Reuters US Business

By Nichola Groom (Reuters) -U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars’ worth of investments. The impact represents …

US shipbuilders, ports take knock-on hit from Trump assault on offshore wind Read More »

By Doyinsola Oladipo and David Shepardson (Reuters) -The 60,000 men and women responsible for keeping American skies safe have gone unpaid throughout the government shutdown. Without a funding agreement soon, many will be forced to dip into savings, rack up credit-card debt, or take on part-time jobs to make ends meet, several federal employees said. …

Grounded paychecks: 60,000 air safety workers tighten belts as US shutdown drags on Read More »

By Ateev Bhandari and Arasu Kannagi Basil (Reuters) -FalconX said on Wednesday it would buy crypto investment management firm 21shares for an undisclosed amount, as the digital assets trading firm bolsters its exchange-traded funds business. The deal comes just over a month after Wall Street’s top regulator removed the last remaining hurdle to dozens of …

Crypto trading firm FalconX to buy 21shares in ETF push Read More »

By Rodrigo Campos NEW YORK (Reuters) – U.S. support for Argentina’s markets has prevented a downgrade of the South American country’s credit rating, but the country needs a broader plan to rebuild foreign exchange reserves in order to earn an upgrade, Fitch Ratings said on Wednesday. “The U.S. backstop is something that has helped Argentina …

Fitch says US support helped Argentina ward off ratings downgrade Read More »

By Manya Saini (Reuters) -Subprime lender PrimaLend Capital Partners filed for bankruptcy protection on Wednesday, in another sign that low-income consumers in the United States are under strain. The company’s filings in a Texas court showed that it listed both assets and liabilities of less than $500 million. PrimaLend provides financing to consumer and specialty …

Subprime lender PrimaLend Capital Partners files for bankruptcy protection Read More »

By Aishwarya Jain (Reuters) -Hilton Worldwide cut its 2025 room revenue growth forecast due to softness in U.S. travel demand, but its shares rallied as the company boosted its expectations for new hotel additions, helped by resilient demand from wealthier customers. Travel demand in the U.S. has ebbed, particularly among middle-income and lower-income consumers due …

Hilton trims 2025 revenue growth outlook on ebbing US travel demand Read More »

By Kritika Lamba and Kanchana Chakravarty -Netflix shares fell more than 10% on Wednesday, as the streaming giant’s outlook for the coming quarter left investors nonplussed despite a strong line-up of shows that includes the final season of “Stranger Things”. Investors have become accustomed to routine outperformance from the company that propelled the stock to …

Netflix’s blockbuster run loses spark amid valuation jitters Read More »

By Amina Niasse NEW YORK (Reuters) -Annual premiums for U.S. families with employer-sponsored health insurance in 2025 rose 6% to nearly $27,000, reflecting higher spending on popular weight-loss treatments and other prescription drugs, according to a survey by health-policy organization KFF. The survey of employers, conducted in the first half of this year, found that premiums …

US health insurance premiums rose to $27,000 for families in 2025 Read More »