Reuters US Business

By Michael S. Derby NEW YORK (Reuters) -The U.S. central bank faces no imminent pressure to stop the contraction of its holdings of Treasury bonds and mortgage-backed securities, data released by the New York Federal Reserve suggested on Thursday.  The regional Fed bank reported that its recently launched Reserve Demand Elasticity measure essentially held steady …

US central bank’s reserves still abundant in early January, NY Fed says Read More »

By Manya Saini (Reuters) -The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App.  The regulator said Block, which is led by Twitter Co-founder Jack Dorsey, directed Cash App users who experienced fraud-related losses to contact their …

US CFPB fines Cash App-parent Block over insufficient fraud protection Read More »

WASHINGTON (Reuters) – The U.S. Energy Department’s loan office on Thursday announced $22.92 billion in conditional financing for several energy utilities across a dozen states. The financing, if finalized, will come through the energy infrastructure reinvestment program at the department’s Loan Programs Office (LPO) created under President Joe Biden’s signature climate legislation, the Inflation Reduction …

US announces nearly $23 billion in loans to energy utilities across 12 states Read More »

By Curtis Williams and and Jarrett Renshaw HOUSTON (Reuters) -U.S. President-elect Donald Trump plans to make it easier for some producers of liquefied natural gas (LNG) to seek export permit renewals, according to two sources with knowledge of the plan. Trump will likely include the change in an executive order on LNG that he will …

Trump to make it easier for LNG export permit renewals, sources say Read More »

By David Morgan WASHINGTON (Reuters) – Just days before Donald Trump returns to power, some of his Republican allies in the U.S. Congress are warning that the president-elect’s aggressive tax-cut agenda could fall victim to signs of worry in the bond market. At a closed-door meeting on Capitol Hill, Republicans in the House of Representatives …

Republicans in Congress warn rising US bond yields could hit Trump’s tax cut plans Read More »

By Niket Nishant and Tatiana Bautzer (Reuters) -Morgan Stanley’s profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record. The earnings rounded out a robust quarter for Wall Street banks, which benefited from a surge in mergers and acquisitions due …

Morgan Stanley’s profit more than doubles on boost from dealmaking, stock sales Read More »

SAO PAULO (Reuters) -Brazilian conglomerate Cosan has sold some 173 million shares it owned in Vale, it said on Thursday, unloading a stake that made it an important shareholder of the mining giant as it looks to reduce debt. Cosan, which did not disclose financial details, said in a securities filing that its decision to …

Cosan unloads Vale stake to reduce debt, blames high interest rates Read More »