Reuters US Business

By Greg Bensinger (Reuters) -Thousands of Amazon.com workers will walk off the job on Thursday morning, in the crucial final days of the holiday season, after union officials said the retailer failed to come to the bargaining table to negotiate contracts. The strike is a challenge to Amazon’s operations as it races to fulfill orders …

Amazon workers to strike at multiple US warehouses during busy holiday season Read More »

By Andrew Chung, David Shepardson WASHINGTON (Reuters) -The U.S. Supreme Court decided on Wednesday to hear a bid by TikTok and its China-based parent company, ByteDance, to block a law intended to force the sale of the short-video app by Jan. 19 or face a ban on national security grounds. The justices did not immediately …

US Supreme Court to consider TikTok bid to halt ban Read More »

BEIJING (Reuters) -TuSimple Holdings said on Thursday it would rebrand as CreateAI and pivot from autonomous trucking to AI gaming technology, marking an attempt by the once-prominent self-driving truck startup to make a comeback. CEO Cheng Lu told Reuters in an interview that the move into gaming and animation technology represented a natural evolution of …

Self-driving truck startup TuSimple rebrands as CreateAI, shifts to gaming tech Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks plunged on Wednesday, with all three major indexes posting their biggest daily decline in months, after the Federal Reserve cut interest rates by a quarter of a percentage point but disappointed some investors with projections that signaled a more cautious path of easing next year. The Fed …

Stocks dive after Fed cuts rates, signals slower easing pace in 2025 Read More »

By Adwitiya Srivastava (Reuters) -Woodside and Chevron said on Thursday they would streamline oil and gas operations in Western Australia through a stake swap deal, a move resulting in the Australian energy giant exiting the $34 billion Wheatstone LNG project. Under the asset swap deal, Chevron would sell its interest in North West Shelf venture …

Chevron, Woodside in Western Australia LNG asset swap deal Read More »

By Byron Kaye and Rishav Chatterjee SYDNEY (Reuters) -The CEO of Australia’s No. 4 bank ANZ gave up a long-term performance bonus worth A$3.2 million ($2 million) due to shareholder backlash related to bond-trading irregularities that have sparked regulatory investigations, the lender said on Thursday. Shayne Elliott, due to exit as CEO in mid-2025 after …

Australia’s ANZ says CEO forfeited bonus amid shareholder angst Read More »

By Rishi Kant (Reuters) – Micron Technology forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and smartphones impacts the chipmaker’s business. The market for dynamic random-access memory (DRAM) chips, which account for most of Micron’s revenue, remains sluggish because …

Micron shares tumble as quarterly forecast signals sluggish consumer demand Read More »