Reuters US Business

By Abigail Summerville and Purvi Agarwal (Reuters) -All three of Wall Street’s main indexes registered record closing highs for a second straight day on Friday, with trading volume hitting its highest level since April, as FedEx rose after upbeat earnings. The S&P 500 and the Nasdaq notched their third straight week of gains, boosted by …

Three major indexes notch record closing highs for second day; volume jumps Read More »

By Dan Catchpole (Reuters) -Striking workers at Boeing Defense voted 90% to approve a four-year contract proposal from union leadership that management has already refused to consider, the International Association of Machinists and Aerospace Workers (IAM) announced on Friday. IAM leadership said Boeing can end the 46-day-long strike that has slowed production of military aircraft …

Striking Boeing Defense workers approve union’s proposed contract that company rejected Read More »

By Arasu Kannagi Basil and Ateev Bhandari (Reuters) -Navan reported a 30% revenue surge for the first half of fiscal 2026, the corporate travel management platform disclosed on Friday in its U.S. initial public offering filing, as tech firms take center stage in a long-awaited IPO market recovery. With IPO activity set to slow down …

Navan reveals 30% revenue surge in US IPO filing as tech listings fire up Read More »

By Echo Wang (Reuters) -Oracle is in talks with Meta for a multi-year cloud computing deal worth about $20 billion, underscoring the social media giant’s drive to secure faster access to computing power, a person familiar with the matter told Reuters on Friday. Oracle would provide Meta with computing capacity for training and deploying AI …

Oracle eyes $20 billion AI cloud computing deal with Meta, source says Read More »

By Howard Schneider and Ann Saphir (Reuters) -New U.S. Federal Reserve Governor Stephen Miran on Friday defended himself as an independent policymaker after dissenting in favor of steep rate cuts at Wednesday’s policy meeting. Miran, who promised to give a detailed argument for his views in a speech on Monday, voted on policy just hours …

Fed’s Miran defends call for steep rate cuts, says Trump didn’t direct his vote Read More »

(Reuters) -Elon Musk on Friday said that xAI is not raising capital right now, following a CNBC report earlier in the day on the AI firm raising $10 billion at a post-money valuation of $200 billion. “Fake news. xAI is not raising any capital right now,” Musk said on X. According to the CNBC report, …

Musk says xAI is not raising capital after CNBC report on $10 billion funding Read More »