WASHINGTON (Reuters) -The United States expanded sanctions against Iran’s petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said. The U.S. move adds petroleum and petrochemicals to an executive order that targets key sectors of Iran’s economy with the aim of denying the […]
Exclusive-CVS to exit core infusions services business, job cuts possible
By Amina Niasse NEW YORK (Reuters) -CVS Health is exiting its core infusion services business and plans to either close or sell 29 related regional pharmacies in the coming months, a company spokesperson confirmed to Reuters on Friday. Details of the strategic shift were announced in a CVS corporate memo dated Oct. 8 and seen […]
Stocks rise on lift from bank earnings, US yields dip
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks rose on Friday, powered by U.S. bank earnings, on track for a weekly gain while U.S. Treasury yields dipped after inflation and consumer confidence reports solidified expectations for the path of Federal Reserve interest rate cuts. The U.S. producer price index for final demand was unchanged in […]
JPMorgan profit beats estimates on investment banking strength, higher interest income
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase’s third-quarter profit beat expectations as strong investment banking performance and rising interest payments offset a hit from bigger loan loss provisions, sending its shares up before the market open. The prospect of monetary easing by the Federal Reserve has spurred a rally in equities during the […]