Reuters US Business

(Corrects to “Thursday” from “Wednesday” in paragraph 1) By Kamal Choudhury (Reuters) -Medical device maker Zimmer Biomet Holdings raised its annual adjusted profit forecast on Thursday as it anticipates lower-than-expected tariff impacts, sending shares up 6% in morning trading. The Warsaw, Indiana-based company now expects about $40 million in tariff headwinds for 2025, down from …

Zimmer Biomet raises annual profit forecast on lower tariff impact Read More »

By Harshita Mary Varghese (Reuters) -Warner Bros Discovery posted a surprise second-quarter profit on Thursday, as the international rollout of HBO Max sent subscriber numbers climbing and blockbuster hits like “A Minecraft Movie” dominated the U.S. box office. However, shares of the company were down about 7%, after its cable TV unit reported a 9% …

Warner Bros Discovery posts surprise quarterly profit on ‘Minecraft’ hit, streaming gains Read More »

By Sneha S K (Reuters) -Kenvue cut its annual sales forecast on Thursday, as the consumer health company undergoes a strategic review aiming to boost brand performance amid a cautious spending environment. The company, spun off from Johnson & Johnson in 2023, has been working to shore up profitability, especially in its struggling skin health …

Band-Aid maker Kenvue cuts annual sales forecast amid strategic review Read More »

By Dan Burns (Reuters) -The number of Americans filing new applications for unemployment benefits ticked up to the highest level in a month last week, suggesting the labor market was largely stable even though job creation is weakening and it is taking laid-off workers longer to find new employment. Initial claims for state unemployment benefits …

US jobless claims edge up, but ‘no-hire, no-fire’ trend remains intact  Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Recent U.S. restrictions on ethane exports to China will likely make it more difficult to contract with Chinese companies, even though they have already been lifted, U.S. exporter Energy Transfer said on Wednesday. The U.S. placed restrictions on shipping ethane – and a wide swathe of other exports – to …

US ethane curbs will make contracting to China harder, Energy Transfer says Read More »

By Kritika Lamba (Reuters) -Bumble shares slumped 17% on Thursday after another quarter of declines in paying users raised questions about the dating app operator’s turnaround efforts, including AI initiatives, and long-term growth prospects. The company reported after market hours on Wednesday that total paying users dropped 8.7% to 3.8 million in the second quarter, …

Bumble plunges as AI revamp strategy fails to woo investors amid falling paying users Read More »

By Allison Lampert and Aatreyee Dasgupta MONTREAL (Reuters) -Bombardier said on Thursday it would expand existing service centers and likely open new ones in the United States to drive higher revenues, as the Canadian business jet maker meets higher customer demand for its aftermarket care. The expansion is expected to roll out over the coming …

Bombardier to grow private jet aftermarket service across US Read More »