Reuters US Business

By David Shepardson WASHINGTON (Reuters) -The head of a U.S. airline trade group urged an end to the 15-day government shutdown, citing concerns about rising pressure faced by air traffic controllers working without pay. “It’s got to stop like now, because every day that goes by, the pressures get higher, the risks get higher,” Chris …

US airline group urges end to government shutdown, citing aviation risks Read More »

By Ann Saphir (Reuters) -U.S. economic activity was little changed and employment was largely stable in recent weeks, the Federal Reserve said on Wednesday, but there were emerging signs of weakness including more layoffs and middle- and lower-income households pulling back on spending.  “In most Districts, more employers reported lowering headcount through layoffs and attrition, …

US economic activity little changed, employment stable in recent weeks, Fed says Read More »

By Nandita Bose, Doina Chiacu and Douglas Gillison WASHINGTON (Reuters) -White House budget director Russell Vought said on Wednesday he wants to close the U.S. Consumer Financial Protection Bureau even though President Donald Trump’s administration has argued in court that there is no such plan. Vought made the remarks on “The Charlie Kirk Show” as …

White House budget director plans to shut US consumer finance watchdog within months Read More »

By Anirban Sen NEW YORK (Reuters) -Wall Street’s multibillion-dollar prime brokerage machinery is firing on all cylinders.  In the latest quarter, the largest U.S. banks led by JPMorgan Chase, Goldman Sachs, and Bank of America flagged big profits from the booming business of prime brokerage, which involves lending cash and securities to hedge funds to …

Prime brokerage boom generates big third-quarter windfall for Wall Street banks Read More »

By Tom Hals DOVER, Delaware (Reuters) -Elon Musk’s $56 billion pay package from Tesla should have been restored by a vote of the company’s shareholders last year, a Tesla attorney argued to the Delaware Supreme Court on Wednesday. One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded …

Tesla urges Delaware Supreme Court to restore Musk’s $56 billion payday Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales excluding motor vehicles and parts likely posted further gains in September, data from the Chicago Federal Reserve showed on Wednesday, though part of the rise probably reflected higher prices. The Chicago Fed Advance Retail Trade Summary estimated that retail sales excluding autos and parts increased by a …

US retail sales likely rose in September; higher-income consumers drive growth Read More »

(Reuters) -US regulators are set to release a plan to encourage small banks to lend more by easing a set of capital requirements, Bloomberg News reported on Wednesday, citing people familiar with the matter. The proposal would relax what is known as the community bank leverage ratio to 8% — the lowest amount allowed by …

US regulators poised to offer capital relief to community banks, Bloomberg News reports Read More »