Reuters US Business

By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines said on Wednesday travel demand has picked up since the beginning of July, thanks to less geopolitical and macroeconomic uncertainty. The Chicago-based airline, however, expects its earnings to suffer in the current quarter due to operational constraints at Newark airport near New York City – one of …

United Airlines reports increased demand but Newark constraints hurt earnings Read More »

By Tom Hals WILMINGTON, Delaware (Reuters) -Facebook’s board was not trying to protect founder Mark Zuckerberg in 2019 when it agreed to pay a $5 billion regulatory fine to resolve claims over its privacy practices, but was instead focused on growth, a former company director testified on Wednesday. Jeffrey Zients, White House chief of staff …

Trial begins as Meta investors try to recoup $8 billion over privacy claims payout Read More »

By Howard Schneider WASHINGTON (Reuters) -Recent data on consumer inflation showed price pressures may be building in the wake of rising import taxes imposed by the Trump administration, Atlanta Fed President Raphael Bostic said on Wednesday. “We may be at an inflection point,” Bostic said in comments to Fox Business’ Claman Countdown, a day after …

Fed’s Bostic: Recent data show price pressures may be building -Fox Business Read More »

(Reuters) -A federal judge on Wednesday dismissed a proposed class action over Amazon.com’s decision to begin showing commercials on its Prime Video service unless subscribers paid a $2.99 monthly opt-out fee. Subscribers who paid $139 a year for Prime Video said Amazon had led them to believe the service would remain ad-free. They said the …

Amazon.com defeats lawsuit by Prime Video subscribers over commercials Read More »

MUNICH (Reuters) -Allianz’s fund management arm AGI can resume business in the United States after being forced to exit the market following a fraud scandal, the German company’s CEO said, helping draw a line under a bleak period for the German financial giant. In 2022, Allianz agreed to pay more than $6 billion and its …

Allianz’s fund arm AGI can resume business in US, CEO says Read More »

MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Wednesday that she had spoken with Canadian Prime Minister Mark Carney and that the two had agreed to strengthen trade collaboration, particularly in light of the tariffs from U.S. President Donald Trump set to go in effect on August 1. “We both agreed that the (U.S.-Canada-Mexico) …

Mexico plans stronger trade collaboration with Canada after Trump tariff threats Read More »

By Ann Saphir and Howard Schneider (Reuters) -U.S. businesses told the Federal Reserve in June and early July that the loss of immigrant labor is adding to their struggles with the effects of fast-changing trade policies as the Trump administration’s economic strategies began gaining traction. The U.S. central bank’s latest snapshot of the economy, released …

US economic activity rises but outlook pessimistic, Fed says Read More »