Reuters US Business

(Reuters) -Once Upon a Farm, the organic baby food company co-founded by actor Jennifer Garner, revealed higher six-month revenue in a U.S. IPO filing on Monday, becoming the latest company to seek a listing amid strong investor demand. U.S. IPO activity has picked up in recent months, reversing a slowdown earlier in the year when …

Jennifer Garner’s Once Upon a Farm discloses revenue jump amid busy U.S. IPO market Read More »

By Michael S. Derby (Reuters) -Federal Reserve Bank of New York President John Williams said on Monday that emerging signs of weakness in the labor market drove his support for cutting interest rates at the most recent central bank meeting. “It made sense to move interest rates down a little bit” and “to take a …

Fed’s Williams: Recent rate cut aimed at bolstering job market Read More »

By Nivedita Balu TORONTO (Reuters) -TD Bank on Monday reinstated its medium-term growth target which it suspended in December, as it recovered from a $3 billion fine in the U.S. for anti-money laundering failures and laid out a strategy to focus on fee-based businesses. CEO Raymond Chun outlined a growth plan at the bank’s investor …

TD bank reinstates growth target, focuses on high-fee segments, cost cuts Read More »

By Niket Nishant and Sukriti Gupta (Reuters) -The S&P 500 and the Nasdaq indexes rose on Monday, rebounding from last week’s declines, as investors shrugged off fears of a looming government shutdown and hawkish remarks from a Federal Reserve official. The surge underscores a strong risk-on sentiment among investors, whose expectations of a dovish Fed …

S&P 500, Nasdaq climb as investors brush off shutdown woes, hawkish talk Read More »

(Reuters) -OpenAI on Monday introduced a feature that would allow users to make purchases through ChatGPT, in partnership with Etsy and Shopify. Merchants will have to pay a fee on completed purchases to OpenAI, and it doesn’t affect their prices. There will be no charges for the Instant Checkout for users. The move opens up …

OpenAI partners with Etsy, Shopify on ChatGPT payment checkout Read More »

By Suzanne McGee and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission paved the way on Monday for an asset manager to add exchange-traded share classes to mutual funds, a move expected to kick-start approvals for dozens of applicants, spark more ETFs and make the products more accessible to retail investors.  The planned order, …

US SEC readies relief for asset managers to add ETFs to mutual funds Read More »