Reuters US Business

Grocer Albertsons lifts sales view on steady demand, margin pressure weighs on shares

15 Jul 2025

By Anuja Bharat Mistry (Reuters) -Albertsons raised its annual sales forecast and beat first-quarter estimates on Tuesday, leaning on its competitive pricing strategy to ensure steady demand for essentials at its grocery stores and pharmacies despite inflationary pressures. While the rest of the retail sector struggles with weak demand, U.S. grocers such as Albertsons and …

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US strikes trade deal with Indonesia, Trump says, without providing details

15 Jul 2025

WASHINGTON (Reuters) -President Donald Trump said on Tuesday that the United States had struck a trade deal with Indonesia. “Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!” Trump said in a post on Truth Social. Trump had threatened the southeast Asian country with a …

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Canada’s annual inflation rate in June up slightly to 1.9%

15 Jul 2025

By Promit Mukherjee OTTAWA (Reuters) -Canada’s annual inflation rate rose to 1.9% in June, meeting analysts’ expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday. The consumer price index was at 1.7% in the prior month. Statistics Canada said on a monthly basis the CPI …

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Broadcom launches new Tomahawk Ultra networking chip in AI battle against Nvidia

15 Jul 2025

By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s chip unit unveiled on Tuesday a new networking processor that aims to speed artificial intelligence data crunching, which requires stringing together hundreds of chips that work together. The new chip is the latest piece of hardware that Broadcom has brought to bear against rival AI giant Nvidia. …

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BNY profit beats on higher interest income, fee revenue

15 Jul 2025

By Manya Saini and Nivedita Balu (Reuters) -BNY beat Wall Street’s profit estimates on Tuesday as the world’s largest custodian bank benefited from higher interest income and fee revenue. A late-quarter rally driven by hopes of trade deals and possible rate cuts lifted major U.S. indexes and improved sentiment. Shifting U.S. tariff policies and mounting …

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JPMorgan CEO Dimon says Fed independence ‘absolutely critical’

15 Jul 2025

(Reuters) -JPMorgan Chase CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is “absolutely critical”. “The President said he’s not going to try to remove Jay Powell,” Dimon told reporters in a conference call. “The independence of the Fed is absolutely critical, and not just for the current Fed chairman, who I …

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US Treasury yield forecasts anchored despite rising debt load and inflation concerns: Reuters poll

15 Jul 2025

BENGALURU (Reuters) -U.S. Treasury yields will trade in a tight range over the coming months, with a strong majority of bond strategists surveyed by Reuters predicting demand for Treasuries lagging an expected deluge of new supply. President Donald Trump’s sweeping tax-cut and spending bill, which cleared its final hurdle in the U.S. Congress earlier this …

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Oracle to invest $3 billion in AI, cloud expansion in Germany, Netherlands

15 Jul 2025

(Reuters) -Oracle will invest $3 billion in Germany and the Netherlands over the next five years to bolster its infrastructure powering artificial intelligence and cloud offerings in the European market, the company said on Tuesday. The Austin, Texas-based company joins a growing list of technology firms that have pledged tens of billions of dollars to …

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