Reuters US Business

By Georgina McCartney HOUSTON (Reuters) -The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up, analytics firm Enverus said on Wednesday, even though dealmaking jumped last quarter to the second-best start to the year since 2018. The …

Weak oil prices, limited shale acreage to hit energy M&A in 2025, Enverus says Read More »

(Reuters) -Elon Musk’s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The company has started preliminary discussions with potential investors, but terms of the funding round are not yet finalized, according to the …

Musk’s Neuralink could fetch $8.5 billion valuation, Bloomberg News reports Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. business activity slowed to a 16-month low in April while prices charged for goods and services soared amid uncertainty caused by tariffs, reinforcing financial market fears of stagflation that could put the Federal Reserve in a tough spot. The survey from S&P Global on Wednesday also showed President Donald …

Tariffs restrain US business activity, boost asking prices for products Read More »

By Aatreyee Dasgupta and Mike Stone (Reuters) -General Dynamics reported a 27% rise in first-quarter profit on Wednesday, driven by recovery in its aerospace segment as well as sustained strength in its defense business. The aerospace unit, which makes Gulfstream business jets, posted a 45% increase in revenue in the reported quarter, compared to the …

General Dynamics beats results estimates on sustained defense demand, aerospace recovery Read More »

By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs shareholders voted to approve pay packages, including hefty retention bonuses, for top executives CEO David Solomon and president John Waldron.  They also voted in favor of other management proposals including the election of the firm’s board of directors, according to a preliminary voting count announced during a …

Goldman shareholders OK executive pay packages, CEO warns of uncertain economic outlook Read More »

(Reuters) -Philip Morris International hiked its annual profit forecast on Wednesday, delivering early on investor hopes for outlook raises throughout 2025, thanks to the performance of newer products, including the nicotine pouch brand ZYN. Investors have cheered the Marlboro maker’s performance in recent quarters, as it has beaten forecasts and raised its outlook amid growth …

Marlboro maker Philip Morris lifts profit forecast on ZYN demand Read More »