Reuters US Business

BYD’s July production falls for first time in 17 months as expansion spree slows

1 Aug 2025

BEIJING (Reuters) -BYD’s vehicle production fell 0.9% in July from a year earlier, ending a 16-month growth streak that has catapulted the Chinese automaker into the world’s largest electric vehicle maker. BYD made 317,892 electric vehicles and plug-in hybrids (PHEVs) globally last month, while sales edged up 0.6% to 344,296 vehicles, slowing sharply from a …

BYD’s July production falls for first time in 17 months as expansion spree slows Read More »

Design software maker Figma extends gains after blockbuster NYSE trading debut

1 Aug 2025

By Manya Saini (Reuters) -Design software maker Figma’s shares surged another 20% in morning trading on Friday, extending strong debut-day gains after a blowout U.S. initial public offering that has reignited the tech listing market. The San Francisco, California-based company’s shares closed at $115.5 on Thursday, compared with its IPO price of $33. The 250% …

Design software maker Figma extends gains after blockbuster NYSE trading debut Read More »

Kleenex tissue maker Kimberly-Clark’s sales jump on strong volumes

1 Aug 2025

By Neil J Kanatt and Savyata Mishra (Reuters) -Kimberly-Clark’s second-quarter organic sales rose as the Kleenex tissue maker recorded its best volume growth in five years amid lower prices, sending its shares up about 6% on Friday. The Dallas-based firm has broadened its portfolio to offer products from budget to premium price tiers, in an …

Kleenex tissue maker Kimberly-Clark’s sales jump on strong volumes Read More »

Instant View: US job growth sharply slows in July, unemployment rate ticks higher

1 Aug 2025

NEW YORK (Reuters) -U.S. job growth slower much more than expected in July, and the data from the prior month was revised sharply lower, indicating the labor market could be showing signs of stalling. Nonfarm payrolls increased by 73,000 jobs in July, after rising by a downwardly revised 14,000 in June, the Labor Department data …

Instant View: US job growth sharply slows in July, unemployment rate ticks higher Read More »

L3Harris, Joby Aviation partner to develop military aircraft

1 Aug 2025

(Reuters) -Defense firm L3Harris Technologies is working with air taxi maker Joby Aviation to develop a vertical take-off and landing aircraft for defense applications, the companies said on Friday. Flight testing for the new military-grade version of Joby’s VTOL aircraft is planned for fall 2025, with operational demonstrations expected in 2026. Joby’s gas turbine hybrid …

L3Harris, Joby Aviation partner to develop military aircraft Read More »

Trump: Fed board should assume control if Powell won’t lower interest rates

1 Aug 2025

WASHINGTON (Reuters) -U.S. President Donald Trump on Friday urged the Federal Reserve board to assume control if Fed Chair Jerome Powell continues to refuse to lower interest rates. “Jerome ‘Too Late’ Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE …

Trump: Fed board should assume control if Powell won’t lower interest rates Read More »

Colgate-Palmolive beats quarterly estimates on steady demand for essentials

1 Aug 2025

-Colgate-Palmolive beat first-quarter sales and profit estimates on Friday, as resilient demand for its essentials such as oral and personal care products overcame rising prices and tariff uncertainties. WHY IT’S IMPORTANT Colgate-Palmolive joined peers such as Procter & Gamble and Kimberly-Clark in posting upbeat sales growth, unlike the broader retail sector that has been struggling …

Colgate-Palmolive beats quarterly estimates on steady demand for essentials Read More »

T. Rowe Price quarterly profit beats estimates on boost from market rally

1 Aug 2025

(Reuters) -Asset manager T. Rowe Price beat second-quarter profit expectations on Friday as a rebound in equities boosted its assets under management and softened the hit from outflows. WHY IT’S IMPORTANT Stock markets bounced back sharply in the second half of the quarter after tariff-driven turmoil in April as progress on trade negotiations eased recession …

T. Rowe Price quarterly profit beats estimates on boost from market rally Read More »

Close Bitnami banner
Bitnami