Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -U.S. existing home sales increased to a 10-month high in December, but further gains are likely to be limited by elevated mortgage rates and house prices, which are keeping many prospective buyers on the sidelines. Despite the bigger-than-expected rise reported by the National Association of Realtors on Friday, home sales …

US existing home sales rise in December; house prices hit record high in 2024 Read More »

By Brendan Pierson (Reuters) – The U.S. Centers for Medicare and Medicaid Services on Friday said it would not appeal a court order that it recalculate the public star ratings it gave to UnitedHealth’s privately administered Medicare health insurance plans, which the insurer said would cost it millions of dollars from lost customers. The agency …

US drops appeal in case over UnitedHealth Medicare plans’ rating Read More »

By Manya Saini and Niket Nishant (Reuters) -Venture Global’s shares opened nearly 4% below their initial public offering price in a subdued NYSE debut on Friday, giving the LNG exporter a valuation of $58.2 billion and reinforcing the cautious approach of investors to new listings. The IPO was expected to be the first blockbuster listing …

Venture Global’s $58 billion market debut falls short of high expectations Read More »

By Daniel Wiessner (Reuters) – A federal judge on Friday granted the U.S. Department of Justice’s request to pause a lawsuit by Elon Musk’s SpaceX claiming the agency lacks the power to pursue claims that the space technology company refused to hire certain immigrants. U.S. Magistrate Judge Ignacio Torteya in Brownsville, Texas, made the decision …

US judge pauses SpaceX’s challenge to case over anti-immigrant bias Read More »

By Scott DiSavino (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator …

US oil and gas rig count falls to lowest since Dec 2021, Baker Hughes says Read More »

By Tom Westbrook and Elizabeth Howcroft NEW YORK/SINGAPORE/PARIS (Reuters) -Crypto markets crept up on Friday, still holding below recent highs even after President Donald Trump ordered a new working group to draw up crypto regulations long hoped for by the industry and explore the creation of a U.S. cryptocurrency stockpile. Bitcoin has been broadly steady …

Crypto markets steady after Trump’s first policy move Read More »

By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central bank confronts early moves by President Donald Trump that are likely to shape the economy this year, including demands the Fed continue lowering borrowing …

Fed to hold rates steady at an unsteady moment Read More »