Reuters US Business

By Jaspreet Singh (Reuters) -Applied Materials forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers facing uncertainty due to tariffs, sending its shares down nearly 13% in extended trading. President Donald Trump’s ongoing tariff negotiations and certain export restrictions to China have made it more …

Applied Materials’ forecast hit by China pause, export‑license woes; shares down 13% Read More »

By Ana Mano SAO PAULO (Reuters) -Brazilian food processor BRF, the world’s largest chicken exporter, said on Thursday it earned 735 million reais ($136 million) in the second quarter despite disruptions from a bird flu outbreak in May that triggered trade bans. The company, which also processes pork and prepared food products, said earnings before …

Brazil’s BRF dodges bird flu trade disruptions, posts Q2 gains Read More »

By Saeed Azhar, Johann M Cherian and Sanchayaita Roy NEW YORK (Reuters) -Wall Street’s main indexes were mixed on Thursday with S&P 500 edging up to a closing high, while the Dow Jones and Nasdaq were flat, after a hotter-than-expected producer prices report dampened expectations of potential interest-rate cuts. A Labor Department report showed producer …

Wall Street ends flat, but S&P hits another closing high as rate-cut bets waver Read More »

By Kritika Lamba and Krystal Hu (Reuters) -Canadian AI startup Cohere was valued at $6.8 billion following its latest $500 million funding round, as it seeks to expand its market share in a highly competitive industry of selling AI to enterprises. The funding round was led by Radical Ventures and Inovia Capital, with participation from …

AI startup Cohere valued at $6.8 billion in latest fundraising, hires Meta exec  Read More »

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway disclosed on Thursday a new investment in UnitedHealth Group after the insurer became a target for many Americans upset over the direction of the nation’s healthcare. Berkshire said it owned 5.04 million UnitedHealth shares worth about $1.57 billion as of June 30. The disclosure came in a …

Berkshire invests in UnitedHealth, trims Apple stake Read More »

By Jody Godoy (Reuters) -Two Republican U.S. senators called for a congressional investigation into Meta Platforms on Thursday after Reuters exclusively reported on an internal policy document that permitted the company’s chatbots to “engage a child in conversations that are romantic or sensual.”  Meta confirmed the document’s authenticity, but said that after receiving questions earlier …

US senators call for Meta probe after Reuters report on its AI policies Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. producer prices increased by the most in three years in July amid a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent, posing a dilemma for the Federal Reserve. The stronger-than-expected producer inflation report from the Labor Department on Thursday followed data …

US producer inflation heats up as goods, services prices soar Read More »

By Ann Saphir and Howard Schneider (Reuters) -A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next month and leaving the tension between the U.S. central bank and the White House unresolved. The Producer …

Hot wholesale prices data puts wrinkle in Fed’s rate-cut roadmap Read More »

(Reuters) -The U.S. Federal Trade Commission is probing complaints about telehealth platform Hims & Hers regarding its advertising and cancellation practices, according to a Bloomberg News report citing people familiar with the matter. Hims stock was down 5% in extended trading on Thursday. A spokesperson for Hims did not immediately respond to a request for …

US FTC investigating Hims & Hers over advertising and cancellation practices, Bloomberg News reports Read More »