(Reuters) -Apple supplier Foxconn’s founder Terry Gou had warned China that the government’s zero-COVID stance would threaten the position of…
Hedge fund Third Point adds Bath & Body Works stake, seeks board changes
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Third Point has built a stake of just over 6% in Bath…
S&P 500, Nasdaq snap losing streaks after jobless claims rise
By David French (Reuters) – The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted…
When market forecasters should earn their spurs: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) -When Yogi Berra famously said it’s difficult to make forecasts, especially about the future,…
Yellen: U.S. can avoid recession, on ‘right track’ to lower inflation
By Andrea Shalal FORT WORTH, Texas (Reuters) – The United States can avoid a recession, given that there is no…
U.S. heading into shallow recession, no respite from rate hikes yet: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. economy is heading into a short and shallow recession over the coming…
Cash use slips to just 15% of British purchases in 2021
By David Milliken LONDON (Reuters) – British shoppers used cash in only 15% of transactions in 2021, half the level…
U.S. SEC issues new guidance on disclosing crypto risks
By Chris Prentice (Reuters) -The U.S. securities regulator on Thursday advised public companies to examine whether they need to disclose…
Walmart plans to offer BNPL loans through its fintech venture – report
(Reuters) – The fintech venture backed by Walmart Inc is planning to launch buy now, pay later loans as soon…
Lululemon sees downbeat quarter as inflation-hit consumers turn cautious
By Ananya Mariam Rajesh (Reuters) -Lululemon Athletica Inc on Thursday forecast holiday-quarter revenue and profit largely below analysts’ estimates, as…