Town Hall News

(Reuters) -Catalent Inc cut its full-year net revenue and profit forecast on Friday, reflecting operational challenges and higher-than-expected costs after it flagged an over $400 million hit to both its annual sales and core profit forecasts earlier this month. The contract drug manufacturer now sees its full-year revenue in the range of $4.25 billion to $4.35 billion compared with its prior forecast of $4.63 billion to $4.88 billion. Catalent said […]

By Howard Schneider WASHINGTON (Reuters) – Wall Street, small businesses and potential homebuyers may all breathe a sigh of relief if the Federal Reserve chooses not to raise interest rates at its policy meeting next month, as many traders and analysts expect. But U.S. central bank officials are not only still on the fence about a pause in their 14-month tightening cycle, they are only starting to hash out whether […]

By Shreyashi Sanyal and Shristi Achar A (Reuters) – Wall Street’s main indexes were on track to open higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. S&P 500 futures hit a 15-week high in early trading, while Nasdaq e-minis breached levels not seen in nine months. The positive momentum carried through for much of the week as […]

NEW YORK (Reuters) – Morgan Stanley CEO James Gorman told shareholders Friday that the company will likely appoint its next CEO in the next 12 months. (Reporting by Tatiana Bautzer; Editing by Toby Chopra) Brought to you by www.srnnews.com

(Fixes typographical error in first paragraph) By Howard Schneider WASHINGTON (Reuters) -Wall Street, small businesses and potential homebuyers may all breathe a sigh of relief if the Federal Reserve chooses not to raise interest rates at its policy meeting next month, as many traders and analysts expect. But U.S. central bank officials are not only still on the fence about a pause in their 14-month tightening cycle, they are only […]

By Ivan Lyubysh-Kirdey NEAR BAKHMUT, Ukraine (Reuters) -The Ukrainian military and Russia’s Wagner private army both reported further Russian retreats around the city of Bakhmut on Thursday, as Kyiv pressed on with its biggest advance for six months ahead of a planned counteroffensive. Ukrainian troops near the front line said Russia was bombarding access roads to slow the Ukrainian assault, which has shifted momentum after months of slow Russian gains […]

(Reuters) -The U.S. Food and Drug Administration (FDA) has cleared Thermo Fisher Scientific Inc’s test, the first of its kind in the country, to detect women with risk of severe preeclampsia, the company said on Friday. Preeclampsia is a leading cause of mortality in pregnant women globally, where they could experience high blood pressure after 20 weeks of pregnancy and during the postpartum period. The condition happens in about 1 […]

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Friday the U.S. and other major economies are still in a fundamentally low-interest-rate world despite the impact of the coronavirus pandemic and the inflation surge arising from it. Speaking to a conference at the Federal Reserve in Washington, Williams’ remarks took on the technical concept of the natural rate of interest, which […]

LONDON/NEW YORK (Reuters) – Britain’s Prince Harry and his wife Meghan were pursued by photographers in New York on Tuesday in what the prince’s spokesperson described as a “near catastrophic car chase,” highlighting the often tense relationship between celebrities and photographers. Police in New York, however, described the encounter as relatively brief and said there had been no injuries, collisions or arrests. While the details remain murky, the incident made […]