Reuters US Business

WASHINGTON (Reuters) -Contracts to purchase previously owned U.S. homes increased more than expected in October, likely as lower mortgage rates pulled buyers back into the market. Pending home sales rose 1.9% last month after an upwardly revised 0.1% gain in September, the National Association of Realtors said on Tuesday.  Economists polled by Reuters had forecast …

US pending home sales increase in October amid lower mortgage rates Read More »

(Reuters) -Wall Street’s main indexes were mixed at the open on Tuesday as investors took stock of a series of delayed economic data to gauge the health of the U.S. economy, while Alphabet gained after a report said Meta was in talks to spend billions on the Google parent’s chips. The Dow Jones Industrial Average …

Wall Street opens mixed as investors assess data, Alphabet shines Read More »

(Reuters) -Beverage maker Keurig Dr Pepper on Tuesday appointed Anthony DiSilvestro as the company’s chief financial officer, effective immediately, replacing outgoing CFO Sudhanshu Priyadarshi. DiSilvestro left as finance chief of toymaker Mattel in May 2025, after joining the company in 2020. He previously served as CFO at Campbell Soup Co from 2014 to 2019. George …

Keurig Dr Pepper taps Mattel veteran Anthony DiSilvestro as CFO Read More »

NEW YORK (Reuters) -U.S. retail sales rose 0.2% after an unrevised 0.6% gain in August, the Commerce Department said on Tuesday, short of the 0.4% rise expected by economists polled by Reuters.  Separately, the Labor Department said the Producer Price Index for final demand increased 0.3%, which matched expectations, after an unrevised 0.1% drop in …

Retail sales miss expectations in September, producer prices rise Read More »

By Patturaja Murugaboopathy (Reuters) -U.S. tech companies’ share of S&P 500 earnings has been slipping even as their contribution to the index’s market value remains near multi-decade highs, raising concerns that their prices are further removed from underlying profit trends. According to a Reuters analysis, tech companies accounted for 20.8% of the S&P 500’s total …

US tech valuations stretched further as earnings contribute less Read More »

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As a year-end Federal Reserve interest rate cut comes back into play, the trickle of backlogged U.S. economic data turns into a torrent on Tuesday as markets get a better take on the U.S. consumer ahead of …

Morning Bid: Consumer readout tests Fed hopes Read More »

(Reuters) -Meta Platforms is in talks with Google to spend billions of dollars on the Alphabet-owned company’s chips for use in its data centers starting from 2027, The Information reported, a move that would cast Google as a serious rival to semiconductor giant Nvidia. The talks also involve Meta renting chips from Google Cloud as …

Meta in talks to spend billions on Google’s chips, The Information reports Read More »

By Howard Schneider WASHINGTON (Reuters) -Inflation has helped set back income growth to levels comparable to the slow recovery from the Great Recession more than a decade ago, potentially constraining the spending power of U.S. consumers ahead of the critical holiday retail season, according to an analysis of bank account data from the JPMorgan Chase …

Inflation weighing on US income growth ahead of holiday season, study says Read More »