Reuters US Business

NEW YORK (Reuters) -JPMorgan Chase’s exposure to bankrupt auto dealer Tricolor is “not our finest moment,” the bank’s CEO Jamie Dimon told reporters on a conference call on Tuesday.  JPMorgan charged off $170 million in the third quarter related to the situation, and the bank is reviewing its controls, Chief Financial Officer Jeremy Barnum said. …

JPMorgan CEO says its exposure to collapsed auto dealer Tricolor “not our finest moment” Read More »

(Reuters) -Boeing said on Tuesday it has secured about $2.7 billion in a combination of multi-year contracts to supply a key guidance component for the Patriot interceptor missiles. The contracts come amid surging global demand for Patriot Advanced Capability‑3 (PAC‑3) interceptor missiles, as the United States and allied militaries ramp up air defense capabilities in …

Boeing awarded $2.7 billion in contracts for Patriot missile seekers Read More »

(Reuters) -Salesforce expanded partnerships with OpenAI and Anthropic to integrate their frontier AI models into its Agentforce 360 platform, aiming to deliver enterprise-grade AI tools to a wider range of businesses and regulated industries. The deals, announced on Tuesday, will embed OpenAI’s latest GPT-5 model and Anthropic’s Claude family of models directly into Salesforce’s ecosystem, …

Salesforce deepens AI ties with OpenAI, Anthropic to power Agentforce platform Read More »

By Anshuman Tripathy (Reuters) -Horizon Aircraft has agreed to buy Pratt & Whitney Canada’s PT6A engine for its hybrid vertical takeoff aircraft, it said on Tuesday. The Canada-based electric vertical takeoff and landing aircraft (eVTOL) firm will integrate the engine, which powers thousands of commuter, agricultural, and business aircraft globally, into its Cavorite X7 aircraft. …

Canada’s Horizon Aircraft picks Pratt & Whitney engine for its hybrid aircraft Read More »

By Mike Dolan (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Wall Street’s ‘fear gauge’ of implied stock market volatility touched its highest in almost four months on Tuesday as a fresh wave of AI excitement jostled with trade war tensions and the onset of the third …

Morning Bid: Volatility builds as AI jockeys with trade Read More »

By Abigail Summerville and Svea Herbst-Bayliss (Reuters) -Tylenol maker Kenvue was already having a painful year before U.S. President Donald Trump and his health secretary got involved. Activist investor Starboard Value took aim at the company about a year ago, forcing the Band-Aid and Benadryl maker to settle a potentially costly and time-consuming fight by …

Analysis-Trump’s Tylenol claims limit M&A options for parent company Kenvue Read More »

(Reuters) -Futures tied to Canada’s main stock index rose on Tuesday, signaling a recovery after Friday’s sharp decline due to renewed U.S.-China tensions that triggered profit-taking across the market. December futures on the S&P/TSX index were up 0.4% at 05:30 a.m. ET (0930 GMT), as investors returned to trading following Canada’s Thanksgiving holiday on Monday. …

TSX futures rebound after US-China trade tensions sparked selloff Read More »