Reuters US Business

By John Geddie, Tim Kelly and Yuka Obayashi TOKYO (Reuters) -Snow lay thick in the Pittsburgh suburbs as Takahiro Mori, a bespectacled, 67-year-old executive from Japan’s Nippon Steel, huddled in a cluttered garage with community leaders to reassure them he was not giving up on a bid to buy the town’s steel mill. Just days …

Garage meets and sleepless flights: How Nippon Steel’s negotiator stuck at US merger Read More »

By Sheila Dang HOUSTON (Reuters) -Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron’s $53 billion deal to buy Hess and with it a prized stake in Guyana’s prolific oilfields. The planned acquisition, announced in October 2023, is one of the …

Exxon, Hess to face off over Chevron deal for oilfield riches Read More »

By Lewis Krauskopf NEW YORK (Reuters) -An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia takes center stage for Wall Street in the coming week, as stocks hit a speed bump of worries over federal deficits driving up Treasury yields. U.S. equities pulled back this week after a torrid rally, as investors turned …

Nvidia earnings in focus as rising US yields, debt rattle markets Read More »

(Reuters) – Elon Musk’s social media platform X was largely restored for most users after an outage that impacted tens of thousands of users in the United States on Saturday, according to outage tracking website Downdetector.com, following which he said that he is “back to spending 24/7” at his companies. At its peak around 8:51 …

Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored Read More »

(This May 23 story has been refiled to fix a typo in paragraph 12) By Jody Godoy, Karen Freifeld and David Shepardson NEW YORK/WASHINGTON (Reuters) – President Donald Trump’s bid to bring manufacturing of Apple’s iPhone to the United States faces many legal and economic challenges, experts said on Friday, the least of which are …

‘Little, little screws’ one of many hurdles to US-made iPhones Read More »

By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks fell on Friday, notching a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty. All three main Wall Street indexes pared early losses but each still ended lower …

Wall St falls as Trump tariff threats spark market uncertainty Read More »