By Laura Matthews NEW YORK, Dec 5 (Reuters) – The Federal Reserve meeting next week is expected to be one of its most contentious in years, and investors are focused on how divided policymakers are over an expected interest-rate cut and what Chair Jerome Powell signals about the path ahead. Five of the 12 voting …
Fed’s internal split puts spotlight on Powell’s rate guidance, dissents Read More »
SIMI VALLEY, California, Dec 6 (Reuters) – U.S. President Donald Trump’s plan to take government equity stakes in strategic industries doesn’t apply to major defense firms, the head of Boeing’s defense unit said on Saturday, in contrast to previous comments by a senior government official. The government wants industry to make investments in facilities, and …
Boeing says Trump’s equity stake plan doesn’t apply to big US defense firms Read More »
Dec 6 (Reuters) – Elon Musk on Saturday dismissed media reports that SpaceX is raising funds at an $800 billion valuation, calling them inaccurate. “SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” Musk said in a post on X. …
Musk denies $800 billion SpaceX valuation reports Read More »
By Vibhuti Sharma MUMBAI, Dec 6 (Reuters) – Global private equity firm Advent International’s talks to acquire U.S. giant Whirlpool’s India unit for up to $1 billion have collapsed due to disagreements over valuation, four people familiar with the matter told Reuters. Advent had emerged as the frontrunner to acquire a 31% stake in Whirlpool …
Exclusive-Advent’s $1 billion deal talks for Whirlpool India stake collapse, sources say Read More »
By Jaspreet Singh Dec 5 (Reuters) – The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission to power its generative AI products. The startup has become a target of multiple legal disputes and faces similar …
New York Times sues Perplexity AI for ‘illegal’ copying of content Read More »
Dec 5 (Reuters) – SpaceX has informed investors and representatives of financial institutions that it plans to pursue an initial public offering in the second half of next year, the Information reported on Friday, citing two people familiar with the discussions. The rocket-maker, founded by Elon Musk, is considering a public listing of the entire …
SpaceX tells investors it is targeting late 2026 IPO, the Information reports Read More »
Dec 5 (Reuters) – The House Committee on Homeland Security has asked Google and Apple to detail what steps they are taking to remove mobile applications that allow users to track federal immigration officers. In letters sent on Friday to Google CEO Sundar Pichai and Apple head Tim Cook, committee leaders singled out ICEBlock, an …
US lawmakers press Google, Apple to remove apps tracking immigration agents Read More »
WASHINGTON, Dec 5 (Reuters) – Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats. Apple and the Alphabet-owned Google are two of several tech companies that regularly issue warnings to users when …
Apple, Google send new round of cyber threat notifications to users around world Read More »
Dec 5 (Reuters) – Boeing’s planned acquisition of Spirit AeroSystems could close as early as Monday, according to a New York Stock Exchange notice that says trading of the aerostructure giant is set to be suspended on December 8. The deal’s closing, however, could take longer to complete as it remains subject to certain conditions being fulfilled. …
Boeing deal with Spirit Aero could close as early as Monday, notice says Read More »
Dec 5 (Reuters) – Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo. The delay from an initially planned release in the second half of 2026 is because the company wants a fully polished device, the report …
Meta delays release of Phoenix mixed-reality glasses to 2027, Business Insider reports Read More »
