Business News

NEW YORK (Reuters) – After a series of much stronger-than-expected results this reporting period, S&P 500 companies look like they will end up with first-quarter earnings essentially unchanged from a …

(Reuters) – Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the days before the bank was propelled by Swiss authorities to …

By David Lawder WASHINGTON (Reuters) – The World Bank’s new president Ajay Banga on Friday asked the lender’s 16,000 staff to “double down” on development and climate efforts as he …

(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar rose …

By David Shepardson WASHINGTON (Reuters) – The Republican chairmen of two House of Representatives panels on Friday urged President Joe Biden’s administration to rally U.S. allies including Japan and South …

WASHINGTON (Reuters) – The Childhood Leukemia Foundation (CLF) filed a lawsuit against the U.S. Federal Trade Commission (FTC) on Friday, asking a court to stop an investigation into whether it …

(Reuters) – Alphabet Inc’s YouTube said on Friday that the platform would stop removing content that might have spread false claims related to U.S. presidential elections in 2020 and before. …

By Mike Scarcella (Reuters) – A U.S. judge on Thursday approved a $415 million class-action settlement resolving claims that online gaming companies DoubleDown Interactive LLC and International Game Technology PLC …

By Pete Schroeder WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission announced Friday it had dismissed 42 pending enforcement cases after discovering enforcement staff had improper access to materials …

By Sheila Dang (Reuters) – Twitter’s head of brand safety and ad quality, A.J. Brown, has decided to leave the company, according to a source familiar with the matter on …

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world’s …

By Howard Schneider WASHINGTON (Reuters) – The gain of 339,000 U.S. payroll jobs in May was a blockbuster number, nearly double what was normal before the pandemic and seeming confirmation …

CHICAGO (Reuters) – Tyson Foods Inc will terminate about 262 employees in South Dakota who chose not to relocate to its headquarters in Arkansas, showing widespread resistance to the move, …

By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc CEO Jane Fraser said scrapping the sale of its Mexican retail business, known as Banamex, and pursuing an …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in May, but a surge in the unemployment rate to a seven-month high of 3.7% suggested that labor market conditions …

(Reuters) – Canada’s second-biggest oil producer Suncor Energy has told employees it plans to cut 1,500 jobs this year, two sources confirmed to Reuters on Friday, in one of the …

(Reuters) -The United States’ “AAA” credit rating will remain on negative watch, despite a debt limit agreement that will allow the government to meet its obligations, Fitch Ratings said on …

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower than 465 naira where the …

By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion, …

BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in the era of digitalization it …

By Davide Barbuscia NEW YORK (Reuters) -While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as 11th-hour debt ceiling negotiations have …

(Reuters) – French company Orpea, hit by allegations of malpractice at its care homes and a sharp drop in valuation, said on Friday it made a drawdown of 200 million …

(Reuters) – Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted the government’s $31.4 trillion debt ceiling and averted a historic …

By Joseph White and Shivansh Tiwary DETROIT (Reuters) -General Motors Co Chief Executive Mary Barra had a message on Friday for investors and rivals who see no profitable future in …