U.S. manufacturing activity hits 13-year high; construction spending up
WASHINGTON (Reuters) – U.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even as Hurricanes Harvey and Irma are expected to dent…
Fed’s rate hikes causing low inflation, Kashkari says
(Reuters) – The Federal Reserve’s own actions, not transitory factors, are responsible for weak inflation, a Fed policymaker argued on Monday, and the U.S. central bank should wait to raise rates again until inflation hits its 2-percent goal.
U.S. Supreme Court rejects Samsung appeal in warranty dispute
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday refused to consider a bid by Samsung Electronics Co Ltd to force customers who have filed proposed class-action lawsuits against the company to arbitrate their claims instead of bringing them to …
Wall Street indexes open at record highs
(Reuters) – The three major U.S. stock indexes hit record highs at the open on Monday, the first trading day of the fourth quarter, on hopes of progress on President Donald Trump’s tax reform plan.
Oil falls below $56 on signs of higher output
LONDON (Reuters) – Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices to register their biggest third-quarter gain in 13 years.
Israel’s largest defense contractor unveils unmanned helicopter
(Reuters) – Israel Aerospace Industries (IAI) [ISRAI.UL], the country’s largest defense contractor, unveiled on Monday an unmanned helicopter that could be used to evacuate wounded soldiers from the battlefield.
U.S. casino stocks fall following mass shooting in Las Vegas
(Reuters) – Shares of Las Vegas casino operators fell as much as 5 percent in premarket trading on Monday after a gunman killed at least 50 people and wounded 200 others in a mass shooting on the Las Vegas strip.
Chubb expects Hurricane Maria-related third quarter insurance losses of $200 million
(Reuters) – Property and casualty insurer Chubb Ltd on Monday estimated that the maximum net insurance and net reinsurance losses related to Hurricane Maria would be about $200 million after tax for the third quarter.
Exclusive: Uber’s UK boss quits as firm battles to keep London license – email
LONDON (Reuters) – Uber’s [UBER.UL] top boss in Britain will quit the taxi hailing app, according to an email seen by Reuters on Monday, as the company prepares to meet the London transport regulator in a bid to keep operating in one of its most import…
Oil falls to below $56 on signs of higher output
LONDON (Reuters) – Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that saw prices score their biggest third-quarter gain in 13 years.
