Reuters US Business

Oil loading slows at Venezuela’s ports amid US tariffs, license termination, data shows

25 Mar 2025

By Marianna Parraga (Reuters) -Loading of Venezuela’s heavy crude at its main oil ports slowed this week after the U.S. imposed a tariff on trade with countries buying the South American nation’s oil and producer Chevron began reducing its tanker fleet there, according to shipping data and a document seen on Tuesday. On Monday, U.S. …

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Ripple Labs says it settles with US SEC, will pay reduced $50 million fine

25 Mar 2025

By Jonathan Stempel NEW YORK (Reuters) – Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit over the alleged sale of unregistered securities and pay just $50 million of a previously imposed $125 million fine, the cryptocurrency company’s chief legal officer said on Tuesday. The accord would end one of the …

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Trading Day: Another vote of consumer no confidence

25 Mar 2025

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. consumer confidence sinks What started out as a positive day for world stocks on Tuesday fizzled as the U.S. session progressed, after another steep plunge in U.S. consumer confidence reminded investors of …

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Analysis-Trump tariffs on Venezuela crude buyers are a potent new tool of US pressure

25 Mar 2025

By Timothy Gardner and Marianna Parraga WASHINGTON/HOUSTON (Reuters) – A U.S. plan to slap tariffs on countries buying sanctioned Venezuelan oil marks an unprecedented, and potentially potent, mixture of punitive economic measures against a geopolitical foe that Washington could replicate against other countries like Russia and Iran, analysts said. The U.S. has maintained sanctions on …

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AT&T in talks to buy Lumen’s consumer fiber unit, Bloomberg News reports

25 Mar 2025

(Reuters) -AT&T is in talks to acquire Lumen Technologies’ consumer fiber operations, in a deal that could value the unit at more than $5.5 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Shares of Lumen were down more than 14% after the report. The terms, which are not yet finalized, …

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Signal is app of choice for Trump allies and opponents alike

25 Mar 2025

By Raphael Satter (Reuters) – Elon Musk’s team working to dismantle the federal bureaucracy and the protesters hoping to stop him have something in common. They use Signal to keep their communications secure. Signal, a text-and-voice app that is a little over a decade old, is seen as the gold standard for end-to-end encrypted communications, …

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US consumers slow spending as inflation bites, Synchrony says

25 Mar 2025

By Nupur Anand NEW YORK (Reuters) – U.S. consumers have been curbing their spending in response to high prices and a worsening economic outlook, according to consumer finance company Synchrony Financial. Americans have been accumulating more debt amid strain in their finances, with delinquencies edging up for auto loans, credit cards and home credit lines, …

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Smithfield Foods says materials costs, Easter date dampen Q1 profit

25 Mar 2025

By Tom Polansek and Juveria Tabassum (Reuters) -Smithfield Foods said on Tuesday that cautious consumer spending and higher raw materials costs are limiting profit in its packaged meats business, as the top U.S. pork processor reported its first quarterly results since going public in January. The Virginia-based company has focused on selling pork, ham and …

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