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By Jaiveer Shekhawat and Manya Saini (Reuters) – Digital banking fintech firm Chime disclosed a rise in 2024 revenue in its IPO filing on Tuesday for a long-awaited U.S. stock market launch. Financial technology companies have increasingly entered the U.S. lending space, aiming to wrest market share from major players such as JPMorgan Chase, Bank …

Digital banking startup Chime reveals rise in revenue as it files for US IPO Read More »

By Ana Mano and Roberto Samora SAO PAULO (Reuters) – JBS, the world’s largest meatpacker, reported a nearly 78% annual increase in net profit driven by its poultry and pork businesses in Brazil and the U.S., and said on Tuesday the global trade war has so far had little impact on its business. Its net …

Brazil meatpacker JBS sees slim trade war impact as Q1 earnings top forecasts Read More »

By Natalia Siniawski MEXICO CITY (Reuters) – Mexico hopes to start a review of its trilateral trade agreement with the U.S. and Canada in the second half of this year, ahead of schedule, to provide clarity to consumers and investors, the nation’s economy minister said on Tuesday. “We estimate that we’ll start discussions in the …

Mexico hopes early USMCA review will give investors, consumers clarity Read More »

(Reuters) – Bank of America plans to open more than 150 new branches by the end of 2027, it said on Tuesday, as part of the lender’s efforts to expand its physical presence across the United States. The bank will open 40 new branches this year, with an additional 70 sites planned for 2026, it …

Bank of America to open more than 150 new branches by 2027 Read More »

RIYADH (Reuters) -The United States does not need to block the global spread of its AI chips and technology to manage national security risks, a White House official said on Tuesday, signalling a more open stance on exports to trusted allies such as Saudi Arabia. David Sacks, the White House’s AI and crypto czar, made …

US can curb AI chip risks without halting tech exports, US official says Read More »

(Reuters) -The U.S. Consumer Financial Protection Bureau is proposing to do away with a registry of nonbank corporate offenders, which was created under the Biden administration to track companies caught violating consumer laws, according to a notice submitted on Tuesday to the Federal Register. The is the latest step in the Trump administration’s broad retrenchment …

US consumer finance watchdog proposes scrapping bad actor registry Read More »

(Reuters) -Wall Street heavyweight Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business. The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit. …

Citi to sell wealth alternatives unit to fintech firm iCapital Read More »

(Reuters) – American Eagle Outfitters withdrew its annual forecasts on Tuesday and took a $75 million inventory charge on its spring and summer collection due to economic uncertainty fueled by tariffs, sending its shares crashing 18% in extended trading. Persistently high inflation in the United States, American Eagle’s biggest market, along with uncertainty around tariff-related …

American Eagle withdraws annual targets as tariff uncertainty hits demand, shares drop Read More »

(Reuters) – Southwest Airlines on Tuesday filed with U.S. regulators asking for a permit to fly more international routes, including Europe, hinting at plans to expand its limited global network. The carrier’s filing with the U.S. Department of Transport seeks permission to transport “persons, property and mail” to all countries with which the United States …

Southwest Airlines files for permit to fly more international routes Read More »