Richemont profit rises 39% as jewelry sales lead growth
The Cartier owner's shares fell 7% in early trading despite higher earnings and a recovery at its specialist watchmakers.
Globe And Street: global business and finance news
Tech
ElevenLabs previews ElevenAI for team meeting notes and dictation
The experimental app requires early-access registration and supports meeting searches, agent-driven follow-ups and dictation in more than 90 languages.
Tech
SpaceX launches Starship return-to-tower test as booster explodes
The upper stage reached orbit and deployed 26 Starlink satellites, while SpaceX planned its first attempt to catch the returning spacecraft at its Texas launch tower.
- WorldFAA halts U.S. departures after air traffic control communication problems
- MarketsDollar heads for strongest week since September as yen nears 160
- Economy & PolicySEC proposes overhaul of executive pay disclosures
- CompaniesRichemont profit rises 39% as jewelry sales lead growth
- IPO & DealsxFusion advances toward $1.2 billion IPO after Shenzhen review
- Energy & CommoditiesAsia-Pacific airlines face higher fuel exposure as hedges expire
- Crypto & Digital AssetsFSB urges Turkey to tighten crypto and stablecoin oversight
- FinanceSoros Fund raises Intel holding to $340.3 million
- TechElevenLabs previews ElevenAI for team meeting notes and dictation
FAA halts U.S. departures after air traffic control communication problems
The agency said departing flights must stay grounded until further notice, while incoming international flights would be handled individually.
Dollar heads for strongest week since September as yen nears 160
Traders increased bets on a larger Federal Reserve rate increase, while Japan warned it would respond to currency volatility.
SEC proposes overhaul of executive pay disclosures
The proposal would narrow the executives covered in most cases and raise the minimum aggregate reporting threshold for perks from $10,000 to $150,000.
Tesla offers select customers Cybercab for personal use at $29,990
The offer includes a $299 monthly autonomy subscription, a fee Elon Musk said should be closer to about $115.
xFusion advances toward $1.2 billion IPO after Shenzhen review
The Chinese AI server maker plans to raise 8 billion yuan on ChiNext. The listing committee questioned its margins and the sustainability of operating growth.
Asia-Pacific airlines face higher fuel exposure as hedges expire
Jet fuel is trading at about $148 a barrel, while an industry association says fuel accounts for roughly 33% of airline operating costs.
FSB urges Turkey to tighten crypto and stablecoin oversight
The watchdog called for dedicated stablecoin rules, better market data and stronger coordination with overseas regulators.
Soros Fund raises Intel holding to $340.3 million
The family office increased its Intel position to 2.83 million shares in the third quarter while reducing its Apple and ON Semiconductor holdings.
Trump AI advisers discuss cyberattack reporting and legal protections
The task force also reviewed work on national standards for AI developers to disclose safety incidents and exchange cybersecurity information.