The company raised the funding over the course of a seed round in 2024 and a Series A in 2025. Zhu Ventures, Reevo co-founder David Zhu’s venture capital firm, led the $10 million seed deal, and Khosla Ventures and Kleiner Perkins led the $70 million Series A investment. Artificial intelligence startup Reevo Inc. has raised $80 million from investors including Khosla Ventures and Kleiner Perkins, the company plans to announce Wednesday — financing that brings the startup’s valuation to $500 million. The government also said it would launch an accelerated pathway for H-1B visa holders in the coming months.
US Stock Market LIVE Updates: Dow rises 200 points after AI trade recovers, Supreme Court shows doubt on Trump tariffs
Sauer agreed that another, very different president would have the authority to declare climate change an emergency and impose tariffs to deal with it. The main contender to Nvidia Corp. in the AI chip market said Tuesday that it expects roughly $9.6 billion in fourth-quarter revenue. While analysts had estimated $9.2 billion on average, some projections ranged as high as $9.9 billion.
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The prospect of cuts to long-maturity auction sizes has been a minority view on Wall Street over the past year.
- Starbucks Workers United — representing employees at about 550 of the chain’s roughly 10,000 company-run US stores — said members voted to give union leadership the ability to call for a work stoppage at any time if demands aren’t met.
- Artificial intelligence startup Reevo Inc. has raised $80 million from investors including Khosla Ventures and Kleiner Perkins, the company plans to announce Wednesday — financing that brings the startup’s valuation to $500 million.
- McDonald’s Corp reported faster-than-expected US sales growth last quarter as diners prioritised cheap fast food and pulled back from more premium meals at fast-casual chains.
- Attorney Neal Katyal, in response to a question from Thomas, distinguishes between embargos, allowed by the law, and tariffs, which he says are not.
Oil Declines in Listless Trade With Supply Outlook in Focus
Alphabet Inc’s Google and cybersecurity company Wiz Inc. cleared a key hurdle to closing their $32 billion deal, with the US government saying it would wrap up its investigation of the acquisition. Treasury Secretary Scott Bessent showed up for the arguments, as promised, along with Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer. The trio have largely been responsible for negotiating various trade deals with other nations.
Prime Minister Mark Carney’s first budget unveiled a plan to attract international talent, earmarking C$1.7 billion ($1.2 billion) to recruit more than 1,000 highly skilled researchers. While helping to temper concerns of a faster deterioration in the job market, the modest payroll increase last month is consistent with a general softening in labour demand. Gold rebounded as investors weighed the outlook for the Federal Reserve’s interest rate path following data that showed some stabilisation in the job market. While Wall Street didn’t see a buying stampede, equities were able to bounce after a slide that underscored worries over how stretched the market has become and how sensitive it is to unfavourable news. “The expertise of these researchers will help advance our global competitiveness and contribute to the economy of the future,” the budget document said.
US Stock Market LIVE Updates: Pinterest falls following weaker-than-expected earnings
- The ADP report is one of the few monthly snapshots of the labour market, as the longest government shutdown in US history delays the release of official economic data.
- “The expertise of these researchers will help advance our global competitiveness and contribute to the economy of the future,” the budget document said.
- The government also said it would launch an accelerated pathway for H-1B visa holders in the coming months.
- Despite concerns linked to the prolonged government shutdown, the report showed no signs of widespread layoffs.
The justices may have equally tough questions when the tariff challengers make their case in the second half of the argument. Adjusted earnings totalled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points from a year ago to 62.7%, which Axon attributed to tariff impacts. Axon Enterprise’s stock plummeted 12% after the Taser maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints. The court unanimously ruled for President Gerald Ford in a case about the imposition of tariffs on oil imports, based on a different statute that also doesn’t mention the word tariffs.
US services activity picked up sharply in October, expanding at its fastest pace in eight months, according to new data from the Institute for Supply Management. The ISM services index rose to 52.4, boosted by a surge in new orders and business activity. However, inflation pressures intensified, with the prices-paid index jumping to a three-year high amid higher import tariffs. Despite concerns linked to the prolonged government shutdown, the report showed no signs of widespread layoffs. Eleven industries, including accommodation, food services, retail and wholesale trade, reported growth during the month, signalling steady momentum in the services economy. Pinterest stock dropped more than 20% after the company issued a disappointing revenue outlook for the holiday quarter, signalling slower-than-expected growth in its advertising business.
That’s the company’s popular holiday-themed Red Cup Day, which has been a previous union target. The labour actions could expand if there isn’t progress toward finalising a contract and resolving legal disputes, said the union, which accused Starbucks of refusing to fairly negotiate. Starbucks Workers United — representing employees at about 550 of the chain’s roughly 10,000 company-run US stores — said members voted to give union leadership the ability to call for a work stoppage at any time if demands aren’t met.
Treasuries fell after the US government signalled that larger auction sizes are on the horizon, while signs of economic resilience hurt the odds of a Federal Reserve interest-rate cut in December. The Canadian government is set to launch CMC Markets Review special initiatives to attract top international researchers and H-1B visa holders, while slashing the number of foreign students it plans to bring into the country each year. At a time when every dip in stocks is perceived as an opportunity, buyers emerged after a brief pullback led by some of the biggest winners of the artificial-intelligence boom. After the companies first announced their tie-up in March, the Justice Department opened up an in-depth probe of the deal, Bloomberg reported in June.
JPMorgan Chase & Co.’s super-rich clients are bolstering investments in sports teams as rising values increasingly attract capital from institutional firms and they mature as an asset class. Democrats cruised to victory over Republican gubernatorial candidates in Virginia and New Jersey, while democratic socialist Zohran Mamdani beat Trump-endorsed Andrew Cuomo to become the next New York City mayor. The outcome signalled voters’ unease with the economy under Trump, which could give Democrats a path to taking back control of Congress in the 2026 midterm elections. Attorney Neal Katyal, in response to a question from Thomas, distinguishes between embargos, allowed by the law, and tariffs, which he says are not. US President Donald Trump conceded that the Democrats’ electoral sweep up and down the ballot across the country on Tuesday night spelled bad news for his Republican Party. “The court 9-0 rejected the argument” that the absence of the word tariff doomed Ford’s action, Kavanaugh said.
US Stock Market LIVE Updates: ‘I don’t think it was good for Republicans,’ Trump says following election night
Oil extended a run of lackluster trading as investors assessed mixed US inventory data and a persistent outlook for oversupply. West Texas Intermediate fell 1.4% to trade below $60, a key level that can trigger accelerated buying when breached, with prices undulating in a band of about $2 since early last week. US comparable-store sales, which reflect the results of established locations, increased 2.4% in the third quarter, higher than the average of analyst estimates, with the company attributing the rise mostly to higher per-visit spending. McDonald’s Corp reported faster-than-expected US sales growth last quarter as diners prioritised cheap fast food and pulled back from more premium meals at fast-casual chains. The company posted a profit of 38 cents per share adj., while analysts polled by LSEG expected earnings of 42 cents per share. Pinterest shares plummeted 20% on Wednesday after lacklustre third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs.
President Donald Trump blamed the ongoing government shutdown for Democrats’ sweeping electoral wins, pressuring Republicans to abandon the filibuster in order to reopen federal agencies and pass new crackdowns on mail-in voting. Justice Neil Gorsuch, a Trump appointee, has questions about both major questions and nondelegation. He is asking Sauer to provide limits on the broadest reading of the administration’s arguments in favour of tariffs. The questioning came early on in a session likely to last more than two hours, and it didn’t give a clear indication of how the court will rule.
