Billionaire hedge fund manager Loeb shifts portfolio, eyes possible Republican U.S. election wins

By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Daniel Loeb adjusted his portfolio to capture a potential boom in corporate activity after the Nov. 5 U.S. election where he expects the Republican Party will chalk up wins. Loeb believes the Republican presidential candidate, Donald Trump, is more likely to win the White House and …

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Georgia judge blocks elections rules backed by Pro-Trump Republicans

By Luc Cohen and Jack Queen (Reuters) -A judge on Wednesday overturned controversial changes to Georgia election rules made by a Republican-controlled state board, the latest defeat for allies of Donald Trump seeking to change how the state’s votes are counted in the Nov. 5 U.S. presidential election. Judge Thomas Cox struck down a half-dozen …

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Loeb’s Third Point built stake in DSV in Q3, sees ‘significant upside’

By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire hedge fund manager Daniel Loeb told investors on Thursday that his firm Third Point built a new stake in DSV A/S during the third quarter and he sees “significant upside” for the Danish freight forwarder and logistics company. DSV will benefit from its planned acquisition of Schenker, …

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Russia tells Israel to not even consider attacking Iranian nuclear facilities, TASS says

MOSCOW (Reuters) – Russia is warning Israel to not even consider striking Iranian nuclear facilities, state news agency TASS quoted Deputy Foreign Minister Sergei Ryabkov as saying on Thursday. After Iran’s missile attack on Israel on Oct. 1, there has been speculation that Israel could strike Iran’s nuclear facilities, as it has long threatened to …

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Strong discretionary spending buoys US retail sales in September

By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view that the economy maintained a strong growth pace in the third quarter. The slightly stronger-than-expected rise in sales reported by the Commerce Department on Thursday …

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UN seeks probe into reported mass killing of Afghans migrating to Iran

By Charlotte Greenfield and Mohammad Yunus Yawar HERAT, Afghanistan (Reuters) – The United Nations’ mission in Afghanistan called on Thursday for an investigation into reports that a large group of Afghan migrants had been shot and killed on the Afghanistan-Iran border. Afghan media outlets including Tolo News, citing witnesses, said more than 200 Afghan migrants …

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Bain & Co, OpenAI expand partnership to sell AI tools to clients

(Reuters) – Bain & Co said on Thursday it will expand its partnership with OpenAI to sell the AI startup’s tools, including ChatGPT, to the consultancy’s clients. Last year, the companies had set up a global services alliance to make Bain’s clients aware about OpenAI’s technology. The Boston-based consultancy has made OpenAI platforms, including ChatGPT …

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