Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -U.S. private payrolls fell for the first time in more than two years in June as economic uncertainty hampered hiring, but low layoffs continued to anchor the labor market. Private payrolls dropped by 33,000 jobs last month, the first decline since March 2023, after a downwardly revised increase of 29,000 …

US private payrolls post first drop in more than two years; layoffs still low Read More »

(Reuters) -Microsoft will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts as the tech giant looks to rein in costs amid hefty investments in artificial intelligence infrastructure. The company, which had about 228,000 employees worldwide as of June 2024, had announced layoffs in May, affecting around …

Microsoft to cut about 4% of jobs amid hefty AI bets Read More »

By Helen Coster, Jack Queen and David Shepardson NEW YORK (Reuters) -CBS parent company Paramount late on Tuesday agreed to settle a lawsuit filed by U.S. President Donald Trump over an interview with former Vice President Kamala Harris that the network broadcast in October, the latest concession by a media company to a president who …

Paramount settles Trump lawsuit over Kamala Harris interview on ’60 Minutes’ for $16 million Read More »

By Andy Sullivan WASHINGTON (Reuters) -The Republican-controlled Congress could soon give final approval to a sweeping tax and spending bill that incorporates many of President Donald Trump’s top domestic priorities. Here is a summary of the major elements of the legislation, which Trump hopes to sign into law by the July 4 Independence Day holiday: …

Factbox-Major aspects of Trump’s tax and spending megabill Read More »

By Georgina McCartney HOUSTON (Reuters) -Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday, as firms grappled with a jump in steel tariffs. The decrease comes after U.S. President Donald Trump, who has encouraged U.S. …

Oil, gas activity contracted in Q2 on higher US steel tariffs, Dallas Fed survey shows Read More »

(Reuters) -An Instagram outage that affected thousands of users in the United States on Wednesday had eased, according to outage tracking website Downdetector.com. As of 12:10 p.m. ET, there were 849 incidents compared with 16,747 reports earlier, according to the website, which tracks outages by collating status reports from multiple sources. Instagram parent Meta Platforms …

Meta’s Instagram back up for users in US, Downdetector shows Read More »

By Zaheer Kachwala (Reuters) -Rivian Automotive reported a sharp fall in second-quarter deliveries on Wednesday, as demand for its electric vehicles takes a hit from stiff competition and tariff-driven economic uncertainty, sending its shares more than 2% lower. Trade tariffs imposed by U.S. President Donald Trump have led to a surge in manufacturing costs for …

Rivian deliveries decline sharply as tariffs hit demand Read More »

By David Shepardson (Reuters) -A Democrat on the Federal Communications Commission called Paramount’s $16 million settlement to resolve a lawsuit filed by U.S. President Donald Trump over a CBS News’ 60 Minutes interview broadcast with rival Kamala Harris “a desperate move” to secure approval of a merger. Paramount needs approval from the FCC for an …

Democratic FCC commissioner blasts Paramount settlement with Trump as ‘desperate move’ Read More »