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Walmart makes African debut with South African store launch

In Today’s News

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Insurance IPOs hit 20-year high on Wall Street after tariff-driven chaos

(Reuters) -Insurance companies’ first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump’s trade war.Predictable cash flows and resilient business model gave private equity firms an opportunity to sell some portfolio …

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Ford reaffirms annual EBIT guidance after latest aluminum supplier fire

DETROIT (Reuters) -Ford Motor on Friday stood by its annual EBIT guidance of $6 billion to $6.5 billion for this year following another fire this week at aluminum supplier Novelis’ New York plant.Ford’s stock rose about 4% during Friday’s session, extending gains after the automaker reaffirmed the outlook it …

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Featured Article

Walmart makes African debut with South African store launch

JOHANNESBURG (Reuters) -Walmart opened its first store in South Africa on Saturday, marking the U.S. retail giant’s debut on the African continent as it seeks a stake in a competitive market.More than a hundred shoppers queued for hours outside the store to take advantage of Walmart’s “Everyday Low Price …

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Other Headlines

US manufacturing slows in November as high prices curb demand

WASHINGTON (Reuters) -U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy.Relief for manufacturers is unlikely to come soon as the University of Mic …

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 A surprising new initiative has just been proposed in Washington. The vision is to honor Trump’s so-called “golden era” by featuring him on the $100 bill. As you’ll discover, this has little to do with the emerging Crypto Reserve… Or Trump’s ambitious vision for Artificial Intelligence… Former Presidential Advisor, Jim Rickards states, “Trump’s ultimate success will be even more monumental.” In the coming months, he forecasts that the government will unveil a colossal multi-trillion-dollar asset that has remained under wraps for over a century. This presents an incredible opportunity for everyday investors to potentially reap significant rewards. Discover the full details now!

Microsoft launches tracker to manage autonomous AI in the workplace

SAN FRANCISCO (Reuters) -In Microsoft’s view, humans are not the only ones to manage in a workplace. Artificial intelligenceĂ‚ needs a manager, too.The software maker on Tuesday announced Microsoft Agent 365, a program for its customers to track what it expects to be 1.3 billion agents automating office work …

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French drone makers eye Ukraine deals amid funding uncertainty

PARIS (Reuters) -French and Ukrainian drone makers are racing to clinch co-production agreements and orders by year-end, industry, diplomatic and military sources said, even as financing and competition from other European countries pose major challenges.The war in Ukraine and a surge in drone activity at sen …

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Exxon freezes plans for major hydrogen plant amid weak customer demand

HOUSTON (Reuters) -Exxon Mobil has paused plans to build what would be one of the world’s largest hydrogen production facilities due to weak customer demand, CEO Darren Woods told Reuters in an interview on Friday.The suspension of the project, which had already experienced delays, reflects a wider slowdown i …

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Fed’s Collins: Monetary policy currently in right place, hesitant about cutting rates

BOSTON (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Saturday that she’s still leaning against the U.S. central bank cutting its interest rate target next month as it faces ongoing risks to both its inflation and job mandates.Ă‚ Ă‚ Ă˘Â€ÂśI do see reasons to be hesitant” ab …

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