Reuters US Business

By Richard Cowan, Bo Erickson and David Morgan WASHINGTON (Reuters) -U.S. Senate Republicans on Monday evening were still trying to pass President Donald Trump’s sweeping tax-cut and spending bill, despite divisions within the party about its expected $3.3 trillion hit to the nation’s debt pile. Senators were voting in a marathon session known as a …

Senate tries to overcome vote-a-rama, infighting to pass Trump’s $3.3 trillion bill Read More »

By Sabrina Valle NEW YORK (Reuters) -The S&P 500 and Nasdaq reached record closing highs on Monday, capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty. Both indexes ended the quarter with double-digit gains. The S&P 500 gained 10.57% during the period, the Nasdaq …

S&P 500, Nasdaq close at record highs, cap best quarter in over a year Read More »

(Reuters) -Billionaire sports financier Todd Boehly-backed insurance tech company Accelerant filed for an initial public offering in the United States on Monday, almost two years after it first considered a stock market flotation. The move comes as the IPO market, which had been languishing amid economic uncertainty and elevated interest rates, is beginning to recover. …

Todd Boehly-backed Accelerant files for NYSE listing as IPO market gathers steam Read More »

By Karl Plume CHICAGO (Reuters) -The U.S. Department of Agriculture announced on Monday a phased reopening of cattle, bison and equine imports from Mexico following a prolonged closure over the damaging pest New World screwworm. Ports will reopen in phases as early as July 7, beginning with Douglas, Arizona, which the USDA said is the …

USDA announces phased reopening of Mexican cattle imports after screwworm closure Read More »

SAO PAULO (Reuters) -The technical body of Brazilian antitrust regulator CADE recommended on Monday a decision against Apple for what it called anti-competitive practices in the tech giant’s iOS ecosystem. The move follows complaints filed in 2022 by firms including Latin American e-commerce platform MercadoLibre over Apple’s alleged restrictions on the distribution of digital goods …

Technical body of Brazil antitrust regulator recommends ruling against Apple in iOS case Read More »

(Reuters) -Wolfspeed said on Monday it has filed for Chapter 11 bankruptcy protection, as the chipmaker grapples with huge debt amid slowing demand from electric vehicle and industrial markets. Shares of the company — which makes chips using silicon carbide, a more energy-efficient material than traditional silicon — rose 64.5% in extended trading. Wolfspeed raised …

Wolfspeed files for bankruptcy protection to cut worsening debt, shares jump Read More »

By Michael S. Derby and Howard Schneider (Reuters) -President Donald Trump on Monday continued hammering at the U.S. Federal Reserve to ease monetary policy, sending Fed Chair Jerome Powell a list of central bank interest rates around the world adorned with handwritten commentary saying the U.S. rate should be between Japan’s 0.5% and Denmark’s 1.75%, …

Trump hammers Powell again as Bessent mulls Fed power transition timeline Read More »