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Swatch sells watch lampooning Trump's 39% tariffs on Switzerland
Reuters· 2025-09-12 10:07
Group 1 - Swiss watchmaker Swatch has launched a special edition watch featuring the numbers three and nine reversed on its face [1] - This design choice is a commentary on the 39% tariffs imposed by President Donald Trump on U.S. imports [1]
Wall Street braces for quarter-end liquidity stress in money markets
Reuters· 2025-09-12 10:03
A surge in U.S. Treasury bill issuance in recent months has reduced liquidity in the financial sector, stoking investor concerns that funding markets could face a September squeeze. ...
Kenvue CEO lobbied RFK Jr. not to cite Tylenol as autism cause, WSJ reports
Reuters· 2025-09-12 10:02
Group 1 - Kenvue's interim CEO Kirk Perry met with Robert F. Kennedy Jr. to discuss concerns regarding Tylenol's potential link to autism [1] - The meeting aimed to persuade the U.S. health secretary against including Tylenol as a possible cause of autism in an upcoming report [1] - This engagement highlights Kenvue's proactive approach in addressing public health concerns related to its products [1] Group 2 - The discussion reflects the ongoing scrutiny and debate surrounding the safety of over-the-counter medications like Tylenol [1] - Kenvue is positioned to navigate potential regulatory challenges that may arise from the report's findings [1] - The outcome of this meeting could have significant implications for Kenvue's reputation and market performance [1]
China's Xpeng to recall 47,490 P7+ electric cars over potential steering assist failure
Reuters· 2025-09-12 09:40
Chinese electric carmaker Xpeng will recall 47,490 P7+ electric sedans from Sept. 15 due to a potential steering assist failure, the Chinese market regulator said in a statement on Friday. ...
ECB must be mindful of downside risks to inflation, Rehn says
Reuters· 2025-09-12 09:06
Core Viewpoint - The European Central Bank should be cautious of inflation risks due to declining energy prices and a strengthening euro [1] Group 1 - Finnish central bank chief Olli Rehn emphasized the importance of monitoring downside risks to inflation [1]
India sees no major impact on Foxconn from pullback of Chinese employees
Reuters· 2025-09-12 08:22
Core Viewpoint - India anticipates minimal disruption to Foxconn's operations following the company's recent decision to repatriate some employees from China [1] Group 1 - The Indian government is optimistic about Foxconn's continued operations in the country despite the employee repatriation [1] - Foxconn's actions are seen as a strategic move rather than a sign of operational instability [1] - The company remains committed to its investments and projects in India [1]
EU says it accepts Microsoft's commitments to address competition concerns over Teams platform
Reuters· 2025-09-12 08:09
Group 1 - The European Commission has accepted commitments from Microsoft to address competition concerns regarding its Teams platform [1]
Rivian to recall over 24,000 US vehicles over highway assist software issue, NHTSA says
Reuters· 2025-09-12 07:23
Rivian is recalling over 24,000 of its 2025 model year R1S and R1T electric vehicles due to a software defect that may cause its Hands-Free Highway Assist system to misidentify lead vehicles, the National Highway Traffic Safety Administration said on Friday. ...
Larry Ellison is back on top, 48 years after he co-founded Oracle
Reuters· 2025-09-12 07:06
Group 1 - The article discusses the rising prominence of Oracle co-founder Larry Ellison, suggesting he may become the world's richest person [1] - Fortune magazine features Ellison on its cover, indicating a renewed interest in his status and influence in the tech industry [1] - BusinessWeek highlights Ellison's resurgence in popularity, referring to him as "cool again" and emphasizing his relevance in Silicon Valley [1]
China investors seen looking past Cambricon index rebalance, staying bullish on AI
Reuters· 2025-09-12 07:03
Core Viewpoint - Investors are expected to maintain strong interest in Cambricon shares despite a potential reshuffle in a key tech index, which could result in over $1 billion in passive selling, indicating confidence in the company's position as an AI leader [1] Group 1 - The anticipated reshuffle in the tech index is likely to trigger significant passive selling, estimated at over $1 billion [1] - Cambricon is identified as a bellwether in the AI sector, suggesting its importance and influence within the industry [1]