Reuters

(Reuters) - Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.

Regional banks have been struggling to retain deposits as customers seek the safety of larger 'too-big-to-fail' rivals, while higher interest rates have also diminished the value of their loan books due to increased unrealized losses.

By Jessica DiNapoli

NEW YORK (Reuters) - Chinese shoppers are spending a little more on diapers and some Colgate toothpastes, according to executives at the makers of these products, even as consumers fret about the country's property crisis and faltering economy.

China's economic slump after the pandemic has weighed on sales at consumer packaged goods companies, who had targeted the world's second-biggest economy as a major source of... (continue reading...)

By Howard Schneider

WASHINGTON (Reuters) - Inflation showing no recent sign of slowing or narrowing in scope leaves U.S. Federal Reserve policymakers challenged this week over how to characterize their next steps even as the countdown to a contentious U.S. presidential election continues.

The Fed is seen holding its benchmark interest rate steady at 5.25%-to-5.5% at its April 30-May 1 meeting, and a key judgment in the current policy... (continue reading...)

(Reuters) -Domino's Pizza topped Wall Street expectations for first-quarter same-store sales on Monday, as consumers in the United States tapped into the pizza chain's spruced-up loyalty program and other promotional offerings.

Shares of the company rose 4.5% in premarket trading, after it also edged past expectations for total revenue in the quarter.

Domino's has managed to buck a downbeat trend for eating out in the United States, with... (continue reading...)

By Valentine Hilaire and Elida Moreno

PANAMA CITY (Reuters) - With Panama's business-friendly reputation bruised by a recent move to close a copper mine accounting for 5% of GDP, the country's next president will face unusually tough choices in trying to get its economy back on an even keel.

But while economists and even some politicians are urging the May 5 election's victor toward unpopular measures to boost depleted coffers - including... (continue reading...)