Reuters US Business

JPMorgan to enable crypto purchases via credit cards in Coinbase tie-up

By Manya Saini (Reuters) -U.S. banking giant JPMorgan partnered with Coinbase on Wednesday to allow customers to fund their wallets using its Chase credit cards and buy cryptocurrency on the exchange starting in fall 2025. Once viewed warily by traditional financial institutions, the digital assets industry has gained enough traction among consumers and investors that …

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United Airlines’ flight attendants vote to reject tentative agreement

(Reuters) -Flight attendants at United Airlines voted on Tuesday to reject the tentative agreement for a new contract with the carrier, their union said. The Association of Flight Attendants-CWA, which represents 28,000 of United’s flight attendants, said 92% of the eligible voters cast a ballot, with 71% voting not to ratify the agreement. The agreement, …

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Booking Holdings posts upbeat quarterly results on strong international bookings

(Corrects to remove paragraphs 2 and 3 for incorrectly referencing Chinese tourists’ visits to Southeast Asia and Booking’s Asia reservation percentage) (Reuters) -Online travel agency Booking Holdings beat Wall Street expectations for second-quarter profit and revenue on Tuesday, as international bookings offset weak travel spending in the U.S.  Booking Holdings said it expects third-quarter revenue growth …

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Bank of Canada holds rates steady and says global trade war risk has eased

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada held its key policy rate at 2.75% for the third time in a row on Wednesday, as expected, and said the risk of a severe and escalating global trade war had diminished. But for the second consecutive quarter, the central bank declined to …

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Rio Tinto logs smallest first-half profit in five years on lower iron ore prices

By Melanie Burton, Sameer Manekar and Clara Denina (Reuters) -Rio Tinto reported its smallest first-half underlying profit since 2020 and lowest interim dividend in seven years on Wednesday, as falling iron ore prices and rising costs in Australia highlighted the challenges facing its incoming CEO. The world’s largest iron ore producer posted underlying earnings of …

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Prada first half revenue rises 9%, powered by Miu Miu brand

MILAN (Reuters) -Prada reported on Wednesday a 9% increase in first half net revenues at constant currencies, defying the weak sector trend thanks to its smaller but fast expanding Miu Miu brand, while its main eponymous label lagged behind. Net revenue at the family-owned group, which will soon include Versace, totalled 2.74 billion euros ($3.16 …

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Humana raises annual profit forecast as medical costs stabilize

(Reuters) -Humana raised its annual profit forecast after beating quarterly estimates on Wednesday, as the U.S. health insurer succeeded in keeping its medical costs in check, in contrast to several of its rivals who recently slashed their expectations. The company said its strong quarterly performance was also driven by better-than-expected membership in individual Medicare Advantage …

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Bunge beats quarterly profit estimates on processing margin recovery

By Karl Plume (Reuters) -U.S. grain trader and processor Bunge Global reported a smaller-than-expected drop in second-quarter profit on Wednesday on improved oilseed processing margins and better results from its grains and oils merchandising business. The earnings beat came as Bunge secured final regulatory approvals for its long-delayed deal to acquire grain handler Viterra, a …

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Etsy beats quarterly revenue estimates on strong demand

-Etsy beat Wall Street expectations for second-quarter revenue on Wednesday, helped by strong demand for handcrafted goods and personalized gifts sold at the online marketplace, sending the company’s shares up about 3% in premarket trading. Concerns about inflation, triggered by U.S. President Donald Trump’s tariff policies, have pressured consumer spending, but Etsy was able to …

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Fintech Ramp secures $22.5 billion valuation in late-stage funding round

(Reuters) -Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series …

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