Asian stocks slip as bonds sell-off, Middle East tension weigh
(Reuters) – Asian shares slid on Thursday as risk aversion prevailed due to mounting worries over Middle East conflict, while…
Bankrupt drugstore chain Rite Aid raises going concern doubts
(Reuters) – U.S. drugstore chain Rite Aid (NYSE:US90274J5618=UBSS) raised concerns about its ability to remain in business in a regulatory…
Global Oil Giants Compete for Guyana’s Crude Marketing Contract
On Wednesday, 25 global oil giants, including ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX), HESS, CNOOC (NYSE:CEO), Saudi Aramco (TADAWUL:2222), and Aramco Trading…
V.F. Corp. jumps as Engaged Capital reveals stake in North Face owner
V.F. Corp. (NYSE:VFC) shares jumped 11% Tuesday after activist investor firm Engaged Capital said it has built a position in…
BMW to Adopt Direct Sales Model Across Europe by 2024
In a significant shift in its sales strategy, BMW (ETR:BMWG) announced on Wednesday that it will begin selling vehicles directly…
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank (NYSE:MTB) beat Wall Street estimates for third-quarter profit on Wednesday, as the Federal Reserve’s rapid rate…
Nasdaq beats profit estimates on strong demand for investment products
(Reuters) – Nasdaq on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes…
Sensex Drops 550 Points Amid Rising Oil Prices and US Interest Rates
Indian stocks took a hit on Wednesday, with the Sensex dropping 550 points as concerns about elevated oil prices, US…
Singapore to inspect Credit Suisse, others in money-laundering scandal
(Reuters) – The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit…
Amazon seeks to overhaul fulfillment with AI and robotics capabilities
Amazon (NASDAQ:AMZN) is set to introduce “an array of new artificial intelligence and robotics capabilities into its warehouse operations,” according…