Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -U.S. employment growth accelerated in September, but the labor market remained sluggish and failed to keep pace with new job-seekers as employers dealt with fallout from import tariffs and integrated artificial intelligence into some positions. The jobless rate rose to 4.4%, its highest level in four years, from 4.3% in …

US posts solid job growth in September, but unemployment rate rises Read More »

By Jody Godoy and Karen Freifeld (Reuters) -U.S. President Donald Trump is considering an executive order that would seek to preempt state laws on artificial intelligence through lawsuits and by withholding federal funding, according to a draft of the order seen by Reuters on Wednesday. The move, which is likely to face pushback from states, …

Trump considering executive order to preempt state AI laws Read More »

By Ann Saphir and Michael S. Derby (Reuters) -Concerns about financial market stability, including the potential for a sharp drop in asset prices, are emerging as a fresh theme for Federal Reserve officials as they debate when and even whether to cut interest rates further.  In a talk at Georgetown University on Thursday, Federal Reserve …

Fed officials eye financial stability as they debate next rate move Read More »

By Pritam Biswas (Reuters) -Central Bancompany jumped 5% in its Nasdaq debut on Thursday, fetching the U.S. lender a valuation of $5.26 billion and extending this year’s streak of financial firms going public. The company’s shares opened at $22.06, above its IPO price of $21 apiece at which it raised $373.33 million by selling around …

Central Bancompany valued at $5.26 billion in Nasdaq debut Read More »

(Reuters) -Lucid Group on Thursday launched a cheaper variant of its Gravity SUV with a starting price of $79,900, as the luxury electric-vehicle maker seeks to reach a broader audience amid slowing EV sales in United States. The Gravity Touring, offers up to 337 miles of range and seats seven, joining the higher-priced Grand Touring …

Lucid launches cheaper variant of Gravity electric SUV to broaden appeal Read More »

By Allison Lampert and David Shepardson (Reuters) -The National Transportation Safety Board said on Thursday it has found evidence of fatigue cracks in a key part of a UPS MD-11 cargo jet that crashed this month in Kentucky, an important clue into the cause of the incident that killed 14.   Air safety experts said the …

Evidence of fatigue cracks a ‘major clue’ in fatal UPS cargo jet crash, experts say Read More »

By Dawn Kopecki NEW YORK (Reuters) -The AI boom is bringing new risks to the financial markets as investors flock to tech stocks and executives pay steep premiums to buy AI technology they cannot build in-house, warned two top finance executives. AI has become the “number one topic of conversation” for both investors and corporate …

AI boom brings fresh risks to US markets, and more money to M&A Read More »