Page 1059 - Reuters

Stocks tumble, dollar climbs as taper and virus fears spook markets

Stocks stumbled, global bond yields fell and the dollar hit a nine-month peak on Thursday as a double-whammy of Fed taper fears and Covid worries haunted equity markets

Intel details mixed-source chip strategy and partnership with TSMC

Intel Corp on Thursday gave new details of its turnaround strategy to source subcomponents of its chips from external factories, including new specifics of partnerships with rival TSMC

US weekly jobless claims fall to 17-month low of 348,000

Initial claims for state unemployment benefits fell 29,000 to a seasonally adjusted 348,000 for the week ended Aug. 14, the Labor Department said on Thursday

Several killed in flag-waving protests against Taliban in Afghanistan

Leader of anti-Taliban opposition supports protests; Taliban tell people with no travel documents to leave airport

Robinhood tumbles 12% after warning of slowdown in retail trading

Shares of Robinhood Markets Inc tumbled 12% on Thursday, after the owner of the app warned that the trading frenzy among small-time investors that boosted its second-quarter revenue would slow down

Post-lockdown resignation intentions on the rise as job markets recover

By Michael Kahn

European shares fall 2% on Fed taper fears; commodities slump hits miners

STOXX 600 falls to two-week low; defensive utilities among smallest decliners

Gold prices fall as US Federal Reserve's taper talks boost US dollar

Spot gold fell 0.5% to $1,779.52 per ounce by 0640 GMT

'Afghanistan's fate means West is now perceived as weak,' says UK minister

The war in Afghanistan has cost several hundred thousand lives and trillions of dollars but the Taliban are now back in power

Oil drops towards $66, lowest since May on demand concerns amid Covid surge

Rising Covid cases fuel fears over slower demand; stronger dollar as Fed on track to taper this year weighs

Taliban urge Afghans to leave Kabul airport after days of deadly chaos

12 killed in airport chaos since Sunday; witnesses say Taliban opened fired on protesters in Jalalabad

Toyota to slash September production as chip shortage bites: Report

Toyota Motor Corp will reduce global production for September by 40% from its previous plan, the Nikkei business daily reported on Thursday

Volkswagen says might have to cut production further due to chip shortage

Volkswagen may need to cut production further due to a semiconductor supply bottleneck, the German carmaker said on Thursday.

Goldman Sachs to buy NN group's investment arm for $1.98 billion

NN Group said Goldman Sachs will buy NNIP, the Dutch insurer's investment arm, for $1.98 bn in the biggest acquisition by the American firm since David Solomon became chief executive in 2018

Asian stocks slide, dollar climbs as taper and virus fears combine

Commodities were also sold with oil down for a sixth straight session and at three-month lows, while growth bellwether copper fell to a two-month trough

Policy groups ask Apple to drop plans to scan iMessages for child abuse

Signatories in nations as varied as India, Mexico, Germany fear tech to prevent spread of child sexual abuse material could be used for censorship.

Afghanistan turmoil: Taliban meets Karzai in talks to form govt

The Haqqani Network is an important faction of the Taliban, who captured the capital, Kabul, on Sunday

Oil slides as US crude drawdown faces Covid-19 surge, firmer dollar

Oil prices dipped slightly on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand

Afghan central bank's $10 billion stash mostly out of Taliban's reach

Most of the assets are held outside Afghanistan potentially putting most of them beyond the insurgents' reach, according to Afghan officials, including the bank's acting governor, Ajmal Ahmady

No need for Covid booster jabs for now, vaccine supplies short: WHO

The comments came just before the U.S. government said it planned to make the booster shots widely available to all Americans starting on Sept. 20