Reuters US Business

Chipotle tempers annual sales forecast as dining-out takes a hit

23 Apr 2025

(Reuters) – Chipotle Mexican Grill on Wednesday tempered its annual comparable sales growth forecast as sticky inflation and economic uncertainty force consumers to dine out less, sending the burrito chain’s shares down 3% after hours. The company now expects annual comparable sales growth in the low single-digit range, compared with a prior forecast for a …

Chipotle tempers annual sales forecast as dining-out takes a hit Read More »

Las Vegas Sands beats quarterly profit estimates on strong Singapore business

23 Apr 2025

(Reuters) – Casino operator Las Vegas Sands surpassed analysts’ expectations for first-quarter profit on Wednesday, as strong demand from its Singapore business offsets stalling market growth in Macao. The company says market growth in Macao has softened in the current environment, as revenue from its Macao operations fell to $1.71 billion in the quarter, from …

Las Vegas Sands beats quarterly profit estimates on strong Singapore business Read More »

Lions Gate shareholders approve split of studio and Starz business, source says

23 Apr 2025

(Reuters) -Shareholders of Lions Gate Entertainment, the studio behind the “John Wick” movie franchise, have approved a plan to split its film and TV studio from the Starz business, a person familiar with the matter told Reuters on Wednesday. The split is intended to streamline operations and better position the company to compete in an …

Lions Gate shareholders approve split of studio and Starz business, source says Read More »

Prominent short seller Andrew Left fails to end US SEC fraud case

23 Apr 2025

By Jonathan Stempel (Reuters) – A federal judge rejected Andrew Left’s bid to dismiss a U.S. Securities and Exchange Commission civil lawsuit accusing the prominent short seller of fraudulently manipulating stock prices, and profiting from trades that contradicted his public statements. In a decision released on Wednesday, U.S. District Judge Sherilyn Peace Garnett in Los …

Prominent short seller Andrew Left fails to end US SEC fraud case Read More »

Trump plans to exempt carmakers from some tariffs, FT reports

23 Apr 2025

(Reuters) – U.S. President Donald Trump is planning to spare carmakers from some tariffs, The Financial Times reported on Wednesday, citing two people with knowledge of the matter. Car parts would be exempted from tariffs that are being imposed on imports from China over fentanyl and tariffs levied on steel and aluminum, the report added. …

Trump plans to exempt carmakers from some tariffs, FT reports Read More »

China, US seek to portray each other as bullies at UN

23 Apr 2025

By Michelle Nichols UNITED NATIONS (Reuters) – China and the United States accused each other of unfair trade practices at an informal United Nations Security Council meeting on Wednesday, seeking to portray each other as global bullies amid their escalating trade war. China convened the meeting on “the impact of unilateralism and bullying practices on …

China, US seek to portray each other as bullies at UN Read More »

Lilly sues four compounders over copies of weight-loss drugs

23 Apr 2025

(Reuters) -Eli Lilly said on Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, after a U.S. judge last month blocked pharmacies from making copies of its weight-loss and diabetes medicines. Compounders were, until recently, allowed to produce copies of obesity drugs while the FDA classified them as being in shortage, under …

Lilly sues four compounders over copies of weight-loss drugs Read More »

Wall Street rallies as worries about tariff war, Powell tenure subside

23 Apr 2025

(Reuters) – The benchmark S&P 500 US stock Index rallied to a two-week high on Wednesday on hopes for a de-escalation in the U.S.-China trade war and as President Donald Trump scaled back his threats to fire Federal Reserve Chair Jerome Powell. The prospect of negotiations between Washington and Beijing, currently locked in an escalating …

Wall Street rallies as worries about tariff war, Powell tenure subside Read More »

EQT plans to spend less while producing more US natgas in 2025

23 Apr 2025

By Scott DiSavino (Reuters) -U.S. energy company EQT, the country’s second-biggest natural gas producer, plans to reduce capital spending but produce more energy in 2025, while rival Range Resources said it would hold expenditures and output relatively steady from 2024. The companies released their spending plans late Tuesday alongside first quarter earnings statements. With U.S. …

EQT plans to spend less while producing more US natgas in 2025 Read More »

Price hikes, a rush to buy autos, and uncertainty in wake of Trump tariffs — Fed report

23 Apr 2025

(Reuters) -Prices are rising and economic activity has begun to slow across parts of the nation as businesses and households try to adapt to U.S. President Donald Trump’s erratic rollout of sweeping tariffs aimed at reshaping global trade, a report Wednesday from the Federal Reserve showed. The “Beige Book,” as the report is known, captured …

Price hikes, a rush to buy autos, and uncertainty in wake of Trump tariffs — Fed report Read More »

Close Bitnami banner
Bitnami