Reuters US Business

By Aditya Soni Dec 9 (Reuters) – Months after Oracle’s $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday. A smaller player in the cloud market for a long time, Oracle this year …

Oracle’s OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries Read More »

MELBOURNE, Dec 10 (Reuters) – Mining tycoon Gina Rinehart said on Wednesday the burden of excessive regulation on the Australian mining industry had put its global competitiveness at risk. Rinehart is executive chairman of Hancock Prospecting, Australia’s fourth-largest iron ore miner, whose revenues have fuelled her rise to the top of the nation’s rich list …

Australia’s mining competitiveness at risk from excessive regulation, says Rinehart Read More »

By Andrea Shalal WASHINGTON, Dec 9 (Reuters) – A U.S. trade agreement reached with Indonesia in July is at risk of collapsing because Jakarta has backtracked on several commitments it made as part of the deal, a U.S. official said on Tuesday. “They’re reneging on what we agreed to in July,” said the official, who …

US trade deal with Indonesia at risk of collapse, US official says Read More »

Dec 9 (Reuters) – JPMorgan Chase expects expenses to climb to about $105 billion in 2026, driven largely by growth and volume related costs, consumer and community banking chief Marianne Lake said on Tuesday. Speaking at the Goldman Sachs Financial Services Conference in New York, Lake said strategic investments would be the second-biggest contributor to …

JPMorgan expects higher than expected 2026 expenses Read More »

By Sinéad Carew and Johann M Cherian Dec 9 (Reuters) – The S&P 500 ended Tuesday’s session slightly lower as investors anticipated that the Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest U.S. bank warned …

S&P 500 ends slightly down as investors await Fed rate decision Read More »

SEOUL, Dec 10 (Reuters) – South Korea’s Samsung SDI said on Wednesday that its unit Samsung SDI America has signed a deal to supply lithium iron phosphate (LFP) batteries to a U.S. energy infrastructure development and operations company. The contract is valued at more than 2 trillion won ($1.36 billion), Samsung SDI said in a …

Samsung SDI unit signs $1.4 billion LFP battery deal for US customer Read More »

By David Shepardson WASHINGTON, Dec 9 (Reuters) – The U.S. Transportation Department said Tuesday it will waive $16.7 million in fines issued to American Airlines under then President Joe Biden in 2024 as part of a settlement over the air carrier’s treatment of disabled passengers, including failing to provide some with adequate assistance and mishandling …

Trump administration waives $16.7 million in fines for American Airlines over wheelchair issues Read More »