Reuters US Business Archives - Page 601 of 2312

General Dynamics gets $1.85 billion contract modification for submarine production

2 Jul 2025 2 Jul 2025

(Reuters) -General Dynamics Electric Boat, the submarine making unit of General Dynamics, said on Wednesday it received a $1.85 billion modification on its previously awarded contract for Virginia-class submarines. The modification is for long lead time material and preliminary construction efforts for the nuclear powered submarines, the company said. The award, first posted on the …

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Israelis hope for potential economic ‘peace dividend’ after war with Iran

2 Jul 2025 2 Jul 2025

By Steven Scheer JERUSALEM (Reuters) -Israel’s 12-day war with Iran last month has dented its economy but investors and Israelis are hopeful that a U.S.-brokered halt to hostilities could bring an economic “peace dividend” with the country’s neighbours that has been a dream for decades. Such hopes are fuelled by setbacks to Iran’s nuclear programme …

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X back up after brief outage hits US users, Downdetector shows

2 Jul 2025 2 Jul 2025

(Reuters) -Social media platform X recovered after a brief outage affected thousands of U.S. users on Wednesday, according to outage tracking website Downdetector.com. The disruptions eased around 10:20 a.m. ET, Downdetector showed. The website tracks outages by collating status reports from a number of sources. There were more than 15,000 incidents of people reporting issues …

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Paramount investors elect all directors, including chair Shari Redstone

2 Jul 2025 2 Jul 2025

By Dawn Chmielewski LOS ANGELES (Reuters) -Shareholders of Paramount Global, which is waiting for regulatory approval to merge with Skydance Media, Wednesday elected all seven directors to the company’s board at its annual shareholder meeting. Influential proxy adviser Institutional Shareholder Services advised clients to vote against the four directors standing for re-election, including the media …

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Inside the airline seat industry crisis delaying jet deliveries

2 Jul 2025 2 Jul 2025

By Tim Hepher CWMBRAN, Wales (Reuters) -Tucked beneath the armrest of a luxury business class seat in a factory in Wales lies a clue to a global aviation bottleneck that has left many airlines waiting impatiently for new jets. Before the armrest can support the pampered elbow of a premium passenger, a complex manufacturing jigsaw …

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BYD’s off-road brand Fangchengbao offers discount for Huawei assisted driving system

2 Jul 2025 2 Jul 2025

BEIJING (Reuters) -Chinese electric vehicle maker BYD’s Fangchengbao brand is offering a limited-time 20,000 yuan ($2,790.33) discount for the Huawei Qiankun Advanced Driving System package, Fangchengbao said in a social media post on Wednesday. Buyers who place their orders in July would pay 12,000 yuan for the assisted driving system package, compared with the 32,000 …

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U.S. dollar to stay under pressure from tariff, debt and rate cut expectations

2 Jul 2025 2 Jul 2025

By Sarupya Ganguly BENGALURU (Reuters) -The U.S. dollar will remain weak over the coming months, a Reuters poll of FX analysts forecast, caught in a tangle of mounting U.S. debt concerns, erratic tariff policies and rising interest rate cut expectations. Growing unease over President Donald Trump’s on-again off-again tariffs, and a tax-cut and spending bill that …

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US rate futures raise easing bets for July, fully prices in September cut

2 Jul 2025 2 Jul 2025

NEW YORK (Reuters) -Futures on the federal funds rate on Wednesday lifted the chances of a rate cut by the July policy meting after a much weaker-than-expected private sector jobs report for June. Data showed private sector jobs unexpectedly fell by 33,000 last month. Fed funds futures priced in as much as a 27% chance …

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Mexico peso set to slip after expiry of US tariff hike freeze: Reuters poll

2 Jul 2025 2 Jul 2025

By Gabriel Burin BUENOS AIRES (Reuters) -The rallying Mexican peso is set to slip in the coming months after a temporary freeze on U.S. tariff hikes against other countries expires next week, a Reuters poll showed. This would end a run-up that brought the currency to its strongest in almost a year last quarter following …

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Netflix holds talks with Spotify to expand live TV content, WSJ reports

2 Jul 2025 2 Jul 2025

(Reuters) -Netflix has held talks with Spotify to partner on projects such as music award shows or live concert series as part of its live TV push, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company has also discussed doing big celebrity interviews and shorter-turnaround documentaries, the report said. …

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