Reuters US Business

By Davide Barbuscia NEW YORK (Reuters) – U.S. bond giant PIMCO said protectionism in U.S. trade policy strengthened the case for dialing down exposure to the U.S. dollar and long-dated Treasury bonds, while greater reliance on foreign bond markets had become more attractive. U.S. President Donald Trump’s tariffs have rocked financial markets and triggered a …

PIMCO bearish on dollar, long-term Treasuries as US safe-haven status wavers Read More »

By Arasu Kannagi Basil and Niket Nishant (Reuters) – American Express beat Wall Street estimates for first-quarter profit on Thursday, as its affluent customers shrugged off fears of a slowdown to continue spending on travel and entertainment. The credit card giant also stuck to its profit and revenue forecast for 2025, at a time when …

AmEx profit beats expectations as card spending holds up Read More »

(Reuters) -Spirit Airlines on Thursday appointed Dave Davis as its new chief executive officer, weeks after the U.S. discount carrier emerged from bankruptcy and reconstituted its board. Davis, joining from rival Sun Country Airlines where he was the finance chief since 2018, will be tasked with a business overhaul as Spirit works to move away …

Spirit Airlines names new CEO after emerging from bankruptcy Read More »

(Reuters) -Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott as his successor, effective immediately. Evan previously held the role of treasurer and CFO of the U.S. defense company’s two different business areas during his more than twenty year career at Lockheed. Outgoing CFO Malave …

Lockheed Martin CFO Malave departs, insider Scott takes over Read More »

By Shivansh Tiwary (Reuters) -Archer Aviation on Thursday unveiled plans for a proposed air-taxi network in New York City, in partnership with United Airlines, as it seeks to tap into the airport commute market in Manhattan. Shares of the air-taxi maker were up 7% in morning trading. Archer plans to link Manhattan with nearby airports …

Archer unveils plans for NYC air-taxi network in partnership with United Airlines Read More »

(Reuters) -Custodian bank State Street on Thursday reported a 39% jump in first-quarter profit, benefitting from lower expenses and higher fees earned from managing client assets. The bank’s assets under custody and administration rose 6% to $46.7 trillion in the three months ended March 31 from a year earlier, driven by higher market levels and …

State Street’s quarterly profit jumps 39% on strong fee income, lower expenses Read More »

By Nevzat Devranoglu and Daren Butler ISTANBUL (Reuters) -Turkey’s central bank hiked its key interest rate by 350 basis points to 46% on Thursday, in a surprise move that reversed an easing cycle and boosted Turkish assets following market turmoil triggered by the arrest of Istanbul’s mayor last month. The policy pivot – just four …

Turkish central bank surprises with rate hike to 46% after market turmoil Read More »