Reuters US Business

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs of labor market strength dampened hopes for early interest rate cuts by the Federal Reserve this year, but a fall in Treasury yields kept declines in check. Equities opened higher and the benchmark S&P 500 …

Wall Street little changed after inflation, labor market data Read More »

BERLIN (Reuters) – Ryanair called on Germany to lower its aviation taxes and airport charges on Thursday, raising the prospect of a doubling of its traffic in the country in the next six years if Berlin meets its demands. “German aviation taxes/charges are amongst the highest in Europe,” Chief Executive Michael O’Leary said in a …

Ryanair calls on Germany to lower aviation taxes, airport charges Read More »

(Reuters) – Thomson Reuters said on Thursday it has offered to buy Swedish e-invoicing and tax solutions company Pagero for 6.4 billion crowns (about $627 million), topping an earlier offer from U.S. tax technology firm Vertex. Thomson Reuters offered to pay 40 crowns in cash for each Pagero share, which is a premium of 11% …

Thomson Reuters offers to buy Sweden’s Pagero for $627 million Read More »

SINGAPORE (Reuters) – Bitcoin held steady on Thursday after regulators approved the first U.S.-listed exchange traded funds (ETFs) to track the world’s largest cryptocurrency, seen as a landmark move that could broaden its appeal to investors. The Securities and Exchange Commission (SEC) said on Wednesday it approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, …

Bitcoin holds firm after regulators approve ETFs Read More »

By David Shepardson and Rajesh Kumar Singh (Reuters) -Alaska Airlines said on Wednesday it will cancel all flights on Boeing 737 MAX 9 jets through Saturday as it conducts inspections after a cabin panel blowout on Friday, which Boeing suggested was caused by a “quality” issue. The U.S. Federal Aviation Administration (FAA) on Saturday grounded …

Alaska Airlines, United cancel Boeing 737 MAX 9 flights during cabin panel checks Read More »

By Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer for the cryptocurrency industry which has been trying for more than a decade to launch such a product. Multiple asset managers have applied for bitcoin ETFs since 2013, …

Explainer-Why a US bitcoin ETF is a game-changer for crypto Read More »

By Dawn Chmielewski and Akash Sriram (Reuters) -Skydance Media CEO David Ellison is exploring an all-cash bid to acquire entertainment giant Paramount Global’s parent National Amusements, a person familiar with the matter said on Wednesday. Ellison could take control of National Amusements with financing from Skydance’s existing investors, which include The Ellison family, RedBird Capital …

Skydance Media CEO exploring all-cash bid to take control of Paramount – source Read More »

(Reuters) – The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex, according to a statement on Wednesday. The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world’s largest cryptocurrency without directly holding it, and a major boost …

US SEC approves 11 spot bitcoin ETFs Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rose on Wednesday, building steam on strength in megacaps, but gains were limited ahead of inflation reports and major bank earnings later in the week. Microsoft, Meta Platforms and Nvidia were the biggest boosts to the S&P 500 index, as the benchmark 10-year Treasury note yield held …

Stocks climb as megacaps lead; inflation data, earnings on deck Read More »