Reuters US Business

By Abhirup Roy, Akash Sriram and Ross Kerber (Reuters) -Electric pickup and SUV maker Rivian said on Friday it was giving its CEO a pay plan worth as much as $4.6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk, and linked to new profit targets and lower …

EV maker Rivian gives CEO a Musk-style pay package worth up to $4.6 billion Read More »

BUENOS AIRES (Reuters) -Argentine state-controlled energy company YPF swung to a net loss of $198 million in the third quarter, the company said on Friday, saying the loss reflected a deferred tax charge. The company’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a key measure of industry profitability, stood at $1.36 billion for …

Argentina’s YPF swings to Q3 net loss on tax expenses Read More »

(Corrects name of CEO to Gerrit, not Garret, in paragraph in paragraph 6) By Abhinav Parmar (Reuters) -Farm and construction machinery maker CNH Industrial lowered its full-year profit forecast on Friday, as it intentionally scaled back production of tractors and combines to avoid a supply glut amid sluggish demand. Shares of the company were down …

Machinery maker CNH cuts full-year profit forecast as weak demand weighs Read More »

By Mike Stone and Phil Stewart WASHINGTON (Reuters) -U.S. Secretary of Defense Pete Hegseth unveiled sweeping changes on Friday to how the Pentagon purchases weapons, allowing the military to more rapidly acquire technology amid growing global threats. Hegseth addressed industry leaders, military commanders and officials at the National War College, where he detailed the transformation of the …

US to streamline Pentagon’s weapons acquisition amid global threats Read More »

By Niket Nishant and Shashwat Chauhan (Reuters) -Democratic victories this week have caught investors’ attention, signaling a potential comeback after the party’s bruising defeat during last year’s election. A strong showing for congressional Democrats at the midterm elections in 2026 could push and revive policies favoring sectors sidelined by the GOP. While Trump would still …

Democrats’ potential resurgence puts investors on watch for policy shifts Read More »

(Reuters) -Google’s YouTube said it is open to negotiating a fair deal with Disney to restore the entertainment giant’s networks to its YouTube TV pay‑TV service, while it accused Disney of misrepresenting facts and seeking higher rates than rivals and its own smaller platforms. Disney said on Friday it continues talks with YouTube TV to …

YouTube says open to deal with Disney to restore networks in US Read More »

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply …

Fed’s Miran: Stablecoin adoption could put downward pressure on interest rates Read More »

(Reuters) -Tesla CEO Elon Musk has won shareholder approval for the largest corporate pay package in history. At the EV maker’s annual meeting at its factory in Austin, Texas, Musk bounded to the stage accompanied by dancing robots. The proposal was approved with more than 75% support, allowing Musk to get as much as $1 …

Wall St reacts to Musk’s $1 trillion pay plan approval by Tesla investors Read More »