Reuters US Business

By Ateev Bhandari (Reuters) -Mastercard beat Wall Street expectations for third-quarter profit on Thursday amid sustained spending volumes as its executives emphasized the card network giant’s foray into agentic commerce and stablecoins. Consumer spending has proven resilient, while U.S. President Donald Trump’s trade and immigration policies continue to fuel concerns over labor market cracks and …

Mastercard beats profit estimates as CEO touts AI and stablecoins focus Read More »

By Savyata Mishra and Aishwarya Venugopal (Reuters) -Shares of Chipotle Mexican Grill plunged about 19% on Thursday after its third sales forecast cut of the year fanned concerns around how the fast-casual chain is navigating tariffs, inflation and tighter spending by U.S. consumers. A mixed set of earnings from major restaurants this quarter point to …

Chipotle shares plunge as investors chew on tariffs, weak spending Read More »

By Nicole Jao NEW YORK (Reuters) -HF Sinclair beat Wall Street estimates for third-quarter profit on Thursday, helped by improved refining margins and strength in its midstream segment. The Dallas, Texas-based independent refiner said it is well positioned to address the growing supply and demand imbalances on the U.S. West Coast and announced a new project …

HF Sinclair beats profit estimates, eyes US West Coast opportunities Read More »

By Harshita Mary Varghese (Reuters) -Comcast’s mainstay broadband business is likely to face more customer losses to rising competition in the industry, its newly appointed co-CEO warned, taking the shine off a strong quarter that was fueled by growth in its studio and theme park units. The third-quarter results had sent shares up as much …

Comcast warns of broadband challenges amid rising competition Read More »

By Kritika Lamba (Reuters) -Fox Corp unveiled a $1.5 billion share buyback as streaming platform Tubi’s first profitable quarter and strong viewership ratings for its news and NFL broadcasts powered its earnings past expectations. The shares rose 7% as Thursday’s results announcement showed the company’s strong digital growth and live programming were offsetting pressure from …

Fox marks strong quarter with Tubi’s first profit, $1.5 billion buyback Read More »

By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) -State Street, the world’s fourth-biggest asset manager, said it is pulling the bulk of its operations out of the sector’s main global climate coalition despite the group’s efforts to retain members by relaxing its rules. While giving no reason for the decision to remove its U.S. arm …

State Street takes US fund arm out of climate group Read More »