Business

AI selloff hammers hedge funds this week, Asia managers lead losses

AI selloff hammers hedge funds this week, Asia managers lead losses

By Summer Zhen and Anirban Sen TOKYO, Oct 16 (Reuters) - Global hedge funds suffered steep losses this week, according…

October 16, 2026

Tesla unveils next generation Roadster sports EV with SpaceX thrusters

By Abhirup Roy SAN FRANCISCO, Oct 15 (Reuters) - Tesla unveiled a redesigned Roadster equipped with thrusters on Thursday, nearly…

October 16, 2026

Oil edges down as investors weigh possible US sanctions on 'shadow fleet'

By Sam Li and Lewis Jackson BEIJING, Oct 16 (Reuters) - Oil prices edged down on Friday morning as investors…

October 16, 2026

Oil edges down as investors weigh possible US sanctions on 'shadow fleet'

By Sam Li and Lewis Jackson BEIJING, Oct 16 (Reuters) - Oil prices edged down on Friday morning as investors…

October 16, 2026

Progress toward a US-Mexico tariff deal has stalled, WSJ reports

Oct 15 (Reuters) - Progress toward a US-Mexico tariff deal has stalled after opposition from Commerce Secretary Howard Lutnick, the…

October 16, 2026

Market selloff, rising rates test AI data centre deal boom

By Yantoultra Ngui, Kane Wu and Clare Jim HONG KONG, Oct 15 (Reuters) - A market selloff is forcing companies…

October 16, 2026

Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say

By Milana Vinn and Anirban Sen NEW YORK, Oct 15 (Reuters) - Some current Anthropic investors and prospective investors in its…

October 16, 2026

Global EV sales fall 2% in September, ending six-month growth streak

By Amir Orusov Oct 16 (Reuters) - Global demand for electric vehicles fell 2% in September, ending six consecutive months of…

October 16, 2026

Elon Musk agrees to settle lawsuits over 2024 election lottery

By Mike Scarcella WASHINGTON, Oct 15 (Reuters) - Elon Musk and his America PAC political action committee said on Thursday…

October 16, 2026

KFC picks Coca-Cola as US soda supplier, ditches longtime partner PepsiCo

By Juveria Tabassum Oct 15 (Reuters) - Fast-food chain KFC on Thursday signed Coca-Cola as its beverage partner for US…

October 16, 2026