Reuters US Business

Dollar General lifts targets as pressured Americans shop for cheaper essentials

28 Aug 2025

By Juveria Tabassum and Sanskriti Shekhar (Reuters) -Dollar General raised its annual forecasts on Thursday, banking on its same-day delivery partnerships and store remodels to help capture increased demand from value-seeking consumers from mixed income tiers in the United States. Shoppers across income categories have been heading to dollar and discount stores for cheaper groceries, …

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UAW union declares victory at Ford JV battery plant in Kentucky, but challenge ballots remain

28 Aug 2025

By Nora Eckert DETROIT (Reuters) -The United Auto Workers said on Wednesday it won a vote at a Ford joint-venture plant in Kentucky to unionize, but the remaining challenge ballots could change the outcome.  There were 526 votes for the union and 515 against, the National Labor Relations Board confirmed, with 41 challenge ballots remaining.  …

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Reactions to Nvidia’s mixed outlook, China uncertainty

28 Aug 2025

(Reuters) -Nvidia investors accustomed to blowout forecasts were left divided after the AI chip giant excluded some China sales from its current-quarter guidance in the face of a trade war between Washington and Beijing. The company’s shares fell about 2% on Thursday, even as CEO Jensen Huang dismissed concerns about the AI spending boom sputtering. …

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Stellantis extends reduced hours scheme at historic Italian Turin plant

28 Aug 2025

ROME (Reuters) -Automaker Stellantis on Thursday signed a deal with unions to extend for five months a reduced working hours scheme for workers at its historic Mirafiori plant in northern Italy. The agreement, allowing the company to trim labour costs at a time of soft demand for cars it makes in Italy, mirrors others signed …

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Snowflake shares surge as AI boom fuels demand for data platforms

28 Aug 2025

By Akash Sriram (Reuters) -Snowflake shares jumped about 19% on Thursday riding a wave of demand for the firm’s artificial intelligence database products, as companies race to modernize their data infrastructure and simplify AI adoption. The stock move is set to add more than $12.5 billion to its $67 billion market capitalization, if gains hold. …

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US pending home sales ease in July

28 Aug 2025

WASHINGTON (Reuters) -Contracts to buy previously owned U.S. homes fell more than expected in July as higher mortgage rates and a slowing labor market sidelined prospective homeowners. The National Association of Realtors said on Thursday pending home sales, based on signed contracts, slipped 0.4% last month. Economists polled by Reuters had forecast contracts, which become …

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Aurora partners with McLeod Software to manage autonomous truck shipments

28 Aug 2025

(Reuters) -Aurora Innovation will integrate its self-driving trucking platform into McLeod Software’s transportation management system in an effort to boost adoption, the companies said on Thursday. An API integration to Aurora’s technology will allow mutual customers to manage autonomous shipments with McLeod’s TMS software. “By meeting customers where they are within their existing TMS, we’re …

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Jack Daniel’s maker Brown-Forman posts quarterly sales beat

28 Aug 2025

(Reuters) -Jack Daniel’s maker Brown-Forman beat Wall Street estimates for first-quarter sales on Thursday, on the back of steady demand for its ready-to-drink beverages and spirits. Shares of the company rose about 4% in premarket trading, having also reiterated its annual forecast. The popularity of the company’s premium-priced whiskey brands, Jack Daniel’s, Old Forester and …

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Erosion of Fed independence would lead to higher inflation, ECB’s Rehn says

28 Aug 2025

By Anne Kauranen HELSINKI (Reuters) -U.S. President Donald Trump’s escalating attacks on the Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, including higher inflation, ECB policymaker Olli Rehn said on Thursday. Questions over the independence of the Fed, the world’s most important monetary authority, have arisen …

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