Reuters US Business

Moody’s downgrade ripples through bond market, causes worries for stocks

By Davide Barbuscia and Lewis Krauskopf NEW YORK (Reuters) -Moody’s U.S. debt downgrade is raising concerns that investors could reevaluate their appetite for U.S. government bonds, with the potential for rising yields to put pressure on stocks that are trading at elevated valuations. Moody’s decision to downgrade the U.S. debt rating by a notch late …

Moody’s downgrade ripples through bond market, causes worries for stocks Read More »

Fed’s Musalem: current policy remains appropriate if trade tensions are durably de-escalated

By Ann Saphir (Reuters) -Even after the recent U.S. and China trade detente, the labor market looks likely to weaken and prices to head higher, St. Louis Federal Reserve President Alberto Musalem said on Tuesday – though if the de-escalation proves durable the Fed’s current monetary policy stance could “remain appropriate.” Eased trade tensions, Musalem …

Fed’s Musalem: current policy remains appropriate if trade tensions are durably de-escalated Read More »

Musk, Republican Party’s biggest donor, says he will cut political spending

By Nandita Bose, Andrew Mills and Akash Sriram DOHA/WASHINGTON (Reuters) -Elon Musk, who spent nearly $300 million to back Donald Trump’s presidential campaign and other Republicans last year, said on Tuesday he will cut his political spending substantially, the latest public signal that he is shifting his attention back to his business empire amid growing …

Musk, Republican Party’s biggest donor, says he will cut political spending Read More »

Home Depot to keep prices steady but says tariffs may make some items unavailable

By Savyata Mishra and Nicholas P. Brown (Reuters) -Home Depot said on Tuesday it will keep prices unchanged despite U.S. tariffs that might however make some products unavailable at the home-improvement chain, which also reported that first-quarter sales beat estimates. Billy Bastek, Home Depot’s executive vice president of merchandising, told analysts on a post-earnings call …

Home Depot to keep prices steady but says tariffs may make some items unavailable Read More »

Fed’s Musalem: policy uncertainty has ‘meaningful’ impact on economic outlook

(Reuters) -High uncertainty over the Trump administration’s trade and other policies could slow the economy significantly as households and businesses put spending and investment decisions on hold while they wait for more clarity, St. Louis Federal Reserve Bank president Alberto Musalem said on Monday. “To the extent that the economy requires capital expenditure to continue …

Fed’s Musalem: policy uncertainty has ‘meaningful’ impact on economic outlook Read More »

Trump struggles to convince Republican holdouts in Congress on tax bill

By David Morgan, Bo Erickson and Nandita Bose WASHINGTON (Reuters) -President Donald Trump on Tuesday pressed his fellow Republicans in the U.S. Congress to unite behind a sweeping tax-cut bill, but apparently failed to convince a handful of holdouts who could still block a package that encompasses much of his domestic agenda. In a closed-door …

Trump struggles to convince Republican holdouts in Congress on tax bill Read More »

Andreessen Horowitz-backed studio Promise partners with Google on AI, adds investors

(Reuters) -Generative AI studio Promise, backed by venture capital firm Andreessen Horowitz, said on Tuesday that it had partnered with Alphabet’s Google to use its AI technologies. The startup has also expanded its investor base, with new backing from Google’s AI Futures Fund, Crossbeam Venture Partners, and others, the company said in a blog. Former …

Andreessen Horowitz-backed studio Promise partners with Google on AI, adds investors Read More »

US trade panel’s vote paves way for stiff tariffs on many solar imports

By Nichola Groom (Reuters) -The U.S. International Trade Commission determined on Tuesday that domestic solar panel makers were materially harmed or threatened by a flood of cheap imports from four Southeast Asian nations, bringing the United States a step closer to imposing stiff duties on those goods. The “yes” vote by the three-member ITC means …

US trade panel’s vote paves way for stiff tariffs on many solar imports Read More »

Microsoft to add Anthropic’s AI coding agent to its GitHub service 

SEATTLE (Reuters) -Microsoft said it will add an artificial intelligence coding agent from Google-backed startup Anthropic to its GitHub service. Coding agents can carry out software development tasks, such as fixing bugs, on a human developer’s behalf. Microsoft on Monday introduced its own coding agent to GitHub, a Microsoft-owned service that many software companies use …

Microsoft to add Anthropic’s AI coding agent to its GitHub service  Read More »

Close Bitnami banner
Bitnami