Boeing suppliers fear long-term jobs hit from strike

By Allison Lampert and Tim Hepher (Reuters) – Boeing’s two-week-old strike has forced aerospace supplier Pathfinder Manufacturing to furlough 14 out of the company’s 54 employees, and CEO Dave Trader fears he may need to send more home if the stoppage grinds on. Pathfinder runs a project to attract new recruits to the aerospace industry, and trains them alongside skilled workers at its facility yards away from Boeing’s Everett jet factory outside Seattle, the largest … Read more…

Online sellers on Walmart’s Flipkart sue India watchdog over antitrust probe

By Aditya Kalra NEW DELHI (Reuters) – Three online sellers operating on Walmart-owned Flipkart have sued the Indian antitrust watchdog over an investigation which found they, Flipkart and rival Amazon breached competition laws, according to court filings seen by Reuters. The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of their sellers and smartphone brands, violated local competition laws by giving undue preference to select online sellers and prioritizing certain … Read more…

Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say

By Milana Vinn and David French (Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the matter said on Saturday. The deal would mark TPG’s second such bet on a wealth manager within a week and underscores the burgeoning demand for dealmaking in the … Read more…

Kremlin says Russia’s updated nuclear doctrine is being formalised

MOSCOW (Reuters) – The Kremlin said on Sunday that amendments to Russia’s nuclear doctrine had been prepared and were about to be formalised, meaning the relevant documents setting out the circumstances in which nuclear arms can be used by Moscow will be updated. President Vladimir Putin warned the West on Wednesday that under proposed changes to the doctrine Russia could use nuclear arms if it was struck with conventional missiles and would consider any assault … Read more…

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Why gene therapy for sickle cell is slow to catch on with patients

By Deena Beasley LOS ANGELES (Reuters) – Student Zoe Davis, 20, was just weeks into her junior year when she landed back in the hospital with severe sickle cell pain earlier this month. She is doing what she can to prevent the crippling attacks in her arms, legs and abdomen that are becoming more frequent. She knows new gene therapies may provide long-term relief to some of the 100,000 Americans like her who suffer from … Read more…

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Trump says he will seek Google’s prosecution if he wins election

By Jasper Ward and Kanishka Singh WASHINGTON (Reuters) -Former U.S. President Donald Trump, who is the Republican presidential candidate, said on Friday he will seek the prosecution of Google if he wins the Nov. 5 election, claiming that the company only displays “bad stories” about him. Trump, in his post on Truth Social, gave no evidence for his assertion about Google. “It has been determined that Google has illegally used a system of only revealing … Read more…

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Oil prices fall as expectations of higher supplies hammer market sentiment

(Reuters) – Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. Brent crude futures fell 57 cents, or 0.8%, to $71.03 per barrel by 0036 GMT, while U.S. West Texas Intermediate crude futures were down 58 cents, or 0.9%, to $67.09 a barrel. On a weekly basis, Brent crude was … Read more…

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UAE foreign minister says his country is doubling down on U.S. ties

DUBAI (Reuters) – The United Arab Emirates is strengthening its relationship with the United States, the Gulf state’s foreign minister said on Friday, a sign of warmer relations after several friction points during the Biden presidency. Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan made his comments after the UAE’s ruler held separate talks this week with U.S. President Joe Biden, Democratic presidential candidate Kamala Harris and Republican candidate Donald Trump. Emirati leader Sheikh Mohamed … Read more…

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Clock is ticking for US recession, return of Fed’s QE, says black swan fund

By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in financial markets could once again force the U.S. central bank to come to the rescue by buying bonds, said tail-risk hedge fund Universa. The Fed said last week it started cutting rates to recalibrate monetary policy and to maintain strength in the labor market. With … Read more…

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Indexes Edge Higher – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) After all the hoopla, after Mr. Powell’s giant release of the half point rate cut, markets drifted with the indexes all closing a slight bit higher for the week, but very uneventful. Still the Dow Jones Industrial Average managed a new record high, over 42000 after a spirited move on Wednesday, supported by good data on Labor and lower interest rates. By Friday it was back to a ho-hum … Read more…