Reuters US Business

By Mariam Sunny and Padmanabhan Ananthan (Reuters) -Walgreens Boots Alliance, which is being taken private by Sycamore Partners, beat analysts’ estimates for third-quarter profit on Thursday, helped by cost-cutting measures such as store closures. The strong earnings underscore CEO Tim Wentworth’s efforts to turn around the company through measures such as the removal of multiple …

Walgreens tops quarterly profit estimates as Sycamore deal nears completion Read More »

By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Thursday rejected an unusual joint motion by Ripple Labs and the U.S. Securities and Exchange Commission to endorse the cryptocurrency company’s reduced $50 million fine to settle a civil lawsuit over the sale of unregistered securities. U.S. District Judge Analisa Torres in Manhattan chastised both …

SEC, Ripple wants to settle crypto lawsuit, but US judge rebuffs them Read More »

By Manya Saini (Reuters) -Large U.S. global banks can expect as much as $6 trillion in additional balance sheet capacity and billions in freed up capital under a Federal Reserve plan to relax leverage rules, Wall Street brokerages estimated on Thursday. The U.S. Fed unveiled a proposal on Wednesday that would overhaul how much capital …

Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule Read More »

(Reuters) -Renewable energy developer Invenergy and social media giant Meta Platforms have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday. This is the latest in a string of deals by Meta to meet the surging power demand of its data …

Meta signs deals to source more solar, wind power for data centers Read More »

By Laila Kearney THREE MILE ISLAND, Pennsylvania (Reuters) -The former Three Mile Island nuclear power plant in Pennsylvania may restart in 2027, about a year ahead of schedule after being put on a fast track to connect to the regional grid, executives with the plant’s owner Constellation Energy said on Wednesday.  Constellation struck a deal …

Three Mile Island nuclear plant reboot fast-tracked to 2027 Read More »

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday tariffs are very likely to push inflation up over coming months, in remarks that said U.S. central bank policy is where it needs to be to deal with what lies ahead. “I do believe we will see …

Fed’s Barkin says tariffs will start pushing up inflation Read More »

By Abhirup Roy, Rachael Levy and Chris Kirkham (Reuters) -A first public test of robotaxis by Tesla in Austin, Texas led to multiple traffic problems and driving issues, videos from company-selected riders showed over the first few days. Chief Executive Elon Musk has tied Tesla’s financial future to self-driving technology, and with Tesla sales down, …

Tesla’s robotaxi peppered with driving mistakes in Texas tests Read More »

By Dhara Ranasinghe and Linda Pasquini LONDON (Reuters) -A battered dollar is taking another beating as investors, unnerved by fresh signs of an erosion in U.S. central bank independence, waste no time in pushing the greenback back to its lowest levels in over three years. President Donald Trump on Wednesday called Federal Reserve Chair Jerome …

No love for the dollar as markets fret about Fed independence Read More »

By Prakhar Srivastava (Reuters) -Private equity-backed Jefferson Capital has secured a valuation of $1.2 billion after its shares rose 26.7% in their Nasdaq debut on Thursday, signaling a steady recovery in investor appetite for listings with strong fundamentals.    The consumer debt collector’s shares opened at $19 apiece, above its offer price of $15 per share. …

Debt collector Jefferson Capital valued at $1.2 billion in strong Nasdaq debut Read More »