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Canada and Mexico should not be export hubs for China, says USTR

WASHINGTON, Dec 4 (Reuters) - Canada and Mexico should not be used as export hubs for China, Vietnam, Indonesia and other countries, U.S. Trade Representative Jamieson Greer said on Thursday, saying that this was already happening in some cases in Mexico. Greer told a conference ...
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Apple appoints Meta’s Newstead as general counsel amid executive changes

Dec 4 (Reuters) - Apple on Thursday announced that Meta Platforms' chief legal officer, Jennifer Newstead, will join the company as its general counsel and senior vice president. Newstead, who previously served as the legal adviser of the U.S. Department of State, will become Apple's ...
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AMD chief says company ready to pay 15% tax on AI chip shipments to China

SAN FRANCISCO, Dec 4 (Reuters) - Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships ...
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Activist investor Elliott nears settlement with PepsiCo, WSJ reports

Dec 4 (Reuters) - Activist investor Elliott Management is close to striking a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Details of the settlement could not be learned, according to the report. Elliott took ...
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CEOs see younger consumers driving growth amid tariffs, AI changes

NEW YORK, Dec 4 (Reuters) - Younger consumers are helping to drive growth in some consumer products despite higher prices from tariffs and other economic headwinds, while artificial intelligence boosts efficiencies and margins, several CEOs told Reuters on Thursday. Speaking at the Reuters NEXT conference ...
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Estée Lauder driving growth with new brands, global focus

By Arriana McLymore and Jessica DiNapoli NEW YORK, Dec 4 (Reuters) - Global cosmetics maker Estée Lauder Companies is focused on expanding market share and growing sales by developing new brands and focusing on younger consumers worldwide, and customizing products to meet consumers' needs across ...
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Indexes end near flat, supported by Fed hopes but dragged by Amazon

By Chuck Mikolajczak Dec 4 (Reuters) - U.S. stocks closed near the unchanged mark on Thursday, as investors weighed a report on the labor market and other economic data, while equities drew support from elevated hopes for a Federal Reserve interest-rate cut next week. A 1.4% ...
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Global shares and dollar higher as markets eye Fed rate cuts

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Dec 4 (Reuters) - Global shares and the dollar on Thursday were mostly higher as traders await a Fed interest rate cut. U.S. stocks finished mostly higher in a choppy trading session, with the benchmark S&P 500 and ...
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REUTERS NEXT – SAP CEO urges Europe to unite and ease AI rules to stay competitive

By Kritika Lamba and Krystal Hu Dec 4 (Reuters) - Europe needs a more unified market and lighter-touch regulation to stay competitive in artificial intelligence as the U.S. and China accelerate investment and deployment, SAP CEO Christian Klein said on Thursday. Speaking at the Reuters NEXT ...
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Ulta Beauty lifts annual forecasts on demand for cosmetics

Dec 4 (Reuters) - Ulta Beauty raised its annual sales and profit forecast on Thursday, betting on strong demand for its makeup and skincare products going into the holiday season. Shares of the company, which also reported third-quarter results above estimates, were up about 5% ...
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AI’s rise stirs excitement, sparks job worries 

NEW YORK, Dec 4 (Reuters) - The transformative effects of artificial intelligence dominated discussions at the Reuters NEXT conference in New York, with panelists concentrating on how it may upend work - and job growth - sidestepping concerns about an AI bubble. Artificial intelligence ...
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Ferrovial eyeing more opportunities at US airports, CEO says

By Doyinsola Oladipo NEW YORK, Dec 4 (Reuters) - Spanish construction company Ferrovial sees more opportunities for investment in airports across the U.S. following its massive terminal overhaul at New York's John F. Kennedy International Airport, CEO Ignacio Madridejos said on Thursday. Speaking at the Reuters ...
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