Reuters US Business

Maserati ready to present new business plan very soon, brand boss says

5 Jun 2025

MODENA, Italy (Reuters) -Maserati plans to present a new business plan shortly, soon after parent company Stellantis’ new CEO Antonio Filosa officially starts in his job later this month, the head of the struggling luxury carmaker said on Thursday. The loss-making Italian brand, the only one in the luxury segment for the world’s fourth largest …

Maserati ready to present new business plan very soon, brand boss says Read More »

US auto suppliers say immediate action needed on China rare earths restrictions

5 Jun 2025

By David Shepardson WASHINGTON (Reuters) -A group representing auto suppliers in the United States called on Wednesday for immediate action to address China’s restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production. China, which controls over 90% of global processing capacity for rare earths used in everything …

US auto suppliers say immediate action needed on China rare earths restrictions Read More »

Humana to back curbs to Medicare Advantage billing practices, WSJ reports

5 Jun 2025

(Reuters) -Humana has told congressional staffers that it will support moves that would curtail billing practices worth billions in extra payments to the industry, the Wall Street Journal reported, citing staffers and a document viewed by it. The company is willing to back new limits on lucrative payments insurers can gain from diagnoses recorded by …

Humana to back curbs to Medicare Advantage billing practices, WSJ reports Read More »

Analysis-US stocks heal from tariff pain but trade news to keep markets edgy

5 Jun 2025

By Lewis Krauskopf NEW YORK (Reuters) -After months of Wall Street gyrations to the twists and turns of U.S. trade policy, signs suggest stock investors are becoming more resilient to developments and cautiously defaulting to optimism that they have weathered the worst of the tariff-related shocks. U.S. equities have edged higher over the past two …

Analysis-US stocks heal from tariff pain but trade news to keep markets edgy Read More »

China’s Didi Q1 revenue rises 8.5% as recovery gains pace

5 Jun 2025

BEIJING (Reuters) -Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan ($7.42 billion) on Thursday, as its recovery from a regulatory overhaul of its operations gathered pace. The Beijing-based company reported net income of 2.4 billion yuan for the quarter, versus a loss …

China’s Didi Q1 revenue rises 8.5% as recovery gains pace Read More »

US SEC says new foreign firm rules needed, singles out China

5 Jun 2025

(Reuters) -Wall Street’s top regulator took a step toward toughening rules for foreign companies listed on American stock markets on Wednesday, saying many Chinese firms in particular benefited from having to make fewer regular disclosures to investors. The U.S. Securities and Exchange Commission voted unanimously to call for public comment on possible new regulations that …

US SEC says new foreign firm rules needed, singles out China Read More »

Japan to propose cooperation on rare earths in US tariff talks, Nikkei reports

5 Jun 2025

TOKYO (Reuters) – Japan is planning to propose strengthening cooperation with the United States on rare earth supply chains in upcoming tariff talks, with recent export restrictions by China in mind, the Nikkei business daily reported on Thursday. Japan’s Jiji Press also reported that the U.S. had shown flexibility in reducing an additional portion of …

Japan to propose cooperation on rare earths in US tariff talks, Nikkei reports Read More »

Amazon prepares to test humanoid robots for deliveries, The Information reports

5 Jun 2025

(Reuters) -Amazon is developing software for humanoid robots that could eventually take the jobs of delivery workers, The Information reported on Wednesday, citing a person familiar with the matter. Reuters could not immediately confirm the report. Amazon is completing construction of a “humanoid park,” an indoor obstacle course at one of the company’s San Francisco, …

Amazon prepares to test humanoid robots for deliveries, The Information reports Read More »

Trump renegotiating Biden-era Chips Act grants, Lutnick says

5 Jun 2025

WASHINGTON (Reuters) -President Donald Trump’s administration is renegotiating some of former President Joe Biden’s grants to semiconductor firms, U.S. Commerce Secretary Howard Lutnick said at a hearing on Wednesday, suggesting some awards may be axed. Some of the Biden-era grants “just seemed overly generous, and we’ve been able to renegotiate them,” Lutnick told lawmakers on …

Trump renegotiating Biden-era Chips Act grants, Lutnick says Read More »

Close Bitnami banner
Bitnami