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Carmakers throw money at the future of driving

Japan Inc. is leaping into the future of cars, courtesy of SoftBank Group Corp. On October 3, Honda Motor Co. announced a $2.75 billion investment in General Motors Co.’s self-driving subsidiary Cruise, a departure from the Japanese carmaker’s tight-fisted approach to technology spending. That follows SoftBank Vision Fund’s $2.25 billion outlay just months ago. With these, GM Cruise is now ...

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US stocks fall for a fifth day as Treasuries retreat

Bloomberg US stocks fell for a fifth day as Treasury yields resumed their upward march and investors grew increasingly concerned about the effects of the trade war with China. Oil held near $75 a barrel as a major hurricane headed for the Florida Panhandle. The S&P 500 headed for its longest slide since Donald Trump’s election win on rising concern ...

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Indian stocks rebound from a six-month low

Bloomberg Indian stocks rebounded as some investors judged the recent selloff as excessive after the benchmark index closed at a six-month low. The S&P BSE Sensex rose 1.4 percent to 34,760.89 at close in Mumbai after a technical indicator fell below a level that some investors see as a signal to buy shares. Seventeen of 19 sector sub-indexes compiled by ...

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