Reuters US Business

Business leaders agree AI is the future. They just wish it worked right now

16 Dec 2025

By Deepa Seetharaman, Supantha Mukherjee and Krystal Hu SAN FRANCISCO/STOCKHOLM, Dec 16 – Last spring, CellarTracker, a wine-collection app, built an AI-powered sommelier to make unvarnished wine recommendations based on a person’s palate. The problem was the chatbot was too nice.  “It’s just very polite, instead of just saying, ‘It’s really unlikely you’ll like the …

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Citadel’s Griffin urges White House to ‘distance’ itself from Fed, Financial Times reports

16 Dec 2025

Dec 16 (Reuters) – Citadel’s CEO Ken Griffin has urged President Donald Trump to create “distance” between the Federal Reserve and the White House, the Financial Times reported on Tuesday, as economic adviser Kevin Hassett emerges as one of the frontrunners to lead the U.S. central bank. Trump has identified Hassett, director of the White …

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Copper dips after US jobs data

16 Dec 2025

By Polina Devitt LONDON, Dec 16 (Reuters) – Copper prices retreated on Tuesday as investors assessed the latest U.S. jobs data while thin year-end liquidity exacerbates price swings.  Benchmark three-month copper on the London Metal Exchange lost 0.3% to $11,624.50 a metric ton by 1720 GMT. It hit a record of $11,952 on Friday on …

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X Corp sues social media startup over bid to claim ‘Twitter’ brand

16 Dec 2025

By Blake Brittain Dec 16 (Reuters) – Elon Musk’s X Corp sued a startup on Tuesday after it sought to cancel X’s Twitter trademarks so it can “bring Twitter back” as a new social media platform. X said in the lawsuit in Delaware federal court that its Twitter brand is still “alive and well” and “not …

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Dallas Fed paper argues federal funds rate transmission effectiveness waning

16 Dec 2025

By Michael S. Derby NEW YORK, Dec 16 (Reuters) – New research from the Federal Reserve Bank of Dallas is building the case for a change in the interest rate the central bank targets to achieve its monetary policy goals. In a paper released Tuesday, Sam Schulhofer-Wohl, who serves as senior advisor to Dallas Fed …

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Brazil’s Petrobras sees no production impact as strikes kick off in oil platforms and refineries

16 Dec 2025

RIO DE JANEIRO, Dec 15 (Reuters) – A strike at Brazil’s Petrobras has reached workers in refineries and offshore oil platforms, according to local union FUP, as the state-run oil firm said the mobilization has had no impact on output so far. The firm said on Monday that it has adopted contingency measures to ensure …

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Petrobras strike hits platforms and refineries on second day, union says

16 Dec 2025

RIO DE JANEIRO, Dec 16 (Reuters) – A strike at Brazilian state-run oil company Petrobras entered its second day on Tuesday, affecting 24 oil platforms and eight refineries, union FUP said in a statement. * The nationwide strike stems from an ongoing dispute over adeficit in the company’s pension fund and proposed changes toemployee compensation, …

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More rate cuts could reignite inflation, hurt Fed credibility, Bostic says

16 Dec 2025

WASHINGTON, Dec 16 (Reuters) – Further interest rate cuts could put U.S. monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation expectations, Atlanta Federal Reserve President Raphael Bostic said on Tuesday. “Moving monetary policy near or into accommodative territory, which …

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Apollo Global weighs sale of Atlas Air for about $12 billion, Bloomberg News reports

16 Dec 2025

Dec 16 (Reuters) – Apollo Global is weighing a potential sale of its air-freight company Atlas Air, Bloomberg News reported on Tuesday, citing people familiar with the matter. The report added that the investment firm is in the early stages of the potential divestment and may seek to value the business at more than $12 …

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Kraft Heinz taps former Kellogg chief as CEO to steer split

16 Dec 2025

By Aishwarya Venugopal and Jessica DiNapoli Dec 16 (Reuters) – Kraft Heinz on Tuesday named former Kellogg chief Steve Cahillane its new CEO, tasking the industry veteran with leading the packaged food giant through a planned split into two standalone companies after years of sluggish growth. The company decided to break up in September into …

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