Reuters US Business

By Jody Godoy (Reuters) -The U.S. Federal Trade Commission sued financial technology company Dave Inc in Los Angeles on Tuesday, accusing it of luring users to its personal finance app by advertising cash advances of up to $500 that many never receive. Very few users are offered the full amount advertised, and many are not …

FTC sues fintech app Dave over misleading $500 cash advance ads Read More »

By Greg Bensinger (Reuters) -Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force attrition or satisfy city leaders, as many employees have suggested. The controversial plan mandating workers come to Amazon offices every day starting …

Amazon CEO denies full in-office mandate is ‘backdoor layoff’ Read More »

(This Nov. 4 story has been refiled to correct Clayton Triick’s name, in paragraph 17) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors are keeping a defensive but neutral stance in managing portfolios ahead of this week’s Federal Reserve policy meeting, which is being eclipsed by the too-close-to-call U.S. presidential election. Investors widely expect …

Bond investors minimize bets as US election overshadows Fed meeting Read More »

By Juveria Tabassum and Savyata Mishra (Reuters) -Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by choppy demand in the United States and abroad from budget-stretched customers. Rising fast-food prices over the past year have prompted consumers to cook cheaper meals at home and …

Burger King, KFC owners take sales hit as fast-food spending tapers Read More »

By Pete Schroeder WASHINGTON (Reuters) -With Republican Donald Trump and Democrat Kamala Harris locked in a dead heat in the race for the White House, political forecasters will be eyeing a clutch of counties across the country for clues on who has the edge once polls start to close on Tuesday evening. Here is a …

Factbox-US counties Wall Street will watch closely on election night Read More »

By Lucia Mutikani and Ann Saphir WASHINGTON (Reuters) -The U.S. services sector accelerated to a more than two-year high in October as employment rebounded strongly, suggesting that a near stall in job growth last month was an aberration. The surprise strength in the vast services sector reported by the Institute for Supply Management (ISM) on …

Strong rebound in employment hoists US services PMI to more than two-year high Read More »

By Gianluca Lo Nostro and Florence Loeve (Reuters) -French digital music company Believe on Tuesday denied allegations of copyright infringement by Universal Music Group, which is seeking damages of at least $500 million (459 million euros) through a complaint in the United States. UMG, the world’s biggest music label, alleges in the complaint, a copy …

France’s Believe denies copyright allegation in $500 million US claim by UMG Read More »

By Kenneth Li (Reuters) -Thomson Reuters reported higher than expected third-quarter revenue of $1.72 billion on Tuesday, as it continued to invest in generative AI. The Toronto-based content and technology company said it was spending more than $200 million on AI investments in 2024. This was up from more than $100 million in 2023, executives …

Thomson Reuters beats revenue forecasts, raises AI investment Read More »