Reuters US Business

By Max A. Cherney (Reuters) -Intel announced on Tuesday a new artificial intelligence chip for the data center that it plans to launch next year, in a renewed push to break into the AI chip market. The new chip (GPU) will be optimized for energy efficiency and support a wide range of uses such as …

Intel signals return to AI race with new chip to launch next year Read More »

By Natalia Siniawski MEXICO CITY (Reuters) -Mexican telecoms giant America Movil on Tuesday reported a more than threefold jump in third-quarter profit, in line with analysts’ expectations, helped by a sharp drop in financing costs and increased mobile revenues. America Movil, controlled by the family of Mexican billionaire Carlos Slim, cited a reduction of around …

America Movil posts threefold profit jump as costs shrink in Q3 Read More »

By Lisa Baertlein, Liz Lee and Joe Cash BEIJING/LOS ANGELES (Reuters) -The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world’s two largest economies. A return to …

US, China roll out tit-for-tat port fees, threatening more turmoil at sea Read More »

(Reuters) -Grindr on Tuesday confirmed that its board had received a letter from shareholders Ray Zage and James Lu stating an interest in exploring the possibility of taking the dating app private. Shares of the company were up about 3% in after-hours trading. The board has established a “special committee comprised of disinterested and independent …

Dating app Grindr confirms receiving go-private interest from shareholders Read More »

By James Oliphant WASHINGTON (Reuters) -The U.S. Justice Department said on Tuesday that Meta had complied with its request to take down a page on its Facebook platform that the agency said was being used to harass ICE agents in Chicago. In a post on X, Attorney General Pam Bondi said the page was part …

Facebook takes down page that Justice Department says was used to harass ICE agents Read More »

By Rajesh Kumar Singh and Doyinsola Oladipo CHICAGO (Reuters) -Spirit Airlines said on Tuesday it expects to report losses until 2027 when it estimates to post its first full-year profit in eight years.    The ultra-low-cost airline filed for bankruptcy for the second time in a year in August. Spirit and other U.S. low-cost carriers …

Spirit Airlines projects profit return in 2027 after restructuring Read More »

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund edged up its 2025 global growth forecast on Tuesday as tariff shocks and financial conditions have proven more benign than expected, but warned that a renewed U.S.-China trade war threatened by President Donald Trump could slow output significantly. The IMF said in its World Economic Outlook …

IMF lifts growth outlook on more benign tariffs as revived US-China trade war looms Read More »

By Howard Schneider PHILADELPHIA (Reuters) -Federal Reserve Chair Jerome Powell on Tuesday delivers his last scheduled remarks before the Fed’s next meeting with the economy enjoying stronger-than-expected growth and a recent jump in productivity,  but still adjusting to tariff and immigration policies that economists worry could lead to both higher inflation and higher unemployment. Challenging …

Fed’s Powell addresses economy pulled between risks to growth, jobs and prices Read More »