Reuters US Business

MUNICH (Reuters) – German insurers expect to see a lower increase in premium income this year, the German Insurance Association (GDV) said on Monday, as the life insurance business struggles with a delayed turnaround in interest rates. The association now expects 2024 premium income to rise by 2.8% year-on-year, down from its previous forecast in …

German insurers’ body cuts growth outlook for 2024 premium income Read More »

By Davide Barbuscia NEW YORK (Reuters) -A recalibration of how the U.S. presidential election plays out is causing bond investors to bet yields stay higher for longer as November approaches. Yields have risen sharply after President Joe Biden’s stumbling performance against Republican rival Donald Trump in the first presidential debate last month, which increased speculation …

Analysis-Bond market re-focus on US elections throws wrench into 2024 rally hopes Read More »

By Laila Kearney NEW YORK (Reuters) -Talen Energy has asked U.S. regulators to reject a challenge to its recent Amazon data center deal, which is being opposed by a group of electric utilities that say the agreement could raise power bills for the public, according to a filing on Friday. Talen said the challenge, brought …

Talen asks US regulators to reject challenge to Amazon data center deal Read More »

TORONTO (Reuters) – TD Bank’s chief compliance officer has left the bank, according to a memo sent internally, at a time the Canadian lender faces U.S. regulators and the Justice Department in a probe related to its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week, and will …

TD’s chief compliance officer departs amid US anti-money laundering probe Read More »

By Suzanne McGee (Reuters) – Shares of headphone maker Koss Corp. soared for the second session in a row on Friday, closing at $13.35 a share, after trading as high as $18.50 early in the day, as social media posts speculated that a post by meme stock influencer Keith Gill indicated his interest in the …

Meme stock speculation propels Koss shares 25% higher on Friday Read More »

By Ernest Scheyder (Reuters) -Mining trade groups plan to push Washington to revive and expand the long-dormant Bureau of Mines, an effort aimed at streamlining how the U.S. government regulates and supports critical minerals production and timed to coincide with the 2024 presidential election. The lobbying campaign, details of which have not previously been reported, …

US miners push Washington to revive long-dormant Bureau of Mines Read More »

By Ann Saphir (Reuters) -Federal Reserve policymakers got more evidence of U.S. labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July.  The Labor Department report showing a rise in …

Fed rate cut debate to heat up as US job market cools Read More »

By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge threw out a central claim in a Federal Trade Commission lawsuit accusing Walmart of turning a blind eye to scam artists who used its money transfer services to fleece consumers out of hundreds of millions of dollars. In a decision on Wednesday, U.S. District Judge …

Walmart beats key claim in US FTC lawsuit over money transfer fraud Read More »

By Howard Schneider (Reuters) -Inflation is easing and the job market has returned to the “tight but not overheated” situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said on Friday in a report to Congress that documented the steady emergence of more normal conditions in the aftermath of …

US inflation easing, job market similar to pre-pandemic conditions, Fed report says Read More »