Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings dropped to more than a 3-1/2-year low in September, but nearly all the decline in vacancies was in the South, suggesting that Hurricanes Helene and Milton had temporarily weighed on demand for labor. The downbeat report from the Labor Department on Tuesday was countered by a Conference …

US job openings hit more than 3-1/2-year low; consumer confidence rebounds Read More »

By Michael Erman and Bhanvi Satija (Reuters) -Pfizer CEO Albert Bourla, under pressure from activist hedge fund Starboard Value, made his case to Wall Street on Tuesday that the drugmaker’s turnaround is succeeding after it reported a higher-than-expected profit due to strong sales of COVID-19 treatment Paxlovid. Still, investors said the company had work to …

Pfizer CEO defends turnaround strategy as activist pressures management Read More »

LONDON (Reuters) – The CEOs of Goldman Sachs and Morgan Stanley said on Tuesday they expected corporate dealmaking to pick up in 2025, while the CEO of Apollo Global Management said he expected a presidential victory by Donald Trump would spur more deals. Ted Pick, CEO, Morgan Stanley, told a panel debate at the Future …

Goldman Sachs, Morgan Stanley CEOs see more dealmaking in 2025 Read More »

By Savyata Mishra (Reuters) -McDonald’s executives on Tuesday brushed off a potential sales hit from the deadly E. coli outbreak in the U.S., saying that the fast-food giant was past the incident and was looking to revive muted demand through promotions and value menu items. Shares of the company reversed course to trade up about …

McDonald’s brushes off sales hit from US E. coli outbreak, international markets weak Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Ahead of the U.S. presidential election next week, investors in interest rate options are putting on trades that will pay off if rates remain elevated, suggesting that the market is pricing in a sweep by the Republican party.  The options market is also bracing for the biggest post-election …

US interest rate options price in Republican sweep, jump in volatility Read More »

By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon blasted several major U.S. financial regulatory initiatives on Monday and vowed to oppose those he said would not make banks safer. The outspoken executive, 68, who runs the largest U.S. lender, criticized what he called overlapping or ill-conceived rules on capital …

JPMorgan CEO Jamie Dimon says ‘it’s time to fight back’ on regulation Read More »