Reuters US Business

By Marie Mannes, Alessandro Parodi and Gilles Guillaume STOCKHOLM (Reuters) -Silicon Valley startup Lyten will need to convince carmakers it can succeed where bankrupt Swedish EV battery maker Northvolt failed – creating a European champion to reduce the region’s reliance on China. Lyten, which develops lithium-sulfur batteries, unexpectedly announced on August 7 it was buying …

Battery startup Lyten yet to convince carmakers over Northvolt revival Read More »

By Lewis Krauskopf NEW YORK (Reuters) -A wobble in U.S. technology shares has raised the stakes for Nvidia Corp’s quarterly results on Wednesday, with earnings from the semiconductor giant posing a crucial test for the scorching AI trade. The heavyweight tech sector slumped 1.6% on the week after a huge run for the group, dragging …

Investors zero in on Nvidia results as US tech stocks waver Read More »

By Nichola Groom (Reuters) -The Trump administration on Friday ordered Denmark’s Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company’s financial troubles. With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company …

US orders Orsted to halt offshore wind project, deepening industry woes Read More »

By Aditya Soni, David Shepardson, Andrea Shalal and Max A. Cherney WASHINGTON (Reuters) -President Donald Trump said on Friday the U.S. would take a 10% stake in Intel under a deal with the struggling chipmaker that converts government grants into an equity share, the latest extraordinary intervention by the White House in corporate America. The …

US to take 10% equity stake in Intel, in Trump’s latest corporate move Read More »

By Arasu Kannagi Basil (Reuters) -Pattern Group recorded a 35% jump in revenue in the first half of 2025, the e-commerce firm revealed on Friday in its U.S. initial public offering paperwork. With the IPO calendar set for a seasonal slowdown through the end of August, corporate issuers are lining up for a potential roadshow …

E-commerce firm Pattern reveals 35% revenue surge in US IPO filing Read More »

By Arasu Kannagi Basil (Reuters) -Midstream water management company WaterBridge Infrastructure filed for a U.S. initial public offering on Friday, underscoring growing momentum in the new listings market. A slew of corporate issuers have joined the IPO pipeline in recent days, setting them up for a potential September launch. Firming bets of potential near-term rate …

Five Point-backed WaterBridge files for US IPO as listings market heats up Read More »

By Shashwat Chauhan, Sanchayaita Roy and Carolina Mandl (Reuters) -Wall Street’s main indexes ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled into stocks after U.S. Federal Reserve Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech. His comments paved the way …

Dow notches record high as Wall Street cheers Powell’s speech Read More »

(Reuters) -Spirit Airlines has engaged advisers to explore strategic options after its financial restructuring fell short of securing a sustainable future, the Wall Street Journal reported on Friday, citing sources. The airline has enlisted financial adviser PJT Partners and is also working with consulting firms FTI and Seabury Airline Strategy Group, according to the report. …

Spirit Airlines hires advisers to weigh options after revamp efforts falter, WSJ reports Read More »

(Reuters) -Paramount is looking to cut between 2,000 to 3,000 jobs by early November, after the completion of its merger with production studio Skydance, Variety reported on Friday. Paramount Global and Skydance Media completed their $8.4 billion merger — announced more than a year ago — earlier this month and the combined company was renamed …

Paramount preparing to cut as many as 3,000 jobs by early November, Variety reports Read More »