By Timothy Aeppel (Reuters) – A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, the rate nearly doubled. “It takes the fun out of […]

By Rajesh Kumar Singh and Deborah Mary Sophia CHICAGO (Reuters) -Delta Air Lines said on Wednesday it expects the highest second-quarter revenue in its history thanks to buoyant demand for spring and summer travel and what it called the “most constructive backdrop” for the airline industry. The Atlanta-based carrier forecast a strong profit in the […]

By Rishav Chatterjee and Lawrence White LONDON (Reuters) -HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the business, which covers banking, asset management and insurance, to […]

By Stephen Culp NEW YORK (Reuters) -U.S. stocks were essentially unchanged at the close of a choppy session on Monday, with a solar eclipse offering distraction ahead of crucial inflation data and the kick-off of first-quarter earnings season. The S&P 500 and the Dow posted minimal losses while the Nasdaq ended nominally higher. All three […]

By Hannah Lang NEW YORK (Reuters) -The dollar strengthened on Friday but was still set for a weekly loss after data showed U.S. employers hired far more workers than expected in March, potentially delaying anticipated interest rate cuts from the Federal Reserve this year. Nonfarm payrolls increased by 303,000 jobs last month, the Labor Department […]

By Anirban Sen and Milana Vinn (Reuters) -Google parent Alphabet has been talking to its advisers about the possibility of making an offer for HubSpot, an online marketing software company with a market value of $35 billion, people familiar with the matter said. If Alphabet moves ahead with a bid, it would be a rare […]

(Reuters) – U.S.-listed shares of pot producers rise premarket on Tuesday after the Florida Supreme Court on Monday allowed voters to decide on the fate of recreational use of marijuana in the state through a referendum on the November ballot. If passed, adult-use cannabis will be legal in the country’s third-most populous state. WHY IT […]

By Ananta Agarwal and Deborah Mary Sophia (Reuters) -United Parcel Service said on Monday it will become the United States Postal Service’s (USPS) primary air cargo provider, as rival FedEx announced an end to its more than 20-year partnership with the postal service provider. USPS was the largest customer for FedEx’s air-based Express segment, even […]

MADRID (Reuters) – Ford is considering making a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday. “We are closely monitoring the evolution of the European markets for opportunities to enhance our current product offering,” the group said. “Given the changes we see in the industry, we believe […]