Reuters US Business

By Jonathan Stempel NEW YORK (Reuters) -UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook. In a proposed class action filed in Manhattan federal court, shareholders said the insurer defrauded …

UnitedHealth sued by shareholders over its reaction to backlash from executive’s killing Read More »

By Padraic Halpin DUBLIN (Reuters) -FanDuel-owner Flutter on Wednesday cut its forecast for full-year U.S. profit growth, after a winning streak for gamblers dented earnings at the world’s largest online betting company for the second quarter in a row. Bookmakers tend to suffer when favourites win, and Flutter expects U.S. core profit to be $180 …

FanDuel owner cuts US profit forecast on gamblers’ winning streak Read More »

(Reuters) -Occidental Petroleum beat Wall Street estimates for first-quarter profit on Wednesday, helped by strong production and favorable commodity prices. Benchmark Brent crude prices averaged $74.98 a barrel during the first quarter, up 1.3% sequentially, while U.S. natural gas prices have been on an upward trajectory over the past few quarters and touched a two-year …

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(Reuters) -The Federal Reserve held interest rates steady on Wednesday but said the risks of both higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies. The economy overall has “continued to expand at a solid pace,” the Federal Open …

Fed stands pat, but sees higher inflation and growth risks Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said on Wednesday it is eliminating 450 positions as it aims to cut annual costs by $100 million as future support from Congress remains uncertain. Amtrak said through a reduction-in-force process, and cutting of open positions, Amtrak has cut 450 roles that, combined with other recent …

US railroad Amtrak cutting 450 positions, $100 million in annual costs Read More »

(Reuters) -Gilead Sciences announced $11 billion in new planned investment in the U.S. to add to its domestic manufacturing and research heft, becoming the latest company to announce spending plans in reaction to President Donald Trump’s tariff policy. The new investments, unveiled on Wednesday, will supplement an already planned spending of $21 billion to boost …

Gilead boosts planned US investments by $11 billion amid tariff threat Read More »