Reuters US Business

BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva signed on Tuesday a decree seeking to lower intermediation costs in the country’s multi-billion-real meal voucher market, which will cap card processor fees and shorten settlement periods. Meal and food vouchers move about 170 billion reais ($31.46 billion) annually in Brazil under the Worker Food Program …

Brazil caps fees, shortens payment terms in billion-dollar meal voucher market Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump downplayed possible 50-year mortgages as a way to make houses more affordable than typical 30-year loans, as some supporters balked at a plan that would have homeowners paying more in interest and taking longer to build equity. “All it means is you pay less per month. You pay it …

Trump calls 50-year mortgages no ‘big deal’ as right-wing conservatives balk Read More »

By Karen Brettell (Reuters) -The U.S. dollar weakened against the euro and yen on Tuesday on concerns about the deteriorating U.S. labor market after a report showed that private employers cut jobs last month. ADP Research said on Tuesday that its preliminary estimates show that private employers shed an average of 11,250 jobs a week …

Dollar slides, euro and yen gain as US labor market weakens Read More »

(Corrects day in paragraph 1 to Tuesday from Thursday) By Rashika Singh (Reuters) -Paramount Skydance shares rose 8% on Tuesday in a vote of investor confidence for new CEO David Ellison’s pitch on remaking the storied media house for the streaming era. In its first set of results since the merger of Paramount and the …

Paramount Skydance shares rise as Ellison’s bets get bolder Read More »

By Dominique Patton PARIS (Reuters) -Levi’s will sell its new line of $300 jeans in more stores next year as it looks to boost growth by tapping into strong demand for premium denim, Chief Financial and Growth Officer Harmit Singh told Reuters. Launched in Asia earlier this year, and in around two dozen stores in …

Levi’s to sell $300 jeans in more stores to tap growing demand for premium denim Read More »

By Doyinsola Oladipo NEW YORK (Reuters) -Americans are increasingly booking buses and trains to their Thanksgiving destinations this year while some have outright canceled their plans following the worst disruptions to air travel since the start of the government shutdown.      Travelers frustrated by the rise in flight cancellations and long TSA lines are making alternative …

Buses and trains see resurgence amid US air travel chaos Read More »

By Manya Saini (Reuters) -Morgan Stanley launched a dedicated private company research page on Tuesday, according to an internal memo seen by Reuters, as investors’ interest in high-growth startups rises. Wall Street heavyweights have increasingly ventured into research coverage on privately held companies this year as some of the world’s most valuable startups, including ChatGPT-parent …

Morgan Stanley joins rivals in rolling out private company research, memo shows Read More »