Reuters US Business

By Lucia Mutikani WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods increased more than expected in September, though business spending on equipment probably slowed marginally in the third quarter. With the Federal Reserve expected to continue cutting interest rates this year and in 2025, business investment likely remains supported. Reduced uncertainty as the nation …

US core capital goods orders solid; business equipment spending a touch cooler Read More »

(Reuters) – U.S. consumer sentiment climbed to a six-month high in October as declining interest rates helped improve buying conditions for big-ticket items like cars, but the uptick was most pronounced among Republicans who grew more confident in their party regaining the White House in the Nov. 5 presidential election. The University of Michigan’s Consumer …

US consumer moods brighten, among Republicans in particular Read More »

WASHINGTON (Reuters) -A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people. The payment, approved by U.S. District Judge James Bredar, resolves the U.S. government’s claims after the Justice Department filed a civil claim …

US judge approves shipping companies’ $102 million settlement with DOJ over Baltimore bridge collapse Read More »

(Reuters) – (This Oct. 24 story has been corrected to say that Carrier cut its revenue forecast to reflect the disposal of its fire and security business, not due to weak consumer spending, in paragraph 1; to remove the reference to shares; to drop the reference to the company in paragraph 3; and to correct …

Carrier cuts annual revenue forecast (Oct. 24) Read More »

By Sriparna Roy and Unnamalai L (Reuters) -Centene beat Wall Street estimates for third-quarter earnings on strength in its commercial health insurance plans and maintained its annual profit forecast, easing investor fears after dour targets from rivals last week. Shares of the health insurer jumped nearly 12% to $68.92 in early trading on Friday. They …

Health insurer Centene eases investor fears with better-than-expected profit Read More »

(Reuters) -HCA Healthcare reported lower-than-expected quarterly profit on Friday and forecast up to a $300-million hit in the fourth quarter due to delays in medical procedures from recent hurricanes, causing its shares to drop 9%. Hospitals in the direct path of the hurricanes postponed procedures, further strained by IV fluid shortages due to flooding at …

Hospital operator HCA’s quarterly profit dented by hurricane hit; shares slide Read More »

MOSCOW (Reuters) -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank hiked its key rate to 21%, the highest level since February 2003. Nabiullina spoke in Russian. The quotes below were translated into English by Reuters. NABIULLINA ON THE RATE DECISION “We considered …

Russia’s Nabiullina on raising rates to 21% Read More »

By Anuja Bharat Mistry (Reuters) -Deckers Outdoor shares jumped about 11% on Friday after the shoemaker raised its annual sales forecast betting on strong demand for its shoes and boots during the crucial holiday season. Trendy and innovative brands such as Deckers’ Hoka, New Balance and Roger Federer-backed On are a hit among consumers and …

Deckers Outdoor shares dash ahead on surging demand for Hoka shoes Read More »

By Siddharth Cavale NEW YORK (Reuters) – A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission that is a likely death blow for the deal. The decision is a win for the Biden administration ahead of the …

US court blocks Tapestry’s $8.5 billion acquisition of rival Capri Read More »