Reuters US Business

Republicans muscle Trump’s sweeping tax-cut and spending bill through Congress

4 Jul 2025

By Bo Erickson, Richard Cowan, David Morgan and Andy Sullivan WASHINGTON (Reuters) -President Donald Trump’s tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, as the Republican-controlled House of Representatives narrowly approved a massive package that would fund his domestic agenda and push millions of Americans off health insurance The 218-214 vote …

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Boeing’s new CFO Malave to receive $1.05 million as annual base salary

4 Jul 2025

(Reuters) -Boeing Co said on Thursday that incoming CFO Jesus “Jay” Malave would receive $1.05 million as an annual base salary and he would be eligible for annual and long-term incentive awards with target values of $1.26 million and $6.5 million, respectively. The planemaker said on Monday it appointed the former Lockheed Martin executive as …

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Sutskever to lead Safe Superintelligence after Meta poaches CEO Gross in AI talent war

3 Jul 2025

By Krystal Hu (Reuters) -Ilya Sutskever has taken over the reins of Safe Superintelligence (SSI), the artificial intelligence startup he launched last year, after losing CEO Daniel Gross to an intensifying talent war in the industry. Gross has joined Meta Platforms to lead its AI products division, sources told Reuters. The development comes as tech …

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Clean-energy backers blast US budget bill as a setback

3 Jul 2025

By Timothy Gardner and Valerie Volcovici WASHINGTON (Reuters) -Advocates of clean energy on Thursday decried the final passage of President Donald Trump’s tax cut bill by the House of Representatives as a reversal of course on the energy transition, while fossil-fuel interests rejoiced. Trump’s fellow Republicans in the House passed the bill 218-214 and it …

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Boeing secures $2.8 billion US satellite contract

3 Jul 2025

(Reuters) -Boeing Co said on Thursday it had secured a $2.8 billion U.S. contract to develop and produce two satellites with options for two more. The Evolved Strategic Satellite Communications (ESS) program will deliver space-based nuclear, command, control, and communications for the U.S. president and joint strategic global forces. Boeing is set to deliver the …

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Instant View: U.S. House approves Trump’s mega budget bill

3 Jul 2025

(Reuters) -The Republican-controlled U.S. House of Representatives passedPresident Donald Trump’s massive tax-cut and spending bill on Thursday. The megabill, which makes permanent the lower individual and business tax rates in Trump’s 2017 tax cut package, will add $3.4 trillion to the nation’s $36.2 trillion debt over the next decade. It also reduces the reach of …

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Activist investor Starboard discloses 9% stake in Tripadvisor, says shares undervalued

3 Jul 2025

(Reuters) -Activist investor Starboard Value disclosed a 9% stake in Tripadvisor on Thursday and said the stock was undervalued. Shares of Tripadvisor surged 17% after the hedge fund said it purchased the shares on the belief that they “represented an attractive investment opportunity.” The stock closed at $17.50 on Thursday. Starboard will engage with the …

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RBNZ to hold rates at 3.25% on July 9 but cut once more this year: Reuters poll

3 Jul 2025

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) -The Reserve Bank of New Zealand will leave interest rates unchanged on July 9, a majority of economists polled by Reuters expected, with the median forecast showing just one more 25 basis point cut this year compared with two in a May survey. After one of the most …

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Trump administration will focus on Fed chair replacement in fall, Bessent says

3 Jul 2025

By Andrea Shalal WASHINGTON (Reuters) -The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S. Treasury Secretary Scott Bessent told CNBC on Thursday, adding that officials had “a lot of good candidates.” Bessent said it was up to the Fed to decide interest rates, although he added …

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