Reuters US Business

By Savyata Mishra (Reuters) -Deckers Outdoor topped estimates for first-quarter results on Thursday, fueled by robust demand in international markets such as Europe and China for its Hoka and UGG brands, sending shares of the footwear maker up about 9% in extended trading. Deckers has been rapidly expanding its international presence, in an effort to …

Hoka-parent Deckers beats quarterly estimates boosted by demand in Europe, China Read More »

By Vallari Srivastava (Reuters) -Newmont surpassed Wall Street expectations for second-quarter profit as the world’s top gold miner benefited from a rally in bullion prices, sending its shares 4% higher in extended trading on Thursday. Prices of the precious metal have consistently set record highs over the past few quarters, as uncertainty over U.S. President …

Gold miner Newmont’s quarterly profit beats estimates as bullion rallies Read More »

By David Shepardson OSHKOSH, Wisconsin (Reuters) -The head of the Federal Aviation Administration said Boeing has not yet asked the agency to remove a 38-plane per month cap on 737 MAX production and will review the planemaker’s supply chain before making any decision. The FAA imposed the production cap shortly after a January 2024 mid-air …

FAA to review Boeing supply chain before approving hike to 737 MAX production Read More »

By Sabrina Valle (Reuters) -Union Pacific, the largest U.S. railroad operator, said on Thursday it is in advanced talks with rival Norfolk Southern, signaling that a deal to form a $200 billion coast-to-coast rail company could be close – and potentially trigger further consolidation among remaining freight rail giants. The combination, which would be the …

Union Pacific talks advance, regulator readies for historic rail merger review Read More »

(Reuters) -U.S. publisher McGraw Hill, backed by investment firm Platinum Equity, said on Wednesday it had raised $414.63 million in its initial public offering in the United States. The company sold 24,390,000 shares, priced at $17 each, below its marketed range of $19 to $22. The offering valued McGraw at $3.25 billion. The IPO market …

Publisher McGraw Hill raises $415 million in US IPO Read More »

By Siddharth Cavale NEW YORK (Reuters) -Walmart unveiled plans on Thursday to roll out a suite of AI-powered “super agents” designed to improve the shopping experience for customers and streamline operations. The world’s largest retailer said the four agents powered by agentic AI – designed for Walmart shoppers, store employees, suppliers and sellers, and software …

Walmart bets on AI super agents to boost e-commerce growth  Read More »

By Chris Kirkham, Akash Sriram and Abhirup Roy LOS ANGELES (Reuters) -Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground. On Wednesday’s earnings call, Musk said Tesla is “getting the regulatory …

Analysis-Tesla faces difficult road ahead as it hopes robotaxis will offset declining sales Read More »