By Nicole Jao NEW YORK (Reuters) – Oil prices fell nearly 1% in a volatile session on Wednesday as OPEC+ producers unexpectedly delayed a meeting on production cuts, raising questions about global crude supplies. Brent futures settled 49 cents lower to $81.96 a barrel, after falling more than 4% to a low of $78.41 earlier…
By Carolina Mandl, Svea Herbst-Bayliss and David Randall NEW YORK (Reuters) -The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year’s presidential election and recession fears as likely to start weighing on…
By Harshita Mary Varghese (Reuters) – Broadcom on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan’s efforts to boost the…
By Subhadeep Chakravarty (Reuters) -Barclays said on Wednesday it no longer expects the U.S. Federal Reserve to raise interest rates in January, compared with an earlier forecast of a 25-basis-point hike. Rates will remain unchanged until December next year, the brokerage said. The brokerage expects the U.S. central bank to start trimming rates by 25…
(Reuters) -Retail bellwether Walmart on Tuesday said it would be adding parcel stations to its stores as it looks to cash in on demand for quick deliveries heading into the holiday shopping season. The move comes ahead of the critical Cyber Week shopping period encompassing Thanksgiving, Black Friday on Nov. 24 and Cyber Monday on…
(Reuters) – The U.S. Coast Guard on Monday said it was still looking for the source of a leak from an underwater pipeline off the Louisiana coast in the Gulf of Mexico that it estimated had released more than a million gallons of crude oil. The 67-mile long pipeline was closed by Main Pass Oil…
(Reuters) -Elon Musk threatened on Saturday to sue media watchdog Media Matters and those who attacked his social media platform X, following moves by several large U.S. companies to halt advertising on the site after being promoted alongside antisemitic content. Musk and X have been under a microscope all week for antisemitic and racist content…
By Andreas Rinke BERLIN (Reuters) -France, Germany and Italy have reached an agreement on how artificial intelligence should be regulated, according to a joint paper seen by Reuters, which is expected to accelerate negotiations at the European level. The three governments support “mandatory self-regulation through codes of conduct” for so-called foundation models of AI, which…
By David Shepardson WASHINGTON (Reuters) -The CEOs of Discord, Snap, and X, formerly known as Twitter, were issued subpoenas to compel them to testify at a Dec. 6 hearing on online child sexual exploitation, the U.S. Senate Judiciary Committee said on Monday. The committee said Meta CEO Mark Zuckerberg and TikTok CEO Shou Zi Chew…
(Reuters) -The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange’s founder, Changpeng Zhao, would face criminal…
