Reuters US Business

NEW YORK (Reuters) – Moody’s on Friday downgraded the credit rating of the United States by a notch to “Aa1” from “Aaa”, citing rising debt and interest “that are significantly higher than similarly rated sovereigns.” U.S. President Donald Trump’s sweeping tax bill failed to clear a key procedural hurdle on Friday, as hardline Republicans demanding …

INSTANT VIEW: With Moody’s downgrade, US loses treasured Aaa credit rating Read More »

By Jody Godoy (Reuters) -A Republican proposal to block states from regulating artificial intelligence for 10 years drew opposition on Friday from a bipartisan group of attorneys general in California, New York, Ohio and other states that have regulated high-risk uses of the technology. The measure included in President Donald Trump’s tax cut bill would …

AI regulation ban meets opposition from state attorneys general over risks to US consumers Read More »

By Mike Scarcella (Reuters) – The judge overseeing the U.S. criminal case against Chinese telecom Huawei said at a hearing that President Donald Trump’s executive order stripping security clearances from lawyers at Jenner & Block could be a hurdle for the company’s defense in the case. U.S. District Judge Ann Donnelly in Brooklyn questioned prosecutors …

US judge in Huawei criminal case questions Trump order against law firm Read More »

By Aditya Soni, Jaspreet Singh and Milana Vinn (Reuters) -Charter Communications on Friday agreed to buy privately held rival Cox Communications for $21.9 billion, combining two of the largest U.S. cable and broadband operators in their battle with streaming giants and mobile carriers. The deal – one of the biggest globally this year – will …

Spectrum owner Charter to buy Cox for $21.9 billion in mega cable deal Read More »

(Reuters) – Tesla will add Chipotle executive Jack Hartung to its board of directors and audit committee in June, the electric vehicle maker said on Friday. Hartung’s addition will expand Tesla’s board to nine members. Joe Gebbia, the co-founder of Airbnb was the last addition to the board in 2022. Tesla’s board has come under …

Tesla to add Chipotle executive Jack Hartung to board Read More »

By Anuja Bharat Mistry (Reuters) -Michael Burry’s Scion Asset Management has doubled its stake in Estee Lauder, at a time when the beauty giant’s new CEO is steering the company through a transformation to overcome weak demand in key markets such as North America and China. The U.S. investor, whose bets against the U.S. housing …

‘Big Short’ investor Michael Burry doubles stake in cosmetics maker Estee Lauder Read More »