(Reuters) – JPMorgan Chase has appointed Andrew Kresse and Brian Lamb to lead two key sectors in its commercial banking business, the largest U.S. lender said on Wednesday, as it continues to reorganize the unit. The move follows a greater leadership reshuffle in February in which Melissa Smith and Matt Sable were appointed co-heads of …
JPMorgan names new leadership for key commercial banking units Read More »
By Siddharth Cavale NEW YORK (Reuters) -Walmart is reinstating a minimum basket fee for customers who qualify for U.S. government assistance and those subscribed to its Walmart+ Assist program, according to a memo seen by Reuters and confirmed by Walmart. The move to reinstate the fee, which was waived during the COVID-19 pandemic, comes as …
Walmart reinstates minimum basket fee for SNAP orders Read More »
By Sarah Morland and Rafael Escalera Montoto MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit, known as Walmex, reported a 7% dip in its first-quarter net profit on Tuesday, coming in below analysts’ expectations Net profit fell to 12.32 billion pesos ($602.1 million) for the first three months of 2025, short of a 13.10 …
Walmart in Mexico posts weaker-than-expected 7% dip in Q1 net profit Read More »
PARIS (Reuters) -Airbus called on Wednesday for a swift return to a 1979 agreement between more than 30 countries that for decades ensured duty-free trading for aircraft and parts until the recent eruption of a trade war. Chief Executive Guillaume Faury said there would be “only losers” from a prolonged tariff conflict, especially in the …
Airbus calls for return to duty-free status for aircraft and parts Read More »
By Stephanie Kelly, Timothy Gardner and Curtis Williams NEW YORK (Reuters) -Just 100 days into President Donald Trump’s second term, oil prices have slumped over 20% to below many U.S. producers’ breakeven costs as investors lose confidence amid tariff and policy uncertainty – undercutting Trump’s push for U.S. energy dominance. Trump campaigned on the often …
In Trump’s first 100 days, US energy dominance plans roiled by trade uncertainty Read More »
By Carolina Mandl NEW YORK (Reuters) -Citadel Securities has sent the U.S. Securities and Exchange Commission a wish list for capital markets regulation, including warnings about the risks of 24-hour trading planned by exchanges. The market maker founded by billionaire investor Ken Griffin said overnight trading requires a clear regulatory framework, as well as market …
Citadel Securities flags US regulator about 24-hour trading infrastructure risks Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. Treasury’s primary dealers say they would prefer to end the federal debt ceiling, as it likely increases debt service costs and market volatility and may hurt the dollar’s reserve asset status, minutes of the Treasury Borrowing Advisory Committee (TBAC) showed on Wednesday. “The Committee expressed that its preferred …
US Treasury dealers recommend ending federal debt ceiling Read More »
By David Lawder, Andrea Shalal and Kalea Hall WASHINGTON/DETROIT (Reuters) -U.S. President Donald Trump signed a pair of orders to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner. The …
Trump eases auto tariffs burden as Lutnick touts first foreign trade deal Read More »
(Reuters) – Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly revised 0.5% gain in February, the Commerce Department’ said on Wednesday. Economists polled by Reuters had forecast consumer spending would rise 0.5% after a previously reported 0.4% increase in February. The data was included …
Instant View: Tame March PCE inflation no salve after downbeat Q1 US GDP report Read More »
(Reuters) -Canadian retailer Loblaw exceeded analysts’ expectations for first-quarter revenue and profit on Wednesday and said customers buying locally produced products on its e-commerce platform have more than doubled. The “Buy Canadian” movement is growing with citizens looking to shun products from U.S.-based companies amid U.S. President Donald Trump’s jabs to annex Canada, the imposition …
Retailer Loblaw beats quarterly estimates, sees consumers opting for Canadian products Read More »
