Reuters US Business

By Victor Borges and Marcela Ayres BRASILIA (Reuters) -Brazil’s National Monetary Council (CMN), the country’s top economic policy body, decided on Thursday to set its 2026 inflation target at 3% and tweak the time frame to assess the inflation goal’s fulfillment. Currently, the CMN sets annual inflation targets that must be met each calendar year. …

Brazil government sets 2026 inflation target at 3%, tweaks fulfillment time frame Read More »

(Reuters) -Nike on Thursday beat Wall Street estimates for quarterly revenue as the world’s largest sportswear maker benefited from a recovery in China but margins remained under pressure due to higher costs and markdowns. The company reported a 16% jump in Greater China sales following the reversal of the rigid zero-COVID-19 policy. Sales in the …

Nike beats revenue estimates on China rebound but margins weigh Read More »

(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times of financial stress, the agencies said in a statement. The statement from the Board of Governors of the Federal Reserve …

US regulators ask lenders to work with stressed commercial real estate firms Read More »

By Manya Saini and Chibuike Oguh (Reuters) -U.S. bank stocks rose on Thursday after the Federal Reserve’s annual health checks showed lenders could weather an economic slump, easing investor fears after Silicon Valley Bank and two other lenders failed this year. But analysts remained skeptical the strong performance would lead to bigger dividends and share …

US bank stocks rise as lenders shrug off turmoil to ace Fed health checks Read More »

(Reuters) – Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The Fed lent banks $3.2 billion via its discount window as of Wednesday, unchanged from June 21. It lent $103.1 billion from its Bank Term Funding Program, from $102.7 billion on June 21. Fed “other credit” …

Fed’s lending to banks shrinks in latest week Read More »

By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve’s annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank. Stronger than expected economic data pushed …

Dow, S&P gain with bank rally countering rate worries Read More »

(Reuters) -Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund, according to a filing by listing exchange Cboe Global Markets with the U.S. Securities and Exchange Commission. Fidelity is one of several big asset managers that have applied to list bitcoin ETFs …

Fidelity spot bitcoin ETF application refiled with U.S. SEC Read More »

WASHINGTON (Reuters) -Canada’s Department of Justice has concluded that Microsoft’s deal to buy “Call of Duty” maker Activision Blizzard “is likely to” lead to less competition in some aspects of gaming, according to a court filing on Thursday. In a letter dated Wednesday to Microsoft’s U.S. lawyers, the department said it had communicated to Microsoft’s …

Canada says Microsoft deal to buy Activision likely to lessen competition Read More »

By Jody Godoy (Reuters) – An AMC Entertainment Holdings shareholder who objected to a settlement over the theater chain’s controversial stock conversion plan told a Delaware court on Thursday that some investors felt the company “stabbed them in the back.” The deal would provide holders of AMC common stock with shares worth an estimated $129 …

AMC ‘backstabbed’ retail investors, settlement opponent tells court Read More »

By Jesús Aguado and David Latona MADRID (Reuters) -The U.S. Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address potential vulnerabilities, such as in the commercial real estate sector, Fed Chair Jerome Powell said on Thursday. “We are very reluctant to say” if the sector’s turmoil is over, Powell …

Fed’s Powell: we are still monitoring the banks’ situation very carefully Read More »