Reuters US Business

JPMorgan supercharges its bet on national security by hiring Combs from Berkshire

10 Dec 2025

By Saeed Azhar NEW YORK, Dec 10 (Reuters) – JPMorgan Chase’s most senior external hire yet, Todd Combs from Berkshire Hathaway, is set to turbocharge its $1.5 trillion push into national security.   Combs, a long-serving deputy to legendary investor Warren Buffett, joined the nation’s largest bank this week to lead a team that will invest …

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Australia begins enforcing world-first teen social media ban

10 Dec 2025

By Byron Kaye and Renju Jose SYDNEY, Dec 10 (Reuters) – Australia on Wednesday became the first country to ban social media for children under 16, blocking access in a move welcomed by many parents and child advocates but criticised by major technology companies and free-speech advocates. Starting at midnight (1300 GMT on Tuesday), 10 …

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Lazard CEO says a Washington strategy now essential to get deals done

10 Dec 2025

By Manya Saini and Tatiana Bautzer NEW YORK, Dec 10 (Reuters) – Lazard CEO Peter Orszag said on Wednesday dealmakers now need to have a Washington “White House or Cabinet-level strategy” to be able to complete transactions. Speaking at a Goldman Sachs conference in New York, Orszag said: “The regulatory environment in the United States …

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Bezos’ Blue Origin working on orbital data center technology, WSJ reports

10 Dec 2025

Dec 10 (Reuters) – Jeff Bezos’ aerospace firm Blue Origin has been working for over a year on the necessary technology for artificial intelligence data centers in space, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter. Meanwhile, Musk’s SpaceX plans to use an upgraded version of its Starlink satellites …

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US senator says FAA administrator failed to divest airline shares

10 Dec 2025

By David Shepardson WASHINGTON, Dec 10 (Reuters) – The top Democrat on the Senate Commerce Committee said on Wednesday that the head of the Federal Aviation Administration failed to divest his holdings in Republic Airways in violation of his ethics agreement. U.S. Senator Maria Cantwell of Washington said FAA Administrator Bryan Bedford, who previously served …

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Dropbox CFO Timothy Regan to step down

10 Dec 2025

Dec 10 (Reuters) – File hosting service provider Dropbox said on Wednesday its chief financial officer Timothy Regan will step down after five years in the role and will be succeeded by Ross Tennenbaum, a senior executive at tax software company Avalara. The company’s shares fell more than 5% in morning trading. Tennenbaum will join …

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Elon Musk’s SpaceX to raise over $25 billion in blockbuster 2026 IPO, source says

10 Dec 2025

By Echo Wang, Manya Saini and Juby Babu Dec 10 (Reuters) – Elon Musk’s SpaceX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker’s valuation to over $1 trillion, a person familiar with the matter told Reuters on Tuesday. The company’s move …

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Huawei weighs French factory’s future in tough European market, say sources

10 Dec 2025

By Elizabeth Pineau and Mathieu Rosemain PARIS, Dec 10 (Reuters) – Huawei is considering the future of a recently completed plant in eastern France, three people familiar with the matter said, amid the slow roll-out of 5G in Europe and a hardening stance by some governments on using Chinese equipment. Completed in September, the facility …

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Amazon to invest over $35 billion in India on AI, exports

10 Dec 2025

Dec 10 (Reuters) – Amazon plans to invest more than $35 billion in India by 2030 to expand its operations by boosting artificial intelligence capabilities and increasing exports, the U.S. e-commerce giant said on Wednesday, as global tech firms deepen their presence in Asia’s third-largest economy. Major U.S. tech firms have poured billions of dollars …

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Canada’s Air Transat, pilots’ union reach tentative deal to avert strike

10 Dec 2025

MONTREAL, Dec 9 (Reuters) – Canadian leisure carrier Air Transat and its pilots’ union said on Tuesday they had reached a tentative deal that promised higher pay and better working conditions, averting a potential strike and allowing operations to return to normal. More than 750 pilots at the Montreal-based airline are set to vote on …

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