Reuters US Business

By Niket Nishant (Reuters) -Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June. The sell-off erased gains from earlier in the session, when optimism fueled by Republican presidential candidate Donald Trump’s pro-crypto speech lifted stocks. The volatile cryptocurrency has often seen pullbacks …

US-listed crypto stocks retreat following Trump-fueled spike Read More »

By Sinéad Carew and Ankika Biswas (Reuters) -The S&P 500 closed barely higher after Monday’s choppy trading session as investors held their breath ahead of a raft of big technology company earnings, a Federal Reserve policy decision on interest-rate cuts and key US labor data, all due this week. Quarterly reports from market heavyweights such …

S&P 500 barely rises as investors await key results, jobs data, Fed meeting Read More »

By Abigail Summerville NEW YORK (Reuters) – J.M. Smucker, known primarily for its jams and jellies, is exploring a sale of Voortman Bakery in a deal that could value the cookie and wafer brand at more than $350 million, according to people familiar with the matter. Smucker, which last year agreed to a $5.6 billion …

Smucker seeks to divest cookie brand Voortman, sources say Read More »

WASHINGTON (Reuters) – Charter Communications will pay a $15 million civil penalty to resolve an investigation into compliance with network and 911 outage notification rules, the Federal Communications Commission said on Monday. The FCC said Charter admitted to violating the agency’s rules on notifications to public safety officials and the commission in connection with three …

Charter to pay $15 million to resolve US probe into network outage rules Read More »

By Jonathan Stempel (Reuters) – A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S. District Judge Trina Thompson in San Francisco, who dismissed a …

Wells Fargo must face lawsuit over sham job interviews Read More »

By Fabian Cambero SANTIAGO (Reuters) – The union at BHP’s Escondida mine in Chile, the world’s largest copper mine, has called on its nearly 2,400 members to reject a final contract offer from the company and prepare for a strike, the union president said. Union President Patricio Tapia told Reuters that workers will vote from …

Exclusive-Union at BHP’s Escondida mine urges rejection of contract offer, strike possible Read More »

(Reuters) -U.S. sports-betting service BetMGM said on Monday it expected to post a loss at similar levels in the second half of the year as the first six months due to the ramp up in investment in marketing and customer experience. The joint venture between MGM Resorts and Entain, which turned a profit for the …

BetMGM expects similar losses in H2 on investment ramp up Read More »

By Marco Aquino LIMA (Reuters) -Peru’s economic growth this year should surpass the 3.1% rate previously estimated, President Dina Boluarte said in a speech on Sunday, another sign of improvement as the country recovers from a recession last year. Peru’s central bank in June forecast gross domestic product growth at 3.1% for this year, after …

Peru 2024 GDP growth should surpass 3.1%, president says Read More »

(Reuters) -U.S. home insurers suffered their worst underwriting loss this century in 2023, as a toxic mix of natural disasters, inflation and population growth in at-risk areas put a vital financial market under acute pressure, according to rating agency AM Best. Insurers providing policies to homeowners were hit with a $15.2 billion net underwriting loss …

US home insurers suffer biggest loss of century in 2023 Read More »