Reuters US Business

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday she was worried that President-elect Donald Trump’s plans to levy broad import tariffs could derail progress in quelling inflation and raise costs for households and businesses. Yellen, at a Wall Street Journal CEO Council event, also said she was concerned about U.S. …

Yellen says Trump’s tariffs could derail US inflation progress, raise costs Read More »

By Saeed Azhar, Pritam Biswas (Reuters) -PNC Financial Services Group would look at banks with core retail deposits in the right markets for mergers and acquisitions but would avoid lenders with heavy real estate exposure, its CEO said on Tuesday. “What we would look for is somebody with – think about what our strategic need …

PNC says banks with core retail deposits could be M&A targets Read More »

(Reuters) – Norton and Avast owner Gen Digital has agreed to buy fintech firm MoneyLion in an all-cash deal valued at about $1 billion to beef up its consumer finance offerings, the companies said on Tuesday. Gen Digital will pay $82 for each MoneyLion share, a 6.5% premium to MoneyLion’s last closing price. Additionally, MoneyLion …

Avast antivirus owner Gen Digital acquires MoneyLion in $1 billion deal Read More »

By Hannah Lang NEW YORK (Reuters) -The dollar rose on Tuesday ahead of U.S. inflation data that could offer clues about the Federal Reserve’s monetary-easing path, while analysts assess the likely impact of President-elect Donald Trump’s policies when he begins his second term. The Australian dollar dropped sharply against the U.S. dollar as the Reserve …

US dollar rises, Aussie drops after Chinese trade data Read More »

By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -Alaska Air on Tuesday unveiled a plan to generate $1 billion in additional profits by 2027 by leveraging its acquisition of Hawaiian Airlines and booming demand for premium travel, sparking a rally in its shares. The Seattle, Washington-based carrier also raised its fourth-quarter and full-year profit forecasts, …

Alaska sees $1 billion jump in profit after merger with Hawaiian Airlines Read More »