Reuters US Business

(Corrects Gareth Nicholson’s title in paragraph 4 to chief investment officer at Nomura International Wealth Management, not chief investment officer at Nomura) By Divya Chowdhury and Mehnaz Yasmin (Reuters) – The Treasury yield curve could steepen as investors demand higher compensation for perceived fiscal and political risk amid rising pressure from the Trump administration on …

Trump pressure on Fed may steepen US yield curve, fund managers say Read More »

(Reuters) -Media executive Shari Redstone has been named chair of Israel-based entertainment studio Sipur, which is behind the award-winning documentary “We Will Dance Again” and Netflix’s “Bad Boy”. The company said on Tuesday that the former Paramount chair will work with Sipur’s co-founders, CEO Emilio Schenker and Gideon Tadmor. Redstone has invested in the production …

Former Paramount chair Shari Redstone named chair of Israel-based production studio Sipur Read More »

(This story has been refiled to remove the picture) By Pritam Biswas (Reuters) – AI robotics company Figure said on Tuesday it had received over $1 billion in committed capital in its latest funding round that valued the firm at $39 billion post money. The Series C round was led by Parkway Venture Capital, and …

Robotics startup Figure valued at $39 billion in latest funding round Read More »

By Christine Chen SYDNEY (Reuters) -Australia’s Victoria state has postponed its inaugural auction for offshore wind farm funding, citing global investment hurdles, in a setback to an industry deemed vital to the country’s transition from coal-fired power to renewable energy. The state government confirmed on Tuesday that it would delay the auction process, which had …

Australia delays first offshore wind auction as global investment retreats Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in August as consumers bought a range of goods and dined out, but a weakening labor market and rising prices because of tariffs pose a downside risk to continued strength in spending. The third straight month of solid gains in sales reported …

US retail sales increase strongly; softening labor market a headwind Read More »

By Nupur Anand NEW YORK (Reuters) -Some U.S. consumers are showing increased signs of stress as inflation and higher interest rates are affecting affordability and leading to financial strain on borrowers, credit scoring company Fair Isaac Corporation, widely known as FICO, said on Tuesday. The overall national FICO score has dipped slightly by about 2 …

US consumers are feeling the stress of inflation, interest rates, report shows Read More »