Reuters US Business

By Saeed Azhar, Johann M Cherian and Sanchayaita Roy NEW YORK (Reuters) -The blue-chip Dow Jones ended higher after hitting an intraday record high on Friday, as UnitedHealth’s shares jumped after Berkshire Hathaway raised its stake, but other Wall Street indexes slipped as mixed data clouded the Federal Reserve’s next monetary policy move. A meeting …

Dow ends higher after UnitedHealth gains, other indexes slip on rate cut uncertainty Read More »

By Pritam Biswas (Reuters) -Gemini’s revenue fell and losses widened in the first half of 2025, the cryptocurrency exchange said in a U.S. IPO filing, joining a wave of digital-asset firms seeking to tap public markets. Terms of the offering were not disclosed in the filing, made public on Friday. The company reported a net …

Winklevoss twins’ Gemini reveals lower revenue and wider loss in US IPO filing Read More »

WASHINGTON (Reuters) -The Federal Reserve announced on Friday it was scrapping a so-called “novel activities” supervision program it created to specifically police banks on their crypto and fintech activities, and instead will integrate that work into its regular bank oversight. The Fed launched the new program in 2023 as a way to focus on how …

Fed to scrap program devoted to policing banks on crypto, fintech activities Read More »

By Arasu Kannagi Basil (Reuters) -Via Transportation’s revenue rose 27% in the first half of 2025, the transit-tech firm disclosed on Friday in its U.S. initial public offering paperwork, as it advances plans for a long-sought New York listing. The company posted a net loss of $37.5 million on revenue of $205.8 million for the …

Transit-tech firm Via reveals revenue gains in US IPO filing Read More »

(Reuters) -The U.S. Treasury Department on Friday unveiled stricter rules for how solar and wind projects can qualify for federal tax subsidies that President Donald Trump’s new tax and spending law is phasing out over the next two years. The revisions change longstanding definitions for what it means for a project to be considered under …

Trump administration unveils stricter subsidy rules for wind, solar projects Read More »

By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Blackstone-backed engineering and maintenance service provider Legence revealed that losses nearly tripled in the first six months of 2025 in its paperwork for an initial public offering in the U.S. The terms of the proposed public offering were not disclosed in the filing made public on Friday. …

Blackstone-backed Legence reveals revenue rise but wider loss in US IPO filing Read More »