Reuters US Business

Blackstone explores $3 billion sale of sustainability software firm Sphera, sources say

29 Apr 2025

By Milana Vinn NEW YORK (Reuters) -Blackstone is exploring a $3 billion sale of Sphera, a sustainability software and consulting services provider, according to three people familiar with the matter. The private equity firm has hired investment bankers at William Blair and Evercore to run the sale, which is in its early stages, said the …

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Unions, cities, nonprofits sue to block Trump workforce cuts

29 Apr 2025

By Jonathan Stempel (Reuters) -A coalition of more than two dozen labor unions, cities and nonprofits sued President Donald Trump’s administration, claiming that its broad federal workforce cuts were an illegal power grab. The complaint filed on Monday in San Francisco federal court said the “large-scale reductions in force” that Trump ordered federal agency chiefs …

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Trading Day: Do you want to make a deal?

29 Apr 2025

ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  The 100-day (trade) war Unlike the day before, Wall Street extended the broad-based upswing across Europe and Asia on Tuesday as investors shrugged off a record high U.S. trade deficit in March, and took heart from …

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Brazil’s Gerdau remains optimistic about steel orders from the U.S

29 Apr 2025

SAO PAULO (Reuters) – Brazilian steelmaker Gerdau remains optimistic about the performance of its North American operations, given a high order backlog, despite concerns generated by the U.S. trade policy, executives said on Tuesday. Gerdau reported that it has not seen reductions in customer orders in the U.S., where President Donald Trump’s administration seeks to …

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Caesars Entertainment posts narrower first-quarter loss on sports betting surge

29 Apr 2025

(Reuters) – Casino operator Caesars Entertainment posted a narrower loss on Tuesday, driven by strong performance in its digital unit amid high demand for sports betting. The Reno, Nevada-based company, which manages online gambling segments, has experienced a surge in its digital segment due to growth in retail sports betting. Shares of the company rose …

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Booking Holdings posts upbeat quarterly results helped by international travel

29 Apr 2025

(Reuters) -Online travel agency Booking Holdings beat analysts’ expectations for first-quarter profit and revenue on Tuesday, as sustained demand for international travel helped the company offset weakness in the U.S. amid fears of a recession.  The company has been benefiting from a sustained rise in tourism to Southeast Asian destinations from high-income Chinese tourists. This …

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Smithfield Foods says tariffs make China unviable market for its US pork

29 Apr 2025

By Tom Polansek and Savyata Mishra (Reuters) -China, the world’s biggest pork consumer, is no longer a viable market for top U.S. pork processor Smithfield Foods due to retaliatory tariffs by Beijing, company executives said on Tuesday. The disruption shows how the tariff war escalated by U.S. President Donald Trump is upending global trade and …

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Tesla hiring over 1,000 workers to ramp up Semi truck production, Business Insider reports

29 Apr 2025

(Reuters) -Tesla is hiring more than a thousand new workers in Nevada as the electric vehicle maker looks to ramp up mass production of its much-delayed Semi trucks, Business Insider reported on Tuesday, citing people familiar with the matter. On Monday, Tesla released a video on YouTube announcing that the first units of its electric …

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Amazon in White House crosshairs over report of displaying tariff costs

29 Apr 2025

By David Shepardson, Greg Bensinger and Andrea Shalal WASHINGTON (Reuters) -Amazon said on Tuesday its low-cost Haul unit had considered listing import charges for goods in light of new U.S. tariffs but denied looking at such a plan for its main website, after the White House accused it of a hostile political act. The Seattle …

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Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

29 Apr 2025

By Scott DiSavino NEW YORK (Reuters) – Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC+ to boost output and worried U.S. President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel. Brent crude futures fell by $1.61, or 2.4%, to settle at …

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