Reuters US Business

By Timothy Gardner HOUSTON (Reuters) – Everyone from the U.S. energy secretary to Big Tech touts small modular nuclear reactors as a potential answer to booming power demand, but the technology is struggling to become commercial due to costs and regulatory hurdles.     Energy-hungry data centers powering artificial intelligence are expected to spike electricity demand, including …

Small nuclear power struggles at cusp of US electricity demand boom Read More »

By Nora Eckert DETROIT (Reuters) -The United Auto Workers union said on Thursday it filed unfair labor practice charges against Volkswagen, as the automaker cut jobs at a factory in Tennessee where the union is negotiating its first contract after winning an election there last year. “The UAW has notified the Trump Administration of Volkswagen’s …

VW cuts production in Tennessee, UAW files unfair labor practice charges Read More »

By Georgina McCartney and Scott DiSavino HOUSTON – U.S. natural gas use is set to continue hitting record highs due to soaring liquefied natural gas (LNG) demand and power consumption from data centers, executives said at a conference this week, while also warning a lack of infrastructure could hurt the industry. The U.S. is the …

AI, LNG demand to keep US natgas use at record highs but bottlenecks threaten Read More »

By Juveria Tabassum (Reuters) -Dollar General joined a growing list of retailers warning of weak annual sales and profit, and said its consumers were struggling to afford some essentials as high inflation and economic uncertainty dent their spending power. Fears of an economic slowdown amid U.S President Donald Trump’s trade policies, and spending cuts in …

Dollar General forecasts muted 2025, says American shoppers are struggling Read More »

NEW YORK (Reuters) -Goldman Sachs CEO David Solomon told Fox Business on Wednesday he expects initial public offerings (IPOs) to increase this year. “IPOs have been muted over the last couple of years, the pipeline is larger and we expect an increase this year,” he said in an interview with FOX Business’ Mornings with Maria. …

Goldman Sachs CEO expects IPOs to increase this year – Fox Business Read More »

By Nivedita Balu TORONTO (Reuters) -CIBC announced on Thursday that its CEO Victor Dodig would retire in October and be replaced by Harry Culham, the head of the Canadian bank’s capital markets division. Culham will serve as chief operating officer as of April 1 and take over as CEO on November 1, Canada’s fifth-largest lender …

Canada’s CIBC says capital markets head Culham to replace Dodig as CEO Read More »

(Reuters) -Representatives of President Donald Trump’s family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, the Wall Street Journal reported on Thursday. Binance’s billionaire founder Changpeng Zhao has been pushing for the Trump administration to grant him a pardon, the report added citing people familiar with the …

Trump family held deal talks with Binance’s US arm, WSJ reports Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Donna Anderson, who heads corporate governance at T. Rowe Price and has been a powerful voice on a range of hot-button topics in the investment world, intends to retire at the end of this year, the asset manager told Reuters. T. Rowe Price, one of the world’s most …

Exclusive-T. Rowe Price’s head of governance Donna Anderson to retire at year-end Read More »