Reuters US Business

By Davide Barbuscia NEW YORK (Reuters) -A Vanguard executive said on Monday increasing inflation protection in investment portfolios was worthwhile in light of recent U.S. data and the global risks of a rebound in price pressures. For international investors, the strategy was also worth considering because Middle East tensions could lift transportation costs and oil …

Vanguard favors inflation protection amid rising price pressure risks Read More »

(Reuters) – Ameriprise Financial reported a rise in its first-quarter adjusted profit on Monday, helped by higher fees and assets under management (AUM). Growing expectations of a soft landing for the economy — a scenario where inflation eases without causing unemployment to go up — have buoyed markets in recent months, aiding the fee-based income …

Ameriprise Financial’s quarterly profit rises on higher fees, AUM Read More »

By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the U.S. economy’s health. The benchmark S&P 500 and the Nasdaq rebounded from a decline over the …

Wall St stocks end higher with major corporate earnings in view Read More »

By Rajasik Mukherjee (Reuters) – Air New Zealand trimmed its annual earnings estimates on Monday, citing economic headwinds and a cost-of-living crisis leading to softer revenue in domestic and North American markets, sending the carrier’s shares to a near two-year low. Shares of Air NZ slipped as much 3.5% to NZ$0.550, hitting their lowest level …

Air New Zealand falls after earnings outlook cut on stiff competition Read More »

(Reuters) -Blackstone made a potential offer to buy Hipgnosis Songs Fund for about $1.5 billion, outbidding Apollo-backed Concord and triggering a takeover battle for the owner of music rights by artists including Shakira and Red Hot Chili Peppers. Hipgnosis shares rose 10% to 1.01 pounds ($1.25) in early trade, their highest level since September 2022. …

Blackstone tops Concord’s bid for Shakira music owner Hipgnosis Read More »

(Reuters) – Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday. The retailer whose portfolio includes brands such as Express, Bonobos and UpWest Express, listed assets and liabilities in the range of $1 billion to $10 billion, according …

Apparel retailer Express files for US bankruptcy protection, to close over 100 stores Read More »

By Nick Carey and Victoria Waldersee LONDON (Reuters) – Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging lets EV owners charge at overnight …

Automakers hope for a cut as two-way EV charging becomes real Read More »

By Lewis Krauskopf NEW YORK (Reuters) -Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft – all set to report next week – are part …

‘Crowded’ megacap trade in US stocks awaits earnings test Read More »