Reuters US Business

By Jonnelle Marte (Reuters) -U.S. consumers lowered their expectations for how much inflation will rise in the near-term and medium-term periods, signaling that inflation concerns may be easing, according to a survey released on Monday by the New York Federal Reserve. One-year inflation expectations decreased for the first time since October 2020, dropping to a …

U.S. consumers’ inflation expectations lower in January, NY Fed survey finds Read More »

By David Shepardson WASHINGTON (Reuters) -Toyota Motor Corp said Monday it has not yet resumed production at its three manufacturing lines in Ontario even after a key U.S.-Canadian bridge reopened. The Japanese automaker’s plants in Ontario, where it builds its best-selling RAV4 sport utility vehicle, have halted production since Thursday because of parts shortages stemming …

Toyota’s Ontario plants remain closed after trucker protests Read More »

By Svea Herbst-Bayliss BOSTON (Reuters) – Jana Partners cut its holding in Macy’s Inc by 84% in the last months of 2021 not long after the activist investment firm prodded the retailer to consider alternatives for its online unit, according to a regulatory filing. The New York-based hedge fund reported on Monday that it owned …

Jana Partners cuts Macy’s stake after pushing retailer on e-commerce Read More »

By Amal S (Reuters) – Canada’s main stock index fell on Monday, weighed down by energy stocks as crude prices fell after Ukraine hinted at possible concessions to Russia that could ease tensions between the two countries. At 9:43 a.m. ET (14:43 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 143.28 points, or …

Toronto index falls as energy stocks track weaker crude Read More »

By Hannah Lang (Reuters) – Crypto companies are betting sports advertising will help them go mainstream, and none have made a bigger splash than Crypto.com with a commercial on Sunday’s Super Bowl and a $700 million deal last year to rename the Staples Center in Los Angeles as the Crypto.com Arena. Little known a year …

How Crypto.com is betting big on sports partnerships to reach a billion users Read More »

By John McCrank NEW YORK (Reuters) -Investors are bracing for more gyrations in bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve threaten to squelch risk appetite across markets. The volatility traditionally associated with cryptocurrencies has been on full display in recent weeks. Bitcoin, the largest cryptocurrency, is up by around 33% since …

Crypto investors face more uncertainty after rocky start to 2022 Read More »