Business News

BUENOS AIRES (Reuters) – Argentina’s economy is expected to grow 2.7% in 2024 after contracting 2.5% this year, according to a budget proposal sent by the economy ministry to Congress …

(Reuters) -SoftBank is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. …

(Reuters) -Stellantis’ latest offer to the striking United Auto Workers includes raising wages 19.5% and making salaried workers hourly, the Detroit News reported on Friday, citing the union. The offer …

By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended sharply lower and Treasury yields headed higher on Friday as plunging chip stocks and mixed economic data dampened investors’ risk …

By Kevin Krolicki, David Shepardson and Steve Holland DETROIT (Reuters) -The United Auto Workers said it plans to resume bargaining on Saturday after launching its first simultaneous strikes at General …

By Lewis Krauskopf NEW YORK (Reuters) – The end of the Federal Reserve’s rate hiking cycle has generally been a good time to own U.S. stocks, but an uncertain economic …

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in …

By Noel Randewich and Ankika Biswas (Reuters) – U.S. stocks ended sharply lower on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields pressured Amazon …

(Reuters) – The United Auto Workers union began unprecedented, simultaneous walkouts at General Motors, Ford and Chrysler parent Stellantis’ U.S. operations early on Friday after failing to reach pay deals …

By Manya Saini and Caroline Valetkevitch (Reuters) -Shares of SoftBank’s Arm Holdings closed a volatile session lower on Friday, a day after a stellar Nasdaq debut that valued the British …

By David Shepardson WASHINGTON (Reuters) – Citing air traffic controller staffing issues, U.S. regulators announced on Friday they will again extend cuts to minimum flight requirements at congested New York …

(Reuters) – SVB Financial Group is closing in on an agreement to sell its venture-capital and credit investment business SVB Capital in order to avoid bankruptcy, the Wall Street Journal …

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund and World Bank will decide on Monday whether to proceed with Oct. 9-15 annual meetings in earthquake-hit Morocco after completing a …

By Diane Bartz WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon’s role in the approval in …

(Reuters) – Refiner Valero Energy on Friday authorized a share repurchase of up to $2.5 billion, with no expiration date. The buyback would be in addition to the amount remaining …

DUBLIN (Reuters) – TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children’s personal data in the European Union, its lead regulator …

By Siddharth Cavale NEW YORK (Reuters) -U.S. retailers will hire the lowest number of seasonal workers for this holiday season since 2008, due to increased labor costs and shaky consumer …

By Isla Binnie NEW YORK (Reuters) -The Chief Investment Officer of the largest U.S. state pension manager, the California Public Employees Retirement System (CalPERS), will step down on Sept. 29, …

(Reuters) – Canada plans to amend its competition laws to enable the regulator to act against anti-competitive mergers in the grocery sector, as the government steps up efforts to battle …

By Mehr Bedi (Reuters) – Delta Air Lines said on Thursday in the near term it is expecting a minimal hit from recently disclosed quality issues with RTX’s Pratt & …

BERLIN (Reuters) – Mercedes-Benz could face another wave of recalls after German transport authority KBA deemed inadmissible defeat devices installed in some of its vehicles, in a letter leaked by …

(Reuters) – General Motors said on Friday it expects to be forced to idle operations at its Kansas assembly plant next week after the United Auto Workers union struck a …

By Steve Scherer OTTAWA (Reuters) – Canadian Trade Minister Mary Ng is postponing a trade mission to India planned for October, an official said on Friday, reflecting increasingly tense diplomatic …

(Reuters) – Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a …

By Shariq Khan BENGALURU (Reuters) – Oil prices hit a 10-month high on Friday and posted a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts combined …