By Alexander Marrow MOSCOW (Reuters) – Russian consumer demand contracted at its fastest pace in seven years in 2022 and…
U.S. wholesale inventories post smallest gain in 2-1/2 years; sales muted
WASHINGTON (Reuters) -U.S. wholesale inventories recorded their smallest increase in nearly 2-1/2 years in December, suggesting that businesses were holding…
China car sales plunge 38% in January as subsidies, tax cut end
SHANGHAI/BEIJING (Reuters) – China’s passenger car sales slumped 38% in January, reversing a 2.4% gain in the previous month, industry…
Bed Bath & Beyond staves off bankruptcy with $225 million from stock sale
By Mike Spector, Jessica DiNapoli, Deborah Mary Sophia and Siddharth Cavale (Reuters) – Bed Bath & Beyond Inc said on…
Fed’s Cook: January job gains increase hopes for soft landing
By Howard Schneider WASHINGTON (Reuters) – The strong January job gains of half a million new positions coupled with moderating…
ECB’s Knot sees big May rate hike if core inflation doesn’t fall: MNI
FRANKFURT (Reuters) – The European Central Bank may extend its streak of large interest hikes into May if core inflation…
Emerson reports weak quarter on hit from supply snarls, raises sales forecast
(Reuters) -Industrial conglomerate Emerson Electric Co missed Wall Street estimates for quarterly profit and revenue on Wednesday as lingering supply-chain…
Exchange operator CME’s profit tops views in volatile quarter
By Anirban Chakroborti and John McCrank (Reuters) -CME Group Inc on Wednesday reported fourth-quarter profits above Wall Street expectations, as…
Coty raises profit forecast on resilient demand, price hikes
By Ananya Mariam Rajesh (Reuters) – Coty Inc raised its full-year profit forecast on Wednesday, betting on price hikes and…
Fox Corp boosts buyback by $3 billion as World Cup powers earnings
(Reuters) -Fox Corp expanded its share buyback plan by $3 billion on Wednesday and surpassed second-quarter revenue estimates as the…