Reuters US Business

(Reuters) -AerCap Holdings NV said on Monday a unit of General Electric Co will sell a stake worth about $2.44 billion in the aircraft leasing giant through an underwritten public offering. AerCap said GE Capital U.S. Holdings will sell about 40.7 million shares of the company at $59 per share. The offering was upsized from …

GE to sell $2.44 billion stake in aircraft leasing provider AerCap Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Resilient U.S. growth is fueling another rebound in the dollar and sending bearish investors scrambling, though the rally will be tested by a gauntlet of data and the Federal Reserve’s meeting later this month. The U.S. dollar index, which measures the currency against a basket of its …

Analysis-US exceptionalism thwarts dollar bears but Fed test looms Read More »

By Dawn Chmielewski (Reuters) -Walt Disney and Charter Communications said on Monday they have reached a deal that will see the media giant’s networks, including ESPN, return to the Spectrum cable service just hours before the start of NFL “Monday Night Football.” News of the potential deal eased some fears that the traditional cable TV …

Disney, Charter reach distribution deal ahead of ‘Monday Night Football’ Read More »

By Noel Randewich and Shristi Achar A (Reuters) – The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week. Tesla rallied 10% after Morgan Stanley upgraded the electric car maker to “overweight” from “equal-weight,” saying its Dojo supercomputer could boost the …

Nasdaq ends sharply higher as Tesla soars on AI optimism Read More »

(Reuters) -Oracle narrowly missed market expectations for first-quarter revenue on Monday as companies pared back spending on cloud services due to an uncertain economic outlook, sending its shares down nearly 5% in extended trading. After a surge in cloud spending during the pandemic, businesses are rethinking their digitization plans, hurting Oracle as it plays catch-up …

Oracle revenue misses estimates as tough economy hurts cloud spending Read More »

(Reuters) -The United States should think about eliminating corporate subsidies, including to energy companies, U.S. Deputy Treasury Secretary Wally Adeyemo said in New York on Monday. Adeyemo defended President Joe Biden’s budget proposal for fiscal 2024, noting that achieving fiscal sustainability would include modest tax increases, boosting tax revenue collections and finding other ways to …

Treasury’s Adeyemo calls for eliminating subsidies, including to energy companies Read More »

NEW YORK (Reuters) – Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector, but Bank of America will fare better than that average, its chief financial officer said on Monday. “We’ll do slightly better than that,” Alastair Borthwick told the Barclays Financial Services Conference, referring …

Bank of America says Q3 investment banking fees down 30%-35% for sector Read More »