Reuters US Business

By Ateev Bhandari, Arasu Kannagi Basil and Joey Roulette (Reuters) -Firefly Aerospace secured a valuation of $9.84 billion after its shares surged 55.6% in their Nasdaq debut on Thursday, as investors continue to pour capital into companies aiding expansion of the U.S. space and defense program. The stock opened at $70 apiece compared with the …

Firefly Aerospace hits $9.8 billion valuation in Nasdaq debut as shares takeoff Read More »

(Reuters) -Ticketmaster-parent Live Nation Entertainment beat Wall Street estimates for second-quarter revenue on Thursday, driven by strong demand for concerts. The results signal continued resilience and growth in the live entertainment industry amid economic uncertainty. Fans are still willing to spend on live experiences such as concerts and events, helping Live Nation Entertainment — a …

Live Nation beats revenue estimates on red-hot concert demand Read More »

By Andrea Shalal, David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -President Donald Trump said the United States will impose a tariff of about 100% on imports of semiconductors but offered up a big exemption – it will not apply to companies that are manufacturing in the U.S. or have committed to do so. The move …

Trump says US to levy 100% tariff on imported chips, but some firms exempt Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -As U.S. President Donald Trump narrows his shortlist for the next Federal Reserve chair, investors and strategists are closely analyzing the range of possible market reactions to each potential nominee poised to replace Jerome Powell when his term is over. Reactions may include a positive move if current …

Analysis-Investors game out market reaction to Fed chair replacement favorites Read More »

By Anna Tong SAN FRANCISCO (Reuters) -OpenAI launched on Thursday its GPT-5 artificial intelligence model, the highly anticipated latest installment of a technology that has helped transform global business and culture. OpenAI’s GPT models are the AI technology that powers the popular ChatGPT chatbot, and GPT-5 will be available to all 700 million ChatGPT users, …

OpenAI launches GPT-5 as the AI industry seeks a return on investment Read More »

By Jonathan Stempel NEW YORK (Reuters) -Paxos Trust reached a $48.5 million settlement to resolve New York charges the virtual currency company failed to police illegal activity related to cryptocurrency exchange Binance, the state’s financial services regulator said on Thursday. Adrienne Harris, New York’s financial services superintendent, said Paxos will pay a $26.5 million civil …

Paxos Trust in $48.5 million New York settlement over Binance-related lapses Read More »