Reuters US Business

By Mariam ESunny (Reuters) – Shares of dialysis service providers fell sharply on Wednesday after Novo Nordisk’s Ozempic showed early signs of success in delaying the progression of kidney disease in diabetes patients. Colorado-based DaVita’s shares closed down about 17% and U.S.-listed shares of German rival Fresenius Medical ended 17.6% lower. Novo’s announcement is the …

Ozempic’s early success in kidney disease trial drags down dialysis stocks Read More »

By Krystal Hu and Anna Tong (Reuters) – OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence models, as the ChatGPT maker tries to court more companies to use its technology, sources briefed on the plans told Reuters. The …

Exclusive-OpenAI plans major updates to lure developers with lower costs -sources Read More »

By Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday she continued to expect the U.S. economy would have a soft landing, even though the conflict between Israel and Palestinian Islamist group Hamas brought additional risks. “I still see as the base case for the United States a so-called soft landing,” …

Yellen sticks to view U.S. economy headed for soft landing Read More »

PARIS (Reuters) -LVMH’s shares slumped on Wednesday, to their lowest level since December, knocking other shares in the fashion sector, after the French luxury giant posted slower third-quarter revenue growth. LVMH’s shares were down by around 6% in early trading, dragging down the share prices of rivals such as Kering, Hermes, Swatch, Richemont and Burberry …

LVMH shares tumble, hit fashion sector as luxury giant’s sales growth slows Read More »

(Reuters) – Federal Reserve Governor Michelle Bowman on Wednesday repeated her view that despite “some progress” on inflation, the U.S. central bank will probably need to tighten monetary policy further to restore price stability. “Inflation remains well above the FOMC’s 2% target,” Bowman said in remarks prepared for delivery in Marrakech, Morocco, referring to the …

Fed’s Bowman says US policy rate may need to rise further Read More »

By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil (Reuters) – Boeing on Tuesday opened a technology and engineering center in Brazil, aiming to expand its global footprint and take advantage of expertise in a country it sees leading sustainable aviation fuel (SAF) production. The move comes more than three years after it pulled out of …

Boeing opens tech center in Brazil, touting alternative fuels link Read More »

By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street indexes closed higher on Tuesday, to notch their third straight day of gains, after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower as investors cautiously monitored developments in the Middle East. Following comments from top Fed officials on Monday, Atlanta Fed President …

Dovish Fed officials boost Wall Street as bond yields retreat Read More »

(Reuters) -Walmart said on Tuesday it will expand online primary care benefits as part of its employee health insurance plan to its workers in 28 U.S. states. The retailer employs more than 2 million people, according to a regulatory filing, and is the largest private employer in the United States. Walmart said it has partnered …

Walmart expands online healthcare benefits for US employees Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Nelson Peltz’s Trian Fund Management returned nearly 3% in the first nine months of the year, investors said on Tuesday, as his bet on Walt Disney Co contributed to the activist hedge fund lagging its peers’ returns. Disney’s stock price has tumbled roughly 30% since February, when Peltz …

Peltz’s Trian up 3% this year even as Disney bet soured Read More »