Reuters US Business

By Ismail Shakil and Marcelo Teixeira NEW YORK (Reuters) -U.S. President Donald Trump on Thursday removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July to punish Brazil over the prosecution of its former president, Trump ally Jair Bolsonaro.  The move follows a similar order by …

Trump signs order to remove tariffs from Brazilian beef, coffee Read More »

(Corrects name of cybersecurity expert cited in paragraph 7) By Raphael Satter WASHINGTON (Reuters) -Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer data. In a brief statement published to its status portal, Salesforce said the Gainsight-published applications, which are installed and managed by customers “may have enabled …

Salesforce says customer data possibly exposed following incident Read More »

By Mike Scarcella WASHINGTON (Reuters) -Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from his multibillion-dollar purchase of Twitter. X told a state court …

Musk’s X ends $90 million lawsuit against law firm Wachtell Read More »

(Reuters) -Philadelphia Federal Reserve President Anna Paulson said on Thursday she is approaching the U.S. central bank’s next meeting “cautiously,” despite supporting its last two interest rate cuts, as the threat of prolonged high inflation needs to be balanced with the risk of rising unemployment. “On the margin, I’m still a little more worried about …

Fed’s Paulson is ‘cautiously’ approaching December rate decision, she says  Read More »

By Blake Brittain (Reuters) -Electric air-taxi company Joby Aviation has sued rival Archer Aviation in California state court for allegedly stealing its trade secrets, according to a complaint made public on Thursday. Joby said in the lawsuit, filed on Wednesday in state court in Santa Cruz, California, that Archer hired away a Joby employee, George …

Joby Aviation sues air-taxi rival Archer over trade secrets Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia’s earnings and U.S. jobs data muddied the labor market outlook. The Nasdaq registered its lowest close since September 11, while the S&P 500 had its lowest …

Wall Street indexes end lower after sharp reversal, tech leads drop Read More »

(Reuters) -A planned $20 billion bailout for Argentina from JPMorgan Chase, Bank of America and Citigroup has been shelved as bankers pivot instead to a smaller, short-term loan package, the Wall Street Journal reported on Thursday, citing sources. In October, the U.S. Treasury reached a $20 billion exchange-rate stabilization agreement with Argentina, to be paired …

US banks shelve $20 billion bailout plan for Argentina, WSJ reports Read More »