Reuters US Business Archives - Page 505 of 2312

Candy giant Mars to invest $2 billion more in US manufacturing through 2026

29 Jul 2025 29 Jul 2025

(Reuters) -Candy and snacks giant Mars on Tuesday announced plans to invest $2 billion more in its U.S. operations through next year to bolster the company’s ongoing efforts to expand manufacturing in the country. The Twix and MilkyWay chocolate maker has already invested more than $6 billion in U.S. manufacturing in the last five years …

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Bond investors warm to risk, with Fed staying put in ‘Goldilocks’ economy

29 Jul 2025 29 Jul 2025

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are adding portfolio risk after a long period of caution, seeing the U.S. economy in a “Goldilocks” moment, not too hot nor too cold, as they bet the Federal Reserve will leave rates unchanged for a fifth straight policy meeting. Investors are buying more corporate bonds and …

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Fed’s policy toolkit may be headed for fundamental changes

29 Jul 2025 29 Jul 2025

By Michael S. Derby (Reuters) -A U.S. senator’s recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle over who will succeed Fed Chair Jerome Powell point to a future where some of the tools policymakers use to influence the economy come under greater scrutiny. …

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Blackstone closes Manhattan offices after Monday’s mass shooting, source familiar says

29 Jul 2025 29 Jul 2025

NEW YORK (Reuters) -Investment company Blackstone said its Manhattan offices will be closed Tuesday after Monday’s mass shooting that killed several people, a source familiar with the matter told Reuters. (Reporting by Saeed Azhar in New York, Editing by Louise Heavens)

Barclays profit rises 23% as Trump tariff turmoil lifts trading

29 Jul 2025 29 Jul 2025

By Lawrence White and Stefania Spezzati LONDON (Reuters) -Barclays’ first-half profit rose by a better-than-expected 23%, the British bank said on Tuesday, as its markets business reaped bumper returns from the frenzied trading activity sparked by U.S. President Donald Trump’s trade tariffs. Pretax profit for the January-June period totalled 5.2 billion pounds ($6.9 billion), above …

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Meta’s year of bold ‘superintelligence’ bets unlikely to pump profits

29 Jul 2025 29 Jul 2025

By Jaspreet Singh and Aditya Soni (Reuters) -It’s crunch time for Mark Zuckerberg as he pulls out all the stops to stay relevant in Silicon Valley’s intensifying advanced artificial intelligence race. The Meta CEO has sparked a billion-dollar talent war, aggressively poaching researchers from rivals including OpenAI. But as Meta’s spending rises, so does the …

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Nvidia-backed Enfabrica releases system aimed at easing memory costs

29 Jul 2025 29 Jul 2025

By Stephen Nellis SAN FRANCISCO (Reuters) -Enfabrica, a Silicon Valley-based chip startup working on solving bottlenecks in artificial intelligence data centers, on Tuesday released a chip-and-software system aimed at reining in the cost of memory chips in those centers. Enfabrica, which has raised $260 million in venture capital to date and is backed by Nvidia, …

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Railroad operator Norfolk Southern’s quarterly profit rises

29 Jul 2025 29 Jul 2025

(Corrects to add dropped word “adjusted” in paragraph 2) (Reuters) -Norfolk Southern reported a rise in its second-quarter profit on Tuesday, aided by higher revenue from improved volumes.The East Coast railroad operator’s quarterly adjusted profit rose to $3.29 per share, from $3.06 per share a year earlier. (Reporting by Anshuman Tripathy in Bengaluru; Editing by …

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Factbox-Major rail mergers that reshaped the US freight network

29 Jul 2025 29 Jul 2025

(Reuters) -Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country’s first coast-to-coast freight rail operator. Such mergers have historically reshaped the rail map, consolidating regional carriers into some dominant networks, but often come under intense scrutiny from the Surface Transportation Board. Landmark mergers in …

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Spain’s watchdog expands probe into Apple over App Store pricing

29 Jul 2025 29 Jul 2025

MADRID (Reuters) -Spain’s antitrust regulator said on Tuesday it was expanding its investigation into possible anti-competitive behaviour by Apple for allegedly imposing unequal commercial conditions on developers of mobile applications sold at its app marketplace. The wider probe by the CNMC will examine whether the tech giant established a pricing schedule that developers must follow …

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Reuters US Business