Today: May 09, 2024
Today: May 09, 2024

Business

US online retail spending up 7% Jan-April, driven by demand for cheaper products, report says

Online retail sales in the U.S. rose about 7% from January to April this year, an Adobe Analytics report showed on Thursday, driven by strong demand for groceries and cheaper discretionary

US online retail spending up 7% Jan-April, driven by demand for cheaper products, report says

Bank of Canada says debt, asset valuations are key risks to stability

The Canadian financial system remains resilient but the continuing adjustment to higher rates and possible shocks present key risks to stability, Bank of

Bank of Canada says debt, asset valuations are key risks to stability

Bain Capital invests $250 million in business services firm Sikich

Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, which is planning to deploy the investment to finance its expansion plans,

Bain Capital invests $250 million in business services firm Sikich

US weekly jobless claims highest in more than eight months

The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, further evidence that the

US weekly jobless claims highest in more than eight months

Nestle's Nescafe to invest $196 million in Brazil by 2026 to tap surging demand

Nestle plans to invest 1 billion reais ($196.5 million) in Brazil by 2026 to expand production capacity and out-of-home sales of its Nescafe lines, targeting

Nestle's Nescafe to invest $196 million in Brazil by 2026 to tap surging demand

Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets

(Reuters) -Global growth will likely slow this year and major central banks across the globe have indicated interest rate cuts this year.

Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets

Stock market today: Wall Street is off to a mixed start

Stocks are drifting again on Wall Street

Stock market today: Wall Street is off to a mixed start

Exclusive-BHP-Anglo American deal raises alarm in Japan's steel industry

Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of

Exclusive-BHP-Anglo American deal raises alarm in Japan's steel industry

China's BYD will consider second Europe plant in 2025, executive says

LONDON (Reuters) -Chinese automaker BYD will consider building a second assembly plant in Europe in 2025, its European managing director Michael Shu said on Thursday.

China's BYD will consider second Europe plant in 2025, executive says

US weekly jobless claims hit highest level since August of 2023, though job market is still hot

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week in another sign that the labor market may be softening

US weekly jobless claims hit highest level since August of 2023, though job market is still hot

Analysis-Economy scars voters in run-up to EU election

The northern French port of Dunkirk, riding an industrial mini-boom thanks to a state-backed investment push, is a showcase for

Analysis-Economy scars voters in run-up to EU election

Jurors to be chosen in Bill Hwang's trial over Archegos collapse

Jury selection is expected to wrap up Thursday in the criminal racketeering trial of Sung Kook "Bill" Hwang over the 2021 collapse of his $36 billion fund

Jurors to be chosen in Bill Hwang's trial over Archegos collapse

Too many tractors: As boom times fade, farm equipment piles up

Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines.

Too many tractors: As boom times fade, farm equipment piles up

Coach parent Tapestry lowers annual sales forecast on weak demand

(Reuters) -Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling that demand for its handbags and accessories would remain weak

Coach parent Tapestry lowers annual sales forecast on weak demand

Brembo Q1 operating profit rises on record sales

Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as revenues grew to a record 1 billion euros in the quarter.

Brembo Q1 operating profit rises on record sales

Oil recovers on US crude storage draw, rise in China imports

Oil prices rose on Thursday as falling U.S. crude inventories and higher Chinese imports supported expectations for demand growth in the

Oil recovers on US crude storage draw, rise in China imports

Analysis-Bear market for diesel spells fresh troubles for oil

Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern

Analysis-Bear market for diesel spells fresh troubles for oil

Robinhood jumps as retail trading rebound powers record quarter

Robinhood Markets jumped in premarket trading on Thursday after reporting record first-quarter revenue and profit thanks to mom-and-pop investors returning to its commission-free platform

Robinhood jumps as retail trading rebound powers record quarter

Brazil's Eletrobras net income down 19% in Q1

Brazilian power giant Eletrobras reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed investments

Brazil's Eletrobras net income down 19% in Q1

Futures dip as bond yields extend gains ahead of jobless claims data

(Fixes typo in headline) By Sruthi Shankar and Shristi Achar A (Reuters) -U.S. stock index futures slipped on Thursday as Treasury yields extended gains ahead of jobless claims data that is expected

Futures dip as bond yields extend gains ahead of jobless claims data

Stocks stall near record highs, pound poised for BoE

World stocks were taking a well-earned breather on Thursday after a strong few weeks and ahead of a Bank of England rate decision, while Japanese authorities ratcheted

Stocks stall near record highs, pound poised for BoE

Exclusive-Activist Ancora poised to win some board seats at Norfolk Southern, sources say

By Svea Herbst-Bayliss (Reuters) -Activist hedge fund Ancora Holdings has secured enough support from Norfolk Southern shareholders to win some seats on the U.S. railway operator's board of directors,

Exclusive-Activist Ancora poised to win some board seats at Norfolk Southern, sources say

Trulieve Cannabis' quarterly loss narrows on demand boost

Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.

Trulieve Cannabis' quarterly loss narrows on demand boost

Airbnb slumps as gloomy forecast fans slowdown fears

Airbnb shares tumbled more than 8% premarket on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the

Airbnb slumps as gloomy forecast fans slowdown fears

India inflation likely slipped in April: Reuters poll

India's consumer price inflation is likely to have eased to 4.80% in April, just shy of March's rate as food inflation remains sticky, according to economists

India inflation likely slipped in April: Reuters poll
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