Reuters US Business

(Reuters) -Amazon.com is investing $10 billion in North Carolina to expand its artificial intelligence infrastructure, further deepening its presence in the state as it seeks to cement its position in the fast-growing technology. The investment, announced on Wednesday for Richmond County, is expected to create at least 500 high-skilled jobs, including positions for data center …

Amazon to invest $10 billion in North Carolina to expand cloud, AI infrastructure Read More »

By Lucia Mutikani WASHINGTON (Reuters) -The U.S. services sector contracted for the first time in nearly a year in May while businesses paid higher prices for inputs, a reminder that the economy remains in danger of experiencing a period of very slow growth and high inflation. The survey from the Institute for Supply Management (ISM) …

US services sector contracts in May; businesses face higher prices Read More »

By Jody Godoy (Reuters) -A group of U.S. Senators have demanded that federal antitrust enforcers explain why they did not seek to block Rocket Companies’ $1.75 billion acquisition of real estate listing platform Redfin, saying the deal could raise costs for homebuyers. U.S. senators including Elizabeth Warren and Cory Booker, the top Democrats on the …

US senators press antitrust enforcers over Rocket-Redfin deal Read More »

By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s consumer price increases likely slowed slightly in May thanks to reduced pressure on food costs and the appreciation of the peso currency, a Reuters survey showed on Wednesday, though inflation expectations for 2025 overall grew. According to the median estimate of the 19 analysts surveyed, inflation likely rose …

Colombia inflation likely slowed in May, but up in full-year 2025: Reuters poll Read More »

(Reuters) – The National Highway Traffic Safety Administration said on Wednesday that Ford Motor Co would recall 63,898 compact pickup trucks over concerns related to an airbag indicator light. The NHTSA said air bag indicator lights on the dashboard may be loose or dislodged, and not visible to occupants on certain 2025 Maverick trucks. Dealers …

Ford recalls nearly 64,000 compact pickup trucks over airbag indicator light concern Read More »

By Shashwat Chauhan and Joel Jose (Reuters) -Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, marking a crucial milestone in the bank’s push to rebuild its reputation and grow further. The fourth-largest U.S. bank was operating under a $1.95-trillion asset cap …

Wells Fargo shares hit three-month high as Fed ends growth freeze Read More »

(Reuters) -The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit their “best offers” to avoid further steep import duties set …

Factbox-Trump’s tariffs and threatened trade actions Read More »