Reuters US Business Archives - Page 457 of 2312

US lenders weighed reputation rules, not politics, in closing accounts, sources say

7 Aug 2025 7 Aug 2025

By Nupur Anand and Saeed Azhar NEW YORK (Reuters) -Decisions by some major U.S. banks to close accounts were based on rules around reputational risk, people familiar with the matter said, pushing back on President Donald Trump’s accusation that he and his conservative supporters were denied services for political reasons. Trump on Tuesday renewed his …

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Ford raises projected tariff hit to results, shares drop 3%

7 Aug 2025 7 Aug 2025

(In second paragraph, corrects July 30 article to show impact of tariffs on Ford is on pretax adjusted profit, instead of gross revenue) By Nora Eckert and Nathan Gomes DETROIT (Reuters) -Ford Motor said on Wednesday that U.S. tariffs on imported vehicles, as well as on steel and aluminum, will likely cost more than expected …

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Analysis-ESPN-NFL deal faces regulatory hurdles

7 Aug 2025 7 Aug 2025

By Jody Godoy and Dawn Chmielewski LOS ANGELES (Reuters) -The National Football League’s deal with Walt Disney in which it will gain an equity stake in ESPN in return for prime media assets is expected to face scrutiny from the U.S. Department of Justice, according to legal experts and industry sources. The agreement, announced late …

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Airbnb dips as slower growth outlook renews fears of travel demand slowdown

7 Aug 2025 7 Aug 2025

(Reuters) -Shares of Airbnb slumped more than 7% on Thursday after the company forecast slower growth in the second half of the year, disappointing investors of the sector expecting a rebound in travel demand after strong outlooks from major travel firms. The vacation home rental’s gloomy outlook came as setback to the industry, which saw …

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Targa Resources beats profit estimates on record gas volumes, boosts share buyback program

7 Aug 2025 7 Aug 2025

(Reuters) -Pipeline operator Targa Resources beat second-quarter adjusted core profit estimates, driven by record-high volumes of natural gas and natural gas liquids transported through its system. The company also announced a new $1.0 billion share repurchase program in addition to its previous $1 billion plan. Shares were up 2.6% at $167.32 in premarket trading. Demand …

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Ripple to buy stablecoin platform Rail for $200 million

7 Aug 2025 7 Aug 2025

By Hannah Lang (Reuters) -Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrency tokens are about to enter the mainstream. Ripple, a crypto company that is closely associated with the token XRP and issues its own …

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Martin Marietta second-quarter profit rises on infrastructure demand

7 Aug 2025 7 Aug 2025

(Reuters) -Martin Marietta Materials posted a 12% rise in second-quarter profit on Thursday, aided by stronger pricing and infrastructure demand. Higher demand for data centers powering artificial intelligence has helped boost construction activity. Construction firms have also benefited from former U.S. President Joe Biden’s Infrastructure Investment and Jobs Act, which outlined $1 trillion in investments. …

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Froot Loops maker WK Kellogg reports downbeat quarterly results on demand decline

7 Aug 2025 7 Aug 2025

(Reuters) -WK Kellogg reported second-quarter results below estimates on Thursday, hurt by soft demand for its packaged breakfast cereal amid macroeconomic uncertainty. Customers have cut back spending on branded packaged food and are seeking cheaper alternatives at private-label brands amid pressures on consumer spending driven by U.S. President Donald Trump’s fluctuating tariff policies. The cereal …

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Lilly raises full-year earnings forecasts on surging demand for weight-loss drug

7 Aug 2025 7 Aug 2025

By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly raised its full-year profit and sales forecast on Thursday, betting on surging demand for its blockbuster weight-loss drug, Zepbound, as it targets new markets and looks to grab more share from Novo Nordisk’s Wegovy. However, shares of the U.S. drugmaker fell over 10% to $671.54 in …

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Morning Bid: Tariffs hit, Apple rises

7 Aug 2025 7 Aug 2025

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Wall Street and global stocks rose on Thursday, as Apple’s domestic investment push, dovish noises on interest rates and a generally upbeat earnings season trumped chip stock hits and the arrival of the U.S. …

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