Reuters US Business

By Vallari Srivastava and Laila Kearney Dec 8 (Reuters) – U.S. utility company NextEra Energy has expanded its partnership with Alphabet’s Google Cloud to build new energy supplies for the company’s operations across the U.S., the groups said on Monday. NextEra and Google currently have 3.5 gigawatts of electricity generation –  enough to power about …

NextEra, Google accelerate US data center build-out with new deals Read More »

By Pritam Biswas and Saeed Azhar Dec 8 (Reuters) – Berkshire Hathaway shook up its management on Monday, weeks before Warren Buffett hands control to Greg Abel, with its key investment manager, Todd Combs, departing for JPMorgan Chase to support the bank’s $1.5 trillion project to finance and invest in strategically-placed U.S. companies. The changes …

Berkshire shakes up team ahead of Buffett handover, boosting JPMorgan investment project Read More »

By Arsheeya Bajwa and Milana Vinn Dec 8 (Reuters) – IBM said on Monday it will buy data infrastructure company Confluent in a deal valued at $11 billion, ramping up its cloud-computing offerings to capitalize on an AI-driven demand boom.  Big Blue, under CEO Arvind Krishna, has doubled down on M&A to beef up its …

IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms Read More »

By Medha Singh Dec 8 (Reuters) – Carvana, the pioneering online used-car dealer known for its iconic car vending machines, is set to make a splashy debut on the S&P 500 index, capping a dramatic three-year turnaround that has seen its market value top legacy carmakers GM and Ford. Shares of Carvana jumped 12.5% on …

From bankruptcy fears to S&P 500: Carvana outvalues Detroit giants Read More »

(This December 3 story has been refiled to change an image) By Milana Vinn NEW YORK, Dec 3 (Reuters) – Citadel, the hedge fund founded by billionaire Ken Griffin, has launched a new artificial intelligence-powered tool that aims to help investors conduct research on stocks faster and more efficiently, the firm’s chief technology officer said …

Citadel debuts new AI tool for equities investors, CTO Subramanian says Read More »

Dec 8 (Reuters) – Netflix’s $72 billion Warner Bros deal led to several price target cuts by Wall Street analysts as U.S. President Donald Trump warned of market-share concerns, underscoring the tough scrutiny that the acquisition is likely to face. The deal that combines the world’s largest streaming service with HBO Max and a major …

Trump comments raise doubts over Netflix’s $72 billion deal with Warner Bros Read More »

Dec 8 (Reuters) – U.S. households grew more downbeat on their current and future financial situations in November, even as their expectations for the future trajectory of inflation held steady, a New York Federal Reserve report released on Monday showed. The regional Fed bank said in its Survey of Consumer Expectations for November that respondents’ …

US households’ personal finance worries grew in November, New York Fed says Read More »