Reuters US Business

WASHINGTON (Reuters) -President Donald Trump’s clampdown on the U.S. Consumer Financial Protection Bureau earlier this year has compounded IT security lapses at the agency through the cancellation of contracts, according to an audit report released on Monday. The information security program at CFPB — which maintains sensitive and confidential data from investigations, the oversight of …

US CFPB data security ‘not effective’ after Trump clampdown, watchdog report says Read More »

By Kamal Choudhury and Amina Niasse (Reuters) -Hims and Hers Health beat Wall Street estimates for third-quarter revenue on Monday, as the telehealth company added subscribers and expanded its personalized healthcare offerings. The company and rivals have launched programs that offer “personalized” versions of semaglutide, the active ingredient in Novo Nordisk’s weight-loss drug Wegovy, at …

Hims and Hers tops revenue estimates as telehealth provider attracts more users Read More »

By Jonathan Stempel (Reuters) -Procter & Gamble must face a lawsuit alleging that its packaging for Kid’s Crest suggests that children can use more of the toothpaste than is safe. In a decision on Friday, U.S. District Judge Jorge Alonso said parents can try to prove Procter & Gamble violated various state consumer protection laws …

Procter & Gamble can be sued over Kid’s Crest packaging, US judge rules Read More »

By Nandan Mandayam, Dan Catchpole and Anshuman Tripathy (Reuters) -Aircraft lessor Air Lease reported a higher third-quarter profit, as it benefits from robust demand and higher rates for leased jets and engines while production delays at Boeing and Airbus leave airlines with fewer options to expand fleets. In September, Air Lease approved a $7.4 billion …

Air Lease Corp profits rise in third quarter ahead of sale to investor-led group Read More »

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve officials on Monday continued pressing competing views of where the economy stands and the risks facing it, a debate set to intensify ahead of the U.S. central bank’s next policy meeting and in the absence of data suspended due to the federal government shutdown. In …

Divided Fed policymakers stake out positions ahead of December meeting Read More »

(Reuters) -YouTube TV has proposed restoring Disney’s ABC and ESPN networks, in response to the entertainment giant’s earlier request to bring back ABC to the pay-TV platform for Election Day coverage. Disney had earlier on Monday asked Google’s YouTube TV to restore ABC for Election Day coverage in service of public interest, just days after …

YouTube proposes returning ABC, ESPN networks following Disney’s request Read More »

By Arsheeya Bajwa (Reuters) -Palantir Technologies forecast fourth-quarter revenue above analysts’ estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesses and governments. The company’s shares, which hit a record high in regular trading, were last up 1% in choppy extended trading. The stock has more …

Palantir forecasts fourth-quarter revenue above estimates on solid AI demand Read More »

By Federico Maccioni ABU DHABI (Reuters) -Microsoft plans to bring its total investment in the United Arab Emirates to $15 billion by the end of 2029 and has the Trump administration’s approval to export Nvidia chips for its data centres there, a senior executive told Reuters on Monday. The UAE has been spending billions of …

Microsoft to invest over $15 billion in UAE, secures US export licenses for Nvidia chips Read More »