Reuters US Business

By Richard Cowan, David Morgan and Bo Erickson WASHINGTON (Reuters) -U.S. Senate Republicans passed President Donald Trump’s massive tax-cut and spending bill on Tuesday by the narrowest of margins, advancing a package that would slash taxes, reduce social safety net programs and boost military and immigration enforcement spending while adding $3.3 trillion to the national …

US Senate passes Trump’s sweeping tax-cut and spending bill, setting up House battle Read More »

(Reuters) -The U.S. Federal Trade Commission is seeking more details about SoftBank Group Corp’s planned $6.5 billion purchase of semiconductor designer Ampere Computing, Bloomberg News reported on Tuesday. The inquiry, known formally as a second request for information, suggests the acquisition may undergo an extended government review, the report said. SoftBank announced the purchase of …

FTC seeks more information about SoftBank’s Ampere deal, Bloomberg News reports Read More »

(Reuters) -Figma disclosed higher revenue and profit for the first three months of 2025, as the cloud-based designer platform prepares to list on the NYSE more than a year after its $20 billion planned sale to Adobe was scrapped. The company’s IPO is poised to be one of the most high-profile listings this year, signaling …

Figma reveals revenue, profit growth in US IPO filing Read More »

By Sabrina Valle NEW YORK (Reuters) -The Nasdaq and the S&P 500 closed lower on Tuesday, dragged down by weakness in large-cap tech stocks, while the Dow ended higher in a volatile day marked by seasonally low liquidity.  Investors navigated a choppy session, between optimism over stimulus and caution around market concentration around a few …

Nasdaq, S&P 500 close lower, weighed by tech stocks, Dow ends up Read More »

By Nupur Anand and Niket Nishant NEW YORK (Reuters) -U.S. banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health check last week. The moves come after the lenders showed they have enough capital to withstand scenarios including a severe economic downturn, spiking unemployment and market turmoil. JPMorgan …

Biggest US banks hike dividends, announce share buybacks after acing stress tests Read More »

By Krystal Hu NEW YORK (Reuters) -Cloudflare has launched a tool that blocks bot crawlers from accessing content without permission or compensation to help websites make money from AI firms trying to access and train on their content, the software company said on Tuesday.  The tool allows website owners to choose whether artificial intelligence crawlers …

Cloudflare launches tool to help website owners monetize AI bot crawler access Read More »

By Blake Brittain (Reuters) -A jury in San Jose, California, said on Tuesday that Google misused customers’ cell phone data and must pay more than $314.6 million to Android smartphone users in the state, according to an attorney for the plaintiffs. The jury agreed with the plaintiffs that Alphabet’s Google was liable for sending and …

Google hit with $314 million US verdict in cellular data class action Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday threatened to cut off the billions of dollars in subsidies that Elon Musk’s companies receive from the federal government, in an escalation of the war of words between the president and the world’s richest man, one-time allies who have since fallen out. The feud reignited on Monday …

Trump escalates feud with Musk, threatens Tesla, SpaceX support Read More »