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Tesla sued by family who says faulty doors led to wrongful deaths from fiery crash

3 Nov 2025

By Jonathan Stempel (Reuters) -Tesla has been sued over a fiery Wisconsin crash that killed all five occupants of a Model S, who were allegedly trapped inside because of a design flaw that prevented them from opening the sedan’s doors. Jeffrey Bauer, 54, and Michelle Bauer, 55, of Crandon, Wisconsin were passengers when their Model …

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Fed’s Cook: December live for a rate cut but will depend on incoming information

3 Nov 2025

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve Governor Lisa Cook said on Monday she considers December’s Fed meeting “live” for a potential rate cut but that she will make her decision based on information from a broad variety of sources between now and then, potentially in the absence of government data delayed by the …

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Microsoft signs $9.7 billion cloud deal with IREN as AI demand swells

3 Nov 2025

(Reuters) -Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia’s advanced chips, aiming to ease the computing crunch that has kept the tech giant from fully cashing in on the artificial intelligence boom. The news sent shares of IREN up as much as 24.7% to a record high …

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Canadian quantum computing firm Xanadu to list on Nasdaq via $3.6 billion SPAC deal

3 Nov 2025

By Arasu Kannagi Basil and Ateev Bhandari (Reuters) -Xanadu Quantum Technologies will go public on the Nasdaq through a merger with blank-check firm Crane Harbor Acquisition Corp in a $3.6 billion deal, the companies said on Monday. The Canadian quantum computing firm expects the SPAC deal to fetch nearly $500 million, including a $275 million private …

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Cloud startup Lambda unveils multi-billion-dollar deal with Microsoft

3 Nov 2025

(Reuters) -Artificial intelligence cloud startup Lambda said on Monday it has entered into a multi-billion-dollar agreement with Microsoft to deploy tens of thousands of AI chip leader Nvidia’s graphics processors. Lambda did not provide further details on a specific deal value or timeline for the deployment in its statement. (Reporting by Arsheeya Bajwa in Bengaluru; …

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Fed’s Daly says she backed latest rate cut, open to another one in December

3 Nov 2025

By Ann Saphir (Reuters) -San Francisco Federal Reserve President Mary Daly on Monday said she supported the U.S. central bank’s interest rate cut last week, and will want to sift through incoming data to assess if another reduction in borrowing costs is warranted at the December 9-10 meeting. “I thought it was appropriate to take …

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Canada says it is launching dispute settlement proceedings against Stellantis

3 Nov 2025

OTTAWA (Reuters) -Canada is launching dispute settlement proceedings against auto manufacturer Stellantis over its decision to shift production from a Canadian plant to one in the United States, Industry Minister Melanie Joly said on Monday. Stellantis said last month it would to move its Jeep Compass production from the Ontario city of Brampton to the …

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Buffett-owned utility warns of strained liquidity from wildfire trials

3 Nov 2025

By Jonathan Stempel (Reuters) -A utility owned by Warren Buffett’s Berkshire Hathaway warned on Monday it could face strained liquidity and lose its investment-grade status after a judge sped up the pace of trials over the 2020 Labor Day weekend wildfires in Oregon. PacifiCorp has already set aside $2.85 billion, including $100 million in the …

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Fed’s Goolsbee is on fence about need to cut rates in December

3 Nov 2025

By Michael S. Derby (Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday he’s in no hurry to cut interest rates again with inflation still too far above the central bank’s 2% target.  “I’m not decided going into the December meeting” and “my threshold for cutting is a little bit higher than …

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US FDA’s drug division chief resigns amid ethics concerns and lawsuit

3 Nov 2025

(Reuters) -The director of the U.S. Food and Drug Administration’s Center for Drug Evaluation and Research, George Tidmarsh, resigned on Sunday amid serious concerns about his personal conduct, a Department of Health and Human Services spokesperson told Reuters on Monday. He was placed on administrative leave on Friday after the Office of the General Counsel …

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