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S&P 500 set for muted open after big bank earnings, chip slide weighs

S&P 500 set for muted open after big bank earnings, chip slide weighs

By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) - The benchmark S&P 500 was set for a muted open on Tuesday as investors parsed quarterly results from big US banks that kick off the earnings season, while weakness in chip stocks weighed on Nasdaq futures.
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US chip stocks extend slide as China memory report, AI spending jitters hit sector

US chip stocks extend slide as China memory report, AI spending jitters hit sector

Oct 13 (Reuters) - Shares of US chipmakers dropped on Tuesday, with memory-related companies leading losses as reports of a technology advance by China's CXMT stoked competition fears and added to jitters over AI spending in a sector that has rallied sharply this year.
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European stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks

European stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks

By Avinash P Oct 13 (Reuters) - European shares rose to a one-week high on Tuesday as lower oil prices and falling bond yields lifted appetite, although disappointing results from luxury bellwether LVMH pressured the sector.
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J&J posts weak medical device sales, shares fall

J&J posts weak medical device sales, shares fall

By Michael Erman and Sriparna Roy Oct 13 (Reuters) - Johnson & Johnson reported sales in its medical devices business on Tuesday that fell short of Wall Street expectations, citing geopolitical issues including the Middle East conflict, and its shares fell more than 6%.
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Chip selloff pulls European stocks back from one-week high

Chip selloff pulls European stocks back from one-week high

By Avinash P and Niket Nishant Oct 13 (Reuters) - Europe's STOXX 600 ended marginally lower on Tuesday, retreating from a one-week high, after a sharp selloff in chip stocks overshadowed optimism from lower oil prices. The pan-European benchmark dipped 0.1% to 635.01 points at the close.
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Wall St edges lower as chips fall; markets assess big bank earnings

Wall St edges lower as chips fall; markets assess big bank earnings

By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) - The S&P 500 and the Nasdaq inched lower on Tuesday as chip stocks came under selling pressure while investors parsed a mixed bag of quarterly results, including those from big US banks.
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Wall St subdued in choppy trade after big bank earnings, chips slide

Wall St subdued in choppy trade after big bank earnings, chips slide

By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) - Wall Street's main indexes were muted in choppy trading on Tuesday as chip stocks came under selling pressure again while investors parsed a mixed bag of quarterly results, including those from big US banks.
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Influential Hindu group urges India to block Starlink amid Musk-Ambani feud

Influential Hindu group urges India to block Starlink amid Musk-Ambani feud

By Munsif Vengattil BENGALURU, Oct 13 (Reuters) - An influential Hindu nationalist group close to India's ruling party urged the government on Tuesday to block Elon Musk's Starlink from launching satellite internet services in the country, citing national security concerns.
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Stocks dip on AI jitters, big banks kick off US earnings season

Stocks dip on AI jitters, big banks kick off US earnings season

By Sruthi Shankar Oct 13 (Reuters) - World stocks dipped on Tuesday as renewed AI concerns hit high-flying chipmakers and drove investors to the safety of government bonds, while big Wall Street banks kicked off the US quarterly reporting season.
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NASA doubles down on private space stations to replace ISS

NASA doubles down on private space stations to replace ISS

The agency's final call to industry comes with a budget that shows exactly who is expected to carry the risk.
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Telecom stocks in Australia, NZ slide after SpaceX spectrum deal

Telecom stocks in Australia, NZ slide after SpaceX spectrum deal

By Kumar Tanishk Oct 12 (Reuters) - Telecom stocks in Australia and New Zealand tumbled on Monday after SpaceX's acquisition of a nationwide spectrum portfolio in the US stoked fears that satellites could challenge legacy telecom firms and their network coverage.
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Explainer-What is the low-band spectrum that SpaceX acquired for Starlink Mobile

Explainer-What is the low-band spectrum that SpaceX acquired for Starlink Mobile

By Harshita Mary Varghese Oct 9 (Reuters) - SpaceX has agreed to acquire a nationwide portfolio of licenses in the low-band spectrum in a deal reportedly valued at $8 billion, as it looks to expand beyond satellite internet and become a serious competitor in the US mobile market.