Reuters US Business

By Arasu Kannagi Basil (Reuters) -Stablecoin issuer Circle Internet’s shares climbed 48% on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. New York-based Circle’s stock went as high as $123.49, nearly four times its $31 offer price and valuing the company at $32.1 billion …

Stablecoin firm Circle adds to stellar first day gains with another stock surge Read More »

By Mike Scarcella and Luc Cohen (Reuters) -Former Manhattan U.S. Attorney Damian Williams has left Paul Weiss, the law firm he joined in January, becoming the latest partner to depart the Wall Street firm since it struck a deal with U.S. President Donald Trump in March to rescind an executive order against it. Williams is …

Former Manhattan US attorney leaves Paul Weiss for law firm fighting Trump Read More »

By Anirban Sen NEW YORK (Reuters) -The U.S. government’s growing debt pile is a “ticking time bomb” and how the Trump administration reacts to this crisis is going to be “super important”, Citadel Securities President Jim Esposito said on Thursday. Several other leaders of the financial services industry have issued similar warnings about the current …

Citadel Securities’ Esposito says US deficit is a ‘ticking time bomb’ Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth slowed in May amid uncertainty about the Trump administration’s import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the Federal Reserve to delay resuming its interest rate cuts. The ebbing labor market momentum reported by the Labor Department on Friday …

US job growth slows as tariff uncertainty leaves businesses in limbo Read More »

ZURICH (Reuters) -UBS may be able to carry out fewer share buy-backs in future following proposals that it should hold higher levels of core capital, the Swiss government said on Friday. Still, UBS restated its capital return plans for this year after the proposals came out, including share buy-backs, and said it would communicate its …

UBS buybacks may be hit by new capital rules: Swiss government Read More »

By Michael S. Derby (Reuters) -As he heads toward retirement at month’s end, Philadelphia Federal Reserve President Patrick Harker says interest rate cuts remain a possibility this year amid a very uncertain economic landscape, as he also flagged worries about the quality of economic data policymakers use to make their decisions. When it comes to …

Fed’s Harker says rate cuts this year still possible, amid data quality worries Read More »

By Mrinalika Roy (Reuters) – U.S. President Donald Trump’s increased tariffs on imported steel and aluminum – key materials used in industries ranging from construction to packaging – kicked in on Wednesday, pushing duties to 50% from 25% previously. While the tariffs are aimed at encouraging investment in domestic production, they have already fuelled higher …

Factbox-Leading steel, aluminum importing companies in US Read More »