Reuters US Business

By Richa Naidu and Arriana McLymore LONDON/NEW YORK (Reuters) – Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump’s tariffs until they are ready to sell the merchandise. The U.S. has more than 1,700 bonded warehouses, facilities where imported goods can …

Importers race to turn US warehouses into tariff-free zones Read More »

By Kamal Choudhury and Puyaan Singh (Reuters) -Medical device maker Medtronic said on Wednesday it plans to separate its diabetes business, which houses its insulin pumps and other wearable devices, into a stand-alone company and forecast 2026 adjusted profit below estimates. The unit has been struggling over the last few years following regulatory concerns over …

Medtronic to separate diabetes business following recent struggles Read More »

By Savyata Mishra and Nicholas P. Brown (Reuters) – Home improvement retailer Lowe’s posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs. In a conference call on Wednesday, CEO Marvin Ellison said …

Lowe’s beats sales estimates, plans to stay ‘price competitive’ Read More »

By Nivedita Balu TORONTO (Reuters) – Canada’s big banks are expected to have shored up loan loss reserves in the second quarter, with four of the big six banks putting aside over C$1 billion to shield against potential loan defaults in a time of trade uncertainty. Large loan loss provisions take away from earning potential, …

Canadian banks brace for trade uncertainty with more loan loss provisions in second quarter Read More »

By David Shepardson WASHINGTON (Reuters) -Major airline CEOs on Wednesday called on Congress to approve billions of dollars in funding to modernize the United States’ aging air traffic control system, saying it is “failing Americans.” The Federal Aviation Administration’s air traffic control network’s woes have been years in the making. But a rush of high-profile …

US air traffic control system failing Americans, airline CEOs say Read More »

(Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday charged cryptocurrency company Unicoin and three of its top executives, including its CEO and Board Chairman Alex Konanykhin, for false and misleading statements that raised more than $100 million from thousands of investors. (Reporting by Chandni Shah in Bengaluru; Editing by Sandra Maler)

By Francesco Guarascio and Phuong Nguyen HUNG YEN (Reuters) -Vietnam’s prime minister and U.S. President Donald Trump’s son Eric held a groundbreaking ceremony on Wednesday for a $1.5 billion luxury residential development with three 18-hole golf courses outside Hanoi. The U.S. president’s Trump Organization family business and its local partners received approval for the project last …

Trump Organization breaks ground on $1.5 billion golf club in Vietnam Read More »