Reuters US Business

By Nora Eckert DETROIT (Reuters) -U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported on Friday. Sales of new vehicles finished at 15.9 million last year, according to Wards Intelligence, up 2.2% from the prior year, and the …

US new car sales rose to five-year high in 2024, helped by hybrids Read More »

By Pete Schroeder and Douglas Gillison WASHINGTON (Reuters) – A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto companies contrary to industry complaints of widespread “debanking,” according to documents released on Friday. A judge ordered the …

US regulator warned banks on crypto but did not order halt to business, documents show Read More »

(Reuters) – U.S. bank Goldman Sachs on Friday named Alex Golten as its new chief risk officer. (Reporting by Prakhar Srivastava in Bengaluru; Editing by Mohammed Safi Shamsi)

By Jaspreet Singh (Reuters) -Rivian surpassed analysts’ expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit. Shares of the California-based company rose nearly 19%. The stock lost more than 40% of its …

EV maker Rivian beats expectations for deliveries as supply snag eases Read More »

By Howard Schneider BALTIMORE (Reuters) -The U.S. central bank’s benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal Reserve President Thomas Barkin said on Friday. “I think there is more upside risk than downside risk” to inflation, given the economy’s continued strength and …

Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says Read More »

By Joey Roulette WASHINGTON (Reuters) -Elon Musk’s SpaceX said on Friday its upcoming Starship test flight would include the rocket’s first attempt to deploy payloads in space by releasing 10 model Starlink satellites, a key demonstration for Starship’s potential in the satellite launch market. “While in space, Starship will deploy 10 Starlink simulators, similar in …

SpaceX’s Starship to deploy mock satellites in next test Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing moved closer to recovery in December, with production rebounding and new orders rising further, but the outlook remains uncertain amid the threat of higher tariffs that could raise prices of imported raw materials. Despite the increase in the Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI) to …

US manufacturing PMI rises to nine-month high, but challenges loom Read More »

BRASILIA (Reuters) – Brazil’s government said on Friday it has reached deals with two of the country’s largest airlines, Gol and Azul, to settle some pending tax obligations totaling 7.5 billion reais ($1.22 billion). The government has provided the carriers with significant discounts and allowed them to make installment payments. WHY IT’S IMPORTANT The deal …

Brazil reaches deals with airlines to settle tax obligations Read More »