Dollar Signs

By Deborah Mary Sophia, Savyata Mishra and Abigail Summerville (Reuters) -Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain’s largest acquisition, as it looks to broaden its professional customer base to better tackle tepid demand. The company and rival Lowe’s Cos have projected […]

By David Shepardson and Jack Kim NEW YORK/SEOUL (Reuters) -Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years in South Korea to ramp up electric vehicle production and new mobility business and separately hire 80,000 new employees, doubling down at a time when other established automakers are […]

By Manya Saini (Reuters) – U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard, Wall Street analysts said. The antitrust settlement announced on Tuesday is one of the largest in U.S. history. If […]

By Ernest Scheyder (Reuters) – Washington’s drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations that are deterring developers and hampering efforts to break China’s control of the critical minerals sector. Across Texas, Louisiana and other mineral-rich states, it’s unclear who owns […]

LONDON (Reuters) – Global recorded music revenues grew for the ninth year running in 2023, increasing 10.2% to $28.6 billion mainly thanks to a rise in paid streaming subscribers, a report said on Thursday. Paid subscriptions to music streaming services exceeded 500 million globally for the first time, with more than 667 million users of […]

By David Shepardson WASHINGTON (Reuters) – Major U.S. broadband internet providers must start displaying information similar to nutrition labels on food products to help consumers shop for services starting on April 10, under new rules from the Federal Communications Commission (FCC). Verizon Communications said it will begin providing the labels on Wednesday. The FCC first […]

By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded sharply in February, hitting the highest level in nearly two years, boosted by mild temperatures and a persistent shortage of previously owned houses on the market. Despite the hurdle created for many first-time buyers by higher mortgage rates, builders are cutting prices and offering other […]

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp’s Guyana assets in its dispute with Chevron, not buy the company itself. In his first public remarks on the company’s pursuit of an arbitration case that could block Chevron’s $53 […]

WASHINGTON (Reuters) -Two investment advisers have agreed to pay penalties to settle U.S. Securities and Exchange Commission charges that they made false and misleading statements about their use of artificial intelligence (AI), the regulator said on Monday. Toronto-based Delphia Inc and San Francisco-based Global Predictions Inc, which did not admit or deny the SEC’s charges, […]