Reuters US Business

By Michael S. Derby NEW YORK, Dec 17 (Reuters) – Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he would “absolutely” defend the U.S. central bank’s independence if it were challenged. …

Ahead of Trump meeting, Waller says he ‘absolutely’ would defend Fed independence Read More »

LONDON, Dec 17 (Reuters) – U.S. private equity giant Carlyle has hired Goldman Sachs to work on its bid for Lukoil assets, two sources familiar with the matter told Reuters on Wednesday, as the race for the sanctioned Russian oil firm’s overseas portfolio heats up. At least a dozen potential suitors have expressed interest in …

Carlyle hires Goldman Sachs for Lukoil asset bid Read More »

By Abhirup Roy and Chris Kirkham SAN FRANCISCO, Dec 16 (Reuters) – A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities. The Department of Motor Vehicles (DMV) ordered the …

California regulator puts Tesla sales suspension order on hold Read More »

By Douglas Gillison WASHINGTON, Dec 17 (Reuters) – The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump’s administration has said prevents it from funding the sole federal watchdog for consumer financial protection, according to court records. The request …

Trump administration asks Fed to clarify CFPB funding availability Read More »

By Michael S. Derby NEW YORK, Dec 17 (Reuters) – Federal Reserve Governor Christopher Waller said on Wednesday the U.S. central bank still has room to cut interest rates amid rising job market weakness. “I still think we’re probably, you know, maybe we’re 50 to 100 basis points off of neutral,” which means the Fed …

Waller says Fed policy still in restrictive territory, sees room to cut rates Read More »

By Howard Schneider WASHINGTON, Dec 17 (Reuters) – U.S. corporate finance chiefs continue to cite tariffs as a top concern and on average see prices rising more than 4% next year, according to a survey released on Wednesday that may add to Federal Reserve concerns that current price pressures will keep it from reaching its …

Finance chiefs see US prices rising next year, tariffs still a top concern Read More »

By David Shepardson WASHINGTON, Dec 17 (Reuters) – The U.S. Postal Service said on Wednesday it is seeking to boost revenue from its “last-mile” delivery network to major retailers and shippers as it warned of a looming financial crunch and said it could run out of cash as soon as early 2027. U.S. Postmaster General …

US Postal Service pursues new delivery revenue to stave off 2027 cash crunch Read More »

By Dawn Chmielewski and Milana Vinn LOS ANGELES, Dec 17 (Reuters) – Warner Bros Discovery’s board spurned Paramount Skydance’s $108.4 billion hostile takeover bid on Wednesday, calling the offer “illusory” as it accused the studio giant of misleading shareholders about its financing. Paramount and Netflix have been in a race to win control of Warner …

Warner Bros Discovery board rejects rival bid from Paramount Read More »