By Karl Plume and Julie Ingwersen CHICAGO (Reuters) -A crop data blackout during the longest-ever U.S. government shutdown has led to the widest range of analyst estimates in a decade for corn and soybean yields, as an information vacuum at harvest time and during critical trade negotiations distorted the market for the country’s two most …
USDA data blackout fuels uncertainty ahead of upcoming crop report Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Auto parts supplier LKQ is planning to sell Keystone Automotive Industries, its specialty parts division, three people familiar with the matter told Reuters, as the company faces pressure from investors to sell some assets to maximize shareholder value. The division could be worth roughly $1 billion, according to LKQ’s …
Exclusive-LKQ taps Bank of America to sell specialty parts business, sources say Read More »
(Reuters) -Billionaire Elon Musk on Thursday said on X the CNBC report of his artificial intelligence startup xAI raising $15 billion in a series E funding round was “false.” The latest CNBC report said the capital raise added another $5 billion to the $10 billion round that valued xAI at $200 billion. Musk had also …
Elon Musk says report on xAI’s $15 billion fundraise is ‘false’ Read More »
(Reuters) -Tesla said on Thursday it is recalling about 10,500 units of its Powerwall 2 battery power systems in the U.S. for fire and burn hazards after receiving 22 reports of overheating. The U.S. Consumer Product Safety Commission said the recall covers systems that “may fail and overheat,” raising the risk of serious injury or …
Tesla recalls 10,500 Powerwall 2 batteries in US over fire risk Read More »
(Reuters) -More than 1,000 Starbucks unionized baristas launched an open-ended strike on Thursday, intensifying their push for a collective bargaining agreement over pay and other benefits at the coffee giant. Starbucks Workers United has repeatedly targeted the company’s Red Cup Day – one of its busiest days – when customers receive free reusable holiday-themed cups …
(Reuters) -Tesla is developing support for Apple’s CarPlay system in its electric vehicles, Bloomberg News reported on Thursday, marking a potential shift in the carmaker’s long-standing resistance to third-party software integration. The company’s potential adoption of CarPlay, which allows users to control iPhone features such as navigation, music and messaging through a vehicle’s built-in display, …
Tesla working to integrate Apple CarPlay in its EVs, Bloomberg News reports Read More »
(Reuters) -Pfizer said on Thursday it completed an acquisition worth up to $10 billion of biotech firm Metsera after winning shareholder approval, securing a path into the fast-growing obesity treatment market after a fierce bidding war with Wegovy-maker Novo Nordisk. WHAT IS METSERA? Metsera is a New York-based clinical-stage biotech firm focused on developing treatments …
What is Metsera, the target in Pfizer’s and Novo Nordisk’s bidding war? Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The historically routine process of reappointing the Federal Reserve’s 12 regional bank presidents is being watched for signs of becoming the newest challenge to the U.S. central bank’s independence, as President Donald Trump seeks more influence over interest rates and other policies. The twice-a-decade proceeding ordinarily occurs …
Regional Fed banks could be next front in Trump’s pressure campaign Read More »
(Reuters) -Grayscale recorded a 20% fall in revenue for the first nine months of 2025, the crypto-focused asset manager disclosed in its U.S. initial public offering paperwork on Thursday. The company made its IPO filing public hours after President Donald Trump signed a deal to end the longest government shutdown in the country’s history. The …
Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing Read More »
By Padraic Halpin DUBLIN, Ireland (Reuters) -Risks to the Federal Reserve’s two goals of price stability and full employment are balanced now that the Fed has cut interest rates twice so far this year, San Francisco Fed President Mary Daly said on Thursday, leaving her open minded about the upcoming December rate-setting decision. “To my …
Fed’s Daly open-minded on December rate cut amid balanced risks Read More »
