Reuters US Business

By Noel Randewich (Reuters) -The S&P 500 and Dow Jones Industrial Average notched record high closes on Thursday after Nvidia’s quarterly report fell short of investors’ high expectations but confirmed that spending related to artificial intelligence infrastructure remains strong. Shares of Nvidia dipped 0.8% after Sino-U.S. trade uncertainties prompted the leading AI chip designer to …

S&P 500, Dow score record high closes as Nvidia results buttress AI rally Read More »

By Amina Niasse NEW YORK (Reuters) -Broad U.S. health insurance coverage of the COVID-19 vaccine is not likely to change this fall even after the Food and Drug Administration limited the shot to people 65 and older or those with health conditions, sources at two insurance trade organizations said. Coverage could change starting in January …

US insurers likely to cover updated COVID shots this year, industry sources say Read More »

(Reuters) -Caterpillar on Thursday raised its estimate of tariff-related costs for 2025, citing additional levies and clarifications, sending its shares down 3% in extended trading. Sweeping tariffs have raised costs across Caterpillar’s supply chain, as the company imports key components such as sensors, even as manufacturers race to localize production. The Trump administration’s latest tariffs, …

Caterpillar lifts 2025 tariff hit estimate to as much as $1.8 billion Read More »

By Neil J Kanatt (Reuters) -Gap on Thursday reported comparable sales below Wall Street estimates as customers pulled back on discretionary spending, and it said U.S. tariffs would squeeze its margins in the current quarter. Shares of the company were down about 2% in extended trading. Inflationary prices and uncertainty arising from the Trump administration’s …

Gap misses quarterly sales estimates on soft apparel demand, warns of tariff hit Read More »

(Reuters) -Walgreens on Thursday named retail veteran Mike Motz as its chief executive officer after the U.S. pharmacy chain was taken private by Sycamore Partners, marking a fresh chapter for the company that has been struggling to keep pace with rivals. The management shake-up came on the heels of Sycamore’s roughly $10 billion acquisition of …

Walgreens names retail veteran Mike Motz as CEO after Sycamore takes chain private Read More »

WASHINGTON (Reuters) -The deal that struggling chipmaker Intel struck with President Donald Trump to give the U.S. government a 10% stake in the company is still under discussion, the White House said on Thursday. White House press secretary Karoline Leavitt told reporters the deal was a “creative solution” proposed by Trump that the Department of …

White House says US deal with Intel ‘still being ironed out’ Read More »

By Max A. Cherney (Reuters) -Intel received the $5.7 billion in cash on Wednesday night as part of the deal U.S. President Donald Trump negotiated for a 10% stake in the struggling chipmaker, finance chief David Zinsner said at an investor conference on Thursday. The stake in Intel announced by the U.S. government last week …

Intel says it received US grant; government says it is still working on deal Read More »

(Reuters) -Paramount’s CBS News on Thursday named veteran broadcast and cable news journalist Kim Harvey as top producer of its flagship nightly newscast, “CBS Evening News,” making her only the second woman to helm the 77-year-old broadcast. Harvey, who joined CBS News in 2017, is succeeding Guy Campanile and steps into the executive producer role …

Kim Harvey named executive producer of ‘CBS Evening News’ Read More »