Reuters US Business

Companies tap US bond market for nearly $70 billion, starting September on a busy note

5 Sep 2025

By Matt Tracy WASHINGTON (Reuters) -Investment-grade corporate borrowers tapped U.S. debt markets for nearly $70 billion so far this week, beating forecasts for the Labor Day-shortened first week of September as borrowing costs remain near record lows. At least 54 borrowers sold more than $67 billion worth of paper this week as of Friday’s market …

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Investors look for more aggressive US rate cuts after weak jobs data

5 Sep 2025

By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) -After a surprisingly weak U.S. payrolls report that underscored that the economy is slowing, investors see the need for accelerated monetary easing, including an increased chance of a jumbo interest rate cut this month.  Heading into Friday’s employment report, investors were already widely projecting the Federal …

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Halliburton reduces workforce as oil activity slumps, sources say

5 Sep 2025

By Shariq Khan and Liz Hampton DENVER (Reuters) -U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility. Global benchmark Brent crude …

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Analysis-US bond market may be too sanguine about underlying fiscal, inflation risks

5 Sep 2025

By Davide Barbuscia NEW YORK (Reuters) -Some investors see potential cracks in the U.S. bond market and red flags from recent whipsawing moves, saying the market is underpricing long-term fiscal risks and the danger posed by White House pressure on the central bank to cut interest rates. U.S. bond markets sold off earlier this week …

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White House review of biofuel waiver plan pits farmers against refiners

5 Sep 2025

By Jarrett Renshaw (Reuters) -The White House is reviewing a high-stakes rule that could reshape the balance of interests between oil refiners and farmers by determining how – or even whether – to redistribute huge volumes of biofuel blending obligations that were recently exempted under the Renewable Fuel Standard. The outcome, expected in the coming …

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Tesla board recommends record $1 trillion package for Musk

5 Sep 2025

(Reuters) -Tesla’s board has proposed an unprecedented $1 trillion compensation plan for CEO Elon Musk, putting the spotlight on Musk’s hold on the electric-vehicle maker as it looks to pivot into robotaxis and humanoid robots. The proposed plan requires boosting Tesla’s valuation nearly eightfold, or about $7.5 trillion, over the next decade, and if fully …

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As job market slumps, Trump administration says it could take a year to see better economic data

5 Sep 2025

By Susan Heavey WASHINGTON (Reuters) -The White House said it expects the Federal Reserve to weigh larger rate cuts this month after Friday’s “disappointing” jobs report, while President Donald Trump and his administration said it could be a year before the U.S. sees rosier economic data. “The main market expectation is 25 basis points. But …

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Tesla offers mammoth $1 trillion pay package to Musk, sets lofty targets

5 Sep 2025

By Akash Sriram (Reuters) -Tesla’s board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently asked for …

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Factbox-How Elon Musk’s pay package compares with other top CEOs in the US

5 Sep 2025

(Reuters) -Tesla’s board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history. The newly proposed award is roughly 18 times the size of a contested 2018 pay package – then valued at $56 billion – and is close to the company’s current …

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Qantas tightens purse strings on executive pay after data breach fallout

5 Sep 2025

By Himanshi Akhand and Rishav Chatterjee (Reuters) -Australia’s Qantas Airways said on Friday it had lowered bonuses for its CEO and her team as the airline shoulders responsibility for a hacking incident that breached personal data of millions of customers. Qantas CEO Vanessa Hudson will receive A$6.3 million ($4.09 million) for the year to June …

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