Clear 40°. Wind: N 0 mph.
Loading advertisement…
Trending: China says it hopes firms seek lawful, balanced solutions over TikTok deal
HomeNewsNationalBusiness ( Page 390)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

US senators Wyden and Warren press UnitedHealth on loan repayments after cyberattack

(Reuters) -U.S. Senators Ron Wyden and Elizabeth Warren wrote a letter to UnitedHealth executives asking for information about the loans the healthcare conglomerate provided after the cyberattack at its tech unit last year. In a letter to UnitedHealth CEO Stephen Hemsley and the group’s industrial ...
by

Fed’s Waller sees rate cuts over next 3-6 months, starting in September

By Ann Saphir (Reuters) -Federal Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term U.S. borrowing costs, saying he would support an interest-rate cut next month and further reductions over the next three to six months to prevent the labor market ...
by

End of US low-value package tariff exemption is permanent, Trump officials say

WASHINGTON (Reuters) -The U.S. tariff exemption for package shipments valued under $800 ends permanently on Friday, with a six-month transition period under which postal service shippers can opt to pay a flat duty of $80 to $200 per package depending on the country of ...
by

Virgin Australia reports 28% rise in annual profit

(Reuters) -Virgin Australia reported a near 28% rise in its full-year underlying profit on Friday, in its first result since listing back, driven by strong performance in its airline and loyalty program segments. The airline said its pro forma underlying net profit after tax stood ...
by

Photos of a Gambian village where a ‘sea war’ is brewing

BANJUL, Gambia (AP) — A brewing “sea war” off Gambia pits local fishermen against foreign trawlers, and each other, as overfishing and global seafood demand strain dwindling stocks. The clashes are fracturing coastal communities, with experts warning that Gambia’s fish population could collapse within ...
by

S&P 500, Dow score record high closes as Nvidia results buttress AI rally

(Reuters) -The S&P 500 and Dow Jones Industrial Average notched record high closes on Thursday after Nvidia’s quarterly report fell short of investors’ high expectations but confirmed that spending related to artificial intelligence infrastructure remains strong. Shares of Nvidia dipped 0.8% after Sino-U.S. trade uncertainties ...
Loading advertisement…
by

Applied Materials CFO says government-backed foundry moves to not change forecast

(Reuters) -Applied Materials CFO Brice Hill said on Thursday recent news at chipmakers’ foundry units including Intel will not change its forecast for high-end chipmaking tools demand. The U.S. government’s move to take about 10% equity stake in Intel, which is a customer of Applied ...
by

Gap forecasts weaker annual margin growth amid tariff concerns, shares fall

(Reuters) -Gap on Thursday forecast weaker annual operating margin growth after posting quarterly comparable sales below estimates, driven by impacts from tariffs on imports of goods to the U.S., sending its shares down about 10% in extended trading. The company in May said that it ...
by

Caterpillar lifts 2025 tariff cost estimate to as much as $1.8 billion

(Reuters) -Caterpillar on Thursday raised its estimate of tariff-related costs for 2025, citing additional levies and clarifications, sending its shares down 3% in extended trading. Sweeping tariffs have raised costs across Caterpillar’s supply chain, as the company imports key components such as sensors, even as ...
by

Trading Day: Fed hopes lift stocks, clip dollar

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wall Street rose on Thursday as investors looked favorably on tech despite a mixed reaction to Nvidia’s results, while the prospect of U.S. rate cut next month ...
by

Musk’s xAI forays into agentic coding with new model

(Reuters) -Elon Musk’s artificial intelligence startup, xAI, on Thursday released a new “speedy and economical” agentic coding model, marking its entry into a key focus area for AI companies. An agentic coding tool is an AI-powered software application that can autonomously perform coding-related tasks. XAI’s model, ...
by

US FTC chair alleges Gmail uses ‘partisan filtering’

WASHINGTON (Reuters) -U.S. Federal Trade Commission Chairman Andrew Ferguson alleged that Gmail uses what the FTC calls “partisan filtering” and raised the issue in a letter to the CEO of Google parent company Alphabet’s, Sundar Pichai, the regulator said on Thursday. “My understanding from recent ...
First Previous386387388389390391392393394Next Last