Business News

(Reuters) — Global stocks rose, the U.S. dollar hovered around its highest levels in over six weeks and oil prices edged up, as a ​great deal of uncertainty surrounded U.S.-Iran peace talks.

(Reuters) — Wall Street’s main indexes rallied more than 1% on Wednesday, bouncing back from a three-day selloff with ​a boost in sentiment from technology and chip stocks, which rose ahead of Nvidia’s quarterly results.

SEJONG, South Korea (Reuters) — Some 48,000 Samsung Electronics workers were set to walk off the job on Thursday after ​talks on bonus payments broke off without a deal — a strike which threatens the health of South Korea’s economy and could hit global chip supply.

OAKLAND, California (Reuters) — A U.S. jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence ​company not liable to the world’s richest person for having allegedly strayed from its original mission to benefit humanity.

SINGAPORE (Reuters) — Oil prices extended gains on Monday as efforts to end the U.S.-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. ​President Donald Trump is expected to discuss military options on Iran.

BEIJING (Reuters) — China and the United States have agreed to expand agricultural trade through tariff reductions ​and tackle non-tariff barriers and market access issues, China’s commerce ministry said on ‌Saturday after this week’s summit in Beijing.

ABOARD AIR FORCE ONE (Reuters) — China has agreed to buy 200 ​Boeing jets, with a potential for the order to rise to as many as 750 planes, President Donald Trump told reporters on ‌Friday, adding that the planes would have GE Aerospace engines.

(Reuters) — The United States expects China to sign up to buy “double-digit billions” worth of U.S. farm goods following a summit between Presidents Donald ​Trump and Xi Jinping in Beijing, U.S. Trade Representative Jamieson Greer said on ‌Friday.

NEW YORK (Reuters) — Investors are bracing for U.S. Treasury yields to stay higher longer, skeptical that incoming Federal Reserve Chair Kevin Warsh will be able to tame inflation stoked by surging oil prices during a prolonged Middle East ​conflict.

SINGAPORE (Reuters) — Asian stocks found their footing after an initial selloff on Wednesday, helped by a turnaround in ​Korean shares as revived AI optimism dwarfed concerns about stalled talks between Washington and Tehran and hotter-than-expected U.S. inflation.