Reuters US Business

SpaceX insider share sale sets $800 billion valuation, Bloomberg News reports

13 Dec 2025

(Corrects typographical error in headline) Dec 12 (Reuters) – SpaceX has authorized an insider share sale that values Elon Musk’s company at about $800 billion, Bloomberg News reported on Friday. The company is offering shares to insiders at $421 apiece, and also said it is preparing for a possible public offering in 2026, Bloomberg reported …

SpaceX insider share sale sets $800 billion valuation, Bloomberg News reports Read More »

Canada’s WestJet to pause non-adjustable seat rollout, seek passenger feedback

13 Dec 2025

Dec 12 (Reuters) – WestJet Airlines said on Friday it would pause its rollout of non-adjustable economy seats next week, testing the limits of add-on culture as it faces pushback for charging extra for adjustable seats. Canada’s WestJet in October started flying newly configured 737 planes whose standard economy seats come in a fixed reclining …

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JPMorgan’s Dimon signals support for Kevin Warsh as Fed chair, FT reports

13 Dec 2025

Dec 12 (Reuters) – JPMorgan top boss Jamie Dimon signaled support for former Federal Reserve Governor Kevin Warsh as the next chair of the U.S. central bank, the Financial Times reported on Friday. Earlier in the day, President Donald Trump said he was leaning toward either Warsh or National Economic Council Director Kevin Hassett to …

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Azul wins court nod for debt restructuring, American and United to invest

13 Dec 2025

By Gabriel Araujo and Dietrich Knauth NEW YORK/SAO PAULO, Dec 12 (Reuters) – A U.S. bankruptcy judge on Friday approved Azul’s debt restructuring, allowing the Brazilian airline to slash more than $2 billion in debt and raise capital through a new equity rights offering and investment from American Airlines and United Airlines.  Azul had filed …

Azul wins court nod for debt restructuring, American and United to invest Read More »

Wall Street ends lower; fears of AI bubble and inflation send investors away

13 Dec 2025

By Sinéad Carew and Johann M Cherian Dec 12 (Reuters) – The S&P 500 and the Nasdaq closed down more than 1% on Friday with investors leaving technology for other sectors as Broadcom and Oracle fueled concerns about an AI bubble and rising U.S. Treasury yields added pressure after some policymakers spoke out against easing monetary …

Wall Street ends lower; fears of AI bubble and inflation send investors away Read More »

Trump says he is leaning toward Warsh or Hassett to lead the Fed, WSJ reports

13 Dec 2025

WASHINGTON, Dec 12 (Reuters) – U.S. President Donald Trump said on Friday he has narrowed his search for a new Federal Reserve chair to two people and he should at least be consulted on decisions about interest rates, in what would be an unusual development. Trump said he is leaning toward either former Fed Governor …

Trump says he is leaning toward Warsh or Hassett to lead the Fed, WSJ reports Read More »

Live Nation, Ticketmaster must face sprawling class action over prices

13 Dec 2025

By Mike Scarcella WASHINGTON, Dec 12 (Reuters) – A federal judge in California ruled on Friday that Live Nation and its subsidiary Ticketmaster must face a class action on behalf of millions of Americans for allegedly overcharging them for events at major concert venues across the country. U.S. District Judge George Wu in Los Angeles …

Live Nation, Ticketmaster must face sprawling class action over prices Read More »

Bipartisan group of US lawmakers calls for export controls on synthetic DNA sequences

13 Dec 2025

By Stephen Nellis SAN FRANCISCO, Dec 12 (Reuters) – A bipartisan group of U.S. lawmakers this week introduced bills that would require U.S. firms to obtain a license before exporting sequences of synthetic DNA. DNA research is foundational to the biotech industry, where researchers use powerful computers and, increasingly, artificial intelligence software to come up …

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Fed’s Daly says this week’s rate cut was right move for Fed

12 Dec 2025

Dec 12 (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said on Friday in a LinkedIn posting that she favored cutting interest rates at this week’s monetary policy meeting. “This week’s (Federal Open Market Committee) decision was not an easy choice,” Daly wrote, with the Fed facing conflicts between its job and …

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