Reuters US Business

By Alessandro Parodi and Greta Rosen Fondahn (Reuters) – New car sales in the European Union rose 10.1% year-on-year in February, with the bloc’s main markets all recording solid growth, Europe’s automakers association said on Thursday. Registrations rose by 13% in France, 12.8% in Italy, 9.9% in Spain and 5.4% in Germany, consolidating similar trends …

EU new car sales rise 10.1% y/y in February, ACEA says Read More »

MEXICO CITY (Reuters) – Mexican headline inflation likely accelerated in the first half of March, a Reuters poll showed on Wednesday, supporting bets that while the central bank may cut its key interest rate this week, it will not start an aggressive easing cycle. Annual headline inflation is forecast at 4.45% for the first half …

Mexico’s headline inflation likely rebounded in early March: Reuters poll Read More »

(Reuters) -Chipmaker Micron Technology forecast third-quarter revenue above estimates on Wednesday and posted a surprise second-quarter profit, benefiting from the rapid adoption of artificial intelligence technology by businesses. The Boise, Idaho-based company’s shares shot up 13.4% in extended trading, after a rise of more than 60% over the last 12 months. High bandwidth memory (HBM) …

Chipmaker Micron’s shares surge as AI boom drives strong forecast Read More »

By Michael S. Derby (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday the day is swiftly approaching when the central bank will slow the pace of its balance sheet run-off, and in moving toward a taper of the drawdown, it may allow the central bank to ultimately shed more bonds than it once …

Fed’s Powell says balance sheet drawdown taper coming soon Read More »

By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main stock indexes closed higher on Wednesday after the Federal Reserve eased investor jitters by keeping borrowing costs unchanged and reinforcing expectations that rates could be cut as many as three times this year. The Fed’s policy statement described inflation as remaining “elevated,” and it …

Wall St ends higher as Fed keeps three rate cuts on the horizon Read More »

(Reuters) – The U.S. Federal Communications Commission is investigating Amazon and other retailers for the alleged marketing and selling of unlawful electronic devices, including radio frequency jammers, NBC News reported on Wednesday. “We have several ongoing investigations into retailers, including Amazon, for potential violations of Commission rules related to the marketing and sale of equipment …

US FCC investigating Amazon over alleged sale of outlawed products, NBC reports Read More »

(Reuters) -Private equity firm Apollo Global Management has offered $11 billion for Paramount Global’s film studio, Paramount Pictures, a person with knowledge of the offer said, adding to the takeover interest for the media conglomerate. Paramount’s shares rose 10% after the Wall Street Journal first reported the news. Apollo had also reached out to a …

Apollo offers $11 billion for Paramount’s Hollywood studio, source says Read More »

By Marianna Parraga HOUSTON (Reuters) -Suriname’s state-owned oil company Staatsolie has begun talks with oil majors Exxon Mobil and TotalEnergies to encourage joint development of natural gas fields that straddle its and Guyana’s maritime borders, the head of its state oil firm told Reuters late Tuesday. The early-stage discussions are part of Suriname’s efforts to …

Suriname presses Exxon, TotalEnergies to combine gas developments Read More »

By Savyata Mishra (Reuters) -Chipotle Mexican Grill’s stock breached the $3,000 mark for the first time on Wednesday and closed 3.5% higher after the burrito chain’s board approved a 50-for-1 stock split, hoping to entice investors wary of its lofty per-share price. Shares of the California-based company have rallied to record levels over the past …

Chipotle shares breach $3,000 on first ever stock-split plan Read More »