Reuters US Business

World breathes sigh of relief as Trump spares Fed, IMF

26 Apr 2025

By Francesco Canepa, Jan Strupczewski and Leika Kihara WASHINGTON (Reuters) -Global policymakers gathering in Washington this week breathed a collective sigh of relief that the U.S.-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump’s inward-looking approach. The Spring Meetings of the International Monetary Fund and the …

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Nissan wants to end vehicle production at Wuhan plant, sources say

26 Apr 2025

TOKYO (Reuters) -Nissan Motor wants to end vehicle production at its Wuhan plant in China by March 31, 2026, two sources with knowledge of the plan said. The decision comes after the operation rate at the 300,000 vehicle capacity plant, which produces the Ariya electric vehicle and X-Trail SUV, fell off amid stiff competition from …

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Exclusive-China’s Leapmotor to supply EV platform to Hongqi

26 Apr 2025

SHANGHAI (Reuters) – (This April 24 story has been corrected to add a Leapmotor statement clarifying that it is not holding ongoing discussions or negotiations with Ferrari over a partnership and to remove Ferrari from the headline) Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver an electric vehicle platform that will …

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Elon Musk’s xAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports

26 Apr 2025

(Reuters) -Elon Musk’s xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter. The transaction would value the company at more than $120 billion, the report said, citing one …

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Unilever says it didn’t seek Ben & Jerry’s CEO ouster, urges lawsuit be dismissed

26 Apr 2025

By Jonathan Stempel NEW YORK (Reuters) -Unilever on Friday rejected the claim it tried to oust former Ben & Jerry’s chief executive Dave Stever for supporting his company’s progressive social activism, saying it offered him a bigger role and more pay but he chose to resign. In a court filing, Unilever also sought the dismissal …

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Loeb’s Third Point builds stake in Band-Aid maker Kenvue

26 Apr 2025

By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Daniel Loeb’s hedge fund Third Point is building a stake in Kenvue, sources familiar with the matter said on Friday, as some investors are pushing for strategic changes at the consumer healthcare company. News of Third Point’s investment in the $44 billion Summit, New Jersey-headquartered maker of …

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US agency eases some self-driving safety rules, sending Tesla stock soaring

26 Apr 2025

By David Shepardson WASHINGTON (Reuters) -The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday. CEO Elon Musk, a close adviser to President Donald Trump, has repeatedly pledged to …

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Former Fed governor Warsh blasts US central bank for leaving its lane

25 Apr 2025

By Francesco Canepa WASHINGTON (Reuters) -Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on Friday unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates. In a …

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Starbucks union rejects company’s recent offer of at least 2% annual pay raise

25 Apr 2025

(Reuters) -Starbucks union delegates involved in contract bargaining voted to reject the coffee chain’s latest proposal that guaranteed annual raises of at least 2%, Workers United said. Out of the 490 baristas representing the company’s more than 550 unionized U.S. stores, 81% rejected the proposal, which did not offer any changes to economic benefits such …

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US senator raises concern about SEC oversight of Trump Media investment products

25 Apr 2025

By Michelle Conlin NEW YORK (Reuters) -Democratic Senator Elizabeth Warren asked the U.S. securities regulator on Friday about its plans to supervise exchange-traded funds due to be launched by a company founded and majority-owned by President Donald Trump, citing concerns about conflicts of interest. “All SEC decisions and actions involving (Trump Media & Technology Group) …

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