By Ana Isabel Martinez, Adriana Barrera and Stefanie Eschenbacher MEXICO CITY, Dec 16 (Reuters) – Mexican state oil company Pemex has awarded five of the 11 new joint venture contracts it had planned to ink before the end of the year, according to four sources familiar with the matter and a document seen by Reuters. …
Dec 17 (Reuters) – Honda is recalling 70,658 vehicles in the United States due to reduced brake function that can extend the distance required to stop, increasing the risk of a crash or injury, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday. (Reporting by Mihika Sharma in Bengaluru; Editing by Janane Venkatraman)
Dec 16 (Reuters) – Amazon.com Inc is in talks to invest in ChatGPT-maker OpenAI in a potential deal that could value the artificial intelligence firm at more than $500 billion, a source familiar with the matter said on Tuesday. Amazon may invest about $10 billion in OpenAI, but the talks between the two firms are …
Amazon in talks to invest about $10 billion in OpenAI, source says Read More »
Dec 16 (Reuters) – Robinhood will allow customers to wager on the individual performances of professional football players as part of a new batch of sports-focused event contracts the online brokerage rolled out on Tuesday. While users can already bet on the final result of a game, the latest contracts let them target more specific …
Robinhood expands sports event contracts as rivals flood industry Read More »
By Prakhar Srivastava and Krystal Hu Dec 16 (Reuters) – Databricks said on Tuesday that it has raised more than $4 billion at a valuation of $134 billion, the latest example of investors betting big on companies benefiting from the broader adoption of artificial intelligence. The Series L funding round for Databricks, which provides a software …
Databricks builds war chest with $134 billion valuation in latest funding round Read More »
Dec 17 (Reuters) – U.S.-based Bally’s and the Mathieson family tightened their grip on Australia’s Star Entertainment on Wednesday, installing Bruce Mathieson Jr as CEO and Bally’s chair Soo Kim as the embattled casino operator’s chairman. Shares of the Australian firm rose more than 14% to a three-month high of A$0.120, as of 0052 GMT. …
Bally’s, Mathieson family cement hold on Australia’s Star with executive shuffle Read More »
By David Shepardson WASHINGTON, Dec 16 (Reuters) – The head of the Federal Aviation Administration said he had not divested his shares in Republic Airways but he would continue to recuse himself from issues that could impact the airline’s finances as he works to sell his holdings, according to a letter made public on Tuesday. …
FAA chief fails to sell Republic shares in violation of ethics agreement, senator says Read More »
By Abigail Summerville and Johann M Cherian Dec 16 (Reuters) – The Nasdaq recovered on Tuesday to close higher while the S&P 500 and the Dow closed lower, impacted by declines in healthcare and energy stocks. Investors evaluated delayed economic data to gauge the Federal Reserve’s monetary policy outlook for next year. A Labor Department …
Wall St ends mixed, healthcare and energy stocks weigh on S&P Read More »
Dec 16 (Reuters) – Alphabet unit Waymo is in talks with potential investors to raise money at a valuation of at least $100 billion, the Information reported on Tuesday, as competition intensifies in the nascent robotaxi market. The size of the financing round could even possibly exceed $10 billion, and is expected to be arranged …
Waymo in talks to raise billions at over $100 billion valuation, the Information reports Read More »
Dec 16 (Reuters) – The White House is preparing an executive order that could limit stock buybacks, dividends and executive compensation for military contractors, Punchbowl News reported on Tuesday. The directive targets some of the biggest companies that supply the Pentagon with war-fighting equipment, Punchbowl said, citing multiple sources. Leading Pentagon contractors include Lockheed, RTX, …
