Reuters US Business

By Joe Cash BEIJING (Reuters) -Beijing is stacking up its bargaining chips ahead of expected U.S.-China talks when Presidents Donald Trump and Xi Jinping visit South Korea’s Gyeongju, announcing new export controls to tighten its grip over high-tech manufacturing supply chains. The two superpowers look to be struggling to move beyond their current tariff truce …

Factbox-What are the latest sticking points in US-China tensions? Read More »

By Deena Beasley (Reuters) -Retail pharmacies and prescription drug savings site GoodRx are talking with the Trump administration about joining its TrumpRx website, they told Reuters, suggesting an expansion beyond the early description of it as a link to pharmaceutical companies’ direct discounts. Drugmakers, including Pfizer and Amgen, are offering to sell some brand-name medications …

Exclusive-US pharmacies, drug discounters are discussing TrumpRx role with administration Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -At a time when investors could worry about tariffs, growth, and shifting Federal Reserve policy, their biggest fear looks to be missing out on further stock market gains, options data showed. With stocks hitting new highs, traders in the options market are lapping up call options with near-record …

Analysis-Fear of missing out trumps other worries as euphoria grips US stock options traders Read More »

By Akash Sriram (Reuters) -Global space investment hit a record $3.5 billion in the third quarter, driven by a wider range of startups and continued defense spending, according to a report released Friday by space-focused investment firm Seraphim Space. Investments, from rocket-makers to low‑Earth‑orbit satellites, jumped from $1.79 billion in the same period last year, …

Investors pour record $3.5 billion into space as investors look beyond big names, report says Read More »

By Danilo Masoni MILAN (Reuters) -A return of fund inflows into renewable energy stocks is helping to breath new life into these companies’ shares, powering their strongest quarterly rise since the sustainability boom early this decade. After two years of bearish sentiment and relentless redemptions that made the sector a short-sellers’ hotspot, a fundamental shift …

‘Every electron counts’: Why renewables stocks are back in play Read More »

By Ann Saphir and Michael S. Derby (Reuters) -The influential New York Federal Reserve President John Williams signaled on Thursday he would be comfortable with cutting interest rates again, voicing what appears to be a dominant view at the Fed despite some policymakers’ qualms about rising inflation. “The risk of a further slowdown in the …

Fed’s Williams, Daly call out job market risks; Barr urges caution Read More »

(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Thursday that a softening labor market and easing inflation were reasons behind last month’s decision to cut rates, and prompted the Fed to signal the possibility of further rate cuts ahead. “The economy is slowing a little bit. Consumers are running out of all …

Fed’s Daly: labor market is at a ‘worrisome’ point Read More »

By Nora Eckert DETROIT (Reuters) -Ford Motor is walking back a program that would have allowed dealers to offer a $7,500 tax credit on EV leases after the federal subsidy expired September 30, the company said on Thursday. “Ford will not claim the EV tax credit but will maintain the competitive lease payments we have …

Exclusive-Ford reverses plan to claim EV tax credits, following GM Read More »

By Chris Kirkham, Rachael Levy and Abhirup Roy LOS ANGELES (Reuters) -When Tesla’s board of directors offered Elon Musk the biggest executive pay package in corporate history in September, it reassured investors that he would have to achieve the equivalent of “Mars-shot milestones” to earn $878 billion in Tesla stock over 10 years.  The board’s …

Analysis-Musk’s Tesla package pays him billions even if he misses ‘Mars-shot’ goals Read More »

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased again last week, economists estimated on Thursday, hinting at some early layoffs of contractors related to the U.S. government shutdown. Initial claims for state unemployment benefits rose to a seasonally adjusted 235,000 for the week ending October 4 from 224,000 …

US weekly jobless claims increased amid government shutdown, economists estimate Read More »