Reuters US Business

WASHINGTON (Reuters) -U.S. factory production unexpectedly increased in August amid a rebound in the output of motor vehicles and some nondurable goods, though tariffs continued to cast a shadow over the manufacturing sector. Manufacturing output rose 0.2% last month after a downwardly revised 0.1% fall in July, the Federal Reserve said on Tuesday. Economists polled …

US manufacturing output unexpectedly rises on rebound in motor vehicle production Read More »

BRASILIA (Reuters) -Brazilian Finance Minister Fernando Haddad said on Tuesday he expects interest rate cuts to begin in the coming months, citing a more favorable foreign exchange outlook in Latin America’s largest economy. “I believe there will be room for rate cuts … in the coming months,” Haddad told an event hosted by J. Safra …

Brazil’s finance minister sees rate cuts in coming months Read More »

WASHINGTON (Reuters) -U.S. import prices unexpectedly rose in August, boosted by strong increases in the costs of capital and consumer goods, suggesting domestic inflation was poised to accelerate in the coming months. Import prices increased 0.3% last month after a downwardly revised 0.2% rebound in July, the Labor Department’s Bureau of Labor Statistics said on …

US import prices increase in August on capital, consumer goods Read More »

By Sarupya Ganguly BENGALURU (Reuters) -The United States’ sluggish housing market will remain weak through next year as high mortgage rates stifle demand with only a modest rebound expected in 2027, a Reuters survey of property experts showed. Persistent supply shortages and stretched affordability have kept most first-time buyers on the sidelines with existing homeowners reluctant …

US housing market to remain stuck in a rut as high rates choke demand: Reuters poll Read More »

(Reuters) – Cybersecurity firm Netskope is now aiming for a valuation of up to $7.26 billion in its U.S. initial public offering after raising the proposed price range, it said on Tuesday, underscoring investor appetite for high-growth tech stocks. Netskope’s offering marks the second notable cybersecurity IPO of 2025 in New York after Thoma Bravo-backed …

Cybersecurity firm Netskope lifts IPO price range, eyes $7.3 billion valuation Read More »

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday he anticipated a final deal on the short-video app TikTok when President Donald Trump speaks with Chinese leader Xi Jinping on Friday. China had a long list of asks during talks this week in Madrid, Bessent said. He described the negotiations as fulsome and conducted …

US treasury secretary anticipates final TikTok deal after Trump, Xi talk Read More »

WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent said on Tuesday he had a good session with former Fed official James Bullard as part of his search for a new Fed chairman. “Mr. Bullard and I had a very good approximately two-hour session. He has incredible experience from the St. Louis Fed. He is an …

US Treasury Secretary Bessent praises Bullard in search for Fed chief Read More »