic and OpenAI, New York Post reports

Wednesday, September 30 by SRN News

Sept 30 (Reuters) - The Federal Trade Commission is ramping up a sweeping probe of Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, the New York Post reported on Wednesday. The FTC plans to slap the tech... Read More.

Angry VW union to ratchet up dispute after labour deals cut short

Wednesday, September 30 by SRN News

By Rachel More HANOVER, Germany, Sept 30 (Reuters) - Volkswagen terminated several wage deals with IG Metall on Wednesday, raising the possibility of strikes at the start of next year as Germany's top industrial union vowed to escalate its dispute with the world's second-largest automaker. IG... Read More.

US stock futures inch up as yields ease, inflation report looms

Wednesday, September 30 by SRN News

Sept 30 (Reuters) - US stock index futures were slightly higher on Wednesday as bond yields eased and some megacap and growth stocks ticked up heading into a crucial inflation report that could help shape market expectations about the Federal Reserve's rate path. Despite... Read More.

TSMC evaluates potential Texas investment, sources say

Wednesday, September 30 by SRN News

By Wen-Yee Lee and Fanny Potkin TAIPEI, Sept 30 (Reuters) - Taiwan's TSMC, the world's largest contract chipmaker, is evaluating a potential investment in Texas to expand chip production in the US, two sources familiar with the matter said. The potential investment would be in addition... Read More.

Wall St regulator to unveil new retail investor proposals for private assets

Wednesday, September 30 by SRN News

By Douglas Gillison and Suzanne McGee WASHINGTON, Sept 30 (Reuters) - The US securities regulator is set to propose rules on Wednesday aimed at expanding retail investors' access to private assets that have traditionally been reserved for professionals, potentially offering higher returns but also exposing... Read More.

Ethiopian Airlines to sign agreement with Boeing for 10 freighters

Wednesday, September 30 by SRN News

ADDIS ABABA, Sept 30 (Reuters) - Ethiopian Airlines will later on Wednesday sign a deal with Boeing for 10 freighter aircraft, a banner at the venue of a signing ceremony showed. Earlier this month two industry sources told Reuters Ethiopia's state-owned airline was nearing a... Read More.

OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say

Wednesday, September 30 by SRN News

(Adds missing word, paragraph 6) By Olesya Astakhova and Ahmad Ghaddar LONDON, Sept 30 - OPEC+ oil-producing countries are likely to keep their oil production targets steady for November when they meet on Sunday, two sources with knowledge of the matter told Reuters. Both sources spoke on... Read More.

Current Weather

Mattel CEO Kreiz to step down, Condé Nast’s Lynch named successor

Caterpillar to invest $1 billion in North Carolina manufacturing capacity

Polymarket introduces deposit limits, lock-outs to combat trading addiction

FTC opens probe into AI giants including Anthropic and OpenAI, New York Post reports

Angry VW union to ratchet up dispute after labour deals cut short

US stock futures inch up as yields ease, inflation report looms

TSMC evaluates potential Texas investment, sources say

Wall St regulator to unveil new retail investor proposals for private assets

Ethiopian Airlines to sign agreement with Boeing for 10 freighters

OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say

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