Reuters US Business

(Reuters) -Federal Reserve Governor Adriana Kugler on Monday said that some of the recent rise in goods and market-services inflation may be “anticipatory” of the effect of the Trump administration’s tariffs, adding that the Fed’s focus should be on keeping inflation in check. “It should be a priority to make sure that inflation doesn’t move …

Fed’s priority should be to keep inflation in check: Kugler Read More »

By Laila Kearney and Seher Dareen NEW YORK (Reuters) – U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country for viable locations for new data centers to keep up with the compute demands of AI. A Reuters survey of 13 major U.S. electric utility earnings transcripts found …

US utilities grapple with Big Tech’s massive power demands for data centers Read More »

By Summer Zhen, Samuel Shen and Carolina Mandl HONG KONG/SHANGHAI/NEW YORK (Reuters) -Some hedge funds say they are offloading all or most of their holdings of stocks as U.S. President Donald Trump’s trade war wipes out trillions of dollars of market value and forces them to curtail trading using borrowed cash. In the three trading …

Hedge funds capitulate, investors brace for margin calls in market rout Read More »

(Reuters) -Shares of India’s Tata Motors sank 10% on Monday, set for their worst day in over three years, as its luxury car unit Jaguar Land Rover paused exports of its British-made cars to the U.S. after President Donald Trump’s 25% tariff came into effect. The slide on the day has taken the stock’s tumble …

India’s Tata Motors slides 10% after luxury arm JLR pauses exports to US Read More »

(Reuters) -Online dating company Match Group on Monday named a new director, ratcheting up the stakes in a board battle with Anson Funds only a few days after the activist investor named its three candidates. The company, which owns dating sites Tinder, Hinge and OkCupid, appointed e-commerce site Zulily co-founder Darrell Cavens as a director …

Match names e-commerce veteran to board amid growing tensions with Anson Funds Read More »

(Reuters) -U.S. discount carrier Spirit Airlines said on Monday that CEO Ted Christie has stepped down with immediate effect as part of a shakeup, weeks after the company emerged from bankruptcy and reconstituted its board. Chief Commercial Officer Matt Klein is also leaving and will be succeeded by insider Rana Ghosh. The departures come as …

Spirit Airlines CEO steps down weeks after carrier exits bankruptcy Read More »