Reuters US Business

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack on Thursday called for patience on monetary policy amid high levels of uncertainty, and did not rule out monetary policy changes by June if the data suggested action was needed. “We’ll be watching the data carefully and I enter every …

Fed’s Hammack says time for Fed to be patient on policy – CNBC Read More »

WASHINGTON (Reuters) -Orders for long-lasting U.S. manufactured goods surged in March on strong demand for commercial aircraft, but activity elsewhere was muted, likely as businesses exercised caution against the backdrop of a darkening economic outlook caused by tariffs. Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, …

US durable goods orders soar on aircraft bookings in March Read More »

By Lisa Baertlein NEW ORLEANS (Reuters) -U.S. truckers are moving record volumes of auto parts, appliances and sneakers after their customers stocked up ahead of President Donald Trump’s tariffs, but an industry slowdown looms as those new duties start choking economic activity.     The $906 billion U.S. trucking industry was clawing back from a nearly three-year …

Trump trade war is wrecking hope for 2025 US trucking rebound Read More »

(Reuters) -Cessna business jet maker Textron beat first-quarter profit and revenue estimates on Thursday, driven by sustained strength in its Bell segment as well as robust demand for aftermarket parts and services in its Aviation segment. Defence contractors such as Providence, Rhode Island-based Textron have been benefiting from the rise in munitions demand and funding …

Textron beats quarterly estimates on military helicopter, aviation aftermarket demand Read More »

(Reuters) -U.S. defense contractor L3Harris Technologies on Thursday cut its full-year profit and revenue forecasts after missing quarterly sales expectations, citing decreased volumes in its space unit and the divestment of its aviation solutions business. Shares of the company fell about 3% in premarket trading. The Melbourne, Florida-based company said it expects an adjusted profit …

L3Harris cuts 2025 forecasts on aviation business divestiture Read More »

(Reuters) – Volkswagen will supply thousands of electric vans in a collaboration agreement with Uber Technologies as the partners seek to offer rides in fully autonomous vehicles in the United States over the next decade, the German carmaker said. Testing is expected to begin later this year, with the first commercial launch of the service …

VW to contribute self-driving electric vans in U.S. pact with Uber Read More »