Reuters US Business

By Nupur Anand NEW YORK (Reuters) – U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve’s annual health check. JPMorgan Chase, the largest U.S. lender, hiked its dividend to $1.25 a share from $1.15, …

Top U.S. banks hike dividends after sailing through Fed’s stress test Read More »

(Reuters) – Ford Motor Co expects to launch a $30,000 EV that could be profitable in about two and a half years but did not provide any further details on the vehicle, CNBC reported on Friday. In April, Ford CEO Jim Farley had alluded to the automaker’s expectations of being profitable in the $25,000 to …

Ford expects profitable $30,000 EV in two and a half years, CNBC reports Read More »

By Aishwarya Venugopal and Ananya Mariam Rajesh (Reuters) -Nike will roll out new $100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sales back on track. Nike has significantly hiked the list price of its top-end Air …

Nike plots $100 sneaker line as shares plunge in worst-ever drop Read More »

By David Shepardson (Reuters) – The National Transportation Safety Board warned Boeing on Thursday it could lose its status as a party to the probe into a 737 MAX mid-air blowout after it violated rules by providing non-public information to media and speculating about possible causes. In a letter sent to Boeing CEO Dave Calhoun …

NTSB says Boeing could lose 737 MAX probe status if it violates rules again Read More »

By Anisha Sircar and Divya Chowdhury (Reuters) – Commodity markets face greater fragmentation and supply disruptions if former U.S. president Donald Trump wins the Nov. 5 election to return for a second term, an HSBC economist said on Friday. A weak start by U.S. President Joe Biden in the first the U.S. presidential debate on …

Trump re-election may lead to commodity market fragmentation, HSBC’s Bloxham says Read More »

(Reuters) -Financial information company S&P Global announced on Thursday that it has appointed insider Martina Cheung as CEO effective on Nov. 1. Cheung, who has held multiple leadership roles at S&P Global in her 14-year stint, will succeed Douglas Peterson, the company’s chief executive since 2013. S&P Global announced that retiring CEO Peterson will remain …

S&P Global announces insider Martina Cheung as CEO Read More »

(Reuters) – Illumina said on Thursday it will take a goodwill impairment charge of $1.47 billion in the second quarter related to the recently spun-off Grail Inc. As an independent company, Grail is betting on commercial partnerships with health systems, employers and life insurance firms to power its near-term growth through its flagship cancer-detection test. …

Illumina to take $1.47 billion goodwill impairment charge related to Grail in Q2 Read More »

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund on Thursday called on the U.S. to raise taxes to curb rising debt levels while applauding “robust, dynamic” growth in the world’s largest economy and progress towards bringing inflation under control. The IMF said in a closing statement for its “Article IV” review of U.S. economic …

IMF says US needs to tackle debt despite robust growth Read More »