Reuters US Business

By Virginia Furness LONDON (Reuters) -JP Morgan has bolstered its green finance and advisory offering in Europe with a new division head to support clients across renewable energy and green technology.  The Wall Street lender has promoted Kai-Christian Nerger to the newly created role of head of green economy banking for Europe within its global …

JP Morgan creates new green banking leadership role Read More »

By Mariam Sunny (Reuters) -Kenvue on Thursday forecast that its annual profit would be flat year-over-year as the consumer health firm anticipates a $150 million impact from President Donald Trump’s trade tariffs implemented on U.S. imports thus far. Customers are bracing for price increases as consumer-facing companies try to navigate higher costs brought on by …

Kenvue expects flat profit as $150 million tariff hit looms Read More »

By Niket Nishant (Reuters) -Carlyle Group will hunt for opportunities to put its $84 billion of capital to use, it said on Thursday, joining a growing host of investment managers seeking to capitalize on the current market disruption and snap up assets at a bargain. While President Donald Trump’s tariff plans have roiled markets, the …

Carlyle seeks dealmaking opportunities to deploy $84 billion in dry powder Read More »

By Alex Lawler LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya. The Organization of the Petroleum Exporting Countries pumped 26.60 million …

OPEC April oil output edges lower despite plans for hike, survey finds Read More »

WASHINGTON (Reuters) -U.S. wholesale inventories increased slightly less than initially estimated in March amid decreases in the stocks of electrical, lumber, apparel and farm products. Stocks at wholesalers rose 0.4%, revised down from the 0.5% gain estimated last month, the Commerce Department’s Census Bureau said on Thursday. Economists polled by Reuters had expected the rise …

US wholesale inventories revised slightly lower in March Read More »

WASHINGTON (Reuters) -U.S. worker productivity dropped in the first quarter for the first time in nearly three years, resulting in a surge in labor costs that could squeeze margins for businesses at a time when they are facing rising costs from tariffs. Nonfarm productivity, which measures hourly output per worker, fell at a 0.8% annualized …

US worker productivity declines in first quarter Read More »

By Julia Payne BRUSSELS (Reuters) – The European Commission opened a public consultation on Thursday on products which could be hit by its new counter-measures to U.S. tariffs should negotiations with Washington fail. The Commission has compiled a list of imported products worth 95 billion euros ($107.24 billion) and a list of EU exports to …

Factbox-What items are in the EU’s new response measures to Trump tariffs? Read More »

By Aishwarya Jain (Reuters) -Peloton Interactive raised its 2025 revenue forecast on Thursday but reported a bigger third-quarter loss than expected as the fitness company struggles to recover from a post-pandemic slump, sending its shares down more than 14% in morning trading. The pandemic-era favorite has been pivoting away from equipment such as spin bikes …

Peloton shares slide on bigger-than-expected Q3 loss Read More »

By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The recent trade developments have threatened U.S. exports of natural gas liquids (NGLs), such as …

U.S. exports of natural gas liquids touch record high in April Read More »