Reuters US Business

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 and Nasdaq registered record closing highs for a fourth session in a row on Thursday as technology shares extended their recent rally. The number of Americans filing new claims for unemployment benefits increased last week and another report showed producer prices unexpectedly fell in May, …

Nasdaq, S&P 500 post all-time closing highs for 4th day as tech boosts Read More »

By Tom Polansek and Granth Vanaik (Reuters) – Tyson Foods suspended its chief financial officer, John R. Tyson, on Thursday after police in Arkansas arrested and charged him with driving while intoxicated and careless driving. The U.S. meatpacker said Curt Calaway, a senior finance executive with nearly two decades at the company, will take over …

Tyson Foods suspends CFO after arrest for intoxicated driving Read More »

By Jarrett Renshaw (Reuters) – The nation’s largest oil trade group, which includes Exxon Mobil and Chevron , will file a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, the group said. The U.S. Environmental Protection Agency issued …

Largest US oil trade group to sue to block Biden’s EV push Read More »

(Reuters) – Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15 years. DeSantis and Disney, one of Florida’s biggest employers, had been embroiled in a dispute since 2022, when former …

Disney, Florida’s DeSantis end spat with deal on 15-year expansion plan Read More »

By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla appears to have convinced an army of small investors and major funds to ratify Elon Musk’s $56 billion pay package. Now comes the harder part: persuading an already skeptical Delaware judge to recognize it. Musk on Wednesday evening said that shareholders were voting in favor of both …

Analysis-Musk convincing Tesla investors to back his pay. Now he must persuade a judge Read More »

By David Shepardson WASHINGTON (Reuters) -The head of the Federal Aviation Administration will tell the U.S. Senate Commerce Committee on Thursday that the agency will maintain its increased on-site presence at Boeing and its supplier Spirit AeroSystems “for the foreseeable future.” FAA Administrator Mike Whitaker will tell senators the agency’s decision to boost inspections after …

FAA to maintain increased in-person oversight of Boeing for ‘foreseeable future’ Read More »

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive said on Wednesday. In May, the bank had predicted investment banking revenue would rise by a mid-teens percentage in the second quarter. …

JPMorgan expects investment banking revenue to jump as much as 30% in second quarter Read More »

By Tatiana Bautzer and Manya Saini NEW YORK (Reuters) -Citigroup’s new head of wealth, Andy Sieg, further reshuffled his leadership team on Wednesday and reiterated financial targets as the bank seeks to attract more of its clients’ investment assets. During his first public investor conference since joining Citi in September, Sieg acknowledged the wealth unit’s …

Citi’s new wealth boss Sieg reshuffles leadership, pledges higher returns Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq posted record closing highs for a third straight day on Wednesday after inflation data came in softer than expected but the indexes ended off the day’s highs as the Federal Reserve projected only one interest rate cut this year. The Fed’s March projections included …

S&P 500, Nasdaq post closing record highs after CPI, Fed Read More »