Reuters US Business

WASHINGTON (Reuters) – Apple CEO Tim Cook spoke with U.S. Commerce Secretary Howard Lutnick last week about the potential impact of President Donald Trump’s tariffs on iPhone prices, the Washington Post reported on Thursday, citing two people familiar with the phone call. Trump last week granted tariff exclusions to smartphones, computers and some other electronics …

Apple CEO spoke with Lutnick about tariff impact on iPhone prices, Washington Post says Read More »

By Mike Stone, Marisa Taylor WASHINGTON (Reuters) -Elon Musk’s SpaceX and two partners have emerged as frontrunners to win a crucial part of President Donald Trump’s “Golden Dome” missile defense shield, six people familiar with the matter said. Musk’s rocket and satellite company is partnering with software maker Palantir and drone builder Anduril on a …

Musk’s SpaceX is frontrunner to build Trump’s Golden Dome missile shield Read More »

(Reuters) – Citi Research on Thursday raised its gold price target for the next three months to $3,500 per ounce from $3,200, driven by fresh gold buying from Chinese insurers and safe-haven flows amid tariff risks and market weakness. “We think gold is likely to be in an extremely rare physical deficit at present, meaning …

Citi lifts 0-3 month gold price target to $3,500 on China buying, safe-haven demand Read More »

By Indradip Ghosh BENGALURU (Reuters) – An aggressive U.S. tariff policy will trigger a significant slowdown in the U.S. economy this year and next, with the median probability of recession in the next 12 months approaching 50%, according to economists polled by Reuters. A sudden 90-day pause in reciprocal tariffs on trading partners imposed by …

Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll Read More »

By Sriparna Roy and Bhanvi Satija (Reuters) -UnitedHealth Group surprised investors with what its CEO said was an “unusual and unacceptable” quarterly earnings miss, and it lowered its outlook for the full year due to higher-than-expected medical costs, sparking a more than 20% selloff in shares that reverberated across the sector. The company’s first earnings …

UnitedHealth shares crash after surprise earnings miss, cuts to forecast Read More »