Reuters US Business

By Jonathan Stempel (Reuters) – The U.S. government on Thursday sued Uber Technologies, accusing the ride-sharing company of violating federal law by discriminating against passengers with disabilities. In a complaint filed in San Francisco federal court, the U.S. Department of Justice said Uber drivers routinely refuse to serve riders with disabilities, including people who travel …

US sues Uber, alleges discrimination against disabled riders Read More »

By Christy Santhosh (Reuters) -AbbVie shares rose 4% to a record high on Thursday after the U.S. drugmaker said it expected no generic competition for its blockbuster immunology drug Rinvoq until 2037, a four-year extension, according to some analysts. Rinvoq, used for the treatment of rheumatoid arthritis and other autoimmune diseases, is AbbVie’s second best-selling …

AbbVie shares hit record high as key immunology drug set for exclusivity until 2037 Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines CEO Bob Jordan said on Thursday the company is looking at long-haul international flights and premium airport lounges as part of its turnaround strategy. Jordan said while the company will have to look at a wide-body aircraft for long-haul international service, it could use a “more …

Southwest Airlines eyes long-haul flights in strategic overhaul Read More »

(Reuters) – China’s Alibaba and Baidu have started using internally designed chips to train their AI models, partly replacing those made by Nvidia, The Information reported on Thursday, citing four people with direct knowledge of the matter. Alibaba has been using its own chips for smaller AI models since early this year, while Baidu is …

Alibaba, Baidu begin using own chips to train AI models, The Information reports Read More »

By Oliver Griffin and Ana Mano SAO PAULO (Reuters) – Global agricultural machinery manufacturer Deere & Co.’s sales in Brazil could fall by a single-digit percentage in 2026 amid global uncertainties related to U.S. President Donald Trump’s tariffs and high interest rates in the South American country, an executive said on Thursday.   “Today, a positive …

Deere & Co Brazil sales could fall amid global trade tensions, executive says Read More »

By Sara Rossi and Alun John LONDON (Reuters) -The U.S. Federal Reserve is an outlier among central banks in developed markets, as it looks set to resume rate cuts just as many of its peers are reaching the end of their easing cycles. The European Central Bank (ECB) left rates unchanged on Thursday, while Japan …

US Fed looks set to resume rate cuts just as its peers are nearly done Read More »

By Andrea Shalal WASHINGTON (Reuters) – The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday. IMF spokesperson Julie Kozack said inflation was on a path to meet the Federal Reserve’s 2% target, but there were some risks that …

IMF says US economy showing strains; tariffs pose some risks to inflation Read More »

By Anuja Bharat Mistry and Sanskriti Shekhar Kroger on Thursday raised its annual core sales forecast for the second straight time, banking on resilient demand for fresh produce and other essentials from cautious Americans cutting back on eating out. The company has focused on promotions and maintaining low prices to meet rising customer demand for …

Kroger raises annual sales forecast as Americans stick to eating at home Read More »