By Deborah Mary Sophia and Hilary Russ (Reuters) -Yum Brands Inc beat Street estimates for quarterly sales and profit on…
B Riley shares plunge after short seller Wolfpack Research takes aim
(Reuters) -Shares of investment bank B Riley Financial Inc fell about 11% on Wednesday after Wolfpack Research disclosed a short…
U.S. recession still likely despite resilient economic data – PIMCO
NEW YORK (Reuters) – U.S. bond manager Pacific Investment Management Company (PIMCO) is sticking to its previous forecast that the…
Google to beef up search with AI, setting stage for showdown with Bing
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) -Alphabet’s Google on Wednesday said it will enhance search results with generative…
BMW and VW win appeal over UK antitrust information request
LONDON (Reuters) – BMW and Volkswagen won an appeal in a London tribunal on Wednesday over the British antitrust regulator’s…
Russian weekly consumer prices climb ahead of central bank rate decision
MOSCOW (Reuters) -Russia recorded a rise in weekly consumer prices, extending the previous week’s gain, data from statistics service Rosstat…
Russia’s 2022 economic fall seen in lower incomes, slumping consumer demand
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…