Reuters US Business

HappyRobot raises $44 million to expand AI agents for freight operators

3 Sep 2025

By Aditya Soni (Reuters) -HappyRobot, an artificial intelligence startup that automates communications including rate negotiation and appointment booking for freight operators, has raised $44 million in a funding round led by Base10 Partners. The San Francisco-based firm did not disclose its valuation in Wednesday’s statement. A source familiar with the deal said the Series B …

HappyRobot raises $44 million to expand AI agents for freight operators Read More »

Fed announces October conference on payments innovation

3 Sep 2025

WASHINGTON (Reuters) -The U.S. Federal Reserve announced Wednesday it would host an Oct. 21 conference on payments innovation. The conference will explore emerging topics like stablecoin use cases, the intersection of artificial intelligence and payments, and the tokenization of financial products and services, the central bank said. (Reporting by Pete Schroeder)

Nasdaq Verafin, BioCatch strike partnership to curb payments fraud

3 Sep 2025

(Reuters) -Nasdaq Verafin and fraud detection firm BioCatch said on Wednesday they had formed a strategic partnership to combine their technologies to combat rising payments fraud. Banks and payment firms are facing mounting pressure to protect customers from scams and social engineering schemes that prey on vulnerabilities in faster payment systems and drain accounts in …

Nasdaq Verafin, BioCatch strike partnership to curb payments fraud Read More »

Musk’s X Corp wins spat with former employees over arbitration fees

3 Sep 2025

(In paragraph 5, corrects misidentification of plaintiffs’ lawyer as Shannon Liss-Riordan, who represents different plaintiffs in a separate, similar case against X Corp) By Daniel Wiessner (Reuters) -X Corp cannot be forced to cover the upfront fees of arbitrating a series of legal disputes by former employees who lost their jobs after Elon Musk acquired …

Musk’s X Corp wins spat with former employees over arbitration fees Read More »

US corporate debt market returns in force after market holiday

3 Sep 2025

By Matt Tracy (Reuters) -U.S. corporate borrowers flocked to the investment-grade bond market on Tuesday, seizing on near-record tight borrowing costs and getting ahead of any market volatility sparked by the Federal Reserve’s interest rate meeting later this month. At least 27 issuers tapped the high-grade corporate bond market on Tuesday, according to market participants …

US corporate debt market returns in force after market holiday Read More »

Campbell’s to eliminate synthetic food colors by 2026, warns of tariff hit

3 Sep 2025

By Savyata Mishra (Reuters) -Campbell’s Co on Wednesday said it will remove synthetic dyes from its food and beverage portfolio starting in fiscal 2026 and forecast annual profit below Wall Street expectations, hurt by higher tariffs. The New Jersey-based company joins U.S. peers including PepsiCo, Kraft Heinz and Nestle USA, in phasing out the use of …

Campbell’s to eliminate synthetic food colors by 2026, warns of tariff hit Read More »

U.S. workers are becoming more stressed about finances, BofA survey shows

3 Sep 2025

NEW YORK (Reuters) -U.S. workers are becoming more stressed about their rising personal debts and financial health, a Bank of America survey showed. Of the respondents polled by BofA, 47% of employed people said they had a sense of financial well-being, dropping from 52% at the start of the year. Nearly 85% of consumers carried …

U.S. workers are becoming more stressed about finances, BofA survey shows Read More »

Fed’s Bostic: Inflation still main concern, though single quarter-point cut likely warranted this year

3 Sep 2025

By Howard Schneider WASHINGTON (Reuters) -High inflation remains the U.S. Federal Reserve’s main risk, though evidence of a weaker labor market still likely warrants a single quarter-point rate cut this year, Atlanta Fed President Raphael Bostic said on Wednesday. After four years with inflation above the Fed’s 2% target, “price stability remains the primary concern,” …

Fed’s Bostic: Inflation still main concern, though single quarter-point cut likely warranted this year Read More »

Dollar Tree’s Q3 profit hit by tariff shock despite steady demand

3 Sep 2025

By Juveria Tabassum (Reuters) -Dollar Tree forecast current-quarter profit below estimates on Wednesday as tariffs drive up costs for the retailer, although it expects demand to be steady as Americans hunt for more affordable products at its stores. Dollar Tree’s shares, which have jumped about 50% this year, fell about 10% in early trading. U.S. …

Dollar Tree’s Q3 profit hit by tariff shock despite steady demand Read More »

Fed’s Waller repeats call for rate cut in September, pace depends on data

3 Sep 2025

(Reuters) -Federal Reserve Governor Christopher Waller on Wednesday repeated his call for an interest-rate cut in September given the weakening in the labor market, and said that how fast the central bank cuts after that will depend on what happens next in the economy. “I think we need to start cutting rates at the next …

Fed’s Waller repeats call for rate cut in September, pace depends on data Read More »

Close Bitnami banner
Bitnami