Reuters US Business

By Suzanne McGee and Hannah Lang (Reuters) – Outflows from the Grayscale Bitcoin Trust may be reaching an equilibrium after months of investor selling, Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs. Grayscale has battled to retain dominance of the bitcoin exchange-traded fund (ETF) market …

Grayscale CEO sees bitcoin ETF outflows reaching equilibrium Read More »

(Reuters) -Illumina said on Tuesday Chief Financial Officer Joydeep Goswami will leave the gene sequencing company and be succeeded by former Summit Therapeutics’ executive Ankur Dhingra. Goswami, who has more than two decades of experience in the life sciences industry, was the CFO since early 2023 and will serve as an adviser till June 30, …

Illumina CFO Goswami to depart, former Summit Therapeutics exec Dhingra to succeed Read More »

By Raphael Satter WASHINGTON (Reuters) – A freshly formed hacking gang claims to have won access to a massive stash of data stolen from UnitedHealth Group, the largest U.S. health insurer, but with little evidence to go on it is not clear whether they are telling the truth. Hackers walloped UnitedHealth in February, paralyzing billions …

Hackers claim to have UnitedHealth’s stolen data – is it a bluff? Read More »

By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Citigroup investors have rewarded CEO Jane Fraser with a share price boost after Fraser announced a sweeping overhaul of Citi’s sprawling structure in September, cutting costs by laying off 5,000 employees. Next, they want to see growth in wealth management and investment banking. Wall Street investors …

Citigroup CEO faces growth challenge as overhaul rattles employees Read More »

By Ana Isabel Martinez MEXICO CITY (Reuters) – Mexican Pemex crude oil production is down some 20,000 barrels per day following a fire at an offshore platform on Saturday that left several injured and at least one dead, a source at the state energy company said. While the reduction amounts to a 1% decrease, a …

Exclusive-Mexican Pemex crude output reduced by 20,000 bpd after platform fire, source says Read More »

(Reuters) – Personal care and baby products maker Honest Company said on Tuesday its founder, actress Jessica Alba, would be stepping down from her role as the chief creative officer. Alba, known for her roles in movies such as “Fantastic Four”, “Honey” and “Good Luck Chuck”, had founded the company in 2012 and it began …

‘Fantastic Four’ actress Jessica Alba to step down as creative chief at Honest Company Read More »

NEW YORK, April 9 (Reuters) – Short interest on the New York Stock Exchange rose 0.3 percent in late March, the exchange said on Tuesday. As of March 28, short interest rose to about 16.103 billion shares, compared with 16.051 billion shares as of March 15. Investors who sell securities short borrow shares and then …

NYSE short interest rose 0.3 percent in late March Read More »

NEW YORK, April 9 (Reuters) – Short interest on the Nasdaq rose 1.2% in the second half of March, the exchange said on Tuesday. As of March 28, short interest rose to about 13.183 billion shares, compared with 13.022 billion shares as of March 15. Investors who sell securities ‘short’ borrow shares and then sell …

Nasdaq short interest up 1.2% in late March Read More »

By Stephen Culp NEW YORK (Reuters) -The Nasdaq and S&P 500 posted modest gains on Tuesday, a day ahead of major inflation data, weighed down by financial stocks as investors braced for major U.S. banks to kick off earnings reporting season on Friday. The tech-heavy Nasdaq Composite Index, boosted by chips, enjoyed a more substantial …

U.S. stocks inch to higher close as markets brace for CPI data, earnings Read More »

By David Shepardson WASHINGTON (Reuters) -The United States Postal Service (USPS) said on Tuesday it wants to raise the price of first-class mail stamps to 73 cents from 68 cents effective July 14. The proposal, which must be approved by the Postal Regulatory Commission, would raise mailing services product prices by 7.8%. USPS in November …

US Postal Service seeks to hike stamp prices to 73 cents Read More »