Dec 15 (Reuters) – Netflix’s decision to acquire assets from Warner Bros Discovery has not changed, its co-CEOs Greg Peters and Ted Sarandos said in a letter to employees on Monday. The streaming giant won Warner Bros’ vote earlier this month, securing a $72 billion equity deal for its TV, film studios and streaming assets …
Netflix says its position on deal with Warner Bros Discovery unchanged Read More »
Dec 15 (Reuters) – Citigroup has set a year-end target of 7,700 for the S&P 500 index for 2026, pointing to robust corporate earnings and sustained tailwinds from artificial intelligence investments. The brokerage said in a note on Friday that it expects AI infrastructure build-out to be a key theme in 2026, echoing Wall Street …
Citi sets 2026 S&P 500 target at 7,700, expects AI to remain key theme Read More »
Dec 15 (Reuters) – The U.S. National Highway Traffic Safety Administration on Monday opened a probe into the recall of 331,401 Jeep vehicles due to improperly installed rear coil springs. A rear coil spring helps the vehicle support its weight and absorb road shocks. If installed incorrectly, it may detach while the vehicle is moving …
NHTSA probes Jeep recall over faulty rear coil spring repairs Read More »
(This December 13 story has been republished with no changes to the text.) By Jan Wolfe WASHINGTON, Dec 13 (Reuters) – The U.S. Supreme Court’s conservative justices appear ready to endorse President Donald Trump’s power to fire a regulatory agency official despite job protections given by Congress. But they have signaled reluctance to give him …
With Fed independence in crosshairs, will Supreme Court back Trump again? Read More »
Dec 15 (Reuters) – The Trump administration is ramping up efforts to secure U.S. supply chains for critical minerals and semiconductors by converting federal grants for companies into equity stakes, aimed at reducing reliance on China. The administration has taken or discussed stakes in several companies as part of the shift to direct ownership from …
Factbox-Trump administration pivots to buying stakes in critical sectors Read More »
JERUSALEM, Dec 15 (Reuters) – Appetite for Israeli technology innovation has remained undiminished this year, with a surge in acquisitions and IPOs led by Alphabet’s $32 billion purchase of Israeli cybersecurity company Wiz, PwC Israel said on Monday. The consultancy said in a report that such deals jumped by 340% to nearly $59 billion, from …
Israeli tech sector annual deals and listings jump to $59 billion, PwC says Read More »
By Mike Dolan Dec 15 – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets U.S. stock and bond markets caught a break on Monday after another unnerving AI-related shakeout late last week, with attention switching to Tuesday’s big payrolls report and China’s latest sweep of disappointing economic readouts. …
Morning Bid: Stocks catch a break after bruising AI selloff Read More »
SINGAPORE, Dec 15 (Reuters) – DBS Bank was appointed as the second renminbi (RMB) clearing bank in Singapore, one of 27 agreements signed during an annual bilateral meeting held in southwest China’s Chongqing on Monday. The Singapore branch of the Industrial and Commercial Bank of China (ICBC) was appointed as the first clearing bank for …
DBS appointed as Singapore’s second renminbi clearing bank Read More »
By Polina Devitt LONDON, Dec 15 (Reuters) – Copper prices rose on Monday as some traders rolled forward positions ahead of a contract expiry this week, helping the market to set aside weak data and worries about the property sector in top consumer China for now. Benchmark three-month copper on the London Metal Exchange rose …
Copper prices rise on short covering, ignoring weak China data for now Read More »
(Corrects the year when the smelter will start operations in third paragraph) SEOUL, Dec 15 (Reuters) – Korea Zinc said on Monday that it plans to build a smelter to produce key metals and minerals in the United States in a project that would cost $7.4 billion. Korea Zinc said the U.S. government asked the …
