Reuters US Business

By Emma Rumney LONDON (Reuters) – Health campaigners have written to U.S. regulators accusing Philip Morris International of misrepresenting past regulatory decisions, seeking to disrupt the launch of its flagship heated tobacco device IQOS in the United States. The world’s biggest tobacco company by market value has spent billions of dollars developing the product, which …

Exclusive-Campaigners target Philip Morris’ flagship heated tobacco US launch Read More »

By Leika Kihara TOKYO (Reuters) – Japan stands ready to take all possible measures to counter excessively volatile currency moves, Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday, keeping markets on alert over the chance of renewed intervention to prop up the yen. “It is important for currency rates to move stably reflecting fundamentals. Excessive …

Japan maintains warnings against sharp yen falls Read More »

BUENOS AIRES (Reuters) – The Argentine parallel market peso appreciated against the U.S. dollar on Monday while the local stock market suffered, after new economic measures introduced by President Javier Milei’s government over the weekend took effect. Argentina’s economy minister outlined on Saturday a plan to stop expanding the monetary base in an effort to …

Argentina’s parallel peso strengthens on new economic measures, stock index plummets Read More »

(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday said “confidence is growing” that inflation is heading toward the U.S. central bank’s 2% goal, the bar that policymakers have set for cutting interest rates. “Confidence is growing that we are getting nearer a sustainable pace of getting inflation back down to 2%,” …

Confidence is growing on winning inflation fight, Fed’s Daly says Read More »

By Suzanne McGee and Hannah Lang (Reuters) -The U.S. Securities and Exchange Commission has given preliminary approval to at least three of the eight asset managers hoping to launch exchange-traded funds tied to the spot price of ether to begin trading next Tuesday, three industry sources said. The approval hinges on applicants submitting final offering …

Spot ether ETFs likely to begin trading July 23, industry sources say Read More »

By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell on Monday said he has no plans to leave his post as head of the U.S. central bank before his term expires, pouring cold water on assertions by some loyalists to Donald Trump that Powell would be swiftly out of a job should the …

Powell says he will stay at Fed through end of term as chair Read More »

(Reuters) -Data from Walt Disney’s internal Slack workplace collaboration system have been leaked online, including those related to ad campaigns, studio technology and interview candidates, the Wall Street Journal reported on Monday. Hacking group NullBulge published data from thousands of Slack channels at the entertainment giant including computer code and details about unreleased projects, the …

Disney’s internal communications leaked online after hack, WSJ reports Read More »

By Jonathan Stempel (Reuters) -Berkshire Hathaway’s share price set a record high on Monday, reflecting investors’ confidence in Warren Buffett’s company, which is often regarded as a microcosm of the broader American economy. The price of Berkshire’s Class A shares closed up 2.1% at $652,997.17. They earlier reached $653,861, surpassing the previous high of $647,039 …

Buffett’s Berkshire Hathaway sets, closes at record high Read More »

By Carolina Mandl NEW YORK (Reuters) – Global hedge funds’ exposure to software stocks in the U.S. reached “new multi-year lows” last week after a broader sell-off in the technology sector, Morgan Stanley said in a note. “Software was the most net-sold, which continues the streak of net selling in the space since late-April and …

Hedge funds’ bets on software companies hit record lows, Morgan Stanley says Read More »

By Stephen Culp NEW YORK (Reuters) -Wall Street closed higher on Monday, building on Friday’s rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment. The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate …

Wall St ends higher as investors firm bets on Trump win, rate cuts Read More »