Reuters US Business

By Peter Hobson and Stella Qiu CANBERRA/SYDNEY (Reuters) – Australia’s central bank is cautious about cutting rates further given cost pressures in a hot labour market, but it will respond if inflation slows more quickly than expected, senior officials said on Friday. Speaking before lawmakers, Reserve Bank of Australia Governor Michele Bullock said the central …

Australia’s central bank cautious on rate cuts, all depends on data Read More »

By Ross Kerber (Reuters) -BlackRock, the world’s largest asset manager, said on Thursday it had resumed meeting with the leaders of its portfolio companies after reviewing new guidance from the U.S. Securities and Exchange Commission. In a statement sent by a representative, BlackRock confirmed it had temporarily paused the talks while it assessed the guidance, …

BlackRock resumes stewardship talks after reviewing new ESG guidance Read More »

By Luc Cohen (Reuters) – The U.S. Department of Justice on Thursday said it would drop a case accusing Elon Musk’s space technology company SpaceX of refusing to hire certain immigrants. The Justice Department last month signaled it could back away from the case, brought during Democratic President Joe Biden’s term. Musk, a top adviser …

US says it will drop immigration case against SpaceX Read More »

By Andre Romani SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre posted a better-than-expected quarterly net profit on Thursday, up nearly four-fold from the same period a year earlier and sending its shares up more than 12% in after-hours trading. MercadoLibre, Latin America’s largest company by market value, said net income for the October-to-December quarter …

MercadoLibre’s fourth-quarter net profit beats forecast, shares jump Read More »

By David Shepardson WASHINGTON (Reuters) – Boeing on Thursday named Jeff Shockey as its new top lobbyist, as the U.S. planemaker faces a number of issues in Washington including criticism from President Donald Trump over delayed deliveries of new Air Force One jets. Shockey returns to Boeing after the firm’s last head of government affairs …

Planemaker Boeing names Jeff Shockey as new top lobbyist Read More »

By Andre Romani SAO PAULO (Reuters) -Nubank, one of the fastest-growing digital lenders in the world, plans to announce an expansion this year after sweeping through its home market Brazil as well as Mexico and Colombia, an executive at the firm said on Thursday, as fourth-quarter profits grew. The 87% jump in adjusted net profit, …

Brazil’s Nubank expects to unveil new market this year Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks sold off on Thursday as ongoing tariff jitters and a downbeat forecast from Walmart dampened investor risk appetite. A broad selloff pulled all three major U.S. stock indexes into negative territory, with the blue-chip Dow suffering the steepest loss, shedding 1.01%. The S&P 500 snapped its two-day …

Wall St ends lower as weak Walmart guidance prompts consumer demand worries Read More »

By Howard Schneider (Reuters) – Federal Reserve officials are taking note of what they see as rising inflation risks and the uncertain impact of President Donald Trump’s trade, immigration and other policies. On Thursday, several signaled they still feel that cooling U.S. inflation will in time allow the U.S. central bank to deliver further interest …

Fed officials flag rising inflation risks, Trump policy uncertainty Read More »

By Akash Sriram (Reuters) -Rivian projected a surprise drop in electric vehicle deliveries for the year but said it expected to post a modest gross profit, as it slashed raw material and supply chain costs in its drive for efficiency. Rivian and other EV makers are facing tough demand as buyers opt for cheaper gas-powered …

Rivian expects drop in EV deliveries in 2025, sees modest gross profit Read More »

By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Thursday approved Spirit Airlines’ debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company. U.S. Bankruptcy Judge Sean Lane approved the airline’s restructuring proposal at a court hearing in White Plains, …

Spirit Airlines gets court approval for $795 million debt deal Read More »