Reuters US Business

By Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Donald Trump said on Wednesday he would likely in the next two to three days nominate a candidate, out of a short-list of three, to serve the remaining months of a soon-to-be-vacant position on the Federal Reserve’s Board of Governors, leaving the choice of a …

Trump says he will pick a ‘temp’ replacement for Fed’s Kugler in days Read More »

By Akash Sriram (Reuters) -Uber is in talks with private equity firms and banks to secure funds to build its robotaxi business, CEO Dara Khosrowshahi said, as the ride-hailing giant bets on a mass roll-out of the nascent and much-scrutinized technology. Uber, which offers robotaxis from Alphabet-owned Waymo, has been strengthening its foothold in the …

Uber in talks with banks, private equity firms to fund robotaxi expansion Read More »

By Jonathan Stempel (Reuters) -Prudential Financial reached a $100 million settlement to resolve U.S. Federal Trade Commission civil charges that its Assurance IQ unit misled consumers into buying healthcare plans that did not provide the promised coverage. A settlement with Assurance, which Prudential shut down last year, was filed on Wednesday in federal court in …

Prudential in $100 million US FTC settlement over unit’s healthcare promises Read More »

By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Airbnb on Wednesday forecast weaker growth for the rest of the year, with the company blaming the trend on tough comparisons with the year-ago period when strong bookings in Asia and Latin America had boosted earnings. Shares of the vacation rentals company fell more than 6% after the …

Airbnb expects slower growth in second half of 2025; shares fall Read More »

By Promit Mukherjee OTTAWA (Reuters) -Steve Mallia’s Toronto-based telescope accessory business was thriving until March when the Trump administration imposed a 25% tariff on U.S.-bound orders that do not comply with local content rules under the U.S.-Mexico-Canada Agreement. The tariff, imposed soon after U.S. President Donald Trump took office in January, effectively stopped Mallia’s StarField …

Trump tariffs cost small Canadian firms as big business, oil enjoy exemptions Read More »

By Kritika Lamba (Reuters) -Bumble’s paying users fell in the second quarter, the dating app operator said on Wednesday, clouding hopes of a quick turnaround and sending its shares slumping 8% in extended trading. The company, which operates an eponymous app, has turned to artificial intelligence to combat the “dating fatigue” that has plagued the …

Bumble’s paying user drop sparks concerns over pace of AI-driven revamp Read More »

(Reuters) -Elf Beauty said on Wednesday it expects a smaller core profit margin for the first half of fiscal 2026 due to higher tariff costs, clouding gains from an upbeat first quarter. Shares of the company, which refrained from providing fiscal 2026 forecasts for the second time in a row, were down about 11% after …

Elf Beauty sees smaller core profit margin in first half of fiscal 2026 on tariff costs Read More »