Reuters US Business Archives - Page 398 of 2312

Wall Street ends down as traders focus on Nvidia, Fed after last week’s rally

26 Aug 2025 26 Aug 2025

By Noel Randewich (Reuters) -Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia’s quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close. On Friday, stocks jumped after U.S. …

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Fed’s Williams says low neutral interest rate era is not over

26 Aug 2025 26 Aug 2025

By Michael S. Derby (Reuters) -Federal Reserve Bank of New York President John Williams said Monday that the era of persistently low underlying interest rates does not appear to be over, based on his reading of the data. Williams, whose comments came from the text of a speech prepared for a conference in Mexico City, …

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Fox channels may go dark on YouTube TV from Wednesday over payment dispute

26 Aug 2025 26 Aug 2025

(Reuters) -YouTube said on Monday it is in talks to renew a content partnership with Fox, but the media company is asking for payments above those received by partners providing comparable content. “If we are unable to reach a new agreement by 5:00 PM ET on August 27, Fox channels including Fox Sports, Business, and …

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Chile regulator raises bar to restart parts of Codelco mine after collapse

26 Aug 2025 26 Aug 2025

By Fabian Cambero SANTIAGO (Reuters) -Chile’s mining regulator Sernageomin is raising its requirements for copper giant Codelco to restart areas of its flagship El Teniente mine after a deadly collapse, according to a document seen by Reuters on Monday. The document said Sernageomin will require a follow-up and monitoring plan for the stability and safety …

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Banco do Brasil urges legal action over social media posts on US sanctions

26 Aug 2025 26 Aug 2025

By Marcela Ayres BRASILIA (Reuters) -Banco do Brasil has asked Brazil’s solicitor general to act against false claims that allege it is poised to face sanctions by the U.S. government because one of its clients is a judge sanctioned under the U.S. Magnitsky Act, according to a document dated Friday and seen by Reuters. The state-run lender …

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South American bloc Mercosur and Canada to resume talks for free-trade agreement

26 Aug 2025 26 Aug 2025

BRASILIA (Reuters) -Canada and South American bloc Mercosur will resume negotiations for a free-trade agreement, Brasilia and Ottawa announced on Monday after a meeting in Brazil’s capital. Mercosur, whose rotating presidency is currently held by Brazil, is a major exporter of beef, soybeans and minerals. Besides Brazil, the bloc includes Argentina, Uruguay and Paraguay, while …

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Tesla rejected $60 million settlement before losing $243 million Autopilot verdict

25 Aug 2025 25 Aug 2025

By Mike Scarcella (Reuters) -Billionaire Elon Musk’s electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case. Lawyers for the plaintiffs disclosed the settlement proposal in a filing on …

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Saudi’s Humain to launch data centers with US chips in early 2026, Bloomberg News reports

25 Aug 2025 25 Aug 2025

(Reuters) -Humain, Saudi Arabia’s new artificial intelligence company, has begun construction of its first data centers in the kingdom, and plans to bring them online in early 2026 using semiconductors imported from the U.S., Bloomberg News reported on Monday. Locations in Riyadh, Saudi Arabia’s capital, and Dammam, in the Eastern Province, are expected to launch …

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Brown-Forman’s finance boss Leanne Cunningham to retire next year

25 Aug 2025 25 Aug 2025

(Reuters) -Brown-Forman said on Monday its Chief Financial Officer Leanne Cunningham is set to retire in May next year. Cunningham has been with the Jack Daniel’s maker for three decades, serving various executive roles before being named CFO in 2021. The move comes as the company battles with weak demand amid muted consumer spending and …

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US Interior Department proposes adding copper to critical minerals list

25 Aug 2025 25 Aug 2025

WASHINGTON (Reuters) -The U.S. on Monday proposed adding copper and potash among others to the draft critical minerals list for 2025, for their importance to the economy and national security. The Geological Survey, a branch of the U.S. Department of the Interior, released the draft list in the Federal Register and it will be open …

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