Reuters US Business

By David Lawder and Andrea Shalal WASHINGTON, Dec 3 (Reuters) – U.S. Treasury Secretary Scott Bessent said he expects more billionaires, foundations and corporations to contribute funds to the new “Trump accounts” for 25 million Americans born between 2025 and 2028, which he said will help them participate in asset appreciation now associated with wealthier …

Bessent sees more private contributions flowing into ‘Trump accounts’ for children Read More »

Dec 3 (Reuters) – Microsoft on Wednesday denied a report from The Information that multiple divisions at the company lowered sales growth targets for certain artificial intelligence products after several sales staff missed their goals in the fiscal year that ended in June. The source-based report cited two salespeople in the Azure cloud-computing unit, which …

Microsoft denies report of lowering targets for AI software sales growth Read More »

By Saeed Azhar NEW YORK, Dec 3 (Reuters) – U.S. consumer finances remain broadly healthy, even though there are some signs of stress for borrowers with lower credit scores, Brendan Coughlin, president of Citizens Financial Group , said on Wednesday. “I don’t see any macro signs of stress,” Coughlin said on a panel at the …

Citizens Bank sees resilient consumer finances and spending Read More »

By Michael S. Derby Dec 3 (Reuters) – The Federal Reserve appears to have finally turned the corner on a three-year-long string of unprecedented loss-making tied to how it has implemented monetary policy in the wake of the COVID-19 pandemic.   Over recent weeks, data released by the central bank shows that since the start of …

Fed data suggests central bank has stopped losing money Read More »

By Shashwat Chauhan Dec 3 (Reuters) – The U.S. securities market regulator has paused the review of proposals for new highly leveraged exchange-traded funds from several fund managers and sought more clarity on the risks tied to the products. In its warning letters sent to nine ETF providers including Direxion, ProShares and GraniteShares on Tuesday, …

SEC halts review of highly leveraged ETF plans, citing risk exposures Read More »

Dec 3 (Reuters) – Shares of American Bitcoin, a bitcoin miner backed by two of U.S. President Donald Trump’s sons, steadied on Wednesday, a day after slumping nearly 40% following the expiry of a share lock-up. The stock rose 11.2% to $2.44 after the first unlock of pre-merger shares unleashed a wave of selling on …

American Bitcoin steadies after share lock-up expiry sparks near 40% plunge Read More »

By Anuja Bharat Mistry and Chandni Shah Dec 3 (Reuters) – Dollar Tree raised its annual profit forecast and beat quarterly estimates on Wednesday, as the discount retailer bets on steady demand for its affordable essentials to offset the impact of tariff-led uncertainty. The company has been able to draw more customers from different income …

Dollar Tree lifts annual profit target on steady demand for affordable items Read More »