Business News

NEW YORK (Reuters) — Representatives of New York City’s bodegas, grocers and restaurants said on Wednesday they hope New York City Mayor-elect Zohran Mamdani spends less time going after President Donald Trump and focuses on his promises to make the city more affordable.

NEW YORK (Reuters) — Wall Street braced for change with the election of democratic socialist Zohran Mamdani as mayor of New York City on Tuesday, an outcome set to reverberate in the heart of global capitalism as financiers worry about the city’s competitiveness and business appeal.

WASHINGTON (Reuters) — U.S. factory equipment maker OTC Industrial Technologies has long used low-cost countries to supply components — first China and later India — but President Donald Trump’s blitz of tariffs on numerous trade partners has upended the supply chain math for CEO Bill Canady.

WASHINGTON (Reuters) — U.S. grocers and food companies ranging from Walmart to Smithfield Foods are bracing for a dip in November sales if federal food aid benefits lapse for the first time due to the ongoing government shutdown.

WASHINGTON (Reuters) — A policy divide within the U.S. central bank and a lack of federal government data may put another interest rate cut out of reach this year, Federal Reserve Chair Jerome Powell said on Wednesday, as he acknowledged the threats that officials see to the job market but also the…

WASHINGTON (Reuters) — The Federal Reserve is expected to cut interest rates by a quarter of a percentage point on Wednesday as policymakers steer the U.S. economy based on limited data that has nevertheless kept concerns about the strength of the job market top of mind.

SAN FRANCISCO (Reuters) — Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.

TOKYO (Reuters) — President Donald Trump said on Monday he hoped to add a trade deal with China to a slew of pacts he has already struck during a visit to Asia this week, as he arrived in Tokyo for a royal welcome.

KUALA LUMPUR (Reuters) —The second day of trade talks between the U.S. and China was paving the way for a “productive meeting” between President Donald Trump and President Xi Jinping, Washington’s top trade envoy said in Kuala Lumpur on Sunday, raising hopes of a deal between the …

WASHINGTON (Reuters) — President Donald Trump’s mass firings of federal workers during the second-longest government shutdown in U.S. history could hamper implementation of two tax incentives made permanent in his massive tax-cut and spending bill meant to boost investment in low-income commu…