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AI summit a start but global agreement a distant hope
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Analysis-WeWork’s troubles darken outlook for embattled office market
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US dollar drops to six-week low after softer-than-expected jobs data
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Analysis-Traders bet ECB will be first big central bank to cut rates
BMW says ‘no interest’ in price war as order books bulge
Date: November 3, 2023
BMW says ‘no interest’ in price war as order books bulge By Victoria Waldersee BERLIN (Reuters) -BMW forecast strong fourth quarter sales on Friday and said its order book was filled into the first few months of next year, with executives adding they saw no need to cut prices as some rival automakers have. Vehicle...
US job growth misses expectations in October as labor market slows
Date: November 3, 2023
US job growth misses expectations in October as labor market slows By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” car makers depressed manufacturing payrolls, and the increase in annual wages was the smallest in nearly 2-1/2...
Stocks gain, Treasury yields fall after U.S. jobs market softens
Date: November 3, 2023
Stocks gain, Treasury yields fall after U.S. jobs market softens By Caroline Valetkevitch and Harry Robertson NEW YORK/LONDON (Reuters) -Global stock indexes rose, the dollar weakened and benchmark 10-year U.S. Treasury yields fell to five-week lows on Friday after data showed U.S. job growth slowed more than expected in October, underscoring views that the Federal...
UK’s Sunak urges world leaders to address AI risks
Date: November 2, 2023
UK’s Sunak urges world leaders to address AI risks By Martin Coulter and Paul Sandle BLETCHLEY PARK, England (Reuters) – World leaders have a responsibility to address the risks of artificial intelligence, British Prime Minister Rishi Sunak said on Thursday, a day after he secured China’s backing for an international effort to manage the risks...
Analysis-Central banks’ big pause spurs bruised bond investors to double down
Date: November 2, 2023
Analysis-Central banks’ big pause spurs bruised bond investors to double down By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Bond investors bruised by a record hiking cycle are increasing their positions, betting that central banks really are done with raising rates and their next move will be down. The Bank of England on Thursday...
Britons’ cost-of-living crisis habits will endure, says Sainsbury’s boss
Date: November 2, 2023
Britons’ cost-of-living crisis habits will endure, says Sainsbury’s boss By James Davey LONDON (Reuters) – Changes to British consumers’ behaviour that emerged during the ongoing cost-of-living crisis, such as more eating at home and increased purchases of own-brand and frozen products, are here to stay, the boss of supermarket Sainsbury’s said on Thursday. “Just as...