Reuters US Business

By David Shepardson (Reuters) -United Airlines and smaller JetBlue Airways on Thursday asked the U.S. Transportation Department to reject a complaint filed by Spirit Airlines to their proposed partnership. United and JetBlue said the complaint’s arguments of reduced competition were a “fiction” and adding: “Blue Sky will maintain JetBlue’s independence and enhance its competitiveness, ensuring …

United, JetBlue ask US to reject Spirit Airlines complaint over partnership Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private industry gains the smallest in eight months as businesses battled rising economic headwinds.   While the Labor Department’s closely watched employment report on Thursday also showed the …

Solid US job growth masks loss of labor market momentum Read More »

By Shubham Kalia and Marianna Parraga (Reuters) -A $7.38 billion bid by a unit of Toronto-listed miner Gold Reserve was named preliminary winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, organized by a U.S. court to pay creditors for debt defaults and expropriations in the South American country. If …

Gold Reserve’s $7.38 billion bid recommended as winner of Citgo auction Read More »

By Ann Saphir and Howard Schneider (Reuters) -Unexpectedly solid job gains in June bolstered the case for the Federal Reserve to keep interest rates on hold to keep downward pressure on inflation, with one U.S. central banker saying it could take a year or more for the economy to adjust to the Trump administration’s tariff …

Steady job market keeps Fed on hold amid tariff uncertainty Read More »

By David Lawder WASHINGTON (Reuters) -The massive U.S. tax and spending bill slated for a final vote in Congress runs counter to the International Monetary Fund’s recommendations that Washington reduce fiscal deficits over the medium term, IMF spokesperson Julie Kozack said on Thursday. Kozack told a regular news briefing that there was a broad consensus …

IMF says US tax, spending bill runs counter to deficit-cutting advice Read More »

By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.  Shares of the leading designer of high-end AI chips rose as much as 2.4% to $160.98 …

Nvidia briefly on track to become world’s most valuable company ever Read More »