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Oil little changed amid fading risk premium after Gaza deal
Reuters· 2025-10-10 01:19
Core Viewpoint - Oil prices remained stable in early Asian trade after a decline of over 1% in the previous session, as the market's war risk premium diminished following an agreement between Israel and Hamas on the first phase of a ceasefire [1] Group 1 - Oil prices were little changed in early Asian trade on Friday [1] - The market experienced a decline of more than 1% in the previous session [1] - The war risk premium in the oil market has faded due to the ceasefire agreement [1]
Drake's defamation suit against UMG over Lamar's 'Not Like Us' dismissed
Reuters· 2025-10-09 22:26
Core Points - A federal judge in Manhattan dismissed Drake's defamation lawsuit against Kendrick Lamar's diss track "Not Like Us" [1] - The lawsuit was directed at Universal Music Group, which is the label for both artists [1] Company Summary - Universal Music Group is involved in the legal dispute as it releases music for both Drake and Kendrick Lamar [1] Industry Summary - The case highlights ongoing tensions and legal challenges within the music industry, particularly regarding artist expression and defamation [1]
Wall Street regulator eases IPO path during government shutdown
Reuters· 2025-10-09 21:52
Wall Street's top regulator on Thursday eased the way for companies to proceed with initial public offerings during the federal government's shutdown, according to an announcement on its website. ...
CVS says over 81% of members are in high-rated Medicare Advantage plans for 2026
Reuters· 2025-10-09 21:50
Core Insights - CVS Health's Aetna insurance business has achieved a significant milestone with over 81% of its members in Medicare Advantage plans rated 4 stars or higher for 2026 [1] Group 1 - Aetna's performance in Medicare Advantage plans indicates a strong quality rating, which may enhance its competitive position in the healthcare market [1] - The high percentage of members in well-rated plans suggests a focus on quality care and customer satisfaction within Aetna's offerings [1]
Applied Digital beats revenue estimates as AI demand fuels data center growth
Reuters· 2025-10-09 21:23
Core Insights - Applied Digital exceeded Wall Street revenue estimates for the first quarter, driven by increased demand for its data center services as customers expand their computing capabilities to support rapid growth in various sectors [1] Group 1: Financial Performance - The company reported first-quarter revenue that surpassed analyst expectations, indicating strong market performance [1] - The surge in demand for data center services reflects a broader trend in the industry as businesses scale up their computing resources [1] Group 2: Market Demand - There is a notable increase in customer demand for data center services, which is a key driver of the company's revenue growth [1] - The trend of scaling up computing resources is likely to continue as industries adapt to fast-growing technological needs [1]
Brazil's Petrobras set to deliver 20% of country's total demand for nitrogen fertilizers, CEO says
Reuters· 2025-10-09 20:53
Brazilian oil company Petrobras will be able to deliver about 20% of the country's total demand for nitrogen fertilizers when it restarts operations at three local plants, CEO Magda Chambriard said on... ...
Exclusive: Ford reverses plan to claim EV tax credits, following GM
Reuters· 2025-10-09 20:48
Core Insights - Ford Motor is retracting a program that permitted dealers to provide a $7,500 tax credit on electric vehicle (EV) leases following the expiration of the federal credit subsidy on September 30 [1] Company Summary - The decision to walk back the tax credit program indicates a shift in Ford's strategy regarding EV leasing incentives [1] Industry Summary - The expiration of the federal credit subsidy may impact the overall EV leasing market, as dealers and manufacturers reassess their incentive structures in light of changing federal policies [1]
BP wins arbitration case against Venture Global over LNG cargoes
Reuters· 2025-10-09 20:40
BP has won its arbitration case against Venture Global over the U.S. supplier's failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global s... ...
Levi Strauss lifts annual sales, profit forecasts on resilient denim demand
Reuters· 2025-10-09 20:16
Core Viewpoint - Levi Strauss has raised its full-year sales and profit forecasts, driven by strong demand for wide-leg denim bottoms in Europe and the Americas despite the impact of higher tariffs [1] Group 1: Sales and Profit Forecasts - The company has increased its full-year sales forecast, indicating positive market conditions and consumer demand [1] - Profit forecasts have also been raised, reflecting confidence in the company's financial performance for the year [1] Group 2: Market Demand - There is a notable strong demand for wide-leg denim bottoms, particularly in the European and American markets [1] - The demand persists despite the challenges posed by higher tariffs, showcasing the resilience of the product category [1]
Microsoft 365 down for thousands of users, Downdetector shows
Reuters· 2025-10-09 18:45
Microsoft's suite of productivity softwares was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...