Business

By Stephen Culp NEW YORK, June 15 (Reuters) - U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets wor...

By Leika Kihara TOKYO, June 16 (Reuters) - The Bank of Japan is set to raise interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focuses on taming price pressures from the energy shock caused ...

By Jonathan Stempel June 15 (Reuters) - The U.S. Supreme Court turned away on Monday a gun industry challenge to a New York law that permits lawsuits against gun makers, wholesalers and dealers for endangering people's safety through sales of firearms ...

June 15 (Reuters) - Qualcomm is in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, ​The Information reported on Monday ‌citing a person with knowledge of the deal. Shares of Qualcomm fell about 1% in extended trading. The ta...

WASHINGTON, June 15 (Reuters) - The chair of the Senate Commerce Committee ​on Monday questioned ‌a plan from private investment firm Grain Management to acquire key wireless ‌spectrum ​from T-Mobile ⁠but potentially delay ⁠its use for years. Last year...

LOS ANGELES, June 15 (Reuters) - A U.S. Air Force B-52 Stratofortress bomber crashed on Monday ​shortly after takeoff from Edwards ‌Air Force Base in Southern California's Mojave Desert, the base said. Aerial video footage of the crash scene, about 100...

By Nora Eckert DETROIT, June 15 (Reuters) - Ford Motor and other automakers are scrambling to obtain U.S. government authorization to continue selling models that have been in U.S. showrooms for years, but have recently come under fire as part of a ban...

By Gram Slattery and Nathan Layne WASHINGTON, June 15 (Reuters) - The Trump administration and Iran's leadership agreed on Sunday to terms to end their war and reopen the Strait of Hormuz, a development that has delivered significant relief to global m...

By Diana Novak Jones June 15 (Reuters) - Florida's attorney general sued TikTok on Monday over claims it is violating the state's law barring social media platforms from allowing children under age 14 to create accounts. In the lawsuit, filed in state ...

By Jason Lange WASHINGTON, June 15 (Reuters) - President Donald Trump's approval rating ticked a percentage point higher in recent days to 36% as public dissatisfaction over the cost of living grew less intense, according to a Reuters/Ipsos poll ​that ...

By Arathy Somasekhar HOUSTON, June 15 (Reuters) - Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 340.3 million barrels, the lowest level since 1983, according to data from ​the Department of Energy on Monday, signaling tight suppli...

LOS ANGELES, June 15 (Reuters) - California ​Governor ‌Gavin Newsom on Monday said ‌U.S. ​President ⁠Donald Trump ⁠had directed the Justice Department to ​investigate him, ⁠without ⁠providing details. "They ​have not ​found a crime - ‌they are simply t...

By Amina Niasse and Sneha S K June 15 (Reuters) - U.S. health insurer Centene said on Monday it will offer buyouts to employees following steep losses in its health plan membership over the past year ​driven by weakening enrollment in its Obamacare off...

OTTAWA, June 15 (Reuters) - Canada's Ambassador to the United ​States, Mark ‌D. Wiseman, said on Monday that discussions with Washington on ‌reviewing ​the US-Mexico-Canada ⁠free trade ⁠pact and tariffs were productive and respectful. "Those discussion...

By Marisa Taylor WASHINGTON, June 15 (Reuters) - Two Democratic members of Congress on Monday pressed the administration of President Donald Trump to retain communication records related to pardons granted to recipients including an electric-vehicle ma...

By Leon Ramirez MEXICO CITY, June 15 (Reuters) - Shares of Latin American airlines rose on Monday after oil prices ​fell on news of a ‌U.S.-Iran peace agreement, easing concerns over fuel costs. • LATAM Airlines rose 4%, while Copa Holdings CPA.N gain...

By Jarrett Renshaw June 15 (Reuters) - U.S. President Donald Trump said on Monday that a July 4 celebration on the National Mall marking the nation's ​250th anniversary would double as one of his ‌signature rallies, blurring the line between official c...

By Jonathan Stempel June 15 (Reuters) - A federal judge on Monday dismissed a lawsuit by Elon Musk's artificial intelligence company xAI that accused rival Sam Altman's OpenAI of stealing trade secrets for chatbots. U.S. District ​Judge Rita Lin in San...

June 15 (Reuters) - Netflix is adding several new podcast shows to its content library, including ones by Hollywood star Kate Hudson ​and celebrity lifestyle guru Martha Stewart, ‌deepening its video podcast partnership with iHeartMedia. The move comes...

LIMA, June 15 (Reuters) - Peru's economy expanded 3.73% in April from a year earlier, data from the government's INEI ​statistics agency showed on Monday, exceeding ‌expectations as nearly all sectors posted growth. April's reading came above the 3.55%...