By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed sharply higher on Tuesday as soft economic data hinted that…
Bill Hwang, Archegos demand end to SEC lawsuit over $36 billion firm’s collapse
By Jonathan Stempel NEW YORK (Reuters) -Bill Hwang, whose Archegos Capital Management LP collapsed suddenly in March 2021, on Tuesday…
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
By Paul Lienert (Reuters) -The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and…
Mattel cuts profit view as inflation hits Barbie, Fisher-Price demand
By Ananya Mariam Rajesh and Uday Sampath Kumar (Reuters) -Mattel Inc cut its annual profit forecast on Tuesday and said…
Chipotle results top estimates despite low-income customer pullback
By Hilary Russ and Deborah Mary Sophia (Reuters) -Chipotle Mexican Grill Inc on Tuesday reported quarterly sales and profits that…
Mexican carrier Volaris budgets for Mexico Category 1 rating by 2023
By Kylie Madry MEXICO CITY (Reuters) -Volaris airlines is planning its budget on the expectation that Mexico will regain its…
Cryptoverse: British pound fiasco boosts bitcoin’s hedge appeal
By Lisa Pauline Mattackal (Reuters) – As a developed nation, you know your currency’s in a spot of bother when…
First outsider CEO at UPS charts new course for delivery giant
By Lisa Baertlein LOS ANGELES (Reuters) – United Parcel Service’s first outsider chief executive is zeroing in on lucrative healthcare…
Oil prices rise on weaker dollar, supply worries
By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Tuesday, rebounding from an early fall of more than…
Global shares rise; Sterling rallies as dollar retreats
By Chris Prentice and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) -Wall Street continued its advance on Tuesday as weak data stoked hopes…