Reuters US Business

(Reuters) -Cadence Design Systems raised its annual revenue and profit forecasts on Monday, betting on resilient demand for its chip design software from semiconductor firms amid an AI boom, but tariff-led concerns around its China business cast a shadow. Elevated demand for speedy and complex artificial intelligence processors has benefited the company, which provides software …

Cadence raises annual forecasts on design software demand but tariff fears persist Read More »

(Reuters) – Insurance brokerage Brown & Brown reported a 13% rise in first-quarter profit on Monday, benefiting from higher income from commissions and fees. Insurance brokerages, such as Brown & Brown, serve as a bridge between an insurer and customers, helping clients find a policy that best suits their needs. Unlike insurers, they do not …

Brown & Brown’s profit rises on higher income from fees Read More »

By Zaheer Kachwala and Aditya Soni (Reuters) -IBM will invest $150 billion in the U.S., including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration’s push for local manufacturing. The company’s announcement on Monday follows similar pledges by tech giants such as Nvidia …

IBM to invest $150 billion in US over next five years to aid quantum push Read More »

By Stephanie Kelly NEW YORK (Reuters) -The Trump administration on Monday issued an emergency waiver to allow the sale of a higher-ethanol gasoline blend to be sold this summer nationwide, saying it will add to fuel supply during the peak U.S. driving season and bring down costs. The move likely will benefit biofuel producers and …

Trump administration allows temporary sales of summertime higher-ethanol fuel Read More »

By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar slid across the board on Monday, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data, which may initially provide an indication on whether U.S. President Donald Trump’s trade war is hitting home. …

Dollar falls broadly ahead of US data, tariff uncertainty Read More »

By Karen Brettell NEW YORK (Reuters) -The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for the fifth straight quarter when it announces its refunding plans on Wednesday, but investors will focus on any clues about increases further down the road, or on the likelihood of a possible near-term cut. …

After yield surge, US Treasury expected to keep auction sizes steady Read More »

(Reuters) -India’s Adani Green on Monday said that its independent review of the U.S. indictment of founder Gautam Adani and top Adani Green executives, who were accused of paying $265 million in bribes for power contracts, did not identify any non-compliance or irregularities. In November, U.S. authorities indicted Gautam Adani, his nephew and Executive Director …

India’s Adani Green says independent review on US indictment found no irregularities Read More »