Category Archives:
As household budgets tighten, big brands double down in dollar stores
By Jessica DiNapoli NEW YORK (Reuters) - Makers of brand-name household basics like Dunkin' coffee and Schick razors are bulking up sales teams and adding specialized and lower-cost products to the sh...
May 17, 2023
Marketmind: Fed rates to stay higher for longer, debt drama goes on
(Reuters) - A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is saying something and markets might finally be starting to listen. Tuesday's plethora of Fed-spe...
May 17, 2023
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) - Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street Journal reporte...
May 17, 2023
Tencent slashes cloud service prices by up to 40% as price war intensifies
By Josh Ye HONG KONG (Reuters) - Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a ...
May 17, 2023
Website creator Wix.com Q1 profit beats estimates, raises 2023 outlook
JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, on Wednesday said it swung to a net profit in the first quarter, boosted by growth in subscription revenue. The ...
May 17, 2023
EV maker Fisker is exploring collaboration with other companies, CEO says
By Victoria Waldersee and Joseph White MUNICH (Reuters) - Electric car maker Fisker Inc is exploring collaboration with other companies to scale up market share faster, Chief Executive Henrik Fisker s...
May 17, 2023
Euro zone inflation ticks up in April
FRANKFURT (Reuters) - Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn price growth among the 20 nations sharing th...
May 17, 2023
Renewable fuels to drive Neste’s growth this year – CEO
By Trixie Yap and Florence Tan SINGAPORE (Reuters) - Finnish refiner Neste expects renewable fuels from its new facilities in Singapore and the U.S. to drive its growth this year despite expectations ...
May 17, 2023
China’s Tencent marks return to revenue growth in first quarter
By Josh Ye HONG KONG (Reuters) -China's Tencent Holdings Ltd posted a 11% rise in first-quarter revenue on Wednesday, beating analyst expectations, as its core advertising and gaming businesses recove...
May 17, 2023
ECB looks for new top supervisor to succeed Enria
FRANKFURT (Reuters) - The European Central Bank said on Wednesday it is looking for a new top bank supervisor to succeed Andrea Enria when his term runs out at the end of the year. Candidates to the r...
May 17, 2023
Peoria, IL, USA
53 °F Sunny
