Reuters US Business

US bank regulator says large banks engaged in ‘debanking’ of disfavored industries

10 Dec 2025

By Pete Schroeder WASHINGTON, Dec 10 (Reuters) – The nine largest U.S. banks in the past had placed restrictions on providing financial services to some controversial industries in a practice commonly described as “debanking,” the regulator overseeing large national banks said in a report released on Wednesday. The Office of the Comptroller of the Currency …

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Fed’s Powell says inflation overshoot caused by Trump tariffs

10 Dec 2025

Dec 10 (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank’s 2% inflation target is mostly the result of President Donald Trump’s import tax hikes. “It’s really tariffs that are causing the most of the inflation overshoot,” Powell said after the latest Fed meeting, reiterating his expectation …

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Fed’s Powell says rate policy well positioned, future of policy not on pre-set course

10 Dec 2025

By Michael S. Derby Dec 10 (Reuters) – Federal Reserve Chairman Jerome Powell said U.S. central bank interest rate policy is well positioned to respond to what lies ahead for the economy, declining to provide guidance whether another interest rate cut lies in the near future. “I would note that having reduced our policy rate …

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US labor cost growth slows in third quarter as labor market conditions soften

10 Dec 2025

By Lucia Mutikani WASHINGTON, Dec 10 (Reuters) – U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for the inflation outlook. The report from the Labor Department on Wednesday followed on the heels of data on Tuesday showing resignations dropped to …

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YouTube TV to roll out genre-based plans, deepens sports streaming bet

10 Dec 2025

(Corrects to remove reference to number of subscribers in paragraph 5) Dec 10 (Reuters) – YouTube said on Wednesday it will roll out new genre-based subscription plans for YouTube TV in the U.S. early next year, underscoring the platform’s growing clout in the American pay-TV market and its push to lock in sports fans. The …

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Analysis-US farmers say Trump’s $12 billion aid package won’t cover losses

10 Dec 2025

By Leah Douglas and P.J. Huffstutter WASHINGTON, Dec 10 (Reuters) – U.S. farmers facing steep losses this year welcomed President Donald Trump’s $12 billion aid package announced on Monday, but said they would need more than that to fully offset low crop prices and lost export opportunities from his trade war. The aid will help …

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Reddit begins testing verified profiles to boost transparency

10 Dec 2025

Dec 10 (Reuters) – Reddit said on Wednesday it had started testing verified profiles, a new feature aimed at increasing transparency on the social media platform. The company said that the introduction of a grey checkmark next to usernames is designed to help users identify individuals and businesses in scenarios where verification is crucial, such …

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