Reuters US Business

By David Ljunggren, Promit Mukherjee OTTAWA (Reuters) -Canada will wait until next week to strike back against the latest U.S. threat of tariffs and nothing is off the table regarding possible countermeasures, Prime Minister Mark Carney said on Thursday. Carney, warning Canadians that tough times lay ahead, also lamented what he said was the end …

Canada’s prime minister says nothing off the table in response to Trump’s tariffs Read More »

By David Ljunggren and Victoria Waldersee OTTAWA/BERLIN (Reuters) -Canadian Prime Minister Mark Carney said on Thursday that he would respond with unspecified trade actions if U.S. President Donald Trump imposes new auto tariffs that have expanded a global trade war and hammered stocks. Carney said he had not yet determined what actions Canada might take …

Canada will respond to Trump auto tariffs with its own trade actions Read More »

By Michael Martina WASHINGTON (Reuters) – U.S. government-funded Radio Free Europe/Radio Liberty said on Thursday that its parent agency had rescinded an order terminating its grant funding, after the news outlet sued the Trump administration over the cuts. RFE/RL’s sister organization, Radio Free Asia, followed its lead on Thursday and sued to block a move …

Radio Free Europe says Trump administration rescinded its grant termination order Read More »

By Richard Cowan WASHINGTON (Reuters) – The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the next 30 years, in part due to rapidly rising interest costs, as it sketched out sluggish economic growth and a shrinking workforce. The CBO’s latest long-term budget projections show federal deficits …

CBO sees US deficits rising over 30 years, economic growth slowing Read More »

By Saeed Azhar NEW YORK (Reuters) -Bank of America saw an 80% jump in mortgage applications between January and March as buyers were tempted by increasing home inventory and lower long-term bond yields, an executive said. “We’re seeing a steady increase in home buying activity, and it’s beyond what we would normally see from a …

Bank of America mortgage applications jumped 80% in Q1, executive says Read More »

(Reuters) -Walgreen will pay more than $2.85 million to settle whistleblower allegations that the pharmacy overbilled Medicaid programs in Georgia and Massachusetts for generic medications, the U.S. Department of Justice said on Thursday. The settlement partially resolves claims against the Walgreens Boots Alliance unit brought under the federal, Georgia and Massachusetts False Claims Act. Walgreen …

Walgreen to pay more than $2.85 million to settle US overbilling charges Read More »

By Stephanie Kelly and Enes Tunagur NEW YORK (Reuters) – Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world’s economy. Brent crude futures gained 24 cents, or 0.3%, to settle at $74.03 a barrel. U.S. West Texas Intermediate …

Oil approaches one-month highs as investors assess supply, trade war risks Read More »

By Scott DiSavino (Reuters) -U.S. natural gas futures climbed about 2% on Thursday on a decline in daily output, record flows to liquefied natural gas (LNG) export plants and forecasts for more demand this week than previously expected. On its last day as the front-month, gas futures for April delivery on the New York Mercantile …

US natgas prices climb 2% on decline in daily output, record LNG flows Read More »

By Michael Erman, Maggie Fick and Lisa Baertlein NEW YORK/LONDON/LOS ANGELES (Reuters) -Some drugmakers are taking the unusual step of sending more medicines by air to the U.S., two executives and two logistics firms said amid fears President Donald Trump’s April 2 tariffs announcement could include products made in Europe. Two European-headquartered drugmakers told Reuters …

Exclusive-Trump tariff threats prompt some drugmakers to expedite shipments to US Read More »