NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester reiterated Tuesday getting inflation down remains critical for…
Exclusive-China set to fine Ant Group over $1 billion, signalling revamp nears end-sources
By Julie Zhu HONG KONG (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion…
‘Boomerang CEOs’ don’t always work out; Disney hopes this one bucks trend
By David Randall NEW YORK (Reuters) -Can Walt Disney Co bank on another hit sequel? That appears to be the…
Kohl’s snub of big sale-leaseback sets up new clash with hedge funds
(Corrects second-quarter percentage drop in net sales to 8.5%) By Abigail Summerville and Svea Herbst-Bayliss (Reuters) – Kohl’s Corp’s reluctance…
FTX seeks indemnity for unidentified individuals helping to protect assets
(Reuters) -Bankrupt cryptocurrency exchange FTX is seeking to indemnify unidentified individuals for actions they took and continue to take in…
Spain’s mortgage relief plans may mean higher provisions, top bankers say
MADRID (Reuters) -Two top Spanish bankers on Tuesday said Spain’s mortgage relief plan could lead to an increase in bad…
Mazda unveils $11 billion EV spending plan, considers investing in battery production
TOKYO (Reuters) – Japan’s Mazda Motor Corp on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and…
Medtronic slumps as annual outlook hurt by forex, slow recovery
By Khushi Mandowara and Bhanvi Satija (Reuters) -Medtronic Plc on Tuesday lowered its full-year outlook for profit and revenue growth,…
Dollar Tree cuts 2022 profit view again as inflation threatens margins
By Deborah Mary Sophia (Reuters) – Dollar Tree Inc lowered its annual profit forecast for the second time as price…
Abercrombie sees better holiday-quarter sales, posts surprise profit
By Ananya Mariam Rajesh (Reuters) -Abercrombie & Fitch Co said on Tuesday it was “cautiously optimistic” about the holiday season…