Reuters US Business

By Melanie Burton SYDNEY (Reuters) -Donald Trump’s backing of Australia’s critical minerals will bring much-needed financial support to the industry, but experts say the U.S. president will have to wait longer to shift the supply chain away from China and weaken its market dominance. In a wide-ranging agreement signed on Monday, U.S. and Australia committed …

Analysis-US-Australia rare earths deal is a start but won’t shake China dominance any time soon Read More »

(Reuters) -A group of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a …

US banks hunting for collateral to back $20 billion Argentina bailout, WSJ reports Read More »

A look at the day ahead in European and global markets from Ankur Banerjee And just like that, worries about credit risks are in the rear view. Investors are feeling perky, betting that tensions between the U.S. and China will ease, the Fed will cut rates next week and the earnings season will be strong. …

Morning Bid: Markets brush off worries, risk rally rages on Read More »

By Pritam Biswas (Reuters) -Zions Bancorp reported a rise in third-quarter profit on Monday, helped by stronger interest income and despite taking a hefty loss on two loans, sending shares of the bank up 2% in after-market trading. Zions disclosed last week that it would take a $50 million loss in the third quarter on …

Zions Bancorp’s quarterly profit rises on interest income; offsets loan loss Read More »

By Manya Saini and Pritam Biswas (Reuters) -After a turbulent week in which some regional U.S. banks flagged bad loan and fraud issues, investors scrutinized lenders’ earnings reports for signs of wider strain across the sector. Zions Bancorporation posted a third-quarter profit increase on Monday, helped by stronger interest income, despite the $50 million fraud-related …

US regional banks’ earnings under scrutiny with jitters over credit risks Read More »

(Reuters) -BHP Group on Tuesday struck an upbeat note on global iron ore demand even as it warned of cooling growth in China, while first-quarter output for the steelmaking element slightly missed estimates on maintenance works at Port Hedland. “Overall macro-economic signals for commodity demand remain resilient, and global growth forecasts are moving higher,” said …

BHP bets on iron ore resilience despite China slowdown; Q1 output misses Read More »

(Reuters) -U.S. President Donald Trump’s administration is “opportunistically evaluating” a public offering for Fannie Mae and Freddie Mac, possibly as soon as end-2025, Federal Housing Finance Agency (FHFA) Director William Pulte said on Monday.”President Trump made the right decision not to take Freddie and Fannie public during his first term and is opportunistically evaluating an …

Trump administration weighing Fannie, Freddie offering as soon as end-2025, FHFA director says Read More »

By Joey Roulette WASHINGTON (Reuters) -NASA said on Monday it was opening the marquee U.S. moon landing contract to other bidders because Elon Musk’s SpaceX has experienced mounting delays with its Starship lunar lander. The move paves the way for rivals such as Jeff Bezos’ Blue Origin to snatch a high-profile mission to land the …

NASA opens SpaceX’s moon lander contract to rivals over Starship delays Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks jumped on Monday with finance and technology shares providing much of the upside muscle, as upbeat quarterly earnings results revived risk appetite and investors grew less fearful about regional bank credit quality. A broad rally sent all three major U.S. stock indexes to a sharply higher close. …

Wall St ends sharply higher as earnings optimism fuels risk appetite Read More »