Reuters US Business

(Reuters) -Most of Wells Fargo & Co’s employees, including those in customer-facing roles, will return to their offices on March 14 and work under a hybrid flexible model, according to a company memo seen by Reuters on Wednesday. The bank had delayed plans https://www.reuters.com/business/finance/wells-fargo-will-announce-new-plans-full-employee-return-new-year-statement-2021-12-21 to bring its staff back to the office in December, citing …

Wells Fargo asks employees to return to office in mid-March – memo Read More »

By Andrea Shalal and Diane Bartz WASHINGTON (Reuters) – The U.S. Treasury Department on Wednesday flagged concerns about consolidation in the $250 billion annual U.S. alcohol market and outlined reforms it said could boost competition and save consumers hundreds of millions of dollars each year. New merger and acquisition scrutiny, different tax rates and lifting …

Treasury wants to stir up U.S. alcohol market to help smaller players Read More »

By Helen Coster and Eva Mathews (Reuters) -Walt Disney Co’s Disney+ subscriber growth restored faith in the future of streaming video and strong attendance at U.S. theme parks added luster to its quarterly results, lifting shares 8% after hours Wednesday. Disney Chief Executive Bob Chapek said he still believes the streaming service, home to hits …

Disney+ streaming growth, park revenue boost shares Read More »

By Noel Randewich and Bansari Mayur Kamdar (Reuters) – Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy. The benchmark 10-year U.S. Treasury yield slipped from multi-year highs hit in the previous session, …

Wall Street ends sharply higher, lifted by Big Tech Read More »

By Tina Bellon and Nivedita Balu (Reuters) -Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. Shares were up nearly 6% in after-hours trading. The company’s first-quarter outlook fell short of Wall Street …

Uber posts quarterly profit as ride demand recovers, delivery remains strong Read More »

By Chris Prentice and Dhara Ranasinghe WASHINGTON/LONDON (Reuters) – World stocks rallied on Wednesday, with Wall Street rising again on a Big Tech boost and European shares gaining on strong earnings as investors put aside worries about rising interest rates for now. The benchmark 10-year U.S. Treasury yield slipped from multi-year highs hit in the …

Global stocks rise on strong earnings, tech sector strength Read More »

By Deborah Mary Sophia and Uday Sampath Kumar (Reuters) – Mattel Inc forecast full-year profit above estimates on Wednesday, with the company confident robust demand for its Barbie dolls and other toys will help it weather rampant supply chain disruptions, sending its shares up about 6% in extended trading. Demand for toys has surged to …

Mattel forecasts full-year earnings above estimates as toy demand holds strong Read More »