Reuters US Business

By Sarah N. Lynch (Reuters) -The U.S. Justice Department has launched a criminal mortgage fraud probe into Federal Reserve Governor Lisa Cook and has issued grand jury subpoenas out of both Georgia and Michigan, according to documents seen by Reuters and a source familiar with the matter. The investigation, which followed a criminal referral from Federal …

US Justice Department opens criminal mortgage fraud probe into Fed Governor Cook Read More »

By David Shepardson WASHINGTON (Reuters) -President Donald Trump’s administration said on Thursday it would drop a plan by his predecessor to require airlines to pay passengers cash compensation when U.S. flight disruptions are caused by carriers, in a setback for aviation consumer advocates. In December, the U.S. Department of Transportation under then-President Joe Biden sought …

US drops Biden plan to require airlines to pay compensation for disrupted flights Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 posted a closing record high on Thursday as labor market data did not change expectations for an interest rate cut by the Federal Reserve, a day ahead of the key U.S. monthly jobs report. Also boosting the market were shares of Broadcom, Amazon and Meta Platforms. …

S&P 500 registers record-high close as data keeps rate cut views intact Read More »

By Zaheer Kachwala (Reuters) -Broadcom expects artificial intelligence revenue growth for fiscal 2026 to “improve significantly”, after securing more than $10 billion in AI infrastructure orders from a new customer, CEO Hock Tan said on Thursday. Tan, who was 73 as of Broadcom’s March proxy filing, also said he remains committed to leading the company …

Broadcom sees strong AI growth for fiscal 2026 on new customer addition Read More »

By Ann Saphir and Bo Erickson (Reuters) -Stephen Miran, President Donald Trump’s pick to fill an open seat at the Federal Reserve, on Thursday parried dozens of questions from lawmakers about whether he will make interest-rate decisions independently of presidential pressure, with Republicans seeking to use the exchanges to affirm Miran’s promise of political neutrality …

Fed nominee Miran tells Senate panel he’s ‘not at all’ Trump’s puppet Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Starboard Value owns an 8.5% stake in BILL Holdings and intends to run a boardroom challenge to push for changes at the financial automation software company that serves small and midsize businesses around the world, it said in a filing on Thursday. Starboard has been building the …

Starboard built big stake in BILL Holdings, plans to nominate directors Read More »

By Dan Catchpole (Reuters) -Boeing Defense plans to hire new workers to replace striking members of the International Association of Machinists and Aerospace Workers (IAM) who assemble munitions, fighters and other military aircraft in the St. Louis area, the company said in a message to employees on Thursday. “Today, we’re starting the process to hire …

Boeing Defense plans to replace striking workers with new hires Read More »