Reuters US Business

By Jody Godoy (Reuters) – The largest firefighters’ labor union in the U.S. is demanding antitrust authorities investigate the companies that make fire trucks, saying industry consolidation has led to skyrocketing costs and years-long wait times, endangering firefighters and the public. The U.S. Department of Justice and Federal Trade Commission should probe the fire and …

As fire truck prices hit $2 million, US firefighters demand an antitrust probe Read More »

By Ann Saphir (Reuters) -Tamer-than-expected inflation and a significant de-escalation of a U.S.-China trade war are easing fears of a sharp squeeze on American households and businesses in coming months, prompting Wall Street firms to pare predictions of a recession and giving the Federal Reserve room to leave interest rates where they are. JP Morgan …

Fed to stay patient amid cooling trade war and inflation Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook remains unclear against the backdrop of tariffs. The rise in prices reported by the Labor Department on Tuesday was below economists’ expectations …

Lower food prices tame US consumer inflation in April, tariffs squeeze awaited Read More »

(Reuters) -Daimler Truck, one of the world’s biggest truckmakers, cut its operating profit forecast for 2025 on Tuesday, citing heightened demand uncertainty. The company is now forecasting adjusted earnings before interest and taxes (EBIT) growth of -5% to 5%, compared with 5% to 15% growth expected previously. U.S. President Donald Trump’s trade war has pummeled …

Daimler cuts full-year operating profit forecast Read More »

By Aditya Soni (Reuters) – Microsoft said on Tuesday it was laying off less than 3% of its workforce, or around 6,000 employees, as the technology giant looks to rein in costs while funneling billions of dollars into its ambitious bet on artificial intelligence. The cuts will be across all levels and geographies and are …

Microsoft to lay off around 3% of workforce in organization-wide cuts Read More »

By Jaspreet Singh (Reuters) – Walt Disney said on Tuesday its new streaming service would be named ESPN and cost $29.99 per month, as the media company aims to tap sports fans who have never subscribed to traditional television. The new service, which is set for launch this fall, will provide access to ESPN networks, …

Disney’s new streaming service ESPN to cost $29.99 per month Read More »

By Ateev Bhandari (Reuters) -Digital health startup Hinge Health said on Tuesday it is targeting a valuation of up to $2.98 billion on a fully diluted basis in its initial public offering, signaling thawing of the U.S. IPO market after recent market volatility. Financial markets have regained their footing in recent weeks as the de-escalation …

Hinge Health targets $3 billion valuation as IPO markets signal comeback Read More »

By Michael S. Derby (Reuters) -U.S. student loan borrowers ran into trouble during the first quarter after the government lifted a long-running moratorium on debt repayment implemented during the COVID-19 pandemic, a report from the Federal Reserve Bank of New York said on Tuesday. As part of its quarterly review of household debt trends, the …

NY Fed: Student loan borrowing trouble surged in first quarter Read More »