Reuters US Business

By Douglas Gillison, Nupur Anand, Pete Schroeder and Isla Binnie (Reuters) – At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question its existence was good news for the industry.  Dimon told his employees that it …

Financial firms hated US consumer watchdog, but rapid unraveling creates limbo Read More »

By Niket Nishant and Manya Saini (Reuters) -Robinhood has cemented its foothold in the crypto trading market as its commission-free model attracts price-conscious customers, analysts said, strengthening its position as a rival to digital asset-focused exchanges such as Coinbase. Robinhood reported an eight-fold jump in transaction-based revenue from crypto trading for the fourth quarter. The …

Robinhood gains ground in crypto trading, intensifying competition Read More »

By Joey Roulette WASHINGTON (Reuters) -The CEO of Jeff Bezos’ Blue Origin announced in an all-hands call on Thursday company-wide layoffs of “about 10 percent” of its employees, a sweeping readjustment as it aims to cut costs and ramp up rocket launches. The layoffs affect roughly 1,400 of the company’s nearly 14,000 employees – mostly …

Bezos’ Blue Origin to layoff about 10% across its space, launch business Read More »

MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum on Thursday urged Google to reconsider its decision to rename the Gulf of Mexico the “Gulf of America” for U.S. users, adding the country could file a civil suit against the firm if necessary. Google changed the name for U.S. users of Google Maps to reflect the decision …

Mexico could file suit against Google for ‘Gulf of Mexico’ name change Read More »

(Reuters) -Thoma Bravo-backed cybersecurity firm SailPoint will start trading on the Nasdaq on Thursday, returning to the U.S. stock market more than two years after it went private. The Austin, Texas-based company, along with Thoma Bravo, raised $1.38 billion in an upsized IPO, selling 60 million shares at $23 each. They had aimed to sell …

Thoma Bravo-backed SailPoint set for US market comeback after over two years Read More »

By Ann Saphir (Reuters) -The Federal Reserve will likely wait until September before cutting its policy rate, traders bet on Thursday, as data kept alive worries over elevated inflation and a decline in jobless claims suggested the labor market remains healthy. Even so, the specific elements that drove the 0.4% rise last month in the …

Fed seen on hold until September, with rising bets on earlier rate cut Read More »

WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits decreased last week, suggesting the labor market remained stable early in February. Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 213,000 for the week ended February 8, the Labor Department said on Thursday. Economists polled by Reuters had …

US weekly jobless claims decline amid stable labor market Read More »