Reuters US Business

DOHA (Reuters) -State-owned Qatar Airways posted an annual net profit of a record 7.8 billion riyals ($2.1 billion) for the 2024 financial year ended March 31, up 28% from a year earlier, the company said on Monday, and expects strong demand ahead. Demand from the Gulf has defied a global slowdown, with regional airlines reporting …

Qatar Airways’ net profit jumps 28% as company expects strong demand to continue Read More »

By Davide Barbuscia NEW YORK (Reuters) – A U.S. sovereign downgrade by Moody’s has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington.   The ratings agency cut America’s pristine sovereign credit rating by one notch on Friday, the last of the major …

Analysis-Moody’s downgrade intensifies investor worry about US fiscal path Read More »

WASHINGTON (Reuters) -President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in “good faith” on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday. He did not say what would constitute “good faith” negotiations or clarify the timing to announce any decisions …

Trump to carry out tariff threats if nations don’t negotiate in ‘good faith,’ Bessent says Read More »

(Reuters) -Nvidia is in advanced talks to invest in quantum computing startup PsiQuantum, The Information reported on Sunday. Nvidia and PsiQuantum declined to comment on the report. Reuters reported in March that PsiQuantum is raising at least $750 million from investors including BlackRock at a $6 billion pre-money valuation. Quantum technology has the potential to …

Nvidia in advanced talks to invest in PsiQuantum, The Information reports Read More »

(Reuters) – Berkshire Hathaway founder and chairman Warren Buffett is going to forego his usual stage appearance at the 2026 company shareholders’ meeting, the Omaha World-Herald reported on Sunday. Buffett instead will be seated alongside the company’s board of directors while his successor and current vice chairman and incoming CEO Greg Abel answers questions, the report …

Buffett to sit alongside board members at 2026 Berkshire meeting, won’t appear on stage, report says Read More »

TORONTO (Reuters) -Canadian Prime Minister Mark Carney said on Sunday the federal government will present a budget in the autumn, days after the finance minister had said the new Liberal government will have an economic update later in the year. Carney’s announcement after he attended Pope Leo XIV’s inauguration at the Vatican came days after …

Canada PM Carney says federal budget will come in the autumn Read More »

By Lewis Krauskopf NEW YORK (Reuters) -A batch of U.S. retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market’s sharp rebound. Results from retailers including Target, Home Depot and Lowe’s arrive as investors have become less worried …

Retailers set to give tariff view as US stock market roars back Read More »

By Bo Erickson WASHINGTON (Reuters) -Moody’s downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some questioning the motive behind the change and others depicting it as a warning that lawmakers should heed as they wrestle with a sweeping tax and budget bill. The downgrade, announced on Friday …

Republicans split on US credit downgrade as party’s tax bill lingers Read More »

By Jasper Ward WASHINGTON (Reuters) -U.S. President Donald Trump said on Saturday that Walmart <WMT.N> should “eat the tariffs” instead of blaming duties imposed by his administration on imported goods for the retailer’s increased prices. His comments were in response to the world’s largest retailer saying this week it would have to start raising prices …

Trump tells Walmart to ‘eat the tariffs’ instead of raising prices Read More »