Reuters US Business

By Shankar Ramakrishnan and Matt Tracy (Reuters) -Investors have begun to de-risk their equity portfolios and buy more investment-grade corporate bonds as U.S. stock indices near new record highs, in turn pushing corporate borrowing costs to their tightest levels since 1998 for the second time in eight months. Credit spreads have recovered since they were …

Analysis-De-risking mood adds more demand for US corporate bonds Read More »

By Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell is a “numbskull” who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday. “I think he’s done a bad job, but he’s going to be out pretty …

Trump says Fed’s Powell will be out in 8 months, calls him a ‘numbskull’ Read More »

By Mike Stone WASHINGTON (Reuters) -The Trump administration is expanding its search for partners to build the Golden Dome missile defense system, courting Amazon.com’s Project Kuiper and big defense contractors as tensions with Elon Musk threaten SpaceX’s dominance in the program, according to three sources familiar with the matter. The shift marks a strategic pivot …

Exclusive-Trump’s Golden Dome looks for alternatives to Musk’s SpaceX Read More »

(Reuters) -Elon Musk’s artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with …

Musk’s xAI to raise up to $12 billion in debt for AI expansion, WSJ reports Read More »

By Utkarsh Shetti and Mike Stone (Reuters) -Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S. defense group recorded a pretax loss of $1.6 billion, mainly linked to a classified program within its Aeronautics segment, sending its shares down more than 8%. The company also trimmed its 2025 …

Lockheed profit dives 80% on $1.6 billion charge, shares tumble Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. states have built less than 400 electric vehicle charging ports through April under $7.5 billion federal infrastructure programs, the Government Accountability Office said Tuesday. As of April 2025, 384 charging ports are operating at 68 stations in 16 states, GAO said, saying a joint office overseeing the program “has …

Less than 400 EV charging ports built under $7.5 billion U.S. infrastructure program Read More »

By Katha Kalia and Sumit Saha (Reuters) -Sherwin-Williams cut full-year adjusted profit forecast and missed second-quarter earnings estimate on Tuesday, hit by weak demand for its paint products. A sharp drop in new U.S. home sales has pressured demand for construction-related coatings, materials and paints. “Demand was softer than anticipated through June, and we do …

Paintmaker Sherwin-Williams cuts 2025 profit forecast on weak demand Read More »

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -A key driver of Tesla’s profit is disappearing fast as the U.S. government changes policies on an environmental asset known as regulatory credits. Investors are likely to have a number of questions for Chief Executive Elon Musk when Tesla reports second-quarter results on Wednesday. Among them are …

Tesla’s easy money from regulatory credits set to dry up amid weakening sales Read More »