Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -U.S. business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal government spending, erasing all the gains notched in the aftermath of President Donald Trump’s election victory. The tumble in activity to a 17-month low reported by S&P Global on Friday was …

US business activity stalling, consumers’ inflation expectations surge Read More »

By Hannah Lang and Chris Prentice (Reuters) -Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector. The Securities and Exchange Commission has moved quickly to overhaul its approach to policing …

US securities regulator to drop lawsuit against Coinbase, firm says Read More »

(Reuters) – ConocoPhillips said on Friday it would sell its interests in the Ursa and Europa Fields to Shell for $735 million, as part of the shale producer’s plan to streamline its portfolio. The company has been looking to offload non-core assets to help lower debt after its $22.5 billion takeover of rival Marathon Oil. …

ConocoPhillips to sell interests in Ursa and Europa Fields to Shell for $735 million Read More »

By Scott DiSavino (Reuters) -U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by …

US oil and gas rig count hits highest since June, says Baker Hughes Read More »

(This Feb. 20 story has been corrected to fix the date of new tariffs on Mexico and Canada from March 1 to March 4 in paragraph 5) By Kalea Hall DETROIT (Reuters) – – Stellantis is pausing work on its next-generation Jeep Compass compact SUV including retooling a plant in Canada designated to build the …

Stellantis pauses retooling at Canada factory slated to build Jeep Compass Read More »

By Patrick Wingrove and Bhanvi Satija (Reuters) – The U.S. Food and Drug Administration said on Friday there was no longer a shortage of Novo Nordisk’s popular weight-loss and diabetes drugs, Wegovy and Ozempic, a declaration that will curtail widespread sales of cheaper copies made by compounding pharmacies. Shares of Hims & Hers Health, which …

Novo’s Wegovy and Ozempic removed from US FDA shortage list, compounders on notice Read More »