Reuters US Business

(Changes day of Yellen’s departure from Treasury job to Monday in paragraph 2) By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday will defend the Biden administration’s response to the COVID pandemic, arguing that its stimulus spending and other policies led to robust growth and averted millions of job losses. In …

Yellen defends COVID spending, says it saved millions from losing jobs Read More »

By Saeed Azhar, Manya Saini and Noor Zainab Hussain NEW YORK (Reuters) -Goldman Sachs beat Wall Street estimates and earned its biggest quarterly profit in more than three years as its investment bankers brought in more deal fees, while its traders benefited from active markets. Shares rose 5.5% in Wednesday morning trading as profit climbed …

Goldman Sachs profit hits over 3-year high as investment banking, trading fuel bumper quarter Read More »

By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase’s annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter, it reported on Wednesday. The largest U.S. bank also forecast its net interest income, or the difference between what it earns on loans and …

JPMorgan earns biggest-ever annual profit as investment bankers ride rebound Read More »

NEW YORK (Reuters) – Goldman Sachs’ credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday. “We have a contract with Apple to run that partnership until 2030, although there’s some possibility that it won’t continue until that time frame,” Solomon told analysts on an …

Goldman Sachs CEO says Apple card partnership may end before 2030 Read More »

By Tom Hals (Reuters) – Victims of the Los Angeles wildfires, likely the costliest in U.S. history, are seizing upon a unique California legal doctrine that allows them to collect from their power utility if its equipment caused the blaze — even if the company did nothing wrong. Numerous lawsuits were filed this week by …

California utility faces billions in claims for fire damage even if it did nothing wrong Read More »

By Sriparna Roy and Amina Niasse (Reuters) -Analysts and investors are awaiting details behind UnitedHealth Group’s 2025 outlook when it reports quarterly results on Thursday, after its investor day presentations were canceled last month by the murder of executive Brian Thompson outside the New York hotel where the meeting was set to take place. The …

UnitedHealth investors await details behind 2025 outlook after exec’s murder Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve’s projections for fewer interest rate cuts this year. There were, however, some hopeful signs in the fight against inflation, with the report …

US consumer prices post largest gain in nine months; underlying inflation slowing Read More »

By Michael S. Derby HARTFORD, Connecticut (Reuters) -Federal Reserve Bank of New York President John Williams said on Wednesday that future monetary policy actions will be driven by economic data as the central bank confronts a high level of uncertainty in large part driven by potential government policy changes. The official also took note of …

Fed’s Williams says policy data dependent in very uncertain environment Read More »