Reuters US Business

By Julia Payne and Timothy Gardner BRUSSELS/WASHINGTON (Reuters) -U.S. Energy Secretary Chris Wright downplayed the risks of climate change as he promoted Washington’s return to a “commonsense energy policy” on Thursday, while the Trump administration worked to boost oil and gas sales to Europe and other allies.  Wright spoke to reporters after meeting the European …

US energy secretary downplays climate risks as Washington seeks EU gas deals Read More »

By Hannah Lang (Reuters) – Crypto company Tether, the creator of the world’s largest stablecoin, plans to launch a U.S.-based stablecoin designed for U.S. residents called USAT, the company’s CEO Paolo Ardoino said on Friday.  Former White House official Bo Hines will be the CEO of the new venture, which aims to launch by the …

Tether unveils USAT stablecoin to boost US market presence Read More »

(Reuters) – Rivian is recalling 24,214 R1S and R1T electric vehicles due to a software defect that may cause its hands-free Highway Assist system to misidentify lead vehicles, the U.S. National Highway Traffic Safety Administration said on Friday. The issue affects certain 2025 Rivian vehicles running an older software version in the United States, the …

Rivian recalls over 24,000 US vehicles over highway assist software defect, NHTSA says Read More »

By Jonathan Stempel (Reuters) -Tesla, the electric vehicle company led by billionaire Elon Musk, was accused in a lawsuit on Friday of favoring visa holders over Americans when making employment decisions so it can pay less. According to a proposed class action filed in San Francisco federal court, Tesla violates federal civil rights law through …

Lawsuit says Musk’s Tesla hires visa holders instead of Americans so it can pay less Read More »

By Pritam Biswas, Ateev Bhandari and Hannah Lang (Reuters) – Gemini Space Station shares jumped 32.2% in their Nasdaq debut on Friday, giving the cryptocurrency exchange a valuation of $4.4 billion and capping a bright week for digital asset companies in a resurgent U.S. IPO market. The company’s shares opened at $37.01, above an already …

Winklevoss twins’ crypto exchange Gemini valued at $4.4 billion in strong Nasdaq debut Read More »

By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration on Friday proposed fining Boeing $3.1 million for a series of safety violations, including actions tied to the January 2024 Alaska Airlines 737 MAX 9 mid-air emergency, and for interfering with safety officials’ independence. The FAA found hundreds of quality system violations at the planemaker’s …

FAA proposes to fine Boeing $3.1 million over widespread safety violations Read More »