Reuters US Business

LONDON/NEW YORK (Reuters) – Food maker Kraft Heinz, which sells top U.S. coffee brand Maxwell House, has asked its coffee suppliers for 60 days’ notice before hiking prices due to U.S. President Donald Trump’s tariffs, according to a document seen by Reuters. In the document sent in April, the company asked suppliers to raise prices …

Exclusive-Kraft Heinz asks coffee suppliers for 60 days’ notice for tariff hikes Read More »

(Reuters) -The U.S. Patent and Trademark Office has refused Tesla’s attempt to trademark the term “Robotaxi” in reference to its vehicles, TechCrunch reported on Wednesday, citing a filing. Another application by Tesla to trademark the term “Robotaxi” for its upcoming ride-hailing service is still under examination by the office, the report said. The USPTO issued …

Tesla’s ‘Robotaxi’ trademark refused for being too generic, TechCrunch reports Read More »

By Hannah Lang (Reuters) -Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced a setback on Thursday as the bill failed to clear a key hurdle in the U.S. Senate. The setback is a blow to the crypto industry, which has long pushed for lawmakers to pass legislation …

Stablecoin bill fails to clear key hurdle in U.S. Senate Read More »

By Jonathan Stempel (Reuters) – A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX. The investors said the defendants ignored “red flags” and hid millions of dollars of payments …

FTX lawsuit against Tom Brady, Stephen Curry, Shohei Ohtani, others is narrowed Read More »

By Laurie Chen and Ella Cao BEIJING (Reuters) -China, the world’s largest soybean buyer, has lifted restrictions for Brazilian soybean shipments from five firms previously suspended over phytosanitary concerns, the Brazilian government confirmed on Thursday. Earlier, Reuters reported, citing a source familiar with the matter and Chinese customs data, that China had resumed imports from …

China lifts suspension on five Brazilian soy exporters ahead of Lula visit Read More »

MILAN (Reuters) – Italian spirits group Campari, posted a decline in revenue and adjusted operating profit in the first quarter, well below analysts expectations, partly due to the uncertainty about U.S. tariffs in an already struggling sector. The maker of Aperol and Campari bitters said its net sales dropped to 666 million euros ($749 million) …

Campari’s results miss expectations, uncertainty about tariffs weighed Read More »

(Reuters) -The U.S. Consumer Financial Protection Bureau has withdrawn its efforts to supervise Alphabet’s Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform. The watchdog announced in December that it was ordering federal supervision of Alphabet’s payment arm, a decision the …

Consumer watchdog halts Biden-era Google Payment supervision, Google spokesperson says Read More »