Reuters US Business

By Akash Sriram and Marie Mannes (Reuters) -Polestar’s new CEO said on Thursday it would take longer for the Swedish electric-vehicle maker to be profitable and delayed its expansion of sales to more countries. The company’s U.S.-listed shares fell nearly 14%. Polestar, backed by China’s Geely, has struggled to increase sales amid declining EV demand …

Polestar expects delayed profitability as EV demand weakens, competition intensifies Read More »

By Howard Schneider, Ann Saphir WASHINGTON (Reuters) -Inflation is likely to continue to ease and possibly allow the U.S. central bank to cut interest rates sooner and faster than expected, Federal Reserve Governor Christopher Waller said on Thursday in comments that pushed against recent market moves that anticipate a shallower Fed rate path. Inflation “is …

Fed may cut rates sooner and faster than expected if disinflation trend holds up, Waller says Read More »

(Reuters) – Symbotic’s shares jumped about 14% on Thursday after the automation firm said it would buy Walmart’s robotics business for $200 million as part of an agreement to expand the retailer’s automated supply chain. The company said it would use its artificial intelligence-enabled robotics platform to improve operations at Walmart’s pickup and delivery centers. …

Automation firm Symbotic soars on $200 million deal to buy Walmart’s robotics unit Read More »

By Sriparna Roy and Bhanvi Satija (Reuters) -UnitedHealth CEO Andrew Witty said on Thursday that healthcare in the U.S. needs to be “less confusing, less complex and less costly” during the company’s first earnings call since the murder of Brian Thompson, the head of its insurance unit. Thompson’s killing outside a hotel where the company …

UnitedHealth Group CEO says complex US healthcare system needs to change Read More »

By Nell Mackenzie LONDON (Reuters) – Investors have been hoping Donald Trump’s return to the White House next week will boost the U.S. stock market, while Goldman Sachs sees stocks benefiting from the biggest expected company buybacks in at least five years. A corporate repurchase window, when companies can buy their own stock, begins Jan …

Wall Street could get a boost from $1 trillion in buybacks, Goldman says Read More »

By Siddharth Cavale NEW YORK (Reuters) -Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys and beauty products during November and December, but profit margin concerns sent its shares down nearly 3%. The Minneapolis-based chain on Thursday said sales on Black Friday and Cyber Monday hit records, …

Target bumps up holiday sales forecast but margin worries rub off shine Read More »

By Arasu Kannagi Basil and Saeed Azhar (Reuters) -Bank of America’s profit beat expectations on Thursday as its traders benefited from a flurry of activity in the fourth quarter while the lender predicted it would earn more interest income in 2025. The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells …

BofA profit beats expectations on trading boost, sees higher 2025 interest income Read More »