Business

ICC, insurer Axa cut ties amid Trump campaign against court

Thursday, October 1 by SRN News

Oct 1 (Reuters) - The International Criminal Court has ended its contract with French life and health insurer Axa starting October 1 and will now be using a new health insurance provider, a spokesperson for the Hague-based court said. The spokesperson gave no reason for... Read More.

US construction spending surges in August

Thursday, October 1 by SRN News

WASHINGTON, Oct 1 (Reuters) - US construction spending unexpectedly surged in August, boosted by outlays on nonresidential structures like offices and power plants, but the trend remained weak as higher mortgage rates weighed on homebuilding. The Commerce Department's Census Bureau said on Thursday that... Read More.

US stocks open higher as software strength offsets bond-market pressure

Thursday, October 1 by SRN News

Oct 1 (Reuters) - Wall Street's main indexes opened higher on Thursday, buoyed by gains in software stocks, even as inflation and mounting government debt concerns pushed Treasury yields to more than two-decade highs. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 91.75... Read More.

US manufacturing steady in September, input prices increase

Thursday, October 1 by SRN News

WASHINGTON, Oct 1 (Reuters) - US manufacturing activity was little changed in September, with prices for inputs surging amid strong demand, pointing to sustained inflation pressures. The Institute for Supply Management said on Thursday its manufacturing PMI dipped to 54.5 last month from 54.6 in... Read More.

Analysis-Volatility control funds near record equity exposure, raising selloff risk

Thursday, October 1 by SRN News

By Saqib Iqbal Ahmed NEW YORK, Oct 1 (Reuters) - The recent stock market rally has left some systematic trading strategies so heavily exposed to equities that even a modest market pullback could force them to dump billions of dollars of shares, amplifying any potential... Read More.

Analysis-Investors wary of slowdown in US corporate profit boom

Thursday, October 1 by SRN News

By Lewis Krauskopf NEW YORK, Oct 1 (Reuters) - A massive year for corporate profit growth is driving US stock market gains, but investors' hesitancy that the good times will roll on without a hitch is seeping into equity valuations. Investors are preparing for another... Read More.

Exclusive-US slows aircraft-part exports to China as Trump seeks leverage in trade negotiations, sources say

Thursday, October 1 by SRN News

By Karen Freifeld and Allison Lampert NEW YORK, Oct 1 - The Trump administration has been taking steps to turn China's dependence on US aviation suppliers into leverage for trade negotiations, according to people familiar with the matter. Efforts to slow vital goods to China show... Read More.

Morning Bid: Bond bruise won’t heal

Thursday, October 1 by SRN News

By Mike Dolan Oct 1 (Reuters) - A new month, a new quarter - but the bond squeeze goes on, with the 10-year US Treasury yield hitting a 24-year high on Thursday. Even though Wednesday's US August inflation updates, with long-expected methodology changes, were softer than... Read More.

McCormick’s price hikes spice up quarterly results despite sluggish demand

Thursday, October 1 by SRN News

By Alexander Marrow, Anuja Bharat Mistry and Shania S Thomas Oct 1 (Reuters) - McCormick reported higher quarterly sales and profit on Thursday, as pricier seasonings and sauces helped cushion the blow from weaker consumer demand due to elevated gas prices and a... Read More.

China’s BYD sales rise in September as export boom sustains momentum

Thursday, October 1 by SRN News

BEIJING, Oct 1 (Reuters) - Chinese electric vehicle maker BYD's global sales rose for a fifth straight month in September, buoyed by strong exports that have increasingly become a key pillar offsetting persistently weak demand at home. Vehicle sales rose 17% from a year... Read More.

Current Weather

ICC, insurer Axa cut ties amid Trump campaign against court

US construction spending surges in August

US stocks open higher as software strength offsets bond-market pressure

US manufacturing steady in September, input prices increase

Analysis-Volatility control funds near record equity exposure, raising selloff risk

Analysis-Investors wary of slowdown in US corporate profit boom

Exclusive-US slows aircraft-part exports to China as Trump seeks leverage in trade negotiations, sources say

Morning Bid: Bond bruise won’t heal

McCormick’s price hikes spice up quarterly results despite sluggish demand

China’s BYD sales rise in September as export boom sustains momentum

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