Reuters US Business

(Reuters) -PGIM, the investment management arm of insurer Prudential Financial, will combine its fixed income and private credit units to create a nearly $1 trillion credit platform, a company spokesperson said on Tuesday. The combined credit unit will be led by John Vibert, who was overseeing the fixed income business. Matt Douglass will remain the …

Prudential Financial’s PGIM to merge units into $1 trillion credit platform Read More »

By Echo Wang and Anirban Sen NEW YORK (Reuters) -Lime, a startup backed by Uber Technologies that operates an electric bike and scooter network, has hired investment banks to help it prepare for a long-awaited U.S. initial public offering, according to people familiar with the matter.  The San Francisco-based startup is making preparations for a …

Exclusive-Uber-backed electric bike startup Lime hires banks for US IPO, sources say Read More »

WASHINGTON (Reuters) -The U.S. current account deficit widened to a record high in the first quarter as businesses front-loaded imports to avoid President Donald Trump’s hefty tariffs on imported goods. The Commerce Department’s Bureau of Economic Analysis said on Tuesday the current account deficit, which measures the flow of goods, services and investments into and …

US current account surges to record high in first quarter Read More »

(Reuters) -McDonald’s and donut maker Krispy Kreme said on Tuesday they would end their partnership in the United States by July, as the companies struggled to manage the costs associated with the venture. Under the partnership, announced in March last year, McDonald’s planned to sell Krispy Kreme’s donuts as part of its breakfast menu at …

McDonald’s, Krispy Kreme to end US donut sale partnership as costs mount Read More »

(Reuters) -Amazon.com plans to expand its same-day and next-day Prime delivery services to over 4,000 smaller cities and rural regions in the United States by the end of 2025, it said on Tuesday, as the company doubles down on efforts to grow its domestic footprint. Amazon earlier this year announced plans to spend more than …

Amazon to expand Prime delivery services in smaller cities, rural areas in US by year end Read More »

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets After a tentative ceasefire was announced in the Middle East, U.S. crude, gold, Treasury yields and the dollar gave up all gains registered since Israel’s initial attack on Iran on June 13. …

Morning Bid: Oil, rates and the dollar tumble Read More »