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Tech selloff, defence weakness weigh on European shares

Tech selloff, defence weakness weigh on European shares

By Johann M Cherian and Avinash P Nov 5 (Reuters) - Losses in technology shares dragged the European benchmark stock index lower on Thursday as investors assessed the outlook for the sector following a Democratic sweep in the US midterm elections, while weakness in the defence sector exacerbated the

Dollar little changed as oil prices bounce, payrolls eyed

Dollar little changed as oil prices bounce, payrolls eyed

By Chuck Mikolajczak NEW YORK, Nov 5 (Reuters) - The dollar index was roughly unchanged on Thursday, as oil prices rebounded following a sharp drop in the prior session and investors weighed the possibility of a slowdown in AI-related spending dampening economic growth.

Global Gold ETFs See Continued Inflows in October, Led by Europe and Asia

Global Gold ETFs See Continued Inflows in October, Led by Europe and Asia

Global Gold ETFs See Continued Inflows in October, Led by Europe and Asia

AI sharpens cat-and-mouse hacking battle as companies strengthen defences

AI sharpens cat-and-mouse hacking battle as companies strengthen defences

By Toby Sterling, Dimitri Rhodes and Hakan Ersen AMSTERDAM, Nov 5 (Reuters) - From hacked supermarket fridges and a record cryptocurrency theft at Binance to an emergency over flaws in widely used web software, companies worldwide are facing a wave of cyber threats executives say AI is accelerating

Dollar edges up as oil prices bounce, payrolls eyed

Dollar edges up as oil prices bounce, payrolls eyed

By Chuck Mikolajczak Nov 5 (Reuters) - The dollar index rose slightly on Thursday, as oil prices rebounded following a sharp drop in the prior session and investors gauged uncertainties surrounding the war in Iran in the wake of sweeping Democratic victories in the US midterm elections.

Tapestry lifts outlook as young shoppers snap up Coach bags, shares jump

Tapestry lifts outlook as young shoppers snap up Coach bags, shares jump

By Danielle Kaye and Anuja Bharat Mistry Nov 5 (Reuters) - Tapestry raised its annual revenue and profit forecasts on Thursday, betting on younger affluent shoppers buying its Coach handbags during the holiday season, even as the broader luxury sector grapples with a spending slowdown.

US enters world championship eager to raise the women's hockey bar further after Olympic gold win

US enters world championship eager to raise the women's hockey bar further after Olympic gold win

United States coach John Wroblewski has set a new objective by seeking to push the envelope further eight months after overseeing a team that raised the bar for women’s hockey by winning Olympic gold in Milan

The Latest: Trump replaces Susie Wiles with Stephen Miller as White House chief of staff

The Latest: Trump replaces Susie Wiles with Stephen Miller as White House chief of staff

President Donald Trump said Stephen Miller is replacing Susie Wiles as White House chief of staff, mere days after Republicans lost control of Congress in the midterm elections

Japanese investors snap up foreign long-term bonds as tech stocks slide

Japanese investors snap up foreign long-term bonds as tech stocks slide

Nov 6 (Reuters) - Japanese investors bought foreign long-term bonds for the first time in seven weeks in the week ended October 31, opting for safety amid a selloff in technology stocks and after the Federal Reserve held interest rates steady.

Tesla to wind down Cybertruck production after years of poor sales in few markets

Tesla to wind down Cybertruck production after years of poor sales in few markets

By Ananya Palyekar, Akanksha Khushi and Nick Carey Nov 6 (Reuters) - Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks that

Rubio will venture to France on first post-midterm foreign trip to face questions on Trump policies

Rubio will venture to France on first post-midterm foreign trip to face questions on Trump policies

Secretary of State Marco Rubio will make his first international trip since the midterm elections that dealt the Republicans a severe blow

Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

By Balazs Koranyi BRUSSELS/FRANKFURT, Nov 6 (Reuters) - Euro zone nations nominated two central banking veterans on Friday to succeed Christine Lagarde at the helm of the European Central Bank, both of them seasoned crisis-fighters.