Author: The Gazette
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US small business sentiment ebbs in September; inflation back in focus
WASHINGTON (Reuters) -U.S. small-business sentiment declined in September amid expectations of unfavorable operating conditions in the next six months, and many owners reported raising prices or planning to, suggesting that inflation was poised to increase further. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index dropped 2.0 points to 98.8…
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Exclusive-AI lab Lila Sciences tops $1.3 billion valuation with new Nvidia backing
By Krystal Hu (Reuters) -AI startup Lila Sciences has raised $115 million in an extension funding round from investors including Nvidia’s venture arm, lifting its valuation to more than $1.3 billion, the company told Reuters. The latest funding brings Lila’s total Series A to $350 million and overall capital raised to $550 million, reflecting strong…
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Returning hostage bodies from Gaza may take time, Red Cross says
By Emma Farge GENEVA (Reuters) -It may take considerable time to hand over remains of hostages and Palestinians who died during the Israel-Hamas war, a “massive challenge” given the difficulties of finding bodies in Gaza’s rubble, the International Committee of the Red Cross said. Palestinian militant group Hamas freed the last living Israeli hostages from…
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Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger
By Sabrina Valle and Katha Kalia (Reuters) -U.S. land managers Rayonier and PotlatchDeltic said they would merge on Tuesday in an all-stock deal worth about $8.2 billion, including debt, forming the country’s second-largest publicly traded timber and wood products company. The merger was announced by the companies on the same day the Trump administration began…
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Analysis-Auto sector bankruptcies spark fresh scrutiny of Wall Street credit risks
By Anirban Sen, Saeed Azhar and Matt Tracy NEW YORK (Reuters) -The bankruptcies of automotive-related companies First Brands and Tricolor, along with potential losses at banks and investment funds, are raising new concerns about hidden risks in parts of the credit market — prompting investors to take a closer look at risky debt. Auto parts…
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New US COVID guidelines add confusion, complications for Americans seeking shots
By Amina Niasse NEW YORK (Reuters) -Americans headed to pharmacies for COVID-19 vaccines are running into roadblocks and confusion due to new U.S. guidance that abandoned broad support for the shots, contributing to the lowest vaccination rates since they were introduced. For the four-week period ended October 3, COVID immunizations were down about 25% nationally,…
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Analysis-Trump’s Tylenol claims limit M&A options for parent company Kenvue
By Abigail Summerville and Svea Herbst-Bayliss (Reuters) -Tylenol maker Kenvue was already having a painful year before U.S. President Donald Trump and his health secretary got involved. Activist investor Starboard Value took aim at the company about a year ago, forcing the Band-Aid and Benadryl maker to settle a potentially costly and time-consuming fight by…
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Voting Rights Act faces pivotal test at US Supreme Court
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court is set on Wednesday to hear a Republican-led challenge to the Voting Rights Act, giving its conservative majority a chance to deal another blow to the landmark federal law enacted 60 years ago to prevent racial discrimination in voting. The case involves electoral districts in Louisiana.…
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Analysis-Dollar gains from rivals’ trouble may lack staying power
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -A rebound in the dollar over the past month is unlikely to last given it was largely due to repositioning over temporary factors including the disruption of U.S. economic data due to the U.S. government shutdown and upheaval in the governments of rival currencies. The…
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Fed’s Powell addresses economy pulled between risks to growth, jobs and prices
By Howard Schneider PHILADELPHIA (Reuters) -Federal Reserve Chair Jerome Powell on Tuesday delivers his last scheduled remarks before the Fed’s next meeting with the economy enjoying stronger-than-expected growth and a recent jump in productivity, but still adjusting to tariff and immigration policies that economists worry could lead to both higher inflation and higher unemployment. Challenging…