Reuters US Business

By Nolan D. McCaskill and Bo Erickson WASHINGTON (Reuters) -President Donald Trump has moved to unilaterally cancel $4.9 billion in foreign aid authorized by Congress, escalating the fight over who controls the nation’s spending.  In a letter posted online late Thursday, Trump told House of Representatives Speaker Mike Johnson that he plans to withhold funding for …

Trump cancels $4.9 billion in foreign aid, escalating spending fight with Congress Read More »

(Reuters) -Grain trader Archer-Daniels-Midland said on Friday it plans to cease operations at its plant in Bushnell, Illinois, as part of its plan to streamline its soy protein production network. The Chicago-based company added its recently recommissioned flagship facility in Decatur, Illinois, is expected to improve operating profit over time. ADM has been cutting jobs …

Archer-Daniels-Midland to cease operations at Bushnell plant Read More »

(An incorrect RIC was removed in paragraph 14) By Diana Novak Jones (Reuters) -Kraft, Mondelez, Coca-Cola and several other major food companies on Monday succeeded in winning the dismissal of a lawsuit that accused them of designing harmful “ultra-processed” foods addictive to children. U.S. District Judge Mia Perez in Philadelphia granted the companies’ motion to …

Kraft, other companies defeat test lawsuit over ultra-processed foods Read More »

By Ann Saphir (Reuters) -The Federal Reserve left its policy rate in the 4.25%-4.50% range at its July 29-30 meeting to keep downward pressure on inflation, which remains above its 2% target. President Donald Trump, who has for months tried unsuccessfully to pressure the U.S. central bank into cutting rates, was disappointed. Dissents by two …

Fed hawks and doves: what US central bankers are saying Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending increased by the most in four months in July while services inflation picked up, but economists did not believe strong domestic demand would prevent the Federal Reserve from cutting interest rates next month against a backdrop of softening labor market conditions. The rise in the costs of …

US consumer spending strong; core inflation warmer on services Read More »

(Reuters) -Elon Musk’s artificial intelligence startup, xAI, on Thursday released a new “speedy and economical” agentic coding model, marking its entry into a key focus area for AI companies. An agentic coding tool is an AI-powered software application that can autonomously perform coding-related tasks. XAI’s model, called grok-code-fast-1, would be available for free for a …

Musk’s xAI forays into agentic coding with new model Read More »

By Kanishka Singh WASHINGTON (Reuters) -U.S. Federal Trade Commission Chairman Andrew Ferguson alleged that Gmail uses what the FTC calls partisan filtering and raised the issue in a letter to Sundar Pichai, the CEO of Google parent company Alphabet, the regulator said on Thursday. “My understanding from recent reporting is that Gmail’s spam filters routinely …

FTC chair alleges partisan filtering by Gmail; Google says spam filters not ideological Read More »