Reuters US Business

By David Shepardson WASHINGTON (Reuters) -A U.S. auto safety agency said on Friday it is reconsidering a landmark rule from the administration of former President Joe Biden requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The National Highway Traffic Safety Administration said it would delay the effective …

Trump administration reviewing US automatic emergency braking rule Read More »

By Niket Nishant and Manya Saini (Reuters) – The tepid reception to Venture Global’s ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts said, and could be a signal that the recovery in new offerings may be a cautious one. Touted as the first blockbuster listing of 2025, …

Appetite for IPOs is strong, but watch those valuations, analysts say Read More »

BEIJING (Reuters) – Tesla will fix software for some imported Model S and X, and China-made Model 3 and Y cars over safety hazards, totalling more than 1.2 million units, China’s market regulator said. The action, effective Friday, is described as a product recall under Chinese regulations. (Reporting by Beijing newsroom; Editing by Himani Sarkar)

By Howard Schneider WASHINGTON (Reuters) – At their last meeting in December, U.S. Federal Reserve officials were worried about inflation getting stuck above their 2% target and had watched job gains seesaw in what seemed an emerging decline. When they meet on Jan. 28-29, the mood around the most recent economic data at least will …

A Fed on hold, for now, eyes strong jobs, easing inflation Read More »

By Jaspreet Singh (Reuters) -Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday, aiming to bolster the company’s position against rivals OpenAI and Google in the race to dominate the technology. As part of the investment, Meta will ramp up hiring …

Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says Read More »

By David French (Reuters) -The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers. Blackstone Energy Transition Partners has agreed to buy the 774-megawatt natural …

Blackstone to buy $1 billion Virginia power plant near data centers Read More »