Reuters US Business

By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -U.S. no-frills pioneer Spirit Airlines filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on firmer financial footing. The Florida-based carrier, which emerged from its first bankruptcy in March, has been grappling with dwindling cash …

Spirit Airlines files for second bankruptcy in a year as financial challenges persist Read More »

By Noel Randewich (Reuters) -The S&P 500 ended down from record highs on Friday, with losses in Dell, Nvidia and other AI-related stocks, while investors parsed inflation data showing tariffs have started feeding into prices. Dell tumbled almost 9% and was among the deepest decliners in the S&P 500 after high manufacturing costs for AI-optimized …

S&P 500 ends lower as Dell and Nvidia drop Read More »

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. ended tariff exemptions for parcel imports on Friday without the logistical hiccups that dogged prior attempts, while consumers, e-commerce companies and small businesses using online marketplaces braced for cost increases and supply chain disruptions. The U.S. Customs and Border Protection agency began collecting normal duty …

US tariff exemption for low-value packages ends with few hiccups but higher costs loom Read More »

By Trevor Hunnicutt and Jeff Mason WASHINGTON (Reuters) -U.S. President Donald Trump is pushing for more control over everything the federal government and its agencies do, and a string of firings will test how far he might be able to take his quest. Over three days this week, the Republican president moved to terminate Federal …

Analysis-Seeking more power, Trump uses firings to test presidential limits Read More »

By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve announced on Friday that it had finalized new capital levels of the nation’s largest banks following the June stress tests, although it added that Morgan Stanley <MS.N> is seeking reconsideration of its upcoming capital level. The central bank added that the new capital requirements, which take effect …

Fed announces new capital levels for large banks, Morgan Stanley appealing result Read More »

By Blake Brittain (Reuters) -Elon Musk’s artificial intelligence startup xAI has sued a former engineer at the company for allegedly stealing trade secrets related to its Grok chatbot and taking them to rival OpenAI. Musk’s company said in the complaint filed on Thursday in California federal court that Xuechen Li stole confidential information related to …

Musk’s xAI sues engineer for allegedly taking secrets to OpenAI Read More »