Reuters US Business

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department said on Thursday that it is taking steps to retain and recruit more air traffic controllers to address a significant staffing shortage. The Federal Aviation Administration, which said in March it planned to hire 2,000 air traffic controller trainees this year, said it will offer retirement-eligible …

US offers incentives to boost air traffic hiring, retention Read More »

By Susan Heavey WASHINGTON (Reuters) -The bond market is sending a signal that the Federal Reserve should be cutting interest rates, U.S. Treasury Secretary Scott Bessent said on Thursday, noting that yields on 2-year Treasury notes were lower than central bank’s policy rate. “We are seeing that two-year rates are now below fed funds rates, …

Bond market thinks Fed should cut rates, Treasury’s Bessent says Read More »

By Patrick Wingrove and Michael Erman (Reuters) -Moderna on Thursday pushed back the time frame for likely approval of a combination vaccine meant to protect against both COVID-19 and influenza, but said exchanges with U.S. drug regulators have remained constructive under Health Secretary and vaccine skeptic Robert F. Kennedy Jr. The U.S. vaccine maker reported …

Moderna says FDA has been constructive, but delays flu/COVID shot Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing contracted for a second straight month in April as tariffs on imported goods strained supply chains, keeping prices at the factory gate elevated and encouraging some firms to lay off workers. The Institute for Supply Management (ISM) survey on Thursday showed President Donald Trump’s protectionist trade policy was …

Tariffs squeeze US manufacturing in April, lift input prices Read More »

By Niket Nishant (Reuters) – Investment giant KKR is ready to put its $116 billion of capital to use as market volatility creates fresh opportunities, it said after posting a nearly 20% jump in first-quarter profit on Thursday. While tariff-driven turbulence has stirred concerns over limited exit opportunities, top KKR executives said its global footprint …

KKR looks to deploy $116 billion cash in choppy market after profit boost Read More »

By Nathan Gomes and Nora Eckert (Reuters) – Ford Motor on Thursday reported a 16% rise in U.S. auto sales for April, aided by strong truck demand and its employee pricing program. Still, its EV sales fell 40%. Demand for vehicles has remained strong, with consumers trying to quickly snap up vehicles before prices potentially …

Ford’s April US sales rise 16%, EV sales plummet Read More »

By Abhirup Roy and Bipasha Dey (Reuters) -Tesla Chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members about a month ago had reached out to several executive search firms to find a replacement for CEO Elon Musk.  Tesla shares rose 2.8% in early trading on Thursday after Denholm called …

Tesla chair denies report that EV maker seeks new CEO to replace Musk Read More »

(Refiles to wider audience with no changes to headline or text) By Manas Mishra, Sneha S K (Reuters) -CVS Health raised its full-year profit forecast on Thursday and said it plans to exit the market for Obamacare health insurance plans in 2026, as it seeks to turn around its fortunes after a series of challenges …

CVS raises profit forecast, to exit Obamacare market as turnaround gains steam Read More »

By Pooja Menon (Reuters) -U.S. utility Dominion Energy reported first-quarter revenue and profit above Wall Street expectations on Thursday, helped by lower interest costs and strong demand from Virginia and South Carolina. Power demand in the U.S. is expected to hit record highs in 2025 and 2026 due to rising demand from AI data centers, …

Dominion beats quarterly estimates on Virginia, South Carolina power demand Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S House of Representatives voted Thursday to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states. The House backed legislation to repeal a waiver granted by the U.S. Environmental Protection Agency under former President Joe Biden in …

US House votes to bar California 2035 electric vehicle plan Read More »