Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -The U.S. economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment, though momentum appears to be slowing as the effects of tariffs and policy uncertainty start to filter through. The quickest growth pace in nearly two years reported by the Commerce Department …

US economy notches fastest growth pace in nearly two years in second quarter Read More »

BUENOS AIRES (Reuters) -Argentina has reimplemented export taxes on grains and their by-products after temporarily suspending them for two days as it has hit a target sales cap of $7 billion, Argentina’s ARCA fiscal agency said on Wednesday in a post on social media. On Monday, the government issued a decree suspending export taxes on …

Argentina resumes export taxes on grains and by-products Read More »

By Allison Lampert and David Shepardson MONTREAL/WASHINGTON (Reuters) -The U.S. Federal Aviation Administration has just two candidates vying to become the project manager of a multi-billion dollar effort to overhaul air traffic control in the United States, the agency’s top official told Reuters. The FAA says it plans to pick a winner by the end …

Two bidders vie to be project manager of massive FAA US air traffic overhaul Read More »

(Reuters) -Elon Musk’s xAI has struck a deal with the U.S. General Services Administration (GSA) to provide the artificial intelligence startup’s Grok chatbot to federal agencies, the government’s procurement arm said on Thursday. The contract underscores Washington’s push to expand the use of AI in government operations, while intensifying competition among leading developers of the booming …

Musk’s xAI to provide Grok chatbot to US federal agencies Read More »

(Reuters) -Analytics firm Databricks said on Thursday it has partnered with OpenAI to integrate the ChatGPT maker’s artificial intelligence models into its platforms for enterprise customers. As part of the agreement, OpenAI’s AI models will be built directly into Databricks’ cloud platform for enterprise data and analytics, as well as its flagship product, Agent Bricks, …

Databricks, OpenAI team up to deliver AI models for enterprise clients Read More »

(Corrects to add missing currency symbol in the first paragraph) (Reuters) -U.S. energy major Chevron said on Thursday it was expecting to take a hit of $200 million to $400 million in the third quarter related to the Hess deal. Chevron closed its $55 billion acquisition of Hess in July after winning a landmark legal …

Chevron expects up to $400 million quarterly impact from Hess deal Read More »