Reuters US Business

By Allison Lampert (Reuters) -The largest U.S. aerospace trade group opened the door on Friday to discussions on specific tariffs, after President-elect Donald Trump suggested slapping duties on countries including Mexico and Canada. Aerospace Industries Association, which represents U.S. planemaking and defense companies such as Boeing and General Dynamics, addressed the prospect of tariffs for …

US aerospace group open to select tariffs supporting national security, industry Read More »

By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Friday raised its forecast for global growth in 2025 by one-tenth of a percentage point, with stronger-than-expected growth in the U.S. offsetting downward revisions in Germany, France and other major economies. In its latest World Economic Outlook, the IMF projected global growth of 3.3% …

IMF lifts US outlook, warns countries against protectionism, subsidies Read More »

By Jonathan Stempel NEW YORK (Reuters) -American Express said on Thursday it will pay about $230 million to settle U.S. criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products to small business customers. The credit card and travel services company agreed to pay $138.4 million, including about $108 …

American Express to pay $230 million to settle US charges over deceptive sales practices Read More »

(Reuters) -Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs. Managing directors in the wealth and technology units are leaving the firm and Citi is also …

Citigroup axes more jobs as part of ongoing cost-cutting plan Read More »

By Raphael Satter and Alexandra Alper WASHINGTON (Reuters) -When Donald Trump ordered the U.S. government to ban popular Chinese social media app TikTok in 2020, he said the “aggressive action” was necessary “to protect our national security.” Now the Republican president-elect, who will start his second term in the White House on Monday, is seeking …

Explainer-Biden or Trump can still rescue TikTok; here’s how Read More »