Reuters US Business

By Davide Barbuscia NEW YORK (Reuters) – PIMCO said on Monday it plans to diversify its government bond exposure by buying outside the United States, where its outlook on long-term government debt is bearish due to a deteriorating fiscal profile. The $2 trillion bond-focused asset manager said it favors short-term and intermediate U.S. Treasuries, while …

‘Bond vigilante’ PIMCO trims long-term US sovereign debt holdings Read More »

By Michael S. Derby (Reuters) -U.S. consumers were bracing last month for higher levels of inflation in coming years even as they marked up expectations that their personal financial situations would improve markedly, the New York Federal Reserve reported on Monday. Respondents to the regional Fed bank’s survey of consumer expectations in November see inflation …

US consumers expect higher inflation and better economy, New York Fed says Read More »

By Dawn Chmielewski and Paul Sandle (Reuters) -Warner Bros Discovery signed a multi-year deal with Comcast that lays the groundwork for the European launch of the Max streaming service, and resolves a dispute over a coming “Harry Potter” TV series, the companies said on Monday. Under the wide-ranging agreement, Warner Bros Discovery’s portfolio of TV …

Comcast, Warner Bros Discovery enter multi-year distribution deal Read More »

(Reuters) -New York City police were still searching on Monday for the man who killed UnitedHealth executive Brian Thompson outside a Midtown Manhattan hotel last week, despite an intense manhunt that started last week. Here is what’s known about the incident, Thompson, and the suspect: WHAT HAPPENED? HOW DID THE SUSPECT ESCAPE? At about 6:45 …

Explainer-What is known about the murder of UnitedHealth executive Brian Thompson Read More »

(Reuters) -Cadbury-parent Mondelez International is exploring the acquisition of chocolate maker Hershey, Bloomberg News reported on Monday, citing people familiar with the matter, in what would create one of the world’s largest confectioners. Shares of Hershey, which has a market capitalization of about $35 billion, rose as much as 19% to $208.03, while those of …

Cadbury-owner Mondelez exploring Hershey acquisition, Bloomberg News reports Read More »

(Reuters) -U.S. telecom giant Comcast on Monday forecast fourth-quarter broadband subscriber losses to exceed Wall Street estimates, hurt by tough competition from wireless providers and the impact of two hurricanes that rocked Florida. Shares of the company fell 8.3%. Its dour forecast also dragged down smaller rival Charter Communications’ stock by 6.5%. Comcast expects broadband …

Comcast warns of higher broadband losses on tough competition, hurricane hit Read More »

By Michelle Conlin and Federico Maccioni NEW YORK/ABU DHABI (Reuters) -Key players in U.S. President-elect Donald Trump’s new cryptocurrency venture were among high-profile industry figures gathering at a bitcoin conference in Abu Dhabi on Monday, as the digital currency sets record highs. Speakers at the two-day event include Trump’s son Eric as well as billionaire …

Trump family members and allies bask in crypto euphoria at Gulf bitcoin gathering Read More »