Reuters US Business

By Pete Schroeder, Saeed Azhar, Davide Barbuscia WASHINGTON/NEW YORK (Reuters) -The banking industry is optimistic that U.S. regulators will soon move to change how much capital they set aside against typically safe investments, particularly after the turmoil in Treasury markets last month. Such a move to revamp the “supplementary leverage ratio” could reduce the amount …

Analysis-Banking sector says easing of US leverage rules could support Treasury market Read More »

By Doyinsola Oladipo NEW YORK (Reuters) -International travel spending in the United States is expected to decline about 7%, or $12.5 billion, in 2025 as politics and a strong dollar prompt foreign visitors to opt for other destinations, according to the World Travel and Tourism Council. International travelers are shunning U.S. vacations due to unpopular …

Foreign travel spending in US to decline 7% in 2025, report says Read More »

By Anton Bridge TOKYO (Reuters) – Japan’s SoftBank Group reported its first annual profit in four years on Tuesday, likely bringing relief to investors scarred by high-profile failures as it embarks on another series of mammoth tech investments. The Tokyo-based conglomerate reported a 1.15 trillion yen ($7.78 billion) profit for the year ended March versus …

Japan’s SoftBank Group books first annual profit in four years Read More »

(Reuters) -Robinhood said on Tuesday it will buy Canadian crypto firm WonderFi for C$250 million ($178.98 million), as the popular commission-free brokerage looks to expand its international footprint. The all-cash deal values WonderFi at 36 Canadian cents per share, a 41% premium to its previous close. The crypto industry, which is staging a comeback under …

Robinhood woos Canadian crypto users with nearly $180 million WonderFi purchase Read More »

(Reuters) – Major brokerages have scaled back their U.S. recession forecasts following a temporary tariff truce between the U.S. and China, which has fueled optimism for easing global trade tensions.Goldman Sachs reduced its U.S. recession forecast to 35% from 45%, marking the first major brokerage to do so, while Barclays dismissed recession risks entirely and …

Brokerages scale back recession odds after U.S.-China trade truce Read More »