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CVS says over 81% of members are in high-rated Medicare Advantage plans for 2026

(Reuters) -CVS Health said on Thursday that its Aetna insurance business has over 81% of members in Medicare Advantage plans that are rated 4 stars or higher for 2026. Additionally, over 63% of Aetna Medicare Advantage members are in a 4.5-star plan for next year, ...
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Wall Street regulator eases IPO path during government shutdown

By Douglas Gillison WASHINGTON (Reuters) -Wall Street’s top regulator on Thursday eased the way for companies to proceed with initial public offerings during the federal government’s shutdown, according to an announcement on its website. Companies are normally prevented from debuting on Wall Street during periods when ...
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Republicans vote to roll back Biden-era restrictions on mining and drilling in 3 Western states

WASHINGTON (AP) — Congressional Republicans have voted to roll back restrictions on mining, drilling and other development in three Western states, advancing President Donald Trump’s ambitions to expand energy production from public lands. Senators voted 50-46 Thursday to repeal a land management plan for a ...
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California company recalls nearly 245,000 pounds of pasta tied to listeria outbreak

A California company has recalled nearly 245000 pounds (111130.04 kilograms) of pre-cooked pasta linked to a deadly listeria outbreak and potential contamination of dozens of products sold at grocery stores nationwide. Nate’s Fine Foods of Roseville, California, recalled thousands of cases of linguine, fettucine, ...
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Colonial Pipeline to cut jobs, sources say

NEW YORK (Reuters) -The Colonial Pipeline Company, operator of the largest U.S. fuel transportation system, informed employees this week that it is planning to cut some jobs, according to two sources familiar with the matter and a company statement. “We shared with our employees this ...
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Trading Day: Wall Street, gold cool as visibility dims

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wall Street wobbled and gold had its biggest fall in two months on Thursday, backing off from record highs as investors pondered whether a deeper correction might ...
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Global ‘value’ tilt intensifies as US outflows hit ‘growth’ stock funds hardest

By Mehnaz Yasmin (Reuters) -More global investors are rotating into non-U.S. “value” stocks, fund managers say, as stretched U.S. valuations, rising fiscal strains, and weakening cash flow forecasts make rallying American equities look comparatively less attractive. Investors have withdrawn $152 billion from U.S. growth funds in ...
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US Justice Department opens inquiry into First Brands collapse, FT reports

(Reuters) -The U.S. Department of Justice has launched an inquiry into the collapse of bankrupt auto parts maker First Brands Group, the Financial Times reported on Thursday, citing people familiar with the matter. The probe, led by the U.S. Attorney’s Office for the Southern District ...
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Chocolate prices set to remain high this Halloween in the US, report says

By Marcelo Teixeira NEW YORK (Reuters) -U.S. chocolate consumers will face elevated chocolate prices this coming Halloween period as cocoa costs have more than doubled since early 2024, according to a report released on Thursday by Wells Fargo’s Agri-Food Institute. While wholesale cocoa prices have eased ...
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US purchased Argentine pesos after top finance officials meeting, Bessent says

(Reuters) -The United States purchased Argentine pesos and finalized a $20 billion currency swap framework with Argentina’s central bank after a meeting between the two countries’ top finance officials in Washington this week, U.S. Treasury Secretary Scott Bessent said on Thursday. “The U.S. Treasury is ...
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US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines

WASHINGTON (Reuters) -U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie Mac said ...
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Analysis-‘Every electron counts’: Why renewables stocks are back in play

By Danilo Masoni MILAN (Reuters) -A return of fund inflows into renewable energy stocks is helping to breath new life into these companies’ shares, powering their strongest quarterly rise since the sustainability boom early this decade. After two years of bearish sentiment and relentless redemptions ...
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