Reuters US Business

By Gursimran Mehar and Shivani Tanna (Reuters) -U.S. carrier Alaska Airlines resumed operations late on Sunday after briefly grounding all of its flights for about three hours due to an IT outage, marking the second time it has halted its fleet in just over a year. The company requested a system-wide ground stop for Alaska …

Alaska Airlines resumes operations after IT outage Read More »

SHANGHAI (Reuters) -A publication of China’s top auto industry association said on Monday that its report about China’s industry ministry planning to ban the resale of cars within six months of their initial registration was “inaccurate”, and it deleted that line from its story. Auto Review, the official media outlet run by the China Association …

China auto industry group publication corrects report on ‘zero-mileage’ crackdown plans Read More »

By Vidya Ranganathan SINGAPORE (Reuters) -Japan’s upper house election on Sunday dealt a big blow to the ruling coalition and sets markets up for possible policy paralysis and a bigger fiscal deficit, much of which is already priced in, analysts said. The nation’s ruling coalition lost control of the upper house, further weakening Prime Minister …

Japan ruling party’s election loss is in the price, investors say Read More »

By Karen Freifeld WASHINGTON (Reuters) -The head of a House of Representatives panel on China told U.S. Commerce Secretary Howard Lutnick that resuming sales of Nvidia’s H20 chips to China threatens to advance Beijing’s AI capability, stepping up his criticism of the decision and saying the original ban was “the right call.” Republican Representative John …

Top Republican on China panel objects to resumption of Nvidia H20 chip shipments Read More »

BEIJING (Reuters) -China’s exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.S. trade deal. Outbound shipments to the United States from the world’s largest …

China’s exports of rare earth magnets to the US surge in June Read More »

By Lewis Krauskopf NEW YORK (Reuters) -The industrial sector has led the way for U.S. equities during a topsy-turvy year on Wall Street, but its strength will be tested as earnings season heats up. S&P 500 industrials, which include aerospace companies, electrical equipment and machinery makers, transportation firms and building products companies, have gained 15% …

Industrial sector’s gains to be tested as earnings ramp up Read More »

By Bhanvi Satija (Reuters) -U.S. regulators asked Sarepta Therapeutics on Friday to voluntarily halt shipments of its Elevidys gene therapy after a muscular dystrophy patient who received a different, experimental treatment died, but the company said it would not do so. The Food and Drug Administration announced the move, confirming an earlier Reuters report, after …

Sarepta says it won’t comply with FDA request to stop shipping gene therapy Elevidys Read More »

By David French (Reuters) -The S&P 500 and Nasdaq Composite ended little changed on Friday, overcoming a brief dip triggered by a Financial Times report indicating U.S. President Donald Trump was pushing for steep new tariffs on European Union products. The FT report, which said the Trump administration was eyeing a minimum tariff of between …

S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling Read More »