(Reuters) – U.S. regional bank stocks edged higher on Thursday, rallying from earlier session losses, as market expectations that the sector is moving past its troubles continue to buoy trading. The KBW Regional Banking Index edged up 0.07%. The index had jumped 7.2% on Wednesday, recording its biggest percentage gain in nearly two years, following…
By Ananya Mariam Rajesh (Reuters) – Ross Stores on Thursday raised its annual profit forecast after upbeat quarterly results, buoyed by budget-conscious customers increasingly shopping at the off-price retailer and easing freight costs. Sticky inflation has led consumers to cut spending on higher-priced goods, boosting sales at retailers such as Ross Stores and Burlington Stores…
By Raghav Mahobe and Mariam Sunny (Reuters) -Advisers to the U.S. Food and Drug Administration on Thursday backed the safety and effectiveness of Pfizer Inc’s experimental respiratory syncytial virus (RSV) vaccine, boosting its chances of becoming the first available maternal shot to protect babies from the illness. The FDA’s advisory committee voted unanimously that available…
By Doina Chiacu and Steve Holland WASHINGTON (Reuters) -Vice President Kamala Harris and top White House economic adviser Lael Brainard said on Thursday that a default on the U.S. debt of $31.4 trillion would throw the American economy into a recession. In a conference call for Democratic activists, Harris and Brainard urged them to contact…
By Costas Pitas (Reuters) -U.S. Senator Dianne Feinstein, who returned to Washington last week after a months-long absence due to shingles, is continuing to suffer from a medical complication known as Ramsay Hunt syndrome, a spokesperson said on Thursday. Feinstein had also previously suffered encephalitis, her office said, after the New York Times reported on…
(Reuters) – Advisers to the U.S. Food and Drug Administration on Thursday backed the safety and effectiveness of Pfizer Inc’s experimental respiratory syncytial virus (RSV) vaccine, boosting its chances of becoming the first available maternal shot to protect babies from the illness. The FDA’s advisory committee voted unanimously that available data supported the vaccine’s efficacy…
By Lisa Baertlein CHICAGO (Reuters) -Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month, company supply chain executives said. But anxiety over labor negotiations…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic data calmed recession fears while also dampening hopes the Federal Reserve would cut interest rates before year-end. Investors continued to closely monitor debt…
OTTAWA (Reuters) – Canada’s competition regulator said on Thursday it was suing Cineplex Inc for allegedly advertising movie tickets at a lower price than what many consumers actually have to pay. Competition Bureau Canada is alleging Cineplex is breaking the law by adding an additional fee that raises the price of its tickets purchased online,…
By Will Dunham WASHINGTON (Reuters) – Our species arose in Africa more than 300,000 years ago, with the oldest-known Homo sapiens fossils discovered at a site in Morocco called Jebel Irhoud, located between Marrakech and the Atlantic coast. But the scarcity of Homo sapiens fossils from early in our evolutionary history and the geographical spread…
