Reuters US Business

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni (Reuters) – Microsoft forecast on Wednesday stronger-than-expected quarterly growth for its cloud-computing business Azure after blowout results in the latest quarter, calming investor worries in an uncertain economy and lifting its shares 7% after hours.  Microsoft’s results, which follow similar outcomes from Google last week, could …

Microsoft forecasts strong growth for Azure cloud business, shares surge 7% Read More »

TOKYO (Reuters) -The Bank of Japan kept interest rates steady and slashed its growth forecasts on Thursday, as the hit to global demand from higher U.S. tariffs cloud the outlook for the country’s fragile economic recovery. As widely expected, the board decided to keep the BOJ’s short-term policy rate unchanged at 0.5% by a unanimous …

BOJ keeps rates steady, cuts growth forecasts Read More »

By Jaspreet Singh and Kenrick Cai (Reuters) -Meta Platforms rode strong advertising performance to beat analysts’ revenue estimates for the first quarter and match expectations for the next quarter on Wednesday, assuaging investor concerns over tariff-related economic growth fears. The Facebook and Instagram parent also increased planned capital expenditures this year as it speeds up …

Meta’s strong ad sales dampen tariff-induced fears Read More »

By Kat Stafford, Kia Johnson, Jayla Whitfield-Anderson BOYDTON, Virginia (Reuters) -As a fourth generation farmer, Virginia resident John Boyd Jr typically spends the busy spring season prepping his land to plant sweet corn seeds and soybeans. But Boyd, the president and founder of the National Black Farmers Association, has also been busy fielding inquiries from …

Black US farmers brace for impact amid tariffs turmoil Read More »

By David Morgan WASHINGTON (Reuters) -A narrowly divided U.S. Senate rejected the latest bipartisan bid to block President Donald Trump’s tariffs on Wednesday, just hours after the federal government reported that the nation’s economy contracted for the first time in three years amid the chaos of the president’s tariff policies. Senate Majority Leader John Thune …

US Senate rejects bill to rein in Trump tariffs as economy contracts Read More »

By Juby Babu (Reuters) -E-commerce firm eBay said on Wednesday that its Chief Financial Officer Steve Priest will step down in May and will be replaced by Peggy Alford, who was a vice president at PayPal. EBay forecast second-quarter revenue above estimates and also beat market expectations for quarterly revenue, but cautioned that it is …

EBay announces CFO transition; sees quarterly revenue ahead of estimates Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. House Republicans on Wednesday advanced a new $250 annual fee on electric cars but dropped a $20 federal yearly registration fee on all vehicles starting in 2031 to fund road repairs as part of a tax reform bill under consideration. The House Transportation and Infrastructure Committee voted 36-30 to …

US House Republicans drop federal $20 vehicle registration fee, back $250 EV fee Read More »