Reuters US Business

By Jody Godoy (Reuters) -Facebook parent Meta Platforms put profit from its virtual-reality platform over safety, two former researchers told a Senate panel on Tuesday.     Former Meta user experience researcher Cayce Savage said the company shut down internal research showing Meta knew children were using its VR products and being exposed to sexually explicit material.  …

Meta put virtual-reality profit over kids’ safety, whistleblowers tell US Congress Read More »

By Noel Randewich (Reuters) – Wall Street’s three main indexes scored record high closes on Tuesday, while UnitedHealth rallied, and a downward payrolls revision supported expectations the Federal Reserve will soon cut interest rates to shore up economic growth. The S&P 500, Nasdaq, and Dow Jones Industrial Average each ended with fresh all-time highs, extending a …

Wall Street indexes notch record high closes, investors bet rate cut Read More »

By Juby Babu (Reuters) – Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up 27% after the bell. The company’s remaining performance obligations, or RPO, the most popular …

Oracle expects half a trillion dollars in booked cloud orders, stock rises 27% Read More »

By Ahmed Aboulenein, Renee Hickman and Leah Douglas WASHINGTON (Reuters) – The U.S. government will address what it sees as an epidemic of chronic illness among American children, calling for changes such as offering full-fat milk in cafeterias and limiting marketing of food and drugs, the “Make America Healthy Again” Commission said in its second …

MAHA report on US children’s health targets food and drug marketing Read More »

By Doyinsola Oladipo, Allison Lampert and David Shepardson WASHINGTON (Reuters) – A war of words between United Airlines and ailing Spirit Airlines executives escalated on Tuesday after the Chicago-based airline’s chief questioned the bankrupt discounter’s business model and expressed doubts if it could stay in the industry. Minutes later, Spirit responded. In a post on …

United Airlines and Spirit Airlines clash over business model Read More »

WASHINGTON (Reuters) -U.S. small-business sentiment improved further in August amid expectations for higher sales, but worries about the quality of available labor lingered. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 0.5 point to 100.8 last month. The share of business owners expecting higher sales rose six points …

US small-business optimism climbs but labor quality concerns persist Read More »

By Valerie Volcovici WASHINGTON (Reuters) -The Environmental Protection Agency on Tuesday proposed new measures aimed at speeding construction of infrastructure needed for the rapid buildup of data centers for artificial intelligence that would enable companies to start building before obtaining air permits. The proposal comes six months after the EPA announced an initiative called Powering …

Trump EPA seeks to speed up permitting for AI infrastructure Read More »