Reuters US Business

(This story has been corrected to remove reference to Marathon Petroleum being a client of Heartland Payroll in paragraph 6)) By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Global Payments said on Wednesday it would sell its payroll division, Heartland Payroll Solutions, to financial technology firm Acrisure for $1.1 billion, marking the payments company’s latest …

Global Payments to sell payroll unit to fintech Acrisure for $1.1 billion Read More »

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials at their last meeting acknowledged they could face “difficult tradeoffs” in coming months in the form of rising inflation alongside rising unemployment, an outlook buttressed by concerns about financial market volatility and Fed staff warnings of increasing recession risk, according to minutes of the May 6-7 …

Fed saw inflation, jobless, stability risks at May meeting, minutes show Read More »

(Reuters) -Chevron has terminated the oil production, service and procurement contracts it had to operate in Venezuela, delegating its joint-venture governance to its partner, state company PDVSA, but it plans to retain its direct staff in the country, four sources close to the decisions said. A key license for Chevron to operate in Venezuela was …

Chevron terminates contracts, but will keep staff in Venezuela, sources say Read More »

By Karen Brettell NEW YORK (Reuters) -The U.S. dollar was boosted for a second day on Wednesday on optimism that trade deals will brighten the U.S. economic outlook, while the Japanese yen was weaker after the government saw soft demand for 40-year bonds. Pessimism over the U.S. economy has declined after President Donald Trump delayed …

Dollar gains on trade optimism, yen slips Read More »

By Gabriel Araujo (Reuters) -Brazilian airline Azul on Wednesday filed for Chapter 11 bankruptcy protection in the United States, it said in a securities filing, after months of trying to restructure mostly pandemic-era debt. The move, which may scupper a potential merger with peer Gol, makes the carrier the latest Latin American airline to file …

Brazil airline Azul files for Chapter 11 to restructure debt Read More »

By Nupur Anand NEW YORK (Reuters) -Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators, but initial steps will be tentative, centering on pilot programs, partnerships or limited crypto trading, according to four industry executives. Wall Street giants that had been largely blocked from many crypto …

US banks tiptoe toward crypto, awaiting more green lights from regulators Read More »

(This May 27 story has been corrected to fix the spelling of Ron Eliasek in paragraph 8) By Milana Vinn Jefferies has lured away four of Guggenheim Partners’ senior-most technology bankers on the West Coast, an unusually large hiring spree as the boutique investment bank builds up its tech practice, according to people familiar with …

Jefferies poaches four senior tech bankers from Guggenheim Partners, sources say Read More »

By Pete Schroeder WASHINGTON (Reuters) -The U.S. banking industry reported $70.6 billion in profits in the first quarter of 2025, a jump of 5.8% from the previous quarter, the Federal Deposit Insurance Corporation reported Wednesday. The regulator said profit growth was primarily due to climbing noninterest income at banks, which was up 7% on the …

U.S. banks see profits climb in first quarter: FDIC Read More »