Reuters US Business

(Corrects paragraph 1 to say Thursday, not Tuesday) (Reuters) -Keurig Dr Pepper reported first-quarter revenue and profit above Wall Street expectations on Thursday, helped by strong demand for its energy drinks and beverages among U.S. consumers. WHY IT IS IMPORTANT The Snapple maker saw resilient demand for its higher-priced ready-to-drink beverages, especially in the U.S. …

Keurig Dr Pepper beats profit estimates on strong U.S. demand Read More »

(Reuters) -Stellantis plans to sell Chinese-branded electric vehicles developed by its partner Leapmotor in India as soon as the end of this year, the executive leading the joint venture said. “With the size of the automotive market, India certainly has a lot of potential as well,” said Tianshu Xin, head of China operations for Stellantis …

Stellantis targets India for EVs developed by its China partner Read More »

(Reuters) -Ameriprise Financial reported an 8% rise in first-quarter profit on Thursday, buoyed by the strength in its wealth management business. With more baby boomers transitioning into retirement and younger people accumulating wealth, the demand for financial advice has risen. Minneapolis, Minnesota-based Ameriprise’s adjusted operating revenue from its advice and wealth management arm rose 9% …

Ameriprise Financial’s quarterly profit rises on wealth management strength Read More »

(Reuters) -CenterPoint Energy reported a fall in first-quarter profit on Thursday, but the U.S. utility raised its capital expenditure plan to meet expected demand from data centers used for artificial intelligence technologies. A winter storm in January across the U.S. Gulf Coast brought major cities like Houston and New Orleans to a near-standstill and broke …

CenterPoint to spend more to meet AI power demand despite fall in quarterly profit Read More »

By Hannah Lang (Reuters) -Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal’s stablecoin and allowing its users to redeem the token directly for U.S. dollars, a major milestone for PayPal as the company doubles down on crypto payments. The move is part of a joint effort by Coinbase …

Coinbase waives fees on PayPal’s stablecoin in crypto payments push Read More »

By Deena Beasley (Reuters) -Merck on Thursday said its first-quarter adjusted profit rose 7% as lower costs helped offset a 2% decline in sales, reflecting a January decision to pause shipments of its Gardasil vaccine to China due to a downturn in demand. For the full year, Merck lowered its earnings outlook slightly, citing an …

Merck posts higher profit, puts tariffs cost at $200 million Read More »

(Reuters) – What matters in U.S. and global markets today.  By Naomi Rovnick, markets enterprise correspondent Animal imagery, popular in financial markets since the 1870s, will dominate conversations today as traders question if U.S. stocks that turned bullish this week after skirting bear market territory have just executed a dead cat bounce.  Investors eyeing Thursday’s …

Morning Bid: Was that a dead cat bounce? Read More »

By Michael S. Derby NEW YORK (Reuters) -Market participants unsettled by the Trump administration’s choppy policy rollout are working to game out what the Federal Reserve would do if asset prices spiral out of control and require stabilization by the U.S. central bank. The anxiety arises from weeks of volatile trading and big price declines …

Analysts game out use of Fed toolkit if market needs central bank’s help Read More »

LONDON (Reuters) -The dollar, battered and bruised by U.S. tariff uncertainty and recession fears, has much further to fall, Goldman Sachs chief economist Jan Hatzius says. WHY IT’S IMPORTANT The dollar has fallen over 4.5% in April, set for its biggest monthly drop since late 2022, as investors dump U.S. assets, sparking talk of a …

Dollar has further to fall, says Goldman Sachs chief economist Read More »