Reuters US Business

Health insurance stocks soar after boost to Medicare reimbursement rates

8 Apr 2025

(Corrects paragraph 3 to say the final rates are more than double of provisional rates in January, not roughly double) (Reuters) – Shares of U.S. health insurers jumped on Tuesday after a bigger-than-expected increase in the government’s reimbursement rates for Medicare Advantage plans in 2026 signaled some relief for a sector burdened with steep medical …

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Canada says counter-tariffs against some US-made autos will start April 9

8 Apr 2025

OTTAWA (Reuters) – The 25% counter-tariffs Canada said last week it would impose on some U.S.-made vehicles will go into effect on April 9, the federal finance ministry said on Tuesday. “These countermeasures will remain in place until the U.S. eliminates its tariffs against the Canadian auto sector,” it said in a statement. (Reporting by …

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Bill Ackman reiterates call for pause on implementing Trump’s tariffs

8 Apr 2025

By Niket Nishant (Reuters) – Billionaire fund manager Bill Ackman, who endorsed Donald Trump’s run for president, on Tuesday ratcheted up his pleas with Washington to hit pause on tariffs to stave off “a major global economic disruption.” While tariffs are an essential tool for eliminating “unfair trading practices” by partners, implementing them without allowing …

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US Easter spending to rise as holiday cheer defies economic gloom, NRF says

8 Apr 2025

(Reuters) – U.S. consumer spending for Easter is expected to rise about 5% this year as Americans snap up candy and gifts to celebrate despite concerns around high inflation and economic uncertainty, a National Retail Federation report showed on Tuesday. Shoppers are expected to spend around $23.6 billion this year, compared with $22.4 billion estimated …

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Barclays scraps diversity targets in US following Trump’s stance

8 Apr 2025

By Yamini Kalia and Chandini Monnappa (Reuters) -Barclays is scrapping its diversity and inclusivity targets across the United States, the bank said on Tuesday, becoming the latest British company to abandon its inclusivity goals following the U.S. President’s opposition to them. “Our representation ambitions for the rest of the group will continue,” a Barclays spokesperson …

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Fed’s Goolsbee: ‘way bigger’ than expected tariffs pose inflation risks

8 Apr 2025

(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday that U.S. President Donald Trump’s announced tariffs are “way bigger” than had been modeled, and it’s unclear how quickly or fully those higher costs will be passed on to consumers and to what degree businesses and consumers may react by hunkering down, slowing the …

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Codelco aims for upper end of copper output range, plans return to bond market, CEO says

8 Apr 2025

By Fabian Cambero SANTIAGO (Reuters) – The CEO of Chile’s Codelco, Ruben Alvarado, said on Tuesday that the state-run copper producer aims to bring output to the upper end of its estimated range this year, expecting to reach 1.39 million metric tons. Alvarado said the world’s largest copper producer plans to return to the bond …

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