Reuters US Business

By Paul Sandle LONDON (Reuters) – Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets. The British company will invest $1.5 billion in customer-focused AI developed with Microsoft’s Azure OpenAI and Copilot technologies, …

Vodafone signs $1.5 billion Microsoft deal for AI, cloud and IoT Read More »

By Eric Onstad LONDON (Reuters) – Solid-state batteries hold the promise of more energy storage, longer driving ranges and faster charging for next-generation electric vehicles. Yet despite decades of research and billions of dollars invested, their future still looks elusive. Here are some of the companies developing these kind of batteries. EV market leader Tesla, …

Factbox-Solid state: EV giants chase ‘holy grail’ of batteries Read More »

By Eric Onstad and Paul Lienert LONDON/DETROIT (Reuters) – Volkswagen, whose drive to develop a “solid-state” electric car battery with U.S. startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing technology. The German auto giant is holding talks with France’s Blue Solutions, which already produces solid-state …

Volkswagen and rivals plug away at solid-state battery puzzle Read More »

By Davide Barbuscia NEW YORK (Reuters) – Cracks are forming in the market’s bullish consensus for bonds, as resurfacing fiscal concerns duel with expectations that cooling inflation will push the Federal Reserve to cut interest rates in coming months. Bullish investors believe the explosive rally bonds experienced in late 2023 is likely to continue into …

Analysis-Coming flood of US Treasury issuance unsettles some investors after blazing rally Read More »

A look at the day ahead in European and global markets from Tom Westbrook In icy Iowa, Donald Trump appeared set to win Republicans’ endorsement in the first-in-the-nation presidential nomination contest by an unprecedented margin. His win had been predicted by opinion polls but was nevertheless a strong start to his election bid and suggests …

Marketmind: Iowa goes for Trump, Davos rebuffs on rate cuts Read More »

By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Bitcoin’s price could breach $170,000 next year, driven by demand for newly listed exchange traded-funds and April’s halving event, hedge fund SkyBridge’s Anthony Scaramucci said in an interview on Monday. “If bitcoin’s at $45,000 on the halving, where it roughly is right now, it’ll …

SkyBridge’s Scaramucci sees bitcoin over $170,000 by 2025 on halving, spot ETFs Read More »

(Reuters) – Grocers Kroger and Albertsons said on Monday that they plan close the proposed $24.6 billion merger in the first half of Kroger’s fiscal 2024 instead of early 2024. The merger, first announced in October 2022, has drawn the ire of U.S. lawmakers and an investigation by the Federal Trade Commission due to antitrust …

Kroger, Albertsons need more time to close on $25 billion proposed merger Read More »

By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Initial public offering activity should recover in 2024 as borrowing costs come down and equity markets are less volatile, the vice-chair of the New York Stock Exchange said in an interview on Monday. “We have a robust pipeline from across sectors and geographies,” John …

NYSE vice-chair sees ‘robust’ pipeline of potential IPOs in 2024 Read More »

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Swiss engineering group ABB sees limited impact from disruptions in the Red Sea on its supply chains, Chairman Peter Voser said in an interview on Monday ahead of the World Economic Forum’s (WEF) annual meeting in Davos. “I think for ABB, it has less of …

ABB chairman sees limited impact from Red Sea disruptions Read More »

By Jonathan Stempel NEW YORK (Reuters) – The U.S. Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion cryptocurrency fraud, so that Kwon can be extradited and attend. In a Monday filing in Manhattan federal court, the SEC said a “modest” …

US SEC willing to delay Terraform Labs trial for Do Kwon’s extradition Read More »