By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve held interest rates steady on Wednesday in a split decision that gave…
Kraft Heinz sauces boost quarterly results as home-cooking rises
By Juveria Tabassum (Reuters) -Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry…
US pending home sales fall more than expected in June
WASHINGTON (Reuters) -Contracts to buy previously owned U.S. homes dropped more than expected in June, weighed down by higher mortgage…
Trump administration memo asks federal fund recipients to restrict DEI
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department issued a memo on Wednesday that asked recipients of federal funds…
Wegovy maker Novo’s profit warning triggers $70 billion share rout
By Jacob Gronholt-Pedersen, Stine Jacobsen and Maggie Fick COPENHAGEN (Reuters) -Investors wiped $70 billion off Novo Nordisk’s market value on…
FAA failed to act before helicopter crash, US transport chief says
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration failed to act despite dozens of near-miss incidents before a fatal…
Largest US rail union intends to oppose Union Pacific’s buy of Norfolk Southern
By Jody Godoy (Reuters) -The largest rail union in the United States said on Tuesday it intends to oppose Union…
Whirlpool shares slump,; co slashes forecast and dividend
(Reuters) -Whirlpool’s shares tumbled 12% on Tuesday after the home appliances maker slashed its full-year earnings forecast and dividend, blaming pressure…
Scale AI competitor Micro1 raising funds at $500 million valuation, sources say
By Anna Tong SAN FRANCISCO (Reuters) -Scale AI competitor Micro1 is finalizing a Series A round valuing the startup at…
Analysis-EU’s $250 billion-per-year spending on US energy is unrealistic
By Kate Abnett and Arathy Somasekhar BRUSSELS/HOUSTON (Reuters) -The European Union’s pledge to buy $250 billion of U.S. energy supplies…