2025-11-09 16:45

Nov 9 (Reuters) - Video platform Rumble (RUM.O) , opens new tab is pushing ahead with an all-share offer to buy Germany's Northern Data (NB2.DE) , opens new tab, Bloomberg News reported on Sunday. The companies could announce the agreement in the coming days, the report said, citing people familiar with the matter, adding Northern Data shareholders will receive a lower stake than under initially proposed terms. Sign up here. Rumble is considering lowering the exchange ratio for the deal to offer around two Rumble shares for every Northern Data share, the report said. The German firm has a market capitalization of around 755.59 million euros ($881.17 million), according to data from LSEG. Cryptocurrency group Tether, which currently owns 48% of Rumble, will forgo a substantial portion of a 575 million euro loan it had granted to Northern Data, the report said. Reuters could not immediately verify the report. Northern Data, Rumble, and Tether did not immediately respond to requests for comment outside regular business hours. Rumble, which hosts U.S. President Donald Trump's Truth Social, in August made an offer to acquire Northern Data, giving Rumble control of the German company's Taiga business and its large-scale data center arm, Ardent. Reuters calculated the potential total deal value at approximately $1.17 billion. In October, Northern Data withdrew its annual forecast, as the AI cloud company was evaluating potential strategic transactions and the graphics processing unit's market pricing dynamics. ($1 = 0.8575 euros) https://www.reuters.com/business/rumble-advances-all-share-bid-germanys-northern-data-bloomberg-news-reports-2025-11-09/

2025-11-09 16:32

WASHINGTON, Nov 9 (Reuters) - U.S. economic growth in the fourth quarter could be negative if a federal shutdown drags on, White House economic adviser Kevin Hassett said in an interview that aired on Sunday. Hassett, speaking to the CBS show "Face the Nation", noted that a shortage of air traffic controllers was causing major travel delays in the run-up to the Thanksgiving holiday. Sign up here. "Thanksgiving time is one of the hottest times of the year for the economy... and if people aren't traveling at that moment, then we really could be looking at a negative quarter for the fourth quarter," he said. https://www.reuters.com/business/autos-transportation/us-fourth-quarter-gdp-could-be-negative-if-shutdown-drags-white-house-economic-2025-11-09/

2025-11-09 11:56

Investors view market decline as pause after rally, not deeper unraveling Volatility seen as normal, driven by profit-taking, not fundamental shift U.S. economy's strength supports risk-taking, argues against market crash NEW YORK, Nov 9 (Reuters) - The stock market's recent weakness marked a speed bump in a rally that had driven stocks to a series of record highs, but many investors view the pullback as a breather rather than a sign of deeper trouble. The S&P 500 has fallen 2.4% over the last eight sessions as investors fretted over the state of the U.S. economy and elevated valuations of artificial intelligence and technology stocks — sectors that have powered the market this year. Sign up here. "It's a speed bump. It's not a wall that you're going to ram the car into and have a bit more damage than anyone is planning for," said Raheel Siddiqui, senior investment strategist at Neuberger Berman Global Equity Research Department. "Whether it's something more than a simple correction, a recession or a bear market or something more sinister? I don't believe we have the preconditions for that," he said. Despite jitters over valuations and market concentration, the bull market has strong underpinnings that encourage risk-taking: the Federal Reserve's easing of financial conditions, the AI-driven boom in capital expenditures, and a supportive economic backdrop, investors said. "I don't really see a significant change in positioning; I don't see a significant change in sentiment," said Chris Dyer, co-head of Eaton Vance Equity and portfolio manager for global equity portfolios in London. "That's not to say that that couldn't happen. I just don't think that we're seeing it at this point." THE OLD NORMAL Part of the reason the stock market pullback has drawn attention is that market drops have been rare since the tariff-induced selloff in April subsided, investors said. The S&P 500 has not fallen more than 3% from its most recent high since April. The selloff was "just a reminder that volatility exists and is normal," said Mike Reynolds, vice president of investment strategy at Glenmede Wealth Management. The volatility does not stem from a fundamental shift in the outlook for stocks, investors said. "What we are starting to see now is some fear of heights and profit taking," said Tobias Hekster, co-chief investment officer at True Partner Capital. "I don't think we are seeing any meaningful unwinding yet." The bigger risk is overreacting to the market weakness, said David Wagner, head of equities and portfolio manager at Aptus Capital Advisors. "I legitimately think one of the biggest risks that an investor could do right now is to take money off the table." While near-term worries may have buffeted stocks in recent sessions, the longer-term outlook remains positive, said Phil Orlando, chief market strategist at Federated Hermes. "Could there be a little chop, a little increased volatility over the course of the next couple of quarters? Absolutely, but we would view that as a buying opportunity." The U.S. economy argues against a market crash, investors said, with faster second-quarter growth than previously estimated amid strong consumer spending. Surging business investment is expected to offset weaker growth in consumption and global trade and keep the economy growing, a National Association for Business Economics survey showed. "When you look at the fundamentals in the economy around the world, the U.S., emerging markets are experiencing strong growth and while there is some weakness that is at a healthy level," said Victor Zhang, chief investment officer for American Century Investments, which manages around $300 billion. However, with the S&P 500 up 14% for the year and the Nasdaq up 19%, analysts broadly agreed that the selloff risks picking up steam and news on the economy could turn negative. With fresh official data on the economy missing due to the U.S. government shutdown, investors have to figure out the appropriate weight to put on each new unofficial report, raising the risk of overreaction. "Bull markets don't die of old age; they die of fright," said Sam Stovall, chief investment strategist at CFRA, who sees potential for further market weakness. "What they are most afraid of right now is a recession." https://www.reuters.com/business/stock-market-hits-speed-bump-investors-stay-bullish-path-2025-11-09/

2025-11-09 10:30

LONDON, Nov 9 (Reuters) - Britain is sending experts and equipment to Belgium to help it combat disruptive drone sightings, which have temporarily closed airports, the head of the British military said on Sunday. Drones have been spotted over airports and military bases in Belgium in the last week, having caused major disruption across Europe in recent months. Sign up here. Richard Knighton, head of Britain's armed forces, told the BBC that his Belgian counterpart had asked for assistance and that equipment and personnel were on the way. "The defence secretary and I agreed at the end of last week that we would deploy our people and our equipment to Belgium to help them," he said, without giving details of what sort of equipment would be sent or how many personnel. Knighton said it was not known yet who was behind the drone sightings, but noted Russia has been involved in a pattern of "hybrid warfare" in recent years. Russia has denied any connection with the incidents. Drones spotted flying over airports serving the capital, Brussels, and Liege, in the country's east, forced the diversion of many incoming planes and the grounding of some due to depart on Tuesday. Drone sightings also forced the temporary closures of airports in several countries including Sweden on Thursday. The German defence minister suggested a link on Friday between recent drone incidents in Belgium and discussions over the use of frozen Russian assets, held by Belgian financial institution Euroclear, to fund a large loan to Ukraine. https://www.reuters.com/business/aerospace-defense/uk-sends-defence-equipment-help-belgium-deal-with-disruptive-drones-2025-11-09/

2025-11-09 08:54

TOKYO, Nov 9 (Reuters) - Japan issued a tsunami advisory for Iwate prefecture in the north of the country on Sunday, public broadcaster NHK said, asking residents to stay away from coastal areas. A tsunami was observed 70 km (45 miles) off the coast of Iwate Prefecture at 5:12 p.m. (0812 GMT) and was expected to reach the Pacific coastline soon, NHK said. The wave was expected to be about 1 metre (3 feet, 3 inches), it said. Sign up here. There were no abnormalities at the Onagawa nuclear power plant operated by Tohoku Electric Power Co (9506.T) , opens new tab, NHK said. An earthquake of magnitude 6.26 earlier struck off the east coast of Japan's largest island, Honshu, which includes Iwate, according to the U.S. tsunami warning system. https://www.reuters.com/business/environment/japan-issues-tsunami-advisory-iwate-prefecture-northern-japan-nhk-says-2025-11-09/

2025-11-09 07:58

MADRID, Nov 9 (Reuters) - Three people died and 15 were injured on Saturday as rough seas battered the Spanish holiday island of Tenerife, emergency services said. A rescue helicopter airlifted a man who had fallen into the water at La Guancha, a beach in the north of the island, but he was pronounced dead on arrival at hospital, emergency services said. Sign up here. In a separate incident, a man was found floating on the beach at El Cabezo in the south of the island. Lifeguards and medical staff were unable to resuscitate him and he was pronounced dead at the scene. A woman suffered a heart attack and died when a wave swept 10 people into the sea at Puerto de la Cruz in northern Tenerife. Three others from the group were seriously injured and taken to hospital for treatment. The Canary Islands, a Spanish archipelago off the west coast of Africa that includes Tenerife, are on alert for coastal hazards, the islands' emergency service said on Sunday. https://www.reuters.com/sustainability/climate-energy/three-die-heavy-seas-batter-spanish-island-tenerife-2025-11-09/