Reuters US Business

(Reuters) -The U.S. Consumer Product Safety Commission said on Thursday Peloton Interactive is recalling about 833,000 units of its Original Bike+ Model PL02 after reports that the seat post assembly could break during use, posing a risk of falls and injuries. The consumer safety regulator said the fitness products maker has received three reports of …

Peloton issues new recall tied to seat post defect, affecting 833,000 bikes Read More »

By Arunima Kumar and Sheila Dang (Reuters) -ConocoPhillips raised its quarterly dividend and full-year production forecast on Thursday, but the third quarter results appeared to be overshadowed by concerns about higher costs at the oil producer’s already-pricey Willow project in Alaska.  Willow’s total project capital was raised by $1.5 billion to a range of $8.5 …

ConocoPhillips lifts dividend, but higher costs at Alaska oil project disappoints Read More »

By Prakhar Srivastava (Reuters) -Apollo-backed Grupo Aeromexico’s shares rose 0.84% in their New York Stock Exchange debut on Thursday, valuing the Mexican airline at nearly $2.8 billion almost four years after emerging from bankruptcy. The company’s stock opened at $19.16 apiece, just above the $19 issue price. Aeromexico and some of its existing shareholders sold …

Aeromexico valued at $2.8 billion in NYSE debut four years after bankruptcy exit Read More »

(Refiles to add media packaging code) By Apratim Sarkar (REUTERS) -U.S. truck engine maker Cummins on Thursday reported third-quarter results above Wall Street estimates, driven by strong demand for its power generation systems and distribution segments, sending its shares up nearly 7%. However, its clean energy unit Accelera’s electrolyzer business remained a weak spot as …

Cummins beats estimates on power systems strength; electrolyzer unit drags Read More »

By Tatiana Bautzer and Nupur Anand DETROIT (Reuters) -Argentina may not ultimately need a bank loan, JPMorgan Chase CEO Jamie Dimon said on Wednesday, adding Argentine President Javier Milei is doing a good job overhauling the country’s troubled economy. “There is around $100 billion of foreign capital that may well come back to Argentina,” Dimon …

Exclusive-JPMorgan CEO says Argentina may not need bank loan, Fed will likely remain independent Read More »

(Reuters) -U.S. retailers are bracing for a subdued holiday shopping season this year as the economic fallout from President Donald Trump’s erratic trade policies leaves shoppers more cautious about buying extravagant gifts. The holiday selling season spans over three months from November to the end of January, including key shopping days such as Thanksgiving, Black Friday, …

Factbox-US holiday sales growth to be muted this year, forecasts show Read More »

(Reuters) -The independence of the Federal Reserve is “incredibly important” not just for the U.S. economy but also for the global economy because it is what allows the U.S. central bank to control inflation without regard to short-term political consequences, New York Fed President John Williams said on Thursday. “Where central banks have lost their …

Fed’s independence has global importance, Williams says Read More »