Reuters US Business

Clean energy glut draws cryptocurrency miners to Brazil 

1 Oct 2025

(Corrects 14th paragraph to say Auren Energia is controlled by two different companies, not a joint venture.) By Leticia Fucuchima SAO PAULO (Reuters) -Crypto mining companies are actively negotiating contracts with Brazilian electricity providers, such as Renova Energia, that would benefit from the South American country’s surplus renewable power without burdening the grid during peak …

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Tesla hikes lease prices as US electric vehicle tax credit expires

1 Oct 2025

(Reuters) -Tesla has raised lease prices for all its vehicles in the U.S. after a $7,500 federal tax credit that helped boost electric vehicle sales expired, according to the company’s website on Wednesday. The change follows the end of tax incentives under sweeping legislation passed by Congress, which eliminated the $7,500 credit for new EV …

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Diamondback CEO sees US crude output growth stalling with $60/bbl oil

1 Oct 2025

By Arathy Somasekhar HOUSTON (Reuters) -U.S. oil production growth will stall if prices stay near $60 per barrel, as fewer drilling sites are profitable at that level, the CEO of Diamondback Energy, one of the country’s top oil producers, said on Wednesday. “There’s only so much Tier 1 rock,” Kaes Van’t Hof said while speaking …

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GM third-quarter US auto sales up about 8%

1 Oct 2025

(Reuters) -General Motors reported a 7.7% rise in its U.S. auto sales during the third-quarter on Wednesday, aided by strong demand for electric vehicles and SUVs. GM’s overall quarterly sales rose to 710,347 units, compared with 659,601 units a year ago. (Reporting by Nathan Gomes in Bengaluru; Editing by Leroy Leo)

OpenAI launches new AI video app spun from copyrighted content

1 Oct 2025

By Deepa Seetharaman and Dawn Chmielewski (Reuters) -OpenAI is releasing an AI video-generating app called Sora that lets people create and share AI videos that can be spun from copyrighted content and shared to social media-like streams.   Copyright owners, such as television and movie studios, must opt out of having their work appear in the …

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Dollar faces prolonged weakness amid Fed rate cuts: Reuters poll

1 Oct 2025

By Hari Kishan BENGALURU, October 1 (Reuters) -The U.S. dollar, under pressure since the start of the year, may struggle to find its footing against most major currencies over the coming 12 months, according to a Reuters poll of FX strategists who said the already crowded short U.S. dollar trade will remain. Against the backdrop …

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Satellite startup Spacecoin sends data through space in bid to rival Starlink

1 Oct 2025

By Gianluca Lo Nostro (Reuters) -U.S. startup Spacecoin said on Wednesday it had successfully sent secured information through space in what it said was a first for the industry as the firm tries to show it can offer an alternative to Starlink’s satellite internet service. WHY IT’S IMPORTANT Spacecoin aims to target customers in places …

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US manufacturing eyes recovery in September, orders contract

1 Oct 2025

WASHINGTON (Reuters) -U.S. manufacturing edged toward recovery in September, though new orders and employment were subdued as factories continued to grapple with the fallout from tariffs on imports.  The Institute for Supply Management (ISM) said on Wednesday its manufacturing PMI increased to 49.1 last month from 48.7 in August. It was the seventh straight month that …

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