Reuters US Business

By Zaheer Kachwala (Reuters) – Adobe raised its fiscal 2025 revenue and profit forecasts on Thursday, signaling strong demand for its design software and increased monetization of artificial intelligence tools. Shares of the San Jose, California-based company rose around 3% in extended trading. Adobe’s offerings, including Photoshop, InDesign, Acrobat and Illustrator, have become household names …

Adobe raises annual revenue and profit forecasts on strong design software demand Read More »

By Echo Wang NEW YORK (Reuters) -Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders for its planned U.S. initial public offering as there are available shares, people familiar with the matter said on Thursday. The strong demand, ahead of the IPO’s pricing later …

Exclusive-IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversubscribed, sources say Read More »

(Reuters) – The U.S. Federal Trade Commission on Thursday said it is seeking information from several companies including Alphabet, Meta Platforms and OpenAI that provide consumer-facing AI-powered chatbots, on how these firms measure, test and monitor potentially negative impacts of the technology. The FTC wants to know how those companies and Character.AI, Snap and xAI …

FTC launches inquiry into AI chatbots of Alphabet, Meta and others Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased by the most in seven months in August amid higher costs for housing and food, but a surge in first-time applications for jobless benefits last week kept the Federal Reserve on track to cut interest rates next Wednesday. The larger-than-expected rise in the Consumer Price …

US consumer inflation accelerates; weekly jobless claims approach four-year high Read More »

By Jonathan Stempel (Reuters) – A federal appeals court on Thursday rejected Eli Lilly’s appeal of an $183.7 million judgment won by a whistleblowing lawyer and pharmacist who accused the drugmaker of defrauding Medicaid. The 7th U.S. Circuit Court of Appeals in Chicago said a federal jury reasonably found that Lilly knowingly concealed having retroactively …

Eli Lilly loses appeal of $183.7 million Medicaid fraud award Read More »

By Ana Isabel Martinez and Adriana Barrera MEXICO CITY (Reuters) – Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States. The Economy Ministry …

Mexico to raise tariffs on cars from China to 50% in major overhaul Read More »

By Hannah Lang (Reuters) -U.S. President Donald Trump’s pick to run the Commodity Futures Trading Commission, Brian Quintenz, on Wednesday accused crypto entrepreneur Tyler Winklevoss of lobbying the White House to stall his nomination after a text exchange. In a post on X, Quintenz said it was his understanding that after the text exchange on …

Trump’s CFTC pick says entrepreneur Winklevoss lobbied president to delay nomination Read More »