By David Lawder WASHINGTON (Reuters) – The International Monetary Fund may need to raise its forecast for U.S. growth after…
Washington state sues to block Albertsons’ $4 billion payout to shareholders
(Reuters) -Washington State Attorney General Bob Ferguson filed a lawsuit on Tuesday to block grocery chain Albertsons Cos Inc from…
Factbox-Chipmakers cut spending as demand boom makes way for downturn
(Reuters) – The global chip industry is bracing for a downturn by reining in on investments for the year, in…
CVS forecasts higher profit for 2023
(Reuters) – CVS Health Corp on Wednesday forecast its adjusted profit to be in the range of $8.70 to $8.90…
Logistics startup Flexport plans hiring spree, to double engineers in 2023
By Krystal Hu (Reuters) – Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers…
Estee Lauder cuts forecasts on China curbs, tightening inventories
(Reuters) -Estee Lauder Cos Inc cut its full-year forecasts on Wednesday ahead of the crucial holiday season, blaming lockdowns in…
Tesla closes its first showroom in China in retail strategy shift – sources
SHANGHAI/BEIJING (Reuters) -Electric vehicle giant Tesla has closed what had been its flagship showroom in China, a move sources described…
Asian equities receive meagre inflows in October amid recession worries
By Gaurav Dogra (Reuters) – Asian equities saw meagre inflows in October after massive selling in the previous month, and…
AMD shares rise as chipmaker sees data center strength cushioning PC slowdown
(Reuters) – Chipmaker Advanced Micro Devices Inc snatched more share in the lucrative data center market from rival Intel Corp…
Paramount misses revenue estimates on ad weakness
(Reuters) – Paramount Global fell short of analysts’ estimates for quarterly revenue on Wednesday, as the media and entertainment company…