2+ day, 6+ hour ago   (444+ words) By Yantoultra Ngui and Samuel Shen HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public ​offering. The…...

2+ day, 9+ hour ago   (187+ words) Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with ​Europe leading the growth, data ‌from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing…...

2+ day, 10+ hour ago   (89+ words) The Mighty 790 KFGO Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports Sept 10 (Reuters) – The Pentagon is ​in talks to lend roughly $5 billion to ​AI ⁠cloud-computing startup ⁠Fluidstack to shore up the ​U.S. data-center ⁠supply…...

2+ day, 17+ hour ago   (526+ words) By Oliver Hirt and Marleen Kaesebier ZURICH, Sept 10 (Reuters) – A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker’s board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial…...

2+ day, 17+ hour ago   (210+ words) BRUSSELS, Sept 10 (Reuters) – JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 ​billion purchase of German electronics retailer ‌Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters. They said the European Commission,…...

2+ day, 16+ hour ago   (193+ words) WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning ​inventories to contribute to economic growth ‌in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said. Inventories,…...

2+ day, 19+ hour ago   (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s ​financial watchdog said on Thursday, citing conflict in ‌the Middle East and rising energy…...

3+ day, 4+ hour ago   (185+ words) SINGAPORE, Sept 10 (Reuters) – Vessel transits at the Strait of Hormuz fell slightly on Wednesday to seven, ​compared with the previous ‌day’s 12, preliminary shiptracking data showed on Thursday, with levels also lower than the 10-day average of 14. Out of these seven,…...

2+ day, 19+ hour ago   (132+ words) The Mighty 790 KFGO S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq ​futures extended losses slightly on Thursday after producer prices data for August. A ​Labor ⁠Department report showed ⁠the Producer…...

2+ day, 20+ hour ago   (227+ words) kfgo.com US weekly jobless claims edge down as layoffs remain low WASHINGTON, Sept 10 (Reuters) – The number of Americans filing claims for unemployment benefits fell last week, suggesting that ​layoffs remained low and continued to anchor the labor market. Initial…...