By Arasu Kannagi Basil and Nupur Anand Sept 15 (Reuters) – JPMorgan Chase expects investment banking fees and trading revenue growth to be strong in the third quarter, co-President Doug Petno said at an investor conference on Tuesday. Shares of the largest U.S. lender erased earlier losses and close
The loved ones of the 67 people who died last year when an airliner and Army helicopter collided over Washington, D.C., urged Congress and regulators Tuesday to do more now to prevent other families from being left clutching belongings and memories instead of their spouses and children. Several of t
By Jonathan Stempel Sept 15 (Reuters) – A federal judge on Tuesday said more than 20 defendants including 3M, DuPont and Honeywell must face claims by Connecticut firefighters who said their protective gear was contaminated by toxic “forever chemicals” that increased their risk of cancer. Lawyers fo
Sept 15 (Reuters) – Truist Financial said on Tuesday it has struck a deal to sell $5.5 billion of auto loans, as CEO Mike Lyons pushes to overhaul the U.S. bank and exit less profitable, non-core businesses. Here are some key details: • The sale is expected to generate $5.2 billion in net proceeds f
By Divya Rajagopal TORONTO, Sept 15 (Reuters) – Canadian gold miner Agnico Eagle is not interested in participating in Barrick Mining’s proposed North American initial public offering, Agnico CEO Ammar Al-Joundi said in an interview on Tuesday. “It would not make sense for us to buy into their North
By David Shepardson WASHINGTON, Sept 15 (Reuters) – The head of the Federal Aviation Administration said the first phase of an ambitious plan to modernize air traffic control will cost billions of dollars more than Congress has approved. Last year, Congress approved $12.5 billion for air traffic con
By Allison Lampert and Nandan Mandayam Sept 15 (Reuters) – Honeywell Aerospace’s CEO called GE Aerospace’s planned $12 billion acquisition of a castings maker “positive for the industry overall” and said on Tuesday he sees more opportunities to bring outsourced capabilities back in-house. Aerospace
By Laila Kearney and Kaori Kaneko NEW YORK/TOKYO, Sept 16 (Reuters) – Hitachi Energy plans to build a $528 million factory in Mississippi to produce electrical transformers, marking the single-biggest investment the company has made as part of its U.S. manufacturing expansion, the company said on Tu
By Tim Hepher COPENHAGEN, Sept 15 (Reuters) – Boeing is close to finalising a delayed order for 150 of its 737 MAX jets after Turkish Airlines threatened to walk away from the high-profile deal in a dispute over maintenance with engine maker CFM, four people familiar with the matter said. The deal,
Sept 15 (Reuters) – Coca-Cola on Tuesday said it plans to invest $10 billion in infrastructure in the U.S., one of its biggest markets, from 2026 through 2030. Here are some more details: • The planned spending includes projects previously announced in California, Colorado, Alabama, New York and oth
By Gianluca Lo Nostro and Tassilo Hummel PARIS, Sept 15 (Reuters) – Cosmetics group L’Oreal became France’s most valuable listed company on Tuesday, surpassing Louis Vuitton owner LVMH as high-end luxury companies remain under pressure after years of slowing sales and lacklustre earnings. It is the
By David Lawder WASHINGTON, Sept 15 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday blamed rising bond yields on “global issues” and confirmed he will meet with Chinese Vice Premier He Lifeng this weekend ahead of a meeting between President Donald Trump and Chinese President Xi Jinping
WASHINGTON (AP) — Senate Democrats on Tuesday blocked legislation to create a new regulatory framework for cryptocurrency, stalling an industry-backed effort to place new guardrails around digital assets after demanding more limits on President Donald Trump’s investments. The 49-50 vote on whether t
TALLINN, Estonia (AP) — Belarus’ authoritarian President Alexander Lukashenko met with a U.S. envoy on Tuesday to push for the lifting of the remaining U.S. sanctions against his country. Speaking at a meeting with John Coale, the U.S. special envoy for Belarus, Lukashenko said that “we have reached
Sept 15 – Otis Worldwide CEO Judy Marks, who helped navigate the elevator maker’s transition to a stand-alone company after its 2020 spin-off from United Technologies, is set to retire, the company said on Tuesday. A committee of independent directors is looking for a successor. • Marks, who has bee
Sept 15 (Reuters) – The major U.S. stock indexes were subdued at open on Tuesday as higher crude prices, elevated Treasury yields and an uncertain outlook for AI demand kept investors at bay. The Dow Jones Industrial Average fell 118.0 points, or 0.23%, at the open to 52,303.24. The S&P 500 fell 7.7
BEIJING (AP) — New border control rules taking effect in China on Tuesday could ban citizens from leaving the country if they engage in illegal activity that endangers national or industrial security. The rules, part of a broader overhaul of border regulations, reflect in part heightened government
By Nidhi Verma and Ahmed Rasheed NEW DELHI/BAGHDAD, Sept 15 (Reuters) – Abu Dhabi National Oil Co (ADNOC) has bought millions of barrels of discounted crude from Iraq’s state oil firm, three people familiar with the matter said, expanding its role as a trader amid supply disruptions from the Iran wa
By Ange Kasongo KINSHASA, Sept 15 (Reuters) – Democratic Republic of Congo has approved a task force to speed up implementation of its strategic minerals partnership with the United States, according to cabinet minutes seen by Reuters on Tuesday, as Kinshasa seeks to attract more Western investment
HONG KONG (AP) — As the rapid development of artificial intelligence triggers a renewed debate about its risks, the United States and China keep racing to develop increasingly powerful models even as they express their own concerns. The U.S. has outpaced China and other countries for years in AI mod
Sept 15 (Reuters) – Wells Fargo lowered its year-end target for the S&P 500 index to 7,700 from 7,950, as limited catalysts for further gains, and rising political and sector-specific risks cloud the market outlook. The market is entering the “late innings” of the cycle, a phase that typically suppo
When someone says they’re retiring because they “hit their number,” my alarm bells go off because it’s often a signal that the retirement plan isn’t as holistic or risk-conscious as it should be. Too often, people use a simple heuristic like the 4% guideline to determine their portfolios’ viability.
By Saeed Azhar NEW YORK, Sept 15 (Reuters) – Goldman Sachs’ asset management said on Tuesday its alternatives unit has raised $11.7 billion across its latest private equity funds and related vehicles. The fundraising included $9.6 billion for flagship fund West Street Capital Partners IX, $1.6 billi
By Mike Dolan Sept 15 (Reuters) – The nervous start to the week for world markets has seen 10-year U.S. Treasury yields top 5% to hit their highest in 19 years, just as Treasury Secretary Scott Bessent prepares to address Congress and the Federal Reserve starts its critical two-day meeting today. Th
By Allison Lampert and Doyinsola Oladipo Sept 15 (Reuters) – Airlines affected by air traffic control staff shortages should do more to prevent delays from snowballing into broader disruptions, a pilots’ union and an aviation consultant said, as lawmakers prepared to discuss U.S. sector reforms on T
By Aditya Soni Sept 16 (Reuters) – The heads of America’s leading AI labs came together in a rare show of unity over the weekend to call for a pause in the technology’s development, warning that it could soon improve on its own and slip beyond human control. The remarks, from fierce business rivals
BEIJING/SHANGHAI, Sept 15 (Reuters) – A potential tie-up between Toyota’s two main Chinese partners could be a sign the long-standing foreign joint-venture model in China is entering a new phase as a shrinking market and brutal competition force automakers to become more efficient. Guangzhou Automob
By Purvi Agarwal, Sruthi Shankar and Medha Singh Sept 15 (Reuters) – Add the summer bond-market rout to the list of market upheavals that U.S. stocks have largely shrugged off. Despite a sharp rise in U.S. Treasury and overseas government bond yields over the past few weeks, the S&P 500 sits just le
SEOUL, Sept 15 (Reuters) – A South Korean lawmaker said on Tuesday, while questioning the country’s finance minister nominee, that U.S. President Donald Trump was due to announce details of Seoul’s planned investment in the United States on Friday. Yoon Hu-duk, a lawmaker from the ruling Democratic
VILNIUS, Lithuania (AP) — NATO fighter jets shot down a drone that entered Lithuanian airspace overnight, officials said Tuesday, less than a day after NATO Secretary-General Mark Rutte said that strikes close to the alliance’s territory would drive the trans-Atlantic organization to increase its su
