Reuters US Business

By Sameer Manekar and Shivangi Lahiri Dec 18 (Reuters) – An inquiry into Optus’s emergency services telephone number outage in Australia, which resulted in two deaths, revealed a series of failures during a firewall upgrade that left hundreds of people unable to contact police, fire and ambulance services. Australia’s second-largest telecommunications provider, owned by Singaporean …

Inquiry into deadly Optus emergency call outage found failures in firewall upgrade Read More »

By Jasper Ward WASHINGTON, Dec 17 (Reuters) – U.S. President Donald Trump said on Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes in lower interest rates “by a lot.” “I’ll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates, by a lot, …

Trump says next Fed chair will believe in lower interest rates ‘by a lot’ Read More »

By Jody Godoy Dec 17 (Reuters) – The U.S. Federal Trade Commission is probing Instacart, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool. Instacart shares were down about 10% in after-hours trading. The agency has sent the company a civil investigative demand, the …

FTC probes Instacart’s AI pricing tool, source says; shares drop Read More »

Dec 17 (Reuters) – OpenAI has held preliminary talks with some investors about raising funds at a valuation of around $750 billion, the Information reported on Wednesday. The ChatGPT maker could raise as much as $100 billion, the report said, citing people with knowledge of the discussions. Reuters could not immediately verify the report and …

OpenAI discussed raising tens of billions at about $750 billion valuation, the Information reports Read More »

By Shivangi Lahiri Dec 18 (Reuters) – ANZ Group said on Thursday its new CEO will forgo his short-term bonus this year after a significant minority of shareholders opposed the Australian lender’s executive pay report at its 2025 annual general meeting. Shareholders voted 32.36% against the report, well above the 25% threshold required to block …

ANZ CEO scraps bonus as shareholder backlash triggers second ‘strike’ on pay report Read More »

By Abigail Summerville and Johann M Cherian Dec 17 (Reuters) – Wall Street’s main indexes closed lower on Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging worries about the artificial intelligence trade weighed on technology stocks. Oracle dropped 5.4% after a report said the cloud company’s largest data …

Wall Street closes lower as AI funding jitters drag tech stocks Read More »