Reuters USA

By Deborah Mary Sophia (Reuters) – Tighter budgets may not be a constraint for Americans looking to get back into shape, keeping gym operators financially fit, even as inflation pinches other consumer-focused sectors. Some of the major players in the fitness sector have pushed the envelope on membership rates after the pandemic scare, helping them …

Fitness chains add financial muscle as more Americans hit the gym Read More »

(Reuters) – Johnson & Johnson said on Wednesday that it would seek U.S. Supreme Court review on its strategy to address tens of thousands of lawsuits over its talc products in bankruptcy court, after a U.S. appeals court rejected its request for rehearing. (Reporting by Manas Mishra in Bengaluru; Editing by Anil D’Silva)

(Reuters) -The top U.S. markets regulator on Wednesday proposed replacing some paper-based forms with digitized disclosures to modernize how broker-dealers, stock exchanges, clearing agencies and others report their activities to the government. At a public meeting, the Securities and Exchange Commission’s five members unanimously voted in favor of the proposal, which also would allow electronic …

Wall St regulator proposes scrapping paper forms Read More »

By Johann M Cherian (Reuters) – Canada’s benchmark stock index edged higher on Wednesday on gains in commodity and financials stocks while investors awaited the U.S. Federal Reserve’s decision on interest rates. The Fed’s two-day policy meeting will end at 2 p.m. ET (1800 GMT), with investors keeping a close eye on a press conference …

TSX inches higher ahead of U.S. Fed rate decision Read More »

(Reuters) – Shares of First Republic Bank were volatile in morning trading on Wednesday as the regional lender struggled to raise capital amid worries that it may need to downsize or seek government support. Major banks and private equity firms have so far balked at infusing capital on fear of losses on the bank’s loan …

First Republic shares volatile as capital infusion remains in limbo Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. Senate Commerce Committee canceled a planned vote Wednesday on President Joe Biden’s nominee to head the Federal Aviation Administration (FAA). Senate Commerce Committee chair Maria Cantwell said she was delaying the vote “pending information that members have been seeking” but did not immediately specify a new date …

U.S. Senate panel cancels planned vote for aviation regulator nominee Read More »

(Reuters) -Carvana Co said on Wednesday it expects a smaller core loss in the current quarter as its cost-cut measures helped mitigate some impact of a decline in used-car sales, sending its shares up as much as 29% in morning trade. The debt-laden company has taken a series of steps, including job cuts, over the …

Used-car retailer Carvana expects smaller core loss, shares jump Read More »

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration on Wednesday issued a safety alerts to airlines, pilots and others about the “need for continued vigilance and attention to mitigation of safety risks” after a series of high-profile near collisions. “While the overall numbers do not reflect an increase in incidents and occurrences, the potential …

FAA issues safety alert to airlines, pilots after near-miss incidents Read More »

By Medha Singh (Reuters) – Meme stock GameStop Corp jumped nearly 50% in early trading on Wednesday as the video game retailer’s first profitable quarter in two years squeezed bearish investors and ignited a surge in other stocks popular among retail traders. AMC Entertainment Holdings Inc gained 5.3%, while Bed Bath & Beyond rose 7.5%. …

GameStop soars on short squeeze after swinging to profit, meme stocks rally Read More »