Business

Gold’s lustre dims as Treasury yields surge, markets bet on higher Fed rates

Monday, September 28 by SRN News

LONDON, Sept 28 (Reuters) - Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-yielding metal. Spot gold fell as much as 4% to $4,111 an ounce... Read More.

US says GM tech costs to drop by $20 billion through 2031 due to new emissions rules

Monday, September 28 by SRN News

(Refiles to spell out "billion" in headline) By David Shepardson WASHINGTON, Sept 28 (Reuters) - General Motors will see its technology costs decline by $20.4 billion through 2031 as a result of drastically lower vehicle fuel economy rules finalized Monday, the US Transportation Department said. In total,... Read More.

Oil prices up, but off highs as Qatari mediators plan US-Iran talks

Monday, September 28 by SRN News

By Scott DiSavino NEW YORK, Sept 28 (Reuters) - Oil prices rose on Monday, but eased off session highs on expectations that Qatari mediators would hold talks with the US and Iran to try to find a possible peace deal. In earlier trading, prices surged more... Read More.

Airbus faces dip in September deliveries after quality snag, sources say

Monday, September 28 by SRN News

PARIS, Sept 28 (Reuters) - Airbus is bracing for slower than expected deliveries in September after the recent discovery of a glitch affecting its best-selling A321neo jets, two industry sources said. A cumulative total of 20 A321neo jets has been pushed into the fourth quarter... Read More.

US finalizes new lower fuel economy standards in boost for gas-powered vehicles

Monday, September 28 by SRN News

By David Shepardson WASHINGTON, Sept 28 (Reuters) - The U.S. Transportation Department on Monday finalized sharply lower vehicle fuel economy standards, President Donald Trump's latest effort to encourage sales of gasoline-powered vehicles and reverse former President Joe Biden's push toward greater fuel efficiency and EVs. The... Read More.

Germany’s Evonik rejects BASF’s $11.7 billion bid, sources say

Monday, September 28 by SRN News

Sept 28 (Reuters) - German chemicals manufacturer Evonik has rejected a €10.3 billion ($11.7 billion) takeover bid by BASF as too low, sources close to the negotiations said on Monday. BASF, one of the world's largest chemicals makers, had offered about €22.15 per Evonik share,... Read More.

Shein returns to profit in second quarter, but warns of uncertain second half

Monday, September 28 by SRN News

Sept 28 (Reuters) - Fast-fashion platform Shein returned to profit in the second quarter and made $11.08 billion in sales, but warned about an uncertain second half as it unveiled its first results as a public company on Monday. An increase in total orders fulfilled... Read More.

With Burry as adviser, a new short-focused fund takes aim at private credit risks

Monday, September 28 by SRN News

By Johann M Cherian and Jayasree Prabhu Sept 28 (Reuters) - Wall Street is busy scouring AI stocks for signs of a bubble, but a new hedge fund tied to famed short seller Michael Burry is coming to the market eyeing more consequential warnings of... Read More.

China’s Gotion invests $1.25 billion in Volkswagen battery plant in Spain

Monday, September 28 by SRN News

By Rachel More BERLIN, Sept 28 (Reuters) - China's Gotion will invest €1.1 billion ($1.25 billion) in Volkswagen's battery plant in Valencia under a broader plan to jointly develop a European battery supply chain. Chinese companies are boosting their presence in Europe ahead of expected moves... Read More.

Morning Bid: Entering the home stretch

Monday, September 28 by SRN News

By Mike Dolan Sept 28 (Reuters) - Nervy bond markets face another test this week as they navigate the ends of both the month and the third quarter on Wednesday, with the September US employment report following on Friday. There's been no relief from energy markets... Read More.

Current Weather

Gold’s lustre dims as Treasury yields surge, markets bet on higher Fed rates

US says GM tech costs to drop by $20 billion through 2031 due to new emissions rules

Oil prices up, but off highs as Qatari mediators plan US-Iran talks

Airbus faces dip in September deliveries after quality snag, sources say

US finalizes new lower fuel economy standards in boost for gas-powered vehicles

Germany’s Evonik rejects BASF’s $11.7 billion bid, sources say

Shein returns to profit in second quarter, but warns of uncertain second half

With Burry as adviser, a new short-focused fund takes aim at private credit risks

China’s Gotion invests $1.25 billion in Volkswagen battery plant in Spain

Morning Bid: Entering the home stretch

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