All news by author: Reuters

Gemini, a cryptocurrency exchange operated by billionaire twins Tyler and Cameron Winklevoss, announced on Friday that it has privately submitted paperwork for a US initial public offering, capitalizing on the revived momentum in the digital asset market

Lululemon cut its profit forecast for the year, hurt by higher costs to mitigate US tariffs and as tepid demand for its latest products failed to draw away buyers from upstart athleisure rivals such as Vuori.

Brown-Forman forecast a decline in annual revenue and profit on Thursday, as the Jack Daniel's maker navigates soft consumer spending amid tariff-related uncertainties, sending its shares plunging about 18%.

A Guatemalan man who had been sent back to Mexico, even though he expressed fear of persecution there, was flown back to the United States on Wednesday after a judge instructed the Trump administration to assist with his return

Procter & Gamble will cut 7,000 jobs over the next two years, as the Tide detergent maker contends with an uncertain spending environment, fueled in part by US tariffs that have roiled numerous consumer companies.

Federal government staffing shortages from Trump administration hiring freezes have forced the Labor Department's economic statistics arm to curtail the breadth of its data collection for one of the main measures of US inflation, the Wall Street Journal reported Wednesday.

Citigroup announced on Tuesday that it is reversing a policy from 2018 that limited banking services to retail clients engaged in the sale of firearms, referring to recent changes in regulations as the reason

During peace negotiations on Monday, Russia informed Ukraine that it would consent to ending the war only if Kyiv relinquished significant portions of territory and agreed to restrictions on the size of its military, as noted in a memorandum covered by Russian media

According to the Wall Street Journal on Monday, citing individuals familiar with the situation, Meta Platforms plans to enable brands to entirely develop and tailor advertisements using its artificial intelligence tools by the end of next year

India's Adani Group on Monday denied "any deliberate engagement" in sanctions evasion or trade involving Iranian-origin liquefied petroleum gas, after the Wall Street Journal reported that US prosecutors were probing whether Adani entities had imported Iranian LPG into India through their Mundra port.

Tata Group's Air India is negotiating with Airbus and Boeing for a substantial new aircraft purchase, which includes around 200 additional single-aisle airplanes. This move enhances a massive 2023 agreement as the airline, formerly state-owned, embarks on a multi-billion-dollar overhaul, according to industry insiders

Two bridges in separate Russian regions near the Ukrainian border gave way, causing train derailments that resulted in at least seven fatalities and injuries to many others

PepsiCo won the dismissal of a lawsuit by a former executive who said the food and beverage company defrauded and defamed him by denying that he invented Flamin' Hot Cheetos.

Model Hailey Bieber's makeup and skincare brand, Rhode, is being snapped up by Elf Beauty for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millennials.

Residents and business owners in Gaza reported that U.N. trucks carrying food to the area were halted and looted during the night on Tuesday

Elon Musk's brain implant company Neuralink raised $600 million in a deal that values the company at $9 billion before the new cash, Semafor reported Tuesday, citing people with knowledge of the matter.

Volvo Cars plans to eliminate 3,000 predominantly white-collar positions as part of a restructuring initiative revealed last month, as the company faces high expenses, a decline in electric vehicle demand, and trade uncertainty, the company announced on Monday

President Trump's remarks endorsing Nippon Steel's $14.9 billion offer for U.S. Steel raised ongoing questions about the extent of the transaction and the expenses involved for the Japanese company

Japanese Prime Minister Shigeru Ishiba on Sunday said Tokyo aims to advance tariff talks with the US, with the goal of achieving an outcome during the Group of Seven summit next month.

Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said.

U.S. District Judge Brian Murphy in Boston issued the order a few days after the Justice Department informed him that its assertion that the individual explicitly said he wasn't afraid of being deported to Mexico was based on incorrect information

Sales of new single-family homes in the United States climbed to the highest level in over three years in April, as builders reduced prices to draw in buyers. However, increasing mortgage rates and economic uncertainty continued to pose challenges for the housing market

Analysts and investors stated on Thursday that Adidas and Puma are expected to increase prices for their running shoes and sports apparel in the United States, following Nike's example, as US tariffs on imports raise costs for retailers

The first phase of a massive new artificial data center in the United Arab Emirates will come online in 2026, likely with 100,000 Nvidia chips.

On Wednesday, Microsoft announced that its Digital Crimes Unit initiated legal proceedings against Lumma Stealer last week, following the discovery that the information-stealing malware had infected almost 400,000 Windows computers worldwide over the last two months