By Jamie McGeever ORLANDO, Florida (Reuters) – As the classic market cliche goes, investors should worry most when the consensus is overwhelmingly optimistic and be bullish when it’s overwhelmingly bearish. If investors apply this logic to the 2025 U.S. stock market outlook, they should be running for the hills. By many measures – sentiment surveys, […]
AI startup Databricks hits $62 billion valuation in record VC round
By Krystal Hu and Niket Nishant (Reuters) -Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups. The round, led by Joshua Kushner’s Thrive Capital, drew commitments from elite investors including Andreessen Horowitz, DST Global, GIC, […]
Pfizer does not expect major vaccine policy changes under Trump in 2025
By Manas Mishra, Michael Erman (Reuters) -Pfizer on Tuesday said it does not expect the Trump administration to make major changes to vaccine policy next year even as the president-elect has put forward vaccine skeptic Robert F. Kennedy Jr. as his nominee to run the Department of Health and Human Services. Pfizer CEO Albert Bourla […]
Starbucks workers’ union authorizes potential US strike
(Reuters) -The workers’ union representing more than 10,000 Starbucks baristas said they have authorized a potential strike, ahead of this year’s final round of bargaining talks with the coffee giant on Tuesday. Workers United, which has a bargaining delegation that represents workers at 525 Starbucks stores in the United States, said the coffee giant has […]
AI startup Basis raises $34 million for accounting automation ‘agent’
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla Ventures. Other investors included NFDG, the AI-focused fund run by former GitHub CEO Nat Friedman and former Apple executive […]
Fed caution, inflation risks propel US Treasury yield forecasts higher again- Reuters poll
By Sarupya Ganguly BENGALURU – U.S. Treasury yield forecasts from bond strategists have marched higher for a second month amid expectations of limited remaining Federal Reserve rate reductions and rising inflation risks in 2025, a Reuters survey found. Having kicked off its easing cycle with a jumbo half-percentage point cut in September, the central bank […]
US offers California’s PG&E record $15 billion loan to bolster power grid
By Timothy Gardner and Laila Kearney WASHINGTON/NEW YORK (Reuters) – The U.S. Department of Energy said on Tuesday it had offered a conditional loan of up to $15 billion to California-based electric utility PG&E to support climate resilience projects and strengthen the power grid. President Joe Biden’s administration is rushing to push out billions of […]
Air Canada eyes strong revenue growth by 2028, banks on robust leisure travel demand
(Reuters) – Air Canada said on Tuesday it was targeting a 36% jump in its 2028 operating revenue from the current year, riding a wave of strong demand for leisure travel across domestic and international routes. Airlines worldwide are optimistic about the future of air travel, driven by a post-pandemic surge as travelers shift their […]
Paramount’s $8.4 billion Skydance merger faces FCC challenge by Center for American Rights
(Reuters) – The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to challenge the planned $8.4 billion merger between Paramount Global and Skydance Media, a filing showed on Tuesday. China’s Tencent Holdings’ investment in Skydance sparks concerns about foreign influence on U.S. media, the firm said. The […]
Hungary central bank leaves base rate steady for third straight month
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -Hungary’s central bank left its base rate steady at the European Union’s joint highest level of 6.5% on Tuesday, as widely expected, after falls in the forint since its latest rate cut and tax hikes have sharply raised next year’s inflation path. S&P Global said on Thursday […]