Reuters US Business Archives - Page 1290 of 2312

Realtors group forecasts US 30-year fixed-rate mortgage averaging 6% in 2025

12 Dec 2024 12 Dec 2024

WASHINGTON (Reuters) – The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned homes, the National Association of Realtors predicted on Thursday. The NAR also projected 4.5 million existing home sales in 2025 and forecast house prices …

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Eggs boost US producer prices in November, but services inflation slowing

12 Dec 2024 12 Dec 2024

By Lucia Mutikani WASHINGTON (Reuters) -U.S. producer prices increased by the most in five months in November, but easing costs of services such as portfolio management fees and airline fares offered hope that the disinflationary trend remains in place despite stalled progress. A surge in the price of eggs amid an avian flu outbreak accounted …

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Unsupported price hikes added $815 million to US drug spending in 2023

12 Dec 2024 12 Dec 2024

By Sriparna Roy (Reuters) – Price increases for five of the 10 drugs that contributed the most to a rise in U.S. medical spending in 2023 were not supported by clinical evidence and drove costs higher by $815 million, an influential drug pricing watchdog said on Thursday. The Institute for Clinical and Economic Review (ICER) …

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Big Oil eyes powering Big Tech’s data center demand

12 Dec 2024 12 Dec 2024

By Shariq Khan and Shashwat Awasthi NEW YORK (Reuters) -Chevron Corp and Exxon Mobil are considering entering the electricity business, with the U.S. oil majors working on deals to use natural gas and carbon capture to power the technology industry’s AI data centers, executives with the companies said separately on Wednesday. Chevron has been in …

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Brazilian miner Vale invests in US startup as part of decarbonization push

12 Dec 2024 12 Dec 2024

By Marta Nogueira RIO DE JANEIRO (Reuters) – Vale Ventures, the corporate venture capital initiative of Brazilian miner Vale, said on Thursday it has invested in a Boston-based startup focused on developing solutions to decarbonize heat generation. The firm, Electrified Thermal Solutions, owns technology for heating industrial furnaces through electricity, without the use of fossil …

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Autonomous agents and profitability to dominate AI agenda in 2025, executives forecast

12 Dec 2024 12 Dec 2024

By Katie Paul NEW YORK – Autonomous “agents” and profitability are likely to dominate the artificial intelligence agenda next year, business executives and researchers predicted this week in interviews at the Reuters NEXT conference in New York. Agents, or systems that can perform actions like making purchases and scheduling meetings on people’s behalf without their …

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Stifel expects S&P 500 to peak in early 2025 before falling

12 Dec 2024 12 Dec 2024

(Reuters) – Stifel expects the S&P 500 index to peak in the first half of 2025, then fall 10% to 15% in the second half of the year, the brokerage said on Thursday citing concerns about slower economic growth and sticky inflation. The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next …

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Canadian premiers urge strong response to Trump tariff threat, minister says

12 Dec 2024 12 Dec 2024

By Nia Williams (Reuters) – Some Canadian premiers are urging Ottawa to respond robustly to the threat of tariffs from incoming U.S. President Donald Trump and have highlighted critical minerals and metals as products the United States relies on, Canada’s finance minister said on Wednesday. Canadian Prime Minister Justin Trudeau and other government ministers met …

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BuzzFeed sells ‘Hot Ones’ creator for $82.5 million to group led by Soros-affiliate

12 Dec 2024 12 Dec 2024

(Reuters) – BuzzFeed said on Thursday it has sold First We Feast, creator of YouTube’s popular talk show ‘Hot Ones’, to a group led by Soros Fund Management affiliate for $82.5 million, as the struggling media company faces a cash crunch. First We Feast will become an independent company led by founder Chris Schonberger as …

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Fuel theft, violence siphoning $215 million from Ecuador oil industry

12 Dec 2024 12 Dec 2024

By Alexandra Valencia ESMERALDAS/SANTO DOMINGO, Ecuador (Reuters) – Organized crime groups in Ecuador are increasingly stealing fuel from state-run oil company Petroecuador to support drug trafficking operations, resulting in hundreds of millions in lost income for the country’s top industry, the company and officials said. Criminals steal gasoline, diesel and other fuel by tapping state-owned …

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