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SpaceX takes aim at US wireless carriers with spectrum acquisition

SpaceX takes aim at US wireless carriers with spectrum acquisition

Oct 8 (Reuters) - SpaceX struck a deal on Thursday to acquire a nationwide low-band spectrum portfolio, positioning Elon Musk's satellite venture to mount a direct, orbital challenge to legacy wireless giants across the United States.

Oil relief lifts European stocks, telecoms a weak spot

Oil relief lifts European stocks, telecoms a weak spot

Oct 9 (Reuters) - European stocks recovered on Friday as oil prices eased on hopes of a pause in the Middle East war, while telecom stocks slid after SpaceX's deal to acquire a nationwide spectrum portfolio caused ripples in the sector.

Shares slip as oil jumps and bond yields stay high

Shares slip as oil jumps and bond yields stay high

By Lawrence Delevingne, Marc Jones and Wayne Cole BOSTON/LONDON/SYDNEY, Oct 8 (Reuters) - Global shares slid on Thursday as a mild pullback in sovereign bond yields was countered by a jump in oil prices and indicators of the massive debt that technology companies may need to sustain their dramatic

Stocks meander as AI spending worries, elevated yields weigh

Stocks meander as AI spending worries, elevated yields weigh

By Ankur Banerjee SINGAPORE, Oct 9 (Reuters) - Asian stocks were poised on Friday for a second straight weekly drop, as investors fretted about higher energy prices, bond market ructions and the huge sums needed to fund AI investment.

Medical device maker Centinel Spine discloses revenue rise in US IPO filing

Medical device maker Centinel Spine discloses revenue rise in US IPO filing

Oct 7 (Reuters) - Medical device maker Centinel Spine disclosed a rise in revenue in its IPO filing on Wednesday.

PepsiCo to cut costs as weak N.America business hurts core profit forecast

PepsiCo to cut costs as weak N.America business hurts core profit forecast

Oct 8 (Reuters) - PepsiCo cut its annual core profit forecast on Thursday and said it would pursue additional cost cuts, warning that efforts to revive growth and profitability in its crucial North American business were taking longer than expected.

Shares slip as bond bashing rumbles on

Shares slip as bond bashing rumbles on

By Marc Jones and Wayne Cole LONDON/SYDNEY, Oct 8 (Reuters) - Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil prices and reports that some major tech firms were seeking to raise billions in debt in direct competition for limited funding.

Explainer-The skilled foreign tech workers' green card program under attack from Trump

Explainer-The skilled foreign tech workers' green card program under attack from Trump

By Deborah Mary Sophia and Jaspreet Singh Oct 8 (Reuters) - The US government said on Thursday it is suspending some of the world's biggest tech and IT firms including Microsoft, Cognizant and Capgemini from a key green card program that allows skilled foreign workers to gain permanent residency

Trump administration freezes green cards for Microsoft, IT firms, probes universities

Trump administration freezes green cards for Microsoft, IT firms, probes universities

By Akash Sriram and Steve Holland WASHINGTON, Oct 8 (Reuters) - The US suspended Microsoft, major IT outsourcers and software maker Adobe from a key green-card program on Thursday while opening probes into nine top universities, widening a crackdown it says targets fraud and protects American jobs.

Kalshi launches stock index perpetual future to expand product suite

Kalshi launches stock index perpetual future to expand product suite

Oct 6 (Reuters) - Prediction market startup Kalshi launched a stock index perpetual future on Tuesday, broadening the reach of the nascent derivatives instrument as it looks to challenge traditional exchange operators.

Starbucks has explored Chipotle takeover, FT reports

Starbucks has explored Chipotle takeover, FT reports

Oct 8 (Reuters) - Starbucks explored a takeover of Chipotle Mexican Grill, the Financial Times reported on Thursday, in a move that would reunite Chief Executive Brian Niccol with the burrito chain he led before joining the coffee giant two year ago.

The Latest: GOP fears grow that even $1 billion may not buy midterm victory

The Latest: GOP fears grow that even $1 billion may not buy midterm victory

Republicans are increasingly anxious that even $1 billion in campaign spending won't fend off sweeping election losses as the party reckons with President Donald Trump’s unpopularity, inflation and the war in Iran