Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to a two-month low last week, suggesting labor market conditions remained stable in April, though uncertainty around tariffs is making businesses hesitant to boost hiring. President Donald Trump’s import duties are squeezing the housing market, with other data on …

US labor market stable; tariffs depress single-family homebuilding Read More »

By Noel Randewich and Lisa Pauline Mattackal (Reuters) -Wall Street stocks ended mixed on Thursday, lifted by Eli Lilly and Apple, as investors weighed progress in U.S. trade negotiations with Japan against concerns about the interest rate outlook. Traders leaned toward optimism following U.S. President Donald Trump’s comments about “big progress” in the bilateral talks after Wednesday’s …

Wall Street choppy as Eli Lilly jumps, UnitedHealth plummets Read More »

By Stephen Nellis and Karen Freifeld (Reuters) -Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips. Nvidia’s AI chips have been a key focus of U.S. export controls as U.S. …

Nvidia faces $5.5 billion charge as US restricts chip sales to China Read More »

(Reuters) – U.S. President Donald Trump issued an executive order aimed at increasing domestic seafood production by directing the Commerce Department to loosen regulations and by opening up marine monuments to commercial fishing, the White House said on Thursday. WHY IT’S IMPORTANT The order is Trump’s latest effort to unwind regulations his administration regards as …

Trump order seeks looser regulation of US fishing industry Read More »

By Jonathan Stempel (Reuters) – Tesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk’s company from having to pay for repairs. The plaintiff Nyree Hinton alleged that Tesla odometer readings reflect energy consumption, driver behavior and “predictive algorithms” rather …

Tesla speeds up odometers to avoid warranty repairs, US lawsuit claims Read More »

By Howard Schneider (Reuters) -U.S. President Donald Trump on Thursday launched a series of attacks against Federal Reserve Chair Jerome Powell, accusing the central bank chief of “playing politics” by not cutting interest rates, asserting he had the power to evict Powell from his job “real fast,” and looking forward to the day when Powell …

Trump amps up feud with Fed over rates, accuses Powell of ‘playing politics’ Read More »

(Reuters) -MP Materials, which owns the only U.S. rare earths mine, said on Thursday it has stopped shipping the critical minerals to China for processing after Beijing boosted import tariffs to 125% in response to U.S. levies, sending the company’s shares down nearly 5%. The move essentially halts a major source of revenue for MP …

MP Materials stops sending US rare earths to China amid Beijing’s tariffs Read More »

By Pritam Biswas and Ateev Bhandari (Reuters) – Kraken, one of the world’s largest cryptocurrency exchanges, is reorganizing its workforce by reducing some positions and consolidating teams where redundancies exist, while continuing to hire in key areas, a company spokesperson said on Thursday. “We continuously evaluate our workforce to ensure it aligns with our strategic …

Cryptocurrency exchange Kraken cuts redundant roles amid traditional finance push Read More »