Reuters US Business

By Jonathan Stempel NEW YORK (Reuters) -The U.S. Consumer Financial Protection Bureau reached a $1.75 million settlement with MoneyLion to settle charges that the online lender overcharged military personnel on loans, in possibly one of the agency’s final actions as it winds down enforcement activity. MoneyLion, a unit of Gen Digital, had been accused in …

US CFPB settles with MoneyLion as enforcement activity winds down Read More »

By Steve Holland and Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump and New York City Mayor-elect Zohran Mamdani agreed on Friday that New York-based utility Con Edison needed to lower its rates. In a White House meeting, the Republican president and the incoming democratic socialist mayor discussed cost-of-living concerns. “We are going to have …

Trump, Mamdani say NY utility Con Edison needs to cut rates Read More »

By Sheila Dang HOUSTON (Reuters) -Exxon Mobil has paused plans to build what would be one of the world’s largest hydrogen production facilities due to weak customer demand, CEO Darren Woods told Reuters in an interview on Friday. The suspension of the project, which had already experienced delays, reflects a wider slowdown in efforts by …

Exxon freezes plans for major hydrogen plant amid weak customer demand Read More »

By Pete Schroeder WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau announced on Friday that it intends to continue supervising financial institutions on a limited basis in 2026, signaling a shift from acting Director Russell Vought’s previous pledge to completely dismantle the agency. While the agency has been significantly scaled back under the Trump administration, …

US consumer bureau shifts to limited oversight instead of dismantling agency Read More »

(Reuters) -U.S. President Donald Trump signed a proclamation on Friday to ease regulatory requirements on certain coke oven processing plants, the White House said. Coke ovens are manufacturing plants or blast furnaces for making coking coal, a key raw material in steelmaking. The proclamation gives some plants an exemption from certain emissions requirements for a …

Trump signs proclamation to ease regulations on some coke oven processing plants Read More »

By Dawn Chmielewski and Chris Sanders (Reuters) -Paramount Skydance, Comcast and Netflix are bidding to buy Warner Bros Discovery, Reuters reported on Thursday, but each company’s bid faces its own political and regulatory risks. Factors to watch include market share imbalances each bidder could bring, investors and public comments by U.S. President Donald Trump or his …

Bidders for Warner Bros Discovery face barrage of political and regulatory risks Read More »

BRASILIA (Reuters) -Brazil’s government said on Friday that 22% of its exports to the United States remain subject to a 40% extra tariff after Donald Trump expanded the list of exemptions to include goods such as coffee, meat and fruit. Speaking to journalists, Vice President Geraldo Alckmin noted that before Washington’s decision on Thursday, that …

Trump tariff relief leaves 22% of Brazil’s shipments still hit Read More »