Reuters US Business

(Reuters) – Volkswagen will recall 177,493 crossover SUVs in the United States over concerns related to a loose engine cover, the National Highway Traffic Safety Administration said on Friday. The engine cover may have been improperly installed after vehicle service, allowing it to come loose and contact hot engine surfaces, potentially increasing the risk of …

Volkswagen to recall over 177,000 SUVs over loose engine cover, NHTSA says Read More »

MEXICO CITY (Reuters) -Latin American e-commerce giant MercadoLibre will invest $3.4 billion in Mexico this year, focusing on its tech product and financial services, an executive from the firm said on Friday. “This figure represents a 38% increase compared to our investment last year,” said David Geisen, the firm’s Mexico head, at a press conference …

MercadoLibre plans $3.4 billion Mexico investment in 2025 Read More »

By Carolina Mandl and Suzanne McGee NEW YORK (Reuters) – Seesaw tariff announcements have unnerved Wall Street, as investors said flip-flopping moves by the Trump administration to roll back levies on trading partners were causing confusion rather than bringing relief. The S&P 500 is down 4.3% since President Donald Trump took office on January 20, …

Analysis-Investors seek clarity on tariffs from Trump White House Read More »

By David Lawder and Susan Heavey WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent said on Friday that the U.S. economy may slow as it transitions away from public spending towards more private spending, calling it a “detox period” needed to reach a more sustainable equilibrium. “Look, there’s going to be a natural adjustment as …

US Treasury’s Bessent says economy may slow in shift away from public spending Read More »

By Kanchana Chakravarty and Arsheeya Bajwa (Reuters) -Broadcom’s shares rose 6% on Friday as the semiconductor maker’s strong revenue forecast helped restore some confidence in AI chip demand after a bruising sector-wide selloff following rival Marvell Technology’s bleak outlook. The rosy forecast from Broadcom – the biggest supplier of custom AI chips to Big Tech …

Broadcom jumps as upbeat forecast raises hopes of AI rally resurgence Read More »

(Reuters) -Walgreens Boots Alliance is being taken private by Sycamore Partners for $10 billion, bringing to a close the pharmacy chain operator’s nearly century-long association with the public markets. The following is a timeline of key events in the history of the storied company, which was briefly part of the bluechip Dow Jones Industrial Average …

How Walgreens went from pharmacy behemoth to distressed retailer Read More »