Reuters US Business

Snap offers Australians bank-linked age proof tool ahead of teen social media ban

24 Nov 2025

(Corrects to say ConnectID is a software programme, not an application, in paragraph 3) SYDNEY (Reuters) -Snap said on Monday it will offer Australians the chance to verify their age with software owned by the country’s banks as the internet platform complies with a teenage social media ban which takes effect next month. Australia approved …

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No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

23 Nov 2025

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given easing interest rates and tax cuts. Bessent told NBC’s “Meet the Press” program that parts of …

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says Read More »

Kohl’s to name Michael Bender as permanent CEO, Bloomberg News reports

23 Nov 2025

(Reuters) -Kohl’s Corp is expected to appoint Michael Bender as its permanent chief executive as early as Monday, Bloomberg News reported on Sunday, citing a person familiar with the matter. The board interviewed several candidates before opting to appoint Bender, according to the report. Reuters could not immediately verify the report. Kohl’s did not immediately …

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Analysis-Investors eye holiday season turbulence amid AI and rate cut doubts

23 Nov 2025

By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) -Stock market investors are preparing for a turbulent year-end sparked by uncertainty over near-term Federal Reserve interest rate cuts and mounting worries that artificial intelligence companies, which have propelled the market to new records this year, are overvalued. The market continued to slide this past …

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Canada says it will resume US trade talks ‘when appropriate’

23 Nov 2025

JOHANNESBURG (Reuters) -Canada will resume trade discussions with the United States “when it’s appropriate,” Canadian Prime Minister Mark Carney said on Sunday, noting he did not have a pressing issue to address with President Donald Trump. Trump last month suspended the talks over an anti-tariff advertisement issued by Ontario’s provincial government. “We are very busy …

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Fed’s Collins: Monetary policy currently in right place, hesitant about cutting rates

22 Nov 2025

By Michael S. Derby BOSTON (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Saturday that she’s still leaning against the U.S. central bank cutting its interest rate target next month as it faces ongoing risks to both its inflation and job mandates.   “I do see reasons to be hesitant” about lowering the cost …

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Bill Ackman eyes dual public offerings for Pershing Square and new fund, WSJ reports

22 Nov 2025

(Reuters) -Billionaire investor Bill Ackman plans to take his hedge-fund firm Pershing Square and a new investment fund public early next year, the Wall Street Journal reported on Friday, citing people familiar with the matter. The move would mark a significant milestone for the activist investor whose elaborate commentary on finance and politics is closely …

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Judge in Google ad tech case seeks quick fix for web giant’s monopolies

22 Nov 2025

By Jody Godoy ALEXANDRIA, Virginia (Reuters) -The U.S. judge considering whether to order a breakup of Google’s advertising technology business asked the Department of Justice on Friday how quickly such a remedy would take effect, saying, “time is of the essence.” Google has so far come away largely unscathed from a bipartisan government legal crackdown …

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Tyson Foods to close major US beef plant as cattle supplies dwindle

22 Nov 2025

By Tom Polansek CHICAGO (Reuters) -Tyson Foods will close a major beef plant in Lexington, Nebraska, with about 3,200 employees in January after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said on Friday. The closure in the heart of cattle-feeding country signaled that supplies will remain tight, forcing …

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Wall Street indexes jump as rate cut bets increase but post losses for week

22 Nov 2025

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks rallied on Friday as investors increased bets that the Federal Reserve will cut interest rates next month,  while all three of the major indexes posted losses for the week amid concerns over lofty technology valuations. The Nasdaq fell for a third straight week in its longest run …

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