Reuters US Business

By Jaiveer Shekhawat (Reuters) -BNY beat profit estimates for the fourth quarter on Wednesday as it earned higher investment services fees from its clients, sending its shares up 4.1% to $79.06 in premarket trading. The bank’s fees, typically calculated as a percentage of assets under custody, benefited from the acquisition of new clients, a market …

BNY quarterly profit beats estimates on higher fee income boost; shares jump Read More »

(Reuters) -Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday. The company is working with a financial adviser to gauge buyer interest and would be open to …

Civitas Resources weighs sale of DJ Basin assets, Bloomberg News reports Read More »

NEW YORK (Reuters) -U.S. consumer prices increased slightly more than expected in November as energy costs rose, pointing to an inflation trend that lines up with the Federal Reserve’s view for a slower path of rate cuts this year. The consumer price index rose 0.4% last month after climbing 0.3% in November, the Labor Department’s …

Dec CPI rises a touch above expectations, keeps Fed on track Read More »

By Jody Godoy (Reuters) – The U.S. Federal Trade Commission’s merger-busting, antitrust enforcement powers are coming under threat as conservatives look to harness President-elect Donald Trump’s support for limiting government. On Tuesday, U.S. Representative Ben Cline, a Republican from Virginia, reintroduced the One Agency Act, which would remove the FTC’s antitrust authority and give it …

Republican bill seeks to curtail US FTC’s merger-busting powers Read More »

By Ismail Shakil OTTAWA (Reuters) -Canada on Tuesday approved with conditions U.S. grains merchant Bunge’s $34 billion merger with Glencore-backed Viterra, clearing one of the final remaining obstacles for a global agriculture tie-up that is unprecedented in dollar value. The conditions for the approval include Bunge’s divestiture of six grain elevators in Western Canada and …

Canada clears $34 billion Bunge-Viterra merger with conditions Read More »

By Ann Saphir (Reuters) -The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that’s squeezing would-be homebuyers already facing rising house prices and limited supply. The average contract rate on a 30-year fixed-rate mortgage rose 10 basis points in the week …

US 30-year mortgage rate tops 7%, highest since May 2024 Read More »

By Deena Beasley SAN FRANCISCO (Reuters) – The biopharmaceutical industry is aiming for a 2025 reversal of last year’s slump in investor returns but remains wary over what President-elect Donald Trump’s priorities might be on hot button issues such as drug pricing reforms and vaccines. The pharma industry faced its biggest regulatory change in decades …

Biopharma industry eyes 2025 bounceback, grapples with uncertainty over Trump return Read More »