Reuters US Business

By David Shepardson WASHINGTON (Reuters) -President Donald Trump and the Federal Communications Commission have vowed to force American broadcast media outlets to make significant changes. CBS may be just the beginning. “President Trump is fundamentally reshaping the media landscape,” FCC Chair Brendan Carr told CNBC Friday. “The media industry across this country needs a course …

Trump, FCC want to reshape the media landscape starting with CBS Read More »

By Noel Randewich (Reuters) -The S&P 500 and Nasdaq notched record high closes on Friday, lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will …

S&P 500, Nasdaq close at records; Deckers soars on UGG demand Read More »

By Sriparna Roy and Sneha S K (Reuters) – Centene expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026, it said on Friday, sending its shares up 5% and reversing previous premarket losses. The comments followed the health insurer’s surprise quarterly loss and a forecast for annual profit below Wall …

Centene posts loss but promises profitability gains in 2026, shares rise Read More »

(Corrects paragraph 4 to reflect that Michael Hunter was an advisor to Navy SEALs but was not a SEAL) By Stephen Nellis SAN FRANCISCO (Reuters) -A startup founded by U.S. Navy veterans aiming to help the U.S. military use artificial intelligence to decipher data gathered by submarines has raised its first round of outside capital. …

Spear AI raises first round of funding to apply AI to submarine data Read More »

By Kanishka Singh, Peter Hobson and Tom Polansek WASHINGTON/CANBERRA/CHICAGO (Reuters) -President Donald Trump said the U.S. will sell “so much” beef to Australia after Canberra relaxed import restrictions on Thursday, but economists and traders said high prices and tight supplies make major American exports unlikely. Australia said it would loosen biosecurity rules for U.S. beef. The …

Economists doubt Trump outlook that US will sell ‘so much’ beef to Australia Read More »

(Corrects to say “northern regions” for Yukon and Northwest Territories in paragraph 20, not “northern provinces”) By Nivedita Balu TORONTO (Reuters) -Canadians are trading their annual vacation south of the border for road trips around Ottawa, the midnight sun in Yukon, whale watching in Nova Scotia or hiking in Banff. The newfound desire to stay …

Montreal over Miami: Patriotic Canadians change summer vacation plans Read More »

(Reuters) -Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of identifying investors, the chipmaker said on Friday, as new CEO Lip-Bu Tan looks to streamline its operations. Tan’s plan to rejuvenate the once-iconic chipmaker focuses on shedding non-core assets and reducing expenses by scaling …

Intel to separate networking unit as new CEO Tan overhauls business Read More »

By Nicole Jao and Tanay Dhumal (Reuters) -Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses. Shares of Phillips 66 were up around 0.8% at 2 p.m. EDT. Top U.S. refiners were expected to post higher second-quarter profit, rebounding from losses in the …

Phillips 66 profit beats estimates on higher refining margins Read More »