Reuters US Business

(Reuters) – JPMorgan Chase has promoted 227 employees in its commercial and investment bank (CIB) division to the coveted role of managing director, according to a memo seen by Reuters on Thursday. Among the newly appointed MDs, 184 are part of CIB’s core businesses, including global banking, markets, payments and securities services. The managing director …

JPMorgan promotes 227 employees to MD level in key banking division Read More »

By Zaheer Kachwala (Reuters) -Mobileye Global forecast surprise second-quarter revenue growth on Thursday and said the company would not face a direct impact from U.S. President Donald Trump’s tariffs, sending its shares up as much as 8%. Executives of the maker of technology for autonomous-car systems cited the “simplicity” of its supply chain where the …

Mobileye soothes tariff fears with strong second-quarter revenue forecast Read More »

(Reuters) – Spirit Airlines said on Thursday it has received an approval to list its shares on the NYSE American, weeks after the low-cost carrier emerged from bankruptcy. The company said its shares are expected to begin trading on April 29. NYSE had delisted Spirit’s shares in November as the U.S. no-frills airline filed for …

Spirit Airlines gets approval for NYSE American listing Read More »

(Reuters) -The Trump administration on Wednesday said it would implement an emergency permitting process for energy and mining projects on federal lands, slashing approval times that typically take months or years to at most 28 days. The U.S. Department of the Interior move is in response to President Donald Trump’s national energy emergency declaration, which …

Trump emergency move aims to cut approval times for energy projects to 28 days Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) -Adobe said on Thursday it is adding image-generation artificial intelligence models from OpenAI and Alphabet’s Google to its Firefly app and bringing the app to mobile devices. Adobe is the owner of multiple software programs such as Photoshop and Premiere that are widely used by creative professionals in the …

Adobe adds AI models from OpenAI, Google to its Firefly app Read More »

By Lisa Barrington, Tim Hepher and Abhijith Ganapavaram SEOUL/PARIS (Reuters) -Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to the United States in a delivery standoff that drew new criticism of Beijing from U.S. President Donald Trump on Thursday. The move to prevent …

Boeing poised to resell jets as tariffs hit China trade Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting the labor market remained resilient despite darkening clouds over the economy caused by a chaotic trade policy. But President Donald Trump’s constantly shifting tariffs position has heightened economic uncertainty, sharply eroding business and consumer …

US labor market holds steady for now; tariffs keep businesses on edge Read More »

By Abhinav Parmar and Nathan Gomes (Reuters) -Parcel giant UPS said on Thursday it would buy Canada’s Andlauer Healthcare Group in an all-cash deal valued at $1.6 billion, boosting its healthcare logistics business. UPS has been implementing an acquisition-led strategy to expand its premium healthcare business, even as it continues to reduce costs through increased …

UPS deepens healthcare push with $1.6 billion deal for Canada’s Andlauer Read More »

By Leika Kihara WASHINGTON (Reuters) -Many Asian central banks have room to ease monetary policy to cushion the blow to their economies from U.S. tariffs, a senior International Monetary Fund official said on Thursday, after the fund cut its GDP estimates for the export-driven region. In its latest reference forecasts, the IMF said it expected …

Asian central banks have space to ease rates to soften US tariff hit, IMF official says Read More »