Dec 11 (Reuters) – The New York Federal Reserve’s operations desk plans to conduct about $14.4 billion in reinvestment purchases and an additional approximately $40 billion in reserve management purchases between December 12 and January 14, it said in a schedule released on Thursday. (Reporting by Kanjyik Ghosh in Barcelona;)
By Ross Kerber, Echo Wang and Joey Roulette BOSTON/NEW YORK, Dec 11 (Reuters) – Investors welcomed reports that SpaceX was mulling a potential IPO that would help fund Elon Musk’s Mars ambitions and value the rocket and satellite company at more than $1 trillion, as some have been waiting for years to buy into the …
Investors say Elon Musk’s SpaceX trading debut will be ‘craziest IPO’ ever Read More »
By Andrea Shalal and Ryan Patrick Jones WASHINGTON, Dec 11 (Reuters) – President Donald Trump was happy to see the Federal Reserve cut interest rates by 25 basis points this week, but wants to see further reductions in borrowing costs, White House spokeswoman Karoline Leavitt told reporters on Thursday. “I know there was a quarter-point …
Trump thinks more should be done to lower interest rates, White House says Read More »
By Savyata Mishra and Jessica DiNapoli Dec 11 (Reuters) – Coca-Cola’s decision to make Henrique Braun its next CEO is a bet on the company veteran’s experience in Latin America and China to grow the brand in new markets, appeal to cash-strapped consumers and develop healthier options as tastes change. The 57-year-old American, who was …
By Abhirup Roy and Akash Sriram PALO ALTO, Dec 11 (Reuters) – Rivian Automotive on Thursday unveiled its first custom computer chip for self-driving, shifting away from Nvidia’s processors, and a new paid driver-assistance package called Autonomy+ with prices far below those of rival Tesla. Shares of the pickup truck and SUV maker were down …
Rivian debuts custom self-driving chip, $2,500 driver-assistance package Read More »
By Manya Saini Dec 11 (Reuters) – Lumexa Imaging’s shares rose marginally in their Nasdaq debut on Thursday, valuing the provider of diagnostic imaging services at $1.76 billion, as investor enthusiasm for new listings defied the traditional year-end market lull. The IPO market, poised for its strongest year since 2021 after a three-year dry spell, …
Lumexa Imaging valued at $1.76 billion as shares edge up in Nasdaq debut Read More »
Dec 11 (Reuters) – Epic Games’ popular battle royale title Fortnite is back on the Google Play Store in the United States after Google complied with a U.S. District Court injunction, the company said on Thursday. Epic added that it is working with Google to seek court approval of a settlement reached between the two …
Fortnite returns to Google Play in US after court order Read More »
By Pritam Biswas and Anirban Sen Dec 11 (Reuters) – J.P. Morgan arranged a short-term bond for Galaxy Digital Holdings on the Solana blockchain, the bank said on Thursday, marking a significant step in the broader institutional adoption of digital assets. Cryptocurrency exchange Coinbase Global and investment management firm Franklin Templeton purchased the commercial paper, …
J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost Read More »
Dec 11 (Reuters) – Alphabet unit Waymo recalled 3,067 of its vehicles in the United States over a software issue which was fixed through an update, the National Highway Traffic Safety Administration (NHTSA) said on Thursday. The company had recalled certain vehicles with the 5th generation automated driving systems (ADS) operating with software that caused …
Waymo recalls, updates software for over 3000 vehicles, U.S. regulator says Read More »
By Jonathan Stempel Dec 11 (Reuters) – Warren Buffett has embodied Berkshire Hathaway for six decades, building a mighty conglomerate with a bevy of shareholder fans and making himself arguably the world’s most revered investor. As he prepares to pass the torch to Vice Chairman Greg Abel, the CEO-designate for 4-1/2 years, investors face the …
Buffett set to hand Berkshire baton to Abel, who has a tough act to follow Read More »
