Reuters US Business

By Jody Godoy WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Monday sued Uber Technologies, accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service. The service costs $9.99 a month and offers discounts on fees associated with Uber’s ride-hailing and food-delivery apps. Uber falsely …

FTC accuses Uber of misleading subscribers Read More »

(Reuters) -Chipotle Mexican Grill is expanding internationally with a location in Mexico that is set to open early next year, it said on Monday, bringing its tacos and burritos to the region for the first time. The company will enter the country through a partnership with Mexican restaurant operator Alsea and will begin exploring additional …

Chipotle plans Mexican foray with first outlet in 2026 Read More »

By Jonathan Stempel (Reuters) -A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify, a decision that could make it easier for American courts to assert jurisdiction over internet-based platforms. In a 10-1 decision, the 9th U.S. Circuit Court of Appeals in San Francisco said the Canadian e-commerce company can be …

Shopify must face data privacy lawsuit in US Read More »

By Siddharth Cavale WASHINGTON (Reuters) -U.S. President Donald Trump met with major retailers, including Walmart, Home Depot, Lowe’s and Target, on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import. Big U.S. chains, like Walmart and Target, rely heavily on imported goods, and tariffs — including 145% levies …

Trump meets with US retailers to discuss tariffs Read More »

By Pete Schroeder WASHINGTON (Reuters) -A top U.S. bank regulator told staff on Monday that it plans to cut its workforce by roughly 20% as part of the Trump administration’s broader efforts to cull the federal workforce. The Federal Deposit Insurance Corporation told staff in an email it plans to launch several initiatives aimed at …

US bank regulator lays out plans for 20% staff reduction, emails says Read More »

By Michael S. Derby (Reuters) -Anna Nordstrom was tapped Monday as the permanent head of the Federal Reserve Bank of New York’s Markets Group, a role she takes on immediately, the bank said in a press release on Monday. Nordstrom, who has been with the New York Fed since 2008, had been serving as interim …

NY Fed appoints Anna Nordstrom as Markets Group chief Read More »

By Mike Scarcella (Reuters) -Elon Musk’s electric vehicle company Tesla has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio. Tesla and lawyers for the estate disclosed the settlement in a filing on Monday in …

Tesla settles wrongful death lawsuit claiming sudden acceleration in Ohio crash Read More »

(Reuters) -Wall Street stocks skidded on Monday after U.S. President Donald Trump doubled down on attacks against Federal Reserve Chair Jerome Powell, amplifying concerns about the central bank’s autonomy and rattling markets. Trump repeated his criticism of Powell, saying in a Truth Social post that the economy could slow down unless interest rates are lowered …

US stocks nosedive as Trump harangues Powell Read More »