Reuters US Business

By Alexandra Alper and Courtney Rozen WASHINGTON (Reuters) -Roughly 154,000 federal employees have taken buyouts offered by the Trump administration this year, part of a broader push to slim the federal workforce, a person familiar with the matter said on Thursday.  The resignations, which amount to 6.7% of the civilian federal workforce, are the result …

About 154,000 federal workers took Trump administration’s buyout offers, source says Read More »

By Hannah Lang and Douglas Gillison (Reuters) -The head of the U.S. securities regulator unveiled sweeping plans to overhaul capital markets regulations on Thursday to accommodate cryptocurrencies and blockchain-based trading, in a major win for the digital asset industry, which has long pushed for tailored rules.  Securities and Exchange Commission Chair Paul Atkins laid out …

US securities regulator lays out sweeping plans to accommodate crypto Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. inflation increased in June as tariffs boosted prices for imported goods like household furniture and recreation products, supporting views that price pressures would pick up in the second half of the year and delay the Federal Reserve from resuming cutting interest rates until at least October. The report from …

US inflation warms up in June as tariffs boost some goods prices Read More »

By David Shepardson WASHINGTON (Reuters) -Democratic Senator Ed Markey on Thursday proposed new national security safeguards that would ensure TikTok could remain online as the fate of the short video app used by 170 million Americans remains uncertain. Congress last year passed legislation to force China’s ByteDance to divest TikTok by January 19 or face …

Democratic senator proposes new safeguards to keep TikTok online Read More »

LONDON/NEW YORK (Reuters) -Americans shopping for secondhand, vintage or handmade items on platforms like eBay and Etsy face steep customs duties on international purchases next month, potentially hurting trade on those peer-to-peer sites. In a surprise move late on Wednesday, U.S. President Donald Trump ordered the removal of “de minimis” duty-free treatment on parcels under …

US end of parcel tax relief threatens eBay, Etsy trade Read More »

By Puyaan Singh and Siddhi Mahatole (Reuters) -AbbVie said on Thursday its tariff exposure is not expected to exceed that of rivals, and raised its 2025 profit forecast citing strong sales of its newer immunology drugs Skyrizi and Rinvoq. CEO Robert Michael said AbbVie is “fairly insulated” from any tariff impact this year given “inventory …

AbbVie sees no outsized tariff exposure, boosts profit forecast Read More »

By Sumit Saha (Reuters) -Utility firm PG&E Corp on Thursday narrowly missed Wall Street estimates for second-quarter profit, hit by an increase in operating and maintenance costs. The company said its total operating and maintenance costs rose 3.7% to $2.86 billion, adding that wildfire-related claims, net of recoveries and the utility’s wildfire fund expense increased …

PG&E misses profit estimates hit by higher operating, maintenance costs Read More »