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GE Vernova working with US government to boost stocks of rare earth yttrium

GE Vernova working with US government to boost stocks of rare earth yttrium

By Laila Kearney and Lewis Jackson NEW YORK, Dec 10 - Gas turbine maker GE Vernova is working with the U.S. government to increase its stockpiles of the rare earth yttrium, CEO Scott Strazik said on Tuesday, as China's export controls of the vital element create shortages across energy, aerospace

Wall St futures slip ahead of Fed meeting, 2026 cuts in doubt

Wall St futures slip ahead of Fed meeting, 2026 cuts in doubt

Dec 10 (Reuters) - U.S. stock index futures fell on Wednesday, ahead of a Federal Reserve monetary policy decision widely expected to deliver an interest rate cut alongside hawkish commentary on the path of future easing.

Brookfield and Qatar launch $20 billion AI infrastructure joint venture

Brookfield and Qatar launch $20 billion AI infrastructure joint venture

DUBAI/LONDON, Dec 9 (Reuters) - Brookfield and Qai, an artificial intelligence company owned by Qatar's sovereign wealth fund, have formed a $20 billion joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, the two groups said Tuesday.

Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Dec 8 (Reuters) - Medical supplies giant Medline said on Monday it was targeting an up to $55.3 billion valuation in its hotly anticipated U.S. initial public offering that is expected to be 2025's biggest IPO.

IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms

IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms

Dec 8 (Reuters) - IBM said on Monday it will buy data infrastructure company Confluent in a deal valued at $11 billion, ramping up its cloud-computing offerings to capitalize on an AI-driven demand boom.

Nvidia shares gain as Trump allows some AI chip sales to China

Nvidia shares gain as Trump allows some AI chip sales to China

By Kanchana Chakravarty Dec 9 (Reuters) - Nvidia shares rose 1.7% in U.S. premarket trading on Tuesday after President Donald Trump said he will allow the sale of its H200 chips to approved Chinese customers, easing concerns over access to one of its biggest markets.

Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries

Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries

By Aditya Soni Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.

Home Depot sees fiscal 2026 sales, profit below estimates ahead of investor day

Home Depot sees fiscal 2026 sales, profit below estimates ahead of investor day

Dec 9 (Reuters) - Home improvement chain Home Depot on Tuesday forecast fiscal 2026 comparable sales growth and profit below analysts' estimates as demand for do-it-yourself projects and big-ticket items cools.

Exclusive-Wikipedia operator taps former US Ambassador to Chile for CEO role

Exclusive-Wikipedia operator taps former US Ambassador to Chile for CEO role

By Deborah Mary Sophia Dec 9 (Reuters) - Wikimedia Foundation, the operator of Wikipedia, on Tuesday named Bernadette Meehan its chief executive officer, tapping an administrator with deep policy expertise and federal government experience to lead the online encyclopedia.

US stocks hang near records ahead of a Federal Reserve meeting this week on interest rates

US stocks hang near records ahead of a Federal Reserve meeting this week on interest rates

U.S. stocks are hanging at the edge of their record heights as Wall Street waits to hear from the Federal Reserve later this week on what it will do with interest rates

European shares flat on caution ahead of Fed's rate decision

European shares flat on caution ahead of Fed's rate decision

Dec 9 (Reuters) - European shares were muted on Tuesday, as caution lingered ahead of the U.S. Federal Reserve's two-day policy meeting starting later in the day, while gains in financial and industrial stocks kept the index afloat. The pan-European STOXX 600 was up 0.1% at 579.14 by 0810 GMT.

Oppenheimer sets Street-high 8,100 S&P 500 target for 2026

Oppenheimer sets Street-high 8,100 S&P 500 target for 2026

Dec 8 (Reuters) - Oppenheimer Asset Management on Monday set a year-end 2026 target of 8,100 for the S&P 500 index, the most bullish forecast among major Wall Street brokerages, citing expectations of strong corporate earnings and continued resilience in the U.S. economy.