Reuters US Business

By Georgina McCartney HOUSTON (Reuters) -Chevron , the only U.S. oil producer now working in Venezuela’s oilfields, has not held any discussions with President-elect Donald Trump’s team over the company’s operations in the country, CEO Michael Wirth said on Friday.   Since 2019, Venezuela’s oil industry has been under U.S. sanctions designed to curb its oil …

Chevron CEO says no discussions with President-elect Trump on Venezuela Read More »

WASHINGTON (Reuters) – Two U.S senators have asked the Federal Trade Commission and Justice Department to investigate online betting platforms DraftKings and FanDuel over concerns they are coordinating against competitors. In a letter dated Dec. 5, Republican Senator Mike Lee and Democratic Senator Peter Welch asked for an investigation following reports that the two companies …

Two US senators seek antitrust probe of DraftKings, FanDuel Read More »

By Howard Schneider and Ann Saphir CHICAGO/PALO ALTO, California (Reuters) – Federal Reserve officials appear on track to cut interest rates this month after data showed the U.S. labor market remained strong but continued to cool in November, even as debate emerged over a possible pause to rate cuts in the new year. U.S. employers …

Fed seen poised to cut rates this month, debate 2025 pause Read More »

By Sinead Cruise and Lawrence White LONDON (Reuters) – President-elect Donald Trump’s return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows. M&A bankers are forecast to rake in about …

Investment banks eye 2025 income boom as Trump drives deal rebound Read More »

By Lewis Krauskopf NEW YORK (Reuters) – An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve’s plans for rate cuts. The S&P 500 on Friday was on pace for its third-straight weekly gain, …

Inflation report poses test for stocks rally as Fed meeting looms Read More »

WASHINGTON (Reuters) – A U.S. federal appeals court ruled in favor of upholding a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. President-elect Donald Trump has said he will not allow TikTok, which is used by 170 million Americans, …

Factbox-Why does the US want to ban TikTok? The allegations against it Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing labor market that should allow the Federal Reserve to cut interest rates again this month. The labor market’s resilience is driving the economy …

US job market bounces back from impact of strikes, hurricanes Read More »