By Carolina Mandl NEW YORK (Reuters) – U.S. Securities and Exchange Commission has decided to withdraw its appeal of a decision by a federal judge late last year to vacate an overhaul of Treasury dealer rules, according to a court document filed on Wednesday. In a statement, the SEC said it decided to dismiss the …
US regulator withdraws appeal of rule on Treasury markets Read More »
By Ananya Mariam Rajesh (Reuters) – PepsiCo has joined the growing list of major U.S. companies that are making changes to their diversity, equity and inclusion programs as President Donald Trump pushes to dismantle the practice across the federal government and private sector. The Frito-Lay to 7Up maker will end DEI workforce representation goals and …
PepsiCo joins major US companies in tweaking DEI policies Read More »
By David Shepardson WASHINGTON (Reuters) -President Donald Trump’s nominee to serve as the second highest ranking official at the U.S. Transportation Department vowed the government will take a fair and objective approach to overseeing auto safety probes into Tesla. Asked if he would commit to ensuring auto safety regulators hold Tesla accountable, nominee Steve Bradbury …
Trump nominee says agency will take fair, objective approach to Tesla safety probes Read More »
By Siddharth Cavale and Savyata Mishra (Reuters) – Walmart on Thursday forecast sales and profit for the current year below Wall Street estimates, citing the need for caution in navigating an uncertain geopolitical landscape. Walmart shares, which had risen about 72% in 2024 and hit a record high last week, were down 6%. Shares of …
Walmart forecast disappoints, shares fall on consumer spending worries Read More »
BRASILIA (Reuters) – Brazilian Supreme Court Justice Alexandre de Moraes ordered the social media platform X owned by billionaire Elon Musk to pay a fine of 8.1 million reais ($1.42 million) for noncompliance with judicial orders, according to a ruling made public on Thursday. The decision stems from a legal process last year in which …
Brazil’s top court orders Elon Musk’s X platform to pay fine Read More »
By Abigail Summerville NEW YORK (Reuters) – Private equity firms Apollo Global Management and Sycamore Partners are among the bidders who are competing to acquire Family Dollar, a discount retail chain operated by Dollar Tree, according to people familiar with the matter. Investment firm Brigade Capital Management has also expressed interest in buying Family Dollar, …
Exclusive-Buyout firms vie for discount retailer Family Dollar, sources say Read More »
By Douglas Gillison and Chris Prentice (Reuters) – Signage marking the Washington headquarters of the U.S. Consumer Financial Protection Bureau, the consumer watchdog in the Trump administration’s crosshairs, came down overnight, according to a reporter’s observations and photographic evidence. President Donald Trump and billionaire Elon Musk have sought to dismantle the agency since the Republican …
US consumer watchdog signs come down at Washington HQ Read More »
By Sarah Morland MEXICO CITY (Reuters) – The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years. Speaking at President Claudia Sheinbaum’s morning press conference in Mexico City, Netflix CEO Ted Sarandos said he looked …
Netflix to invest $1 billion in Mexico over next 4 years Read More »
By Siddharth Cavale NEW YORK (Reuters) – Higher egg prices, an issue U.S. President Donald Trump spoke about often during his election campaign last fall, boosted Walmart grocery revenue, the world’s largest retailer said during its earnings briefing on Thursday. Walmart said its grocery revenue rose by mid-single digits in the quarter through January 31, …
Higher egg prices drove up inflation, and Walmart grocery revenue Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil transportation and storage company Sentinel Midstream expects to make a final investment decision on its deepwater oil export project off the Texas coast as soon as it receives a U.S. government license, CEO Jeff Ballard told Reuters. The move comes as U.S. President Donald Trump pushes for faster …
Sentinel Midstream eyes final investment decision for US oil export project Read More »
