Reuters US Business

Dec 3 (Reuters) – Two stories both headlined “Chinese autonomous driving firm Momenta files for Hong Kong IPO, sources say”, carried on Dec 2 and updated on Dec 3 are wrong and have been withdrawn. There will be no replacement story at this time. STORY_NUMBER: L1N3X900Y STORY_DATE: 03/12/2025 STORY_TIME: 0129 GMT STORY_NUMBER: L4N3X80DKSTORY DATE: 02/12/2025STORY …

Stories on Momenta filing for Hong Kong IPO withdrawn Read More »

(Changes order of companies in paragraph 10) By Milana Vinn and Dawn Chmielewski NEW YORK, Dec 2 (Reuters) – Netflix’s proposed acquisition of Warner Bros Discovery’s studios and streaming unit is expected to reduce streaming costs for consumers by bundling Netflix and HBO Max, according to two people familiar with the proposal. In recent talks …

Netflix, Warner Bros Discovery combo seen lowering costs for consumers, sources say   Read More »

Dec 2 (Reuters) – Anthropic, the artificial intelligence startup backed by Alphabet’s Google and Amazon.com, has hired the law firm Wilson Sonsini to prepare for an initial public offering that could take place as early as 2026, the Financial Times reported on Tuesday. An IPO would give the company, which operates the AI chatbot Claude, …

Anthropic plans an IPO as early as 2026, FT reports Read More »

By Nicholas P. Brown NEW YORK, Dec 2 (Reuters) – The U.S. holiday shopping season kicked off to record online sales. But underlying signs of economic fragility signal a pullback in spending could be looming.  Consumer confidence fell again in November. Still, Americans spent a record $44.2 billion online during the period retailers call Cyber …

Analysis-Strong start to online holiday shopping masks signs of a fragile U.S. consumer Read More »

By David Shepardson WASHINGTON, Dec 2 – The U.S. Postal Service is currently using more than 2,600 electric vehicles for mail deliveries, the agency said in a letter to Congress reviewed by Reuters on Tuesday. In 2023, Congress gave USPS $3 billion under then President Joe Biden to buy electric vehicles and charging infrastructure – …

US Postal Service using 2,600 EVs for mail deliveries Read More »

By Jonathan Stempel NEW YORK, Dec 2 (Reuters) – Instacart sued New York City on Tuesday, seeking to block enforcement of five laws affecting the grocery delivery company, including higher minimum pay for app-based workers and greater disclosures to customers about tipping. According to a complaint filed in Manhattan federal court, Congress forbade state and local …

Instacart sues New York City over worker pay, tipping laws Read More »

By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) – U.S. stocks closed higher to record their sixth gain in seven sessions in muted trading on Tuesday, buoyed by gains in technology shares as expectations the Federal Reserve will cut interest rates next week remain elevated.  Equities declined on Monday amid soft data on the manufacturing …

Equities rise on Fed rate cut optimism, Boeing jumps Read More »

By Juby Babu, Max A. Cherney and Stephen Nellis SAN FRANCISCO, Dec 2 (Reuters) – Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year. Marvell’s shares were up about 13% in extended trading.  The generative …

Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year Read More »

By Nicole Jao NEW YORK, Dec 2 (Reuters) – Oil prices declined 1% on Tuesday as markets weighed faltering Russia-Ukraine peace hopes against fears of oversupply. Brent crude futures settled 72 cents lower, or 1.14%, at $62.45 a barrel, while U.S. West Texas Intermediate crude was down 68 cents, or 1.15%, at $58.64 a barrel. Both …

Oil eases amid uncertainty around Russia-Ukraine peace plan, oversupply worries Read More »