Reuters US Business

By Douglas Gillison WASHINGTON (Reuters) -Wall Street’s top regulator on Thursday eased the way for companies to proceed with initial public offerings during the federal government’s shutdown, according to an announcement on its website. Companies are normally prevented from debuting on Wall Street during periods when Congress has not approved funding for government operations, because …

Wall Street regulator eases IPO path during government shutdown Read More »

By Rajesh Kumar Singh and Doyinsola Oladipo CHICAGO/NEW YORK (Reuters) -Spirit Airlines’ financial troubles reveal that going upscale is not a panacea for the challenges facing low-cost carriers, which are grappling with mounting operating costs, changing customer preferences and stiff competition from the Big Three U.S. airlines. After emerging from bankruptcy protection in March, Spirit …

Analysis-Spirit’s troubles expose limits of premium strategy for low-cost carriers Read More »

(Reuters) -Federal Reserve Governor Christopher Waller on Friday said his interview with Treasury Secretary Scott Bessent to be the next U.S. central bank chief went well and was not at all political. Waller, seen as top contender to succeed Chair Jerome Powell next year, told CNBC the interview was “all serious economics.” CNBC reported earlier …

Waller says interview for Fed chair went ‘great’, not political Read More »

(Corrects company name in paragraph 12 to Benchmark Mineral Intelligence; restores dropped word “factory” in first paragraph) By Nora Eckert STANTON, Tenn. (Reuters) -Stanton, Tennessee – population 450 – welcomed a massive new neighbor a few years ago: a Ford electric-truck factory and a joint-venture battery plant slated to employ 6,000 workers. Ford’s 2022 groundbreaking …

Trump’s crackdown on EVs hits home in the Battery Belt Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment was steady in October, with households appearing to shrug off a partial shutdown of the government, though worries about the labor market and inflation lingered. The University of Michigan’s Surveys of Consumers on Friday noted that “pocketbook issues like high prices and weakening job prospects remain at …

US consumer sentiment steady in October, but labor market worries persist Read More »

(Clarifies the name of talk show in paragraph 9) By Rodrigo Campos, David Lawder and Bhargav Acharya (Reuters) -The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump’s pledge to prop up the wobbling country and sending the …

Trump boosts Argentina’s Milei with $20 billion lifeline as US buys pesos Read More »