Reuters US Business

New US tax bill will ‘stabilise things’ but increase deficit, JPMorgan’s Dimon says

22 May 2025

By Li Gu and Selena Li SHANGHAI/HONG KONG (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon said on Thursday U.S. President Donald Trump’s massive tax and spending bill could help bring stability but it is not conducive to deficit reduction. The bill cleared a crucial hurdle on Wednesday, as the U.S. House of Representatives voted …

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Japan trade negotiator Akazawa to visit US for tariff talks from Friday

22 May 2025

TOKYO (Reuters) -Japan’s top trade negotiator Ryosei Akazawa plans to visit Washington from Friday to Sunday for negotiations over U.S. tariffs, he said on Thursday. Akazawa said details of the upcoming talks, including who will be attending from the U.S. side, have yet to be fixed. “While continuing to demand firmly the U.S. reconsideration over …

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Universal’s new Epic Universe park challenges Disney in Florida

22 May 2025

By Dawn Chmielewski ORLANDO, Florida (Reuters) – For decades, Universal Orlando Resort was a pit stop on a vacationer’s way to the “Most Magical Place on Earth,” Walt Disney World. Now, NBCUniversal owner Comcast aims to rewrite the travel itinerary with Epic Universe, a major new theme park in Central Florida set to open on …

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Morning Bid: Hammer comes down

22 May 2025

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Bond markets creaked again after the hammer came down on a lukewarm sale of 20-year U.S. Treasuries on Wednesday with President Donald Trump’s sweeping tax and spending bill clearing a crucial hurdle …

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Venture Global on track to become top US LNG company if CP2 project approved

22 May 2025

By Curtis Williams HOUSTON (Reuters) -Venture Global is poised to become the largest U.S. liquefied natural gas company by next year if it proceeds with its CP2 project in Louisiana and continues overproduction at its existing plants, according to LSEG data and company statements. Only a startup three years ago, Venture Global currently has a …

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Plan to beef up Fed forecasts hits hurdle among its regional presidents

22 May 2025

By Howard Schneider AMELIA ISLAND, Florida (Reuters) -A proposal for the U.S. Federal Reserve to release detailed economic forecasts after some of its meetings to anchor the discussion of monetary policy is drawing fire from the heads of its regional banks who worry it will be hard to agree on a common outlook and risks …

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Factbox-Largest tech deals of last decade

22 May 2025

(Reuters) – Charter Communications said on Friday it would buy privately held rival Cox Communications for $21.9 billion, uniting two of the largest U.S. cable and broadband operators. Below is a list of the largest U.S. technology deals in the last decade: Table: https://reut.rs/3ZnIw54 (Reporting by Kritkia Lamba, Priyanka.G, Harshita Mary Varghese, Arsheeya Bajwa and …

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Australian exporters upbeat on business outlook in China despite trade war, central bank says

22 May 2025

SYDNEY (Reuters) -Australian exporters are upbeat on their business outlook in China as U.S. tariffs could enhance their competitive edge in Chinese markets, a top central bank official said on Thursday. In a speech in Sydney, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said that during a recent trip to China he found …

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Walmart plans job cuts in restructuring push to simplify operations

22 May 2025

(Reuters) -U.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify its operations, according to a memo seen by Reuters. The company’s plan will impact teams in its global technology operations, e-commerce fulfillment in U.S. stores and its advertising business Walmart Connect. “To accelerate our progress …

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OPEC+ discusses making another large output hike in July, Bloomberg News reports

22 May 2025

(Reuters) – OPEC+ members are discussing whether to agree on another large production increase at their meeting on June 1, Bloomberg News reported on Thursday. An output hike of 411,000 barrels a day (bpd) for July is among the options under discussion, although no final agreement has yet been reached, the report said, citing delegates. …

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