Reuters US Business

By Anna Peverieri and Johan BODINIER (Reuters) – ArcelorMittal, the world’s second largest steelmaker, has not increased steel shipments into the United States to get ahead of President Donald Trump’s potential tariffs, the group’s finance chief Genuino Christino said. “You don’t really have a lot of flexibility here to be shipping more steel, so that …

ArcelorMittal plans no preemptive US steel shipments ahead of tariffs, CFO says Read More »

(Reuters) – Labcorp forecast 2025 revenue above Wall Street estimates after reporting fourth-quarter results beat on Thursday, banking on robust demand for its diagnostic tests. Demand for diagnostic tests has grown in recent quarters as more people, especially older adults, caught up on procedures after the pandemic. The company expects annual revenue in the range …

Labcorp forecasts 2025 revenue above estimates on diagnostic test demand Read More »

SAO PAULO (Reuters) – Cargill has signed a purchase and sale agreement for a 50% stake in SJC Bioenergia, giving it full control of the Brazilian sugar and renewable energy firm, according to a statement. The U.S. grain trader declined to reveal the values involved in the transaction. Cargill said the move advances its strategy …

Cargill to take full control of Brazil’s SJC Bioenergia Read More »

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Corporate treasurers are ramping up efforts to guard company earnings against more dollar strength, a move that some analysts said points to increased conviction that President Donald Trump’s tariff plans will help keep the U.S. currency higher for longer.  The U.S. dollar index is …

Analysis-Surging dollar spurs jump in corporate FX hedging Read More »

(Reuters) – John Schulman, an OpenAI co-founder who joined Anthropic last year, has left his role at the artificial intelligence startup, the company said late on Wednesday. “We are sad to see John go but fully support his decision to pursue new opportunities and wish him all the very best,” Jared Kaplan, Anthropic’s chief science …

John Schulman leaves AI startup Anthropic Read More »

(Reuters) – U.S. Federal Reserve Vice Chair Philip Jefferson on Wednesday said he is content to keep the central bank’s policy rate in its current position until policymakers get a better sense of the net effects of the Trump administration’s policies on tariffs, immigration, deregulation and taxes. Even after 100 basis points of rate cuts …

Fed’s Jefferson: In no rush to reduce level of policy restraint Read More »