Updated

By Sharon Bernstein and Nathan Frandino ESCALON, Calif. (Reuters) – The shrink-wrapped boxes of fresh California walnuts stacked almost to the ceiling in Don Barton’s California packing facility should be headed to Europe for holiday baking and to Asia for New Year celebrations. Instead, newly cleaned and shelled nuts – about $10 million worth – …

Walnuts for holiday baking languish as U.S. shipping crisis hurts farmers Read More »

CHICAGO (Reuters) -Tyson Foods Inc plans to spend more than $1.3 billion to increase automation in meat plants over the next three years, Chief Executive Donnie King said on Thursday, as a U.S. labor shortage has limited production while demand is booming. Meat processors have been unable to find enough workers for the past two …

Tyson Foods plans to spend $1.3 billion to automate meat plants Read More »

(Reuters) – U.S. household wealth rose to a record $144.7 trillion at the end of the third quarter, a report from the Federal Reserve showed on Thursday, though the $2.4 trillion gain over the period was the smallest since the rebound from the coronavirus pandemic began. Real estate values added around $1.4 trillion to overall …

U.S. household wealth increase in Q3 smallest of pandemic era, Fed says Read More »

By David Shepardson WASHINGTON (Reuters) -The chief executives of major U.S. retailers including Target, Home Depot, Kroger, CVS Health, Autozone and Best Buy on Thursday urged Congress to take action to address the online sale of stolen, counterfeit and dangerous consumer products. The group called on Congress to crack down on anonymous online sales, citing …

Major U.S. retailers urge action by Congress on online stolen, counterfeit goods sales Read More »

(Reuters) -Drugstore operator CVS Health Corp said on Thursday it expects revenue from COVID-19 vaccination and testing to decline significantly next year, after it forecast 2022 adjusted earnings largely below estimates. Shares of CVS, however, were up 3.8% at $96.7 after it raised its 2021 profit forecast to $8.00 per share from prior estimate of …

CVS Health sees fall in COVID-19 vaccine, testing revenue in 2022 Read More »

By Valentina Za MILAN (Reuters) -Investors welcomed a pledge by new UniCredit Chief Executive Andrea Orcel to return at least 16 billion euros ($18 billion) to them under his new strategy to 2024, sending the Italian bank’s shares to a 22-month high on Thursday. UniCredit plans to generate sufficient new capital to pay out as …

UniCredit shines on Orcel’s $18 billion investor payout promise Read More »

By Shrutee Sarkar BENGALURU (Reuters) – The U.S. Federal Reserve will raise rates in the third quarter of next year, earlier than expected a month ago, according to economists in a Reuters poll who mostly said the risk was that a hike comes even sooner. That shift in expectations for lift-off to Q3 from Q4 …

Fed to lift rates in Q3 next year, but risk it comes sooner: Reuters poll Read More »