By Sinéad Carew and Johann M Cherian Dec 11 (Reuters) – The S&P 500 and the Dow boasted record closing highs on Thursday after a Federal Reserve policy update that was less hawkish than expected while the tech-heavy Nasdaq underperformed as Oracle’s financial update made investors wary of artificial intelligence bets. Oracle shares tumbled 10.8% …
Dow, S&P 500 mark record closes; Oracle drags on the Nasdaq Read More »
By Dawn Chmielewski and Deborah Mary Sophia Dec 11 (Reuters) – Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a deal that could reshape how Hollywood makes content. The three-year partnership announced on Thursday is …
Disney to invest $1 billion in OpenAI, license characters for Sora video tool Read More »
By Alexandra Alper WASHINGTON, Dec 11 (Reuters) – Democratic Senator Elizabeth Warren called on Thursday for Nvidia CEO Jensen Huang and Commerce Department Secretary Howard Lutnick to testify after President Donald Trump announced plans to greenlight sales of Nvidia’s second-most advanced AI chip to China. In a speech on the Senate floor, she also raised …
Senator calls for Nvidia CEO to testify on Trump approval for China chip sales Read More »
Dec 10 (Reuters) – Lumexa Imaging, one of the largest U.S. diagnostic imaging services providers, said on Wednesday it has raised $462.5 million in its initial public offering. Backed by private equity firm Welsh, Carson, Anderson & Stowe (WCAS), Lumexa Imaging sold 25 million shares at $18.50 apiece, compared with the marketed range of $17 …
Welsh Carson-backed Lumexa Imaging raises $463 million in US IPO Read More »
(Removes stock symbol from headline) By Noel Randewich Dec 11 (Reuters) – The S&P 500 notched its first record high close in over a month on Thursday as investors shifted to sectors including financials and materials amid worries about the valuations of high-flying AI stocks. The S&P 500 ended the session up 0.21% at 6,901.00 points, …
S&P 500 notches first record high close since October Read More »
By Doyinsola Oladipo and Allison Lampert NEW YORK, Dec 11 (Reuters) – Southwest Airlines expects Boeing’s 737 MAX 7 to be certified by around August 2026, with the U.S. carrier to start flying the small single-aisle jet during the first quarter of 2027, CEO Bob Jordan told Reuters on Thursday. “Boeing has said kind of …
Southwest CEO expects Boeing MAX 7 to be certified around August 2026 Read More »
Dec 11 (Reuters) – The Federal Reserve on Thursday said 11 of its regional bank presidents had been reappointed to their positions with the unanimous agreement of the U.S. central bank’s Board of Governors, wrapping up an ordinarily routine process that had come under heightened scrutiny amid pressure from President Donald Trump and his administration. …
Fed reappoints 11 regional bank presidents in unanimous vote Read More »
Dec 11 (Reuters) – OpenAI on Thursday launched its GPT-5.2 artificial intelligence model, after CEO Sam Altman reportedly issued an internal “code red” in early December pausing non‑core projects and redirecting teams to accelerate development in response to Google’s Gemini 3. GPT-5.2 comes with improvements in general intelligence, coding and long-context understanding, the company said in …
OpenAI launches GPT-5.2 after ‘code red’ push to counter Google’s Gemini 3 Read More »
By Abhirup Roy SAN FRANCISCO, Dec 11 (Reuters) – Tesla’s U.S. sales dropped to a near four-year low in November, despite the automaker’s rollout of new, cheaper versions of its best-selling electric vehicles, estimates from Cox Automotive given exclusively to Reuters showed on Thursday. Making a success of the more affordable variants, called Standard, is …
By Pete Schroeder WASHINGTON, Dec 11 (Reuters) – The Trump administration is overhauling a government watchdog charged with monitoring risks to the financial system to focus more on ways to boost economic growth and the “undue burdens” imposed by strict financial rules, Treasury Secretary Scott Bessent announced on Thursday. Bessent said the Financial Stability Oversight …
US to overhaul financial stability watchdog to focus on economic growth, Bessent says Read More »
