Reuters US Business

By Ankika Biswas and Ankita Yadav (Reuters) -European equity markets are drawing fresh interest from global investors, as resilient returns and cheaper valuations offer a compelling case for diversification beyond Wall Street. Amundi, Europe’s largest asset manager, and M&G Investments are among firms reallocating portfolios toward the region. Amundi has rebalanced its long-equity positions into Europe, …

Investors see European stocks as compelling in bid to diversify Read More »

(Reuters) -JPMorgan will engage with stakeholders and policymakers after U.S. President Donald Trump unveiled a one-time fee of $100,000 for H-1B visas, the Times of India newspaper said on Tuesday, citing an interview with CEO Jamie Dimon. Some big tech companies warned visa holders to stay in the United States or return quickly after the …

JPMorgan to engage with stakeholders on H-1B visa fee, Indian media say Read More »

By Jonathan Stempel NEW YORK (Reuters) -Amazon.com sued the New York State Public Employment Relations Board on Monday to block it from enforcing a new law that the online retailer considers an attempt to illegally regulate private sector labor relations. In a complaint filed in Brooklyn federal court, Amazon accused New York of engineering an …

Amazon sues to block New York state labor law Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -All three major U.S. stock indexes registered record closing highs for a third straight session on Monday, led by gains in technology shares, with Nvidia gaining after it said it will invest up to $100 billion in OpenAI. Shares of Nvidia gained 3.9%. Nvidia will also supply OpenAI with …

Wall St indexes post record closing highs again, with Nvidia, tech shares higher Read More »

By Sabrina Valle (Reuters) -The largest U.S. railroad union said Monday it will support Union Pacific’s $85 billion acquisition of Norfolk Southern, helping to advance a deal that surprised competitors and had been expected to face resistance from labor and regulators. The endorsement marks a shift from the initial opposition by SMART-TD, the transportation division …

Largest US rail union endorses Union Pacific, Norfolk Southern merger Read More »

By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Spirit Airlines said on Monday it is preparing to furlough one-third of its flight attendants after filing for its second bankruptcy in a year, as the carrier grapples with dwindling cash and mounting losses. The low-budget airline will temporarily lay off about 1,800 flight attendants from its total …

Spirit Airlines preparing to furlough one-third of its flight attendants Read More »