(Reuters) – Humana and CVS Health are among the several companies looking to buy senior-care facility operator Cano Health, according to media reports on Thursday, sending Cano’s shares up about 50%. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, the Wall Street Journal said on …
Humana, CVS among firms looking to buy Cano Health – reports Read More »
By Lananh Nguyen, Saeed Azhar and Scott Murdoch WASHINGTON/HONG KONG (Reuters) -Top U.S. bankers came under pressure from lawmakers on Wednesday to take a tougher stance on doing business with China amid growing tensions between Washington and Beijing over Taiwan’s sovereignty and China’s human rights record. During a hearing before the U.S. House Financial Services …
U.S. lawmakers pile pressure on big banks over China ties, Taiwan Read More »
By Jamie Freed SINGAPORE (Reuters) – The airline industry’s record-breaking scramble to convert older passenger jets to freighters during the travel-starved years of the coronavirus pandemic threatens to bring a glut of cargo space as a dimming global economic picture hits demand. Analysts say aircraft lessors, who helped drive a tripling in annual conversions since …
Bleaker economy could sour airline industry’s bet on cargo planes Read More »
By Pete Schroeder, Lananh Nguyen and Saeed Azhar WASHINGTON (Reuters) -The country’s top bank chiefs endorsed U.S. Federal Reserve rate hikes as a means to tame soaring inflation, while acknowledging there will be pain ahead, when appearing before Congress during a wide-ranging and mostly sedate hearing on Wednesday. The line-up before the House of Representatives …
U.S. bank CEOs back Fed hikes during congressional grilling on economy, China ties Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Futures tied to Wall Street’s fear gauge on Wednesday sent a signal that has historically marked intense selling pressure in markets, but has sometimes preceded stock market rebounds. The October VIX futures rose 0.28 points above the November futures on Wednesday, the widest margin since mid-June, after …
‘Fear gauge’ futures signals U.S. stock selling crescendo Read More »
By Mehnaz Yasmin (Reuters) -Three major U.S. banks said on Wednesday they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008. JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co said the new rates would take effect on Thursday. …
Big U.S. banks’ prime rate soars to highest since financial crisis Read More »
By David French (Reuters) – Wall Street’s main indexes see-sawed before slumping in the final 30 minutes of trading to end Wednesday lower, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight inflation. All three benchmarks finished more than 1.7% down, with the Dow posting …
Wall Street slumps as investors absorb hawkish Fed rate message Read More »
By Siddharth Cavale NEW YORK (Reuters) -Walmart Inc sounded a cautious note about holiday retail sales on Wednesday, planning to hire fewer workers than last year as it prepares for the critical season in the middle of a slowing economy. The largest U.S. retailer announced plans to add 40,000 workers in seasonal and full-time roles …
Walmart plans cautious holiday hiring amid slowing U.S. economy Read More »
(Reuters) -Homebuilder Lennar Corp on Wednesday reported a 4.3% rise in quarterly profit, benefiting from record-high property prices as demand far outpaced supply that was crippled by raw material and labor shortages. Existing home prices for all housing types in July touched $403,800, up 10.8% from a year ago, according to a report from the …
Lennar quarterly profit rises on strong demand for homes Read More »
(Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf Investors in Asia could be waking up to more volatility after the Federal Reserve’s latest jumbo rate increase and message about future hikes. The U.S. central bank on Wednesday raised rates by 75 basis points for a third straight meeting as …
