Business – Page 13 – Freedom 96.9

China adds 55% tariff to Brazil beef as imports hit quota

Wednesday, September 30 by SRN News

By Daphne Zhang and Liz Lee BEIJING, Sept 30 (Reuters) - China will start collecting an additional 55% tariff on Brazil's beef shipments on October 1 after the South American country reached its annual quota of 1.1 million metric tons, the commerce ministry said... Read More.

Consumer Confidence Drops In September

Wednesday, September 30 by SRN News

(Washington, DC) - Consumer confidence is down sharply this month. The Conference Board's lead index fell more than six-and-a-half points from August. The board's chief economist Dana Peterson said the index "deteriorated notably" in September following two months of softening. The survey noted September's... Read More.

Job Openings Dip In August

Wednesday, September 30 by SRN News

(Washington, DC) - The number of job openings fell slightly in August. The Labor Department says seven-point-one million jobs were available which is fewer than expected. The number and rate of hires was little changed at five-point-two million for the month. According to the... Read More.

Fed’s Williams sees no urgency for next rate hike

Tuesday, September 29 by SRN News

By Michael S. Derby and Ann Saphir BUFFALO, Sept 29 (Reuters) - Federal Reserve policymakers probably only need to deliver one more rate hike this year to get inflation back on track to the US central bank's 2% goal, New York Fed President John Williams... Read More.

OpenAI targets $30 billion funding at $1.4 trillion valuation, Bloomberg News reports

Tuesday, September 29 by SRN News

Sept 29 (Reuters) - OpenAI aims to raise at least $30 billion in a funding round and is seeking a valuation of about $1.4 trillion, not including the money raised, Bloomberg News reported on Tuesday, citing people familiar with the matter. Here are more details:... Read More.

Equities end slightly lower as bond yields hold near multi-decade highs

Tuesday, September 29 by SRN News

By Chuck Mikolajczak NEW YORK, Sept 29 (Reuters) - US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest... Read More.

Faced with US ban, Canadian booze makers see yet more hurdles at home

Tuesday, September 29 by SRN News

By Ed White WINNIPEG, Manitoba, Sept 29 (Reuters) - As a US ban on many Canadian alcohol imports takes effect on Tuesday, John Cote had hoped to boost domestic sales of his Black Fox artisanal whisky and gin by tapping a wave of "buy Canadian"... Read More.

Ford’s CEO urges caution on Chinese automakers, says Europe is ‘too late’

Tuesday, September 29 by SRN News

By Kalea Hall and Mike Colias Sept 29 (Reuters) - Ford CEO Jim Farley said that the US must carefully weigh how and whether Chinese automakers should enter the American market, and pointed to Europe as a cautionary tale. Farley said at an Automotive News conference... Read More.

Tesla lines up $30 billion credit lines as capex and robotaxi push accelerate

Tuesday, September 29 by SRN News

Sept 29 (Reuters) - Tesla has entered into credit agreements totaling $30 billion, including a $20 billion delayed draw term loan facility, according to a regulatory filing on Tuesday. (Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar) Brought to you by Read More.

Boeing wins US Navy’s next-generation fighter contract, Pentagon says

Tuesday, September 29 by SRN News

By Mike Stone WASHINGTON, Sept 29 (Reuters) - Boeing has been selected to build the US Navy's next-generation stealth fighter, the Pentagon said on Tuesday, the aerospace company's second consecutive major win on fighter jets and capping months of delay over a program that is... Read More.

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