Business

Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants

Thursday, September 3 by SRN News

FRANKFURT, Germany (AP) - Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would cut 50,000 jobs, slim the company's model line by half and end auto production at four German plants. The plan put forward by CEO Oliver Blume to... Read More.

Trading Day: Waller cools Fed hike hoopla

Thursday, September 3 by SRN News

By Jamie McGeever ORLANDO, Florida, Sept 3 (Reuters) - Remarks from Fed Governor Christopher Waller that he is inclined to hold interest rates steady later this month sparked a strong stock market rally and dragged bond yields lower on Thursday, while the Japanese yen clocked... Read More.

FACT FOCUS: Trump claims US banks cannot operate in Canada. That’s not true

Thursday, September 3 by SRN News

Asked about the trade war with Canada on Wednesday, President Donald Trump falsely claimed that U.S. banks are not allowed to do business with its neighbor to the north. The allegation came during a meeting with U.S. travel executives in the Oval Office, after a... Read More.

Musk launches steering-wheel-free taxi service in bet riders lose ‘no control’ fears and hop inside

Thursday, September 3 by SRN News

NEW YORK (AP) - Elon Musk sent dozens of self-driving Cybercabs without steering wheels or brake pedals onto the streets of Austin, Texas, on Thursday, betting that Americans will overcome their fears of rides with "no control" and hop inside. The rollout of the gold-colored... Read More.

Volkswagen teases new SUVs, pickups for North American market

Thursday, September 3 by SRN News

By Nora Eckert DETROIT, Sept 3 (Reuters) - Volkswagen announced on Thursday it was exploring new SUV and pickup offerings for North America, the latest example of how automakers are increasingly relying on region-specific strategies to confront trade tensions and varying consumer appetites. • The German... Read More.

Nvidia sets October launch for RTX Spark AI PCs

Thursday, September 3 by SRN News

Sept 3 (Reuters) - Nvidia on Thursday said Lenovo and Acer will launch the first Windows PCs powered by its RTX Spark chip in October, as the chip giant pushes to bring AI capabilities directly to laptops and desktop computers. Tech giants are increasingly pushing... Read More.

Fed’s Waller says safety premium for Treasuries is gone, pushing neutral rate higher

Thursday, September 3 by SRN News

By David Lawder and Howard Schneider WASHINGTON, Sept 3 (Reuters) - There is no more premium for safe, liquid U.S. government debt, pushing the neutral level of interest rates higher, Federal Reserve Governor Christopher Waller told a Reuters NEXT Newsmaker event on Thursday. Waller also told... Read More.

OpenAI launches new Astra model amid growing scrutiny over agents’ safety

Thursday, September 3 by SRN News

SAN FRANCISCO, Sept 3 (Reuters) - OpenAI on Thursday unveiled a new artificial intelligence model it calls its best yet but cautioned that it also sometimes attempts to evade human monitoring, even as the company faces growing scrutiny after its agents breached other companies'... Read More.

Tyson Foods cuts profit outlook again as pressure from cattle shortage worsens

Thursday, September 3 by SRN News

By Juveria Tabassum and Tom Polansek Sept 3 (Reuters) - Tyson Foods cut its annual profit forecast for a second time within a month on Thursday as tight U.S. cattle supplies, volatile prices and cautious consumer spending put further strain on its struggling beef business. Meatpackers... Read More.

British police try to track down theft of 70,000 pints worth of Guinness stout

Thursday, September 3 by SRN News

LONDON (AP) - British police have a stout task ahead: recovering 70,000 pints worth of stolen Guinness. Two trailer truckloads of the famously creamy dark beer valued at 115,000 pounds ($155,000) were stolen from a depot near Liverpool in northwest England, the Cheshire Constabulary said... Read More.

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Current Weather

Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants

Trading Day: Waller cools Fed hike hoopla

FACT FOCUS: Trump claims US banks cannot operate in Canada. That’s not true

Musk launches steering-wheel-free taxi service in bet riders lose ‘no control’ fears and hop inside

Volkswagen teases new SUVs, pickups for North American market

Nvidia sets October launch for RTX Spark AI PCs

Fed’s Waller says safety premium for Treasuries is gone, pushing neutral rate higher

OpenAI launches new Astra model amid growing scrutiny over agents’ safety

Tyson Foods cuts profit outlook again as pressure from cattle shortage worsens

British police try to track down theft of 70,000 pints worth of Guinness stout

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