Reuters US Business

By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON (Reuters) -Oreo-maker Mondelez, Nestle and PepsiCo face pushback from workers in Ukraine and eastern Europe angered by the companies’ decisions to maintain some business in Russia, according to internal corporate communications reviewed by Reuters and interviews with six workers. The emerging employee activism comes on top of …

Oreo-maker, Nestle, Pepsi face pressure from European employees over Russia Read More »

By Michelle Price and Matt Scuffham WASHINGTON (Reuters) -Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the U.S. economy, although trading continues to be bright spot for Wall Street. JPMorgan Chase & Co, Goldman …

U.S. banks build reserves on inflation risk, Russia; trading a bright spot Read More »

By Anna Pruchnicka GDANSK (Reuters) – Polish video game maker CD Projekt said on Thursday it would release an expansion of its flagship “Cyberpunk 2077” game next year, after announcing full-year net profit that topped expectations. The studio also behind the Witcher franchise said its full-year net profit reached 208.9 million zlotys ($48.7 million), compared …

Poland’s CD Projekt plans to release Cyberpunk expansion next year Read More »

(Reuters) -Peloton Interactive Inc said on Thursday it is raising the monthly fee for its on-demand fitness content in the United States and Canada, while cutting the prices of its Bike, Bike+ and Tread machines in all markets as it looks to attract more customers. The move comes a day after shareholder Blackwells Capital said …

Peloton to hike monthly fee for on-demand fitness content Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -U.S. stock investors are increasingly turning to the options market for protection against more downside on Wall Street as they worry the Federal Reserve will be less sensitive to equity market volatility as it hikes interest rates to fight inflation. Demand for puts, typically bought for downside protection, …

As Fed tightens up, U.S. stock investors play defense on options market Read More »

By Elizabeth Dilts Marshall NEW YORK (Reuters) – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the first quarter, as the U.S. Federal Reserve’s rate hikes help their bread-and-butter business –taking deposits and lending. The Fed raised rates by a quarter point in March to a …

Big U.S. banks see higher net interest income as rates rise Read More »

By Marcela Ayres and Tatiana Bautzer BRASILIA/SAO PAULO (Reuters) – The Brazilian currency’s monster rally may soon run out of gas, analysts and government officials say, as U.S. interest rate hikes and risks to the Chinese economy threaten the fundamentals of the world’s best-performing major currency. Brazil’s real has gained over 18% against the U.S. …

Analysis-Hawkish Fed and China lockdowns threaten Brazil’s world-beating FX rally Read More »

NEW YORK (Reuters) -Wall Street’s major banks and asset managers were cautious about the economy as they detailed how both consumers and institutional clients were struggling to deal with sky-high inflation and looming rate hikes. The big U.S. banks are reporting results at a time of surging inflation, which is leading to predictions that the …

Inflation and rate hikes ahead: Bankers cautious on the economy Read More »

By Andrea Shalal WASHINGTON (Reuters) – Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S. economic growth, a new report by President Joe Biden’s top economic advisers concludes. The annual Economic Report, prepared by the Council of Economic Advisers, argues for restoring the public …

Reducing inequality, hiking minimum wage could boost U.S. economy -White House Read More »

BERLIN (Reuters) – Volkswagen said on Thursday its preliminary first-quarter operating return on sales jumped to 13.5% from 7.7% in the same period of 2021 but the impact of the war in Ukraine and supply chain bottlenecks was still uncertain. The German carmaker, which had said in March Russia’s invasion of Ukraine threw its outlook …

Volkswagen Q1 profits rise but war could still hurt its business Read More »