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Tech stocks struggle on AI spending worries, elevated yields

Tech stocks struggle on AI spending worries, elevated yields

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

Jaguar unveils electric car in gamble on US tech millionaires

Jaguar unveils electric car in gamble on US tech millionaires

Oct 7 (Reuters) - Jaguar Land Rover has unveiled its new Jaguar Type 01 electric car, with an ultra-long bonnet, no rear window and a wealth of technology, in New York as it targets the potential for growth in the US market.

Trading Day: Stocks, bonds in delicate dance

Trading Day: Stocks, bonds in delicate dance

By Jamie McGeever ORLANDO, Florida, Oct 7 (Reuters) - A sea of red swept across global stocks on Wednesday as the bond market selloff picked up again and lifted long-dated US yields to 24-year highs, although a strong 10-year Treasury auction and minutes of the Fed's last policy meeting eased some

Australian Nvidia-backed AI data centre operator Firmus scraps $5 billion IPO

Australian Nvidia-backed AI data centre operator Firmus scraps $5 billion IPO

By Scott Murdoch and Christine Chen SYDNEY, Oct 9 (Reuters) - Australia's Firmus, a data centre operator backed by Nvidia, shelved its $5 billion initial public offering, citing market volatility and conditions, and said it would opt for a private fundraising round instead.

Nvidia-backed Firmus scraps $5 billion Australian IPO on weak demand

Nvidia-backed Firmus scraps $5 billion Australian IPO on weak demand

By Scott Murdoch and Christine Chen SYDNEY, Oct 9 (Reuters) - Australia's Firmus, a data centre operator backed by Nvidia, shelved its $5 billion initial public offering, citing market volatility and conditions, and said it would opt for a private fundraising round instead.

Brent crude jumps nearly 4% as Middle East tensions flare, while share prices retreat

Brent crude jumps nearly 4% as Middle East tensions flare, while share prices retreat

The price of Brent crude oil has jumped nearly 4% as rising tensions in the Middle East add to uncertainties over supplies

Global shares mostly advance after Wall Street gains and oil prices fall

Global shares mostly advance after Wall Street gains and oil prices fall

World shares have mostly advanced and U.S. futures have edged higher after a rally on Wall Street

Polestar nears US sellout of remaining 2026 models as ban looms

Polestar nears US sellout of remaining 2026 models as ban looms

By Harshita Mary Varghese and Marie Mannes STOCKHOLM, Oct 8 (Reuters) - Polestar is close to selling out its remaining model year 2026 cars in the US, CEO Michael Lohscheller told Reuters on Thursday, as the Swedish automaker faces a US ban on selling new vehicles from the next model year.

Asian shares mostly advance after Wall Street gains and oil prices fall

Asian shares mostly advance after Wall Street gains and oil prices fall

Asian shares are mostly higher and U.S. futures have edged up after shares rose to near a record close on Wall Street

Trading Day: Running with the bulls

Trading Day: Running with the bulls

By Jamie McGeever ORLANDO, Florida, Oct 6 (Reuters) - The S&P 500 and Nasdaq hit record highs on Tuesday as a pause in the bond market sell-off and steady oil prices paved the way for a tech- and AI-led wave of buying, with investors entering the third-quarter earnings season with a great sense of

Asian shares are mixed after Wall Street gains, oil price steadies

Asian shares are mixed after Wall Street gains, oil price steadies

Asian shares are mixed and U.S. futures are higher after shares rose to near a record close on Wall Street

US trade balance sinks deeper into the red as imports hit record high despite tariffs

US trade balance sinks deeper into the red as imports hit record high despite tariffs

By Lucia Mutikani WASHINGTON, Oct 6 (Reuters) - The US trade deficit widened more than expected in August as imports jumped to a record high against the backdrop of robust domestic demand, keeping trade on track to again subtract from economic growth in the third quarter.