Reuters US Business

(This Feb. 11 story has been corrected to delete reference to consumer vehicles in second paragraph) By David Randall NEW YORK (Reuters) – Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 …

Billionaire Soros buys stake in EV startup Rivian Read More »

By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Semiconductor designer Advanced Micro Devices Inc (AMD) said on Monday it has finalized the purchase of Xilinx Inc in a record chip industry deal valued at about $50 billion, giving it an extra edge in the key data center market. The closing of the deal comes on …

AMD closes record chip industry deal with estimated $50 billion purchase of Xilinx Read More »

By Toby Sterling AMSTERDAM (Reuters) -The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) again on Monday, its fourth such fine for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps on the App Store. The Authority for Consumers and Markets (ACM) has been levying …

Apple given fourth Dutch fine in App Store dispute Read More »

LONDON (Reuters) – Airlines will need to negotiate Ukraine aviation cover with their insurers, with some of the required war risk policies now being agreed on a daily basis, a senior Lloyd’s market official said on Monday. Two Ukrainian airlines disclosed problems in securing insurance for some of their flights on Monday, while foreign carriers …

Airlines need to negotiate Ukraine insurance cover for flights – Lloyd’s official Read More »

By Jonnelle Marte (Reuters) – The unprecedented level of job switching seen last year as the U.S. labor market rebounded from the pandemic gave workers more leverage to ask for better pay and played a role in pushing inflation to its highest level in decades, a new study suggests. An increase in the share of …

Record job-switching rates are pushing U.S. inflation higher, Chicago Fed study finds Read More »

By Chris Prentice WASHINGTON (Reuters) – A subsidiary of crypto company BlockFi Inc has agreed to pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to settle charges in connection with a retail crypto lending product the New Jersey company offered to nearly 600,000 investors, regulators said on Monday. The …

Crypto firm BlockFi to pay record penalty to settle U.S. SEC, state charges Read More »

By Hyunjoo Jin San Francisco (Reuters) -Intel Corp’s Mobileye unit plans to build and deploy self-driving electric shuttle vehicles with its partners in the United States in 2024, in a bid to scale up its automated driving systems beyond taxis and delivery vehicles, executives told Reuters. Mobileye, Benteler EV Systems and Beep will launch the …

Intel’s Mobileye, partners to launch self-driving shuttles in U.S. in 2024 Read More »

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials continued sparring over how aggressively to begin upcoming interest rate increases at their March meeting, with a final inflation reading just ahead of the two-day session taking on potentially outsized importance. St. Louis Federal Reserve President James Bullard on Monday reiterated calls for a faster pace …

Fed, split over opening rate bid, may put weight on February data Read More »