LONDON (Reuters) – Barclays has agreed to sell about $1.1 billion of credit card debt in the United States to Blackstone, in a deal the British bank said would free up capacity to expand lending and reduce balance sheet risk. Barclays said the agreement reflected its recently-announced strategy to prioritise growing lending to consumers, and…
By Hannah Lang and Amanda Cooper WASHINGTON/LONDON (Reuters) -Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10% in two sessions, helped by…
(Reuters) – Automotive parts retailer AutoZone reported a better-than-expected quarterly profit on Tuesday, helped by a Do-It-Yourself(DIY) trend among customers wanting to keep their older cars on the road. Demand for auto parts stayed resilient during the quarter as surging prices of new and used vehicles discouraged some buyers from buying new ones. The Memphis,…
(This Feb. 26 story has been refiled to fix the syntax in the headline) By Niket Nishant (Reuters) – Warren Buffett-led Berkshire Hathaway’s shares closed down by more than 2% on Monday, slowing its march to $1 trillion market value on investor worries after the U.S. government warned of a lawsuit against its power company,…
By Erwin Seba HOUSTON (Reuters) – Oil prices gained on Monday as European diesel demand, constrained by Russian sanctions and shipping disruptions, pulled prices higher in a market jittery with U.S. refinery output limited by planned overhauls, analysts said. Brent crude futures settled with a gain of 91 cents, or 1.11%, at $82.53 a barrel….
By Melanie Burton and Echha Jain MELBOURNE (Reuters) -U.S. aluminium producer Alcoa on Monday made a $2.2 billion all-stock buyout proposal for its Australian joint venture partner Alumina, in a deal that would give it greater upstream exposure and simplify its operations. Alumina’s only asset is a 40% stake in the Alcoa World Alumina and…
By David Shepardson WASHINGTON (Reuters) -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by a significant wireless outage because of the disruption, the company said late on Saturday. AT&T, whose 5G network covers around 290 million people across the United States, grappled with interruptions to its service for more…
By James Oliphant (Reuters) -Frontrunner Donald Trump was hoping to use a sizable victory in South Carolina’s Republican primary on Saturday to persuade rival Nikki Haley to drop out of the presidential race. While the outcome put Trump even closer to clinching the party’s nomination, Haley has vowed to press on. Here are some takeaways…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose. Net income also reached a record $96.2 billion, as the rising stock market boosted the value of Berkshire’s $354…
By James Oliphant (Reuters) – Donald Trump wants to make South Carolina the end of the road for Nikki Haley in their battle for the Republican nomination. Haley aims to survive and take their fight into the multistate Super Tuesday contest in March. Opinion polls show the former U.S. president with a clear advantage in…
