Reuters US Business

By Michael S. Derby and Howard Schneider NEW YORK (Reuters) -U.S. Federal Reserve officials speaking on Monday took on cautiously the ramifications of the latest downgrade of the U.S. government’s credit rating and unsettled market conditions as they continued to navigate a very uncertain economic environment. “We will put that downgrade in the same perspective …

Fed officials take cautious view on US markets amid downgrade Read More »

(This May 17 story is repeated without any changes to the text) WASHINGTON (Reuters) – Families of some of the 346 people killed in two fatal Boeing 737 MAX crashes plan to object to a tentative nonprosecution agreement between the planemaker and the U.S. Justice Department, a lawyer said on Saturday. The Justice Department outlined …

Families of 737 MAX crash victims to object to deal allowing Boeing to avoid prosecution Read More »

By Stephen Nellis SEATTLE (Reuters) -Microsoft said on Monday it would offer new AI models made by Elon Musk’s xAI, Meta Platforms and European startups Mistral and Black Forest Labs hosted in its own data centers, and unveiled a new artificial-intelligence tool designed to complete software coding tasks on its own. The announcements, made at …

Microsoft to offer rival AI models from own data center; launches AI coding agent Read More »

By Tanay Dhumal (Reuters) -Blackstone Infrastructure will acquire utility company TXNM Energy in an $11.5 billion deal, including debt, as the investment firm bets on rising U.S. electricity demand and a shift to cleaner energy sources. Shares of TXNM rose as much as 8.3% to $57.29, an all-time high, as the all-cash deal from Blackstone …

Blackstone bets on soaring power demand with $11.5 billion TXNM Energy deal Read More »

(This May 16 story has been corrected to clarify that the company name is RSM US, not RMS US, in paragraph 14) By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment deteriorated further in May, with one-year inflation expectations soaring to levels last seen in late 1981 amid escalating fears over the economic impact of …

US consumer sentiment slumps, households brace for inflation surge Read More »

(This May 16 story was refiled without any changes to text.) By David Shepardson WASHINGTON (Reuters) – The U.S. Department of Justice dropped a lawsuit late on Friday against Southwest Airlines, filed by the Biden administration in its final days, that accused the carrier of illegally operating chronically delayed flights. The Department of Transportation filed …

US drops suit against Southwest Airlines over chronically delayed flights Read More »

By David Morgan and Susan Heavey WASHINGTON (Reuters) -U.S. President Donald Trump’s sweeping tax-cut bill, which had been stalled for days by Republican infighting over spending cuts, won approval from a key congressional committee on Sunday in a rare victory for Trump and House Speaker Mike Johnson. At an unusual Sunday night session, four hardline …

Trump tax bill passes key panel to advance in US Congress Read More »