Reuters US Business

By Rashika Singh and Utkarsh Shetti (Reuters) -FedEx shares fell as much as 5.8% on Wednesday after the parcel delivery giant forecast first-quarter profit below Wall Street estimates and withheld its outlook for the year, citing uncertainty around U.S. President Donald Trump’s trade policy. The lack of fiscal 2026 guidance “will be seen as a …

FedEx shares fall as trade turbulence hits demand, profit forecast Read More »

(Reuters) -OpenAI chief executive Sam Altman had a call with Microsoft CEO Satya Nadella on Monday and discussed their future working partnership, Altman said in a New York Times podcast on Tuesday. Earlier this month, the Wall Street Journal reported that Microsoft, the AI startup’s major backer, and OpenAI are discussing revising the terms of …

OpenAI CEO Altman says he spoke with Microsoft CEO about future partnership, NYT reports Read More »

By Jody Godoy and David Shepardson WASHINGTON (Reuters) -The fight over a proposed 10-year federal moratorium on state regulation of artificial intelligence heated up on Wednesday, with Republican and Democratic Senate leaders differing on whether such a measure would be tied to billions of dollars in funding to help states improve broadband infrastructure. Major AI …

Debate over future of US AI regulation hinges on broadband funding Read More »

By Jonathan Stempel NEW YORK (Reuters) -Piper Sandler and Stifel Financial on Wednesday asked a judge to free them from “onerous” restrictions from the U.S. Securities and Exchange Commission’s global settlement more than two decades ago with 12 investment banks over analyst conflicts. The $1.5 billion settlement in 2003 and 2004 addressed a scandal over …

Two investment banks seek freedom from US SEC analyst research settlement Read More »

By Neil J Kanatt (Reuters) -General Mills forecast annual profit below expectations on Wednesday, as weak demand for its refrigerated baked goods and snacks in the U.S. in a tariff-driven, uncertain macroeconomic background weighed on the Pillsbury owner. Economic uncertainty arising from President Donald Trump’s shifting tariff policies has weighed on consumer spending in the …

General Mills forecasts weak annual profit as economic uncertainty weighs Read More »

By Andy Sullivan WASHINGTON (Reuters) -U.S. President Donald Trump’s sweeping tax-cut legislation would effectively transfer wealth from younger Americans to older generations, nonpartisan analysts say.  Though the bill contains tax breaks for parents, newborns, private-school students and other younger Americans, those benefits would be outweighed by the trillions of dollars it would add to the …

Trump’s budget plan shifts wealth from young to old, analysts say Read More »

(Reuters) -A mediator has proposed that Paramount Global and U.S. President Donald Trump settle his lawsuit against CBS News over an interview with former Vice President Kamala Harris for $20 million, the Wall Street Journal reported on Wednesday. The proposal would include a $17 million donation to Trump’s presidential foundation or museum, as well as …

Mediator proposes $20 million settlement in Trump’s CBS lawsuit, WSJ reports Read More »