Reuters US Business

By Leah Douglas and Tom Polansek WASHINGTON/CHICAGO (Reuters) -U.S. farmers on Monday criticized President Donald Trump’s suggestion that the country may import more beef from Argentina, after they recently lost out to the South American nation on soybean sales to top buyer China. Trump said on Sunday that he was considering imports to reduce U.S. …

Trump plan to import Argentine beef angers US farmers Read More »

By David Shepardson and Akash Sriram WASHINGTON (Reuters) -The National Highway Traffic Safety Administration said on Monday it has opened a preliminary investigation into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety laws around a stopped school bus. The probe of the Alphabet unit is …

US probes Alphabet unit Waymo robotaxis over school bus safety Read More »

By Michael S. Derby (Reuters) -Some Wall Street analysts now believe the Federal Reserve will pull the plug on its long-running effort to shrink its balance sheet at the end of the month. These central bank watchers believe the ground has shifted for quantitative tightening, or QT, due to mounting money market friction, which could …

Some analysts see imminent Fed halt to balance sheet drawdown on rate turbulence Read More »

(Reuters) -Proxy firm Glass Lewis has recommended that Tesla shareholders vote against the proposed $1 trillion pay package for CEO Elon Musk, days after ISS also urged investors to reject what might be the largest-ever compensation plan awarded to a company chief. The Glass Lewis recommendation adds pressure to Tesla’s board ahead of a closely …

Proxy firm Glass Lewis joins ISS in urging vote against Musk’s $1 trillion pay package Read More »

By Alexandra Alper WASHINGTON (Reuters) -A lobbying group whose board includes U.S. firms like Oracle, Amazon.com and Exxon Mobil is urging the Trump administration to immediately suspend a rule it says halted billions of dollars’ worth of U.S. exports and will prompt China and other countries to drop U.S. firms from their supply chains. In a …

US business lobby urges Trump to end new curbs on exports to China Read More »

(Reuters News) -Beer maker Molson Coors Beverage Company said on Monday it would cut about 400 jobs, or 9% of its Americas salaried workforce by this year-end as part of a corporate restructuring plan. The move comes when U.S. alcohol companies are grappling with uncertainties driven by cautious consumer spending amid inflation and tariff-driven volatilities. …

Molson Coors to cut 9% of Americas jobs as part of restructuring plan Read More »

By Tassilo Hummel and Dominique Patton PARIS (Reuters) -Gucci owner Kering has agreed to sell its beauty business to L’Oreal for 4 billion euros ($4.7 billion), the first major gambit by new CEO Luca de Meo as he stamps his mark on the luxury group and cuts back its debt pile. Under the deal, French …

Gucci-owner Kering sells beauty unit to L’Oreal for $4.7 billion as de Meo targets debt pile Read More »