Reuters US Business

By Suzanne McGee and Manya Saini (Reuters) -Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media …

Trump Media seeks SEC approval for bitcoin and ethereum ETF Read More »

(Reuters) -Reddit launched two new AI-powered advertising features on Monday aimed at helping brands drive greater engagement by tapping user conversations on the platform, the company said. The company said its AI-driven tool, “Reddit Insights powered by Community Intelligence”, would provide real-time insights to marketers for planning campaigns by identifying trends on the platform and …

Reddit unveils AI-driven ad tools to help brands tap into user discussions Read More »

By Abigail Summerville and Anuja Bharat Mistry NEW YORK (Reuters) -Activist investor Barington Capital Group is pushing Victoria’s Secret to alter its board and end a recently adopted “poison pill” plan, according to a letter to the lingerie maker’s shareholders on Monday. The New York-based hedge fund, which owns more than 1% of the company, …

Victoria’s Secret faces fresh activist fight from Barington Capital Read More »

(Reuters) -The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signaling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers. The new mobile venture will include call centers based in the United States and phones made in …

Trump Organization launches Trump Mobile smartphone service Read More »

(Reuters) -U.S. regional bank Commerce Bancshares has agreed to acquire rival FineMark Holdings in an all-stock deal valued at $585 million, the companies said on Monday. Consolidation among U.S. banks is expected to heighten as rising technology and compliance costs push lenders to scale via mergers and acquisitions. A lighter regulatory touch under the Trump …

Commerce Bancshares to buy Florida peer FineMark in $585 million deal Read More »

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -The head of Boeing Commercial Airplanes, Stephanie Pope, met the chairman of Air India on Monday in India, two sources said, as the companies seek to find the cause of last week’s fatal crash involving a Boeing 787 Dreamliner. Pope met Air India Chairman N. Chandrasekaran …

Top Boeing exec Pope visits Air India HQ to discuss plane crash, sources say Read More »

By Arasu Kannagi Basil (Reuters) -Intercontinental Exchange will add Texas as its venue for secondary listing, the NYSE owner with a market value of $102 billion said on Monday as it prepares to compete with the Texas Stock Exchange to be launched next year. The move deepens the company’s commitment to Texas, which has lured …

NYSE-parent Intercontinental Exchange to dual list on NYSE Texas Read More »