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Futures tick higher ahead of weekly jobless claims data
(Reuters) - U.S. stock index futures edged up on Thursday ahead of labor market data, while investors assessed the Federal Reserve's July meeting minutes that suggested the central bank might pursue a...
Syndicated Content Aug 18, 2022
Kohl’s cuts annual forecasts as inflation squeezes demand
(Reuters) - Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steeper discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflat...
Syndicated Content Aug 18, 2022
Valereum to end bitcoin mining to focus on Gibraltar exchange
By Huw Jones LONDON (Reuters) - Blockchain company Valereum said on Thursday it was selling its bitcoin mining assets to Vinanz Ltd for a 24% stake in the company as part of plans to acquire and expan...
Syndicated Content Aug 18, 2022
Analysis-Years of political crises in Peru are finally hitting its economy
By Marcelo Rochabrun LIMA (Reuters) - Since 2011, Peruvians have lived under seven presidents and seen four ex-leaders detained or wanted on corruption allegations. Yet, in the same period Peru has he...
Syndicated Content Aug 18, 2022
Luxury sneakers may be a step too far for cash-strapped Gen Z
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) - From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stre...
Syndicated Content Aug 18, 2022
Kazakhstan secures extra gas supply from Chevron-led Tengiz field
ALMATY (Reuters) - A Chevron-led joint venture has agreed to redirect 2.6 billion cubic metres (bcm) of gas per year towards Kazakhstan's domestic market instead of exporting it, Kazakh President Kass...
Syndicated Content Aug 18, 2022
Estee Lauder forecasts dour 2023 due to China COVID lockdowns
(Reuters) - Estee Lauder Cos Inc on Thursday forecast full-year sales and adjusted profit below estimates, due to a hit from COVID-19-related lockdowns in major market China. The country, which recent...
Syndicated Content Aug 18, 2022
Tapestry forecasts full-year profit below estimates on hit from China
(Reuters) -Tapestry forecast full-year earnings below estimates after reporting lower-than-expected quarterly revenue on Thursday, as lockdowns in China hurt sales of its designer handbags and apparel...
Syndicated Content Aug 18, 2022
Germany to lower sales tax on gas to 7% in bid to relieve consumers
BERLIN (Reuters) - Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed on consumers to ensure energy companies can afford increasingly exp...
Syndicated Content Aug 18, 2022
Japan’s Asahi considering full-scale push into North America beer market -CEO
By Ritsuko Shimizu and Rocky Swift TOKYO (Reuters) - Japan beverage giant Asahi Group Holdings Ltd is considering full-scale entry into the North American market, its chief executive said on Thursday....
Syndicated Content Aug 18, 2022

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