(Reuters) -Citigroup has appointed JPMorgan Chase’s Guillermo Baygual as co-head of mergers and acquisitions, according to an internal memo seen by Reuters on Thursday, as the U.S. bank seeks to grow its share of the lucrative dealmaking business. Baygual, who has spent over 25 years at JPMorgan, most recently served as the global co-head of…
By Howard Schneider WASHINGTON (Reuters) -Risks to the job market have increased, but it remains too soon to commit to interest rate cuts before the next meeting of the U.S. Federal Reserve with key data still to come and inflation still expected to rise in coming months, Atlanta Fed President Raphael Bostic said on Thursday….
(Reuters) -The United States imposed sanctions Thursday on 18 entities and individuals to target what the Treasury Department called a network helping Iran evade sanctions and generate revenue. The U.S. targets include RUNC Exchange System Company and its leadership, Cyrus Offshore Bank, and Iranian software holding company Pasargad Arian Information and Communication Technology, according to…
(Reuters) -Fox Corp topped Wall Street estimates for quarterly revenue and profit on Tuesday, driven by a surge in advertising, affiliate fee and continued growth at its free ad-supported streaming service, Tubi. The company also announced a $5 billion increase to its share repurchase authorization. The owner of Fox News saw revenue from affiliate fee…
(Reuters) -New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., on Monday filed for an initial public offering of up to $300 million in the United States. The move is the latest in a series of ventures by U.S. President Donald Trump’s family, including a meme coin launched…
WASHINGTON (Reuters) -The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. “We’re not going to rush for the sake of doing deals,” Bessent told CNBC…
By Sarah N. Lynch (Reuters) -A former Louisville police officer will be sentenced on Monday for violating Breonna Taylor’s rights during the raid in which she was shot and killed, with President Donald Trump’s Justice Department asking the judge to imprison him for just one day. The surprising request by the department’s Civil Rights Division…
By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes eased while the dollar strengthened against major currencies on Monday as investors awaited the next announcements in the White House’s trade negotiations. Longer-dated U.S. Treasury yields edged higher. The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said…
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.4% to $160.98 in morning trading,…
HOUSTON -Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday. Oil and gas production decreased slightly. Meanwhile, costs among oilfield service firms rose at a slightly faster pace in the second quarter compared with the…
