Reuters Business
@ReutersBiz
The latest business and financial news from around the 🌍 with insights from @breakingviews.
Our new daily podcast is here:
237 Following 3.3M Followers
Spotify to slap 'AI Persona' badges on AI-generated artist profiles
McDonald's missed US sales growth expectations in the second quarter, citing an execution issue after pulling back on app discounts and focusing on a $3 value menu
Show more
WATCH: Meta launched an open-weight AI model, allowing users to customize its core components, as debate grows over open versus closed AI systems in Silicon Valley
WATCH: US sanctions were meant to put the brakes on China’s chip ambitions, but Beijing is fighting back and pushing companies to buy local chips. JP Lee from VanEck says that this should keep Chinese chipmakers in business 'for a while'
Show more
Norway wealth fund CEO says fund's entire value could be lost in future
With US inflation data expected to put the Federal Reserve in a bind, and price pressures proving stubbornly persistent, Janet Mui, from RBC Brewin Dolphin, explains why the case for higher rates will not go away
Show more
WATCH: From Nvidia drumming up cash to four legged robots keeping homes safe, these are the most important tech stories of the week
Holiday Inn owner IHG's quarterly room revenue rises on China, Amers demand
WATCH: A US judge dismissed criminal charges against Indian billionaire Gautam Adani, but said the Justice Department’s decision to abandon the fraud and bribery case was concerning
Show more
Exclusive: Indian inspectors have seized around 18,000 boxes of Diageo liquor bottles for allegedly lacking markings to show they were made using safe recycled plastic, in the latest blow to the world's largest spirits group. More here -
Show more
US stocks closed lower as the Dow and S&P 500 dipped and the Nasdaq fell about a third of a percent, with rising crude prices fueling inflation concerns
Show more
Deutsche Bank named clearing bank for China's renminbi
There is a growing debate about whether water should be used for data centers critical for the booming AI industry, or for new homes. Here's a look at why it's a big topic in London and wider Europe right now
Show more
WATCH: Hyperscalers have promised more than $6 trillion of spending on building out AI through 2030, but investors no longer seem to believe that will pay off for all of them. Chris Maxey of Wealthspire explained to @Reuters why investors should stay focused on chipmakers
Show more
The UK economy is forecast to have grown 1.1% year-on-year when second quarter data comes out this week, but economist Hetal Mehta told Reuters that the outlook remains finely balanced, making it difficult to predict the Bank of England's next move
Show more
Shein is drastically scaling back its Vietnam warehouse operations near Ho Chi Minh City, cutting jobs since April, after US tariff changes and its dependence on Chinese suppliers made the export hub experiment unviable
Show more
Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities — equivalent in size to 21 soccer pitches — near Ho Chi Minh City, part of a grand experiment to make Vietnam a major export base. But things did not go to plan.
Today, IPO-bound Shein is drastically scaling back in Vietnam, six people familiar with its operations there said
Show more
Taylor Farms said it was recalling more than a dozen prepared food items containing jalapeños, including salsas and guacamole, from retailers over concerns about potential salmonella contamination. More here:
Show more
The S&P 500 closed at a record high, capping a strong week as weaker jobs data dampened expectations for a Federal Reserve rate hike in September
Despite weaker-than-expected job growth in July, the US labor market remains relatively stable due to ongoing worker shortages, says Suncoast Equity Management's Eric Lynch on the latest episode of Market Talk
Show more
