Stocks in debt ceiling danger zone after U.S. rating warnings
(Reuters) – Markets were stuck in debt ceiling limbo on Thursday, while Europe largely shrugged off news that its biggest…
Ralph Lauren posts surprise rise in quarterly sales on steady demand
(Reuters) – Ralph Lauren Corp reported a surprise rise in fourth-quarter revenue and easily beat profit estimates on Thursday, as…
Dollar Tree cuts annual profit forecast on slowing demand
(Reuters) – Dollar Tree Inc on Thursday cut its annual profit forecast as high inflation dampens demand for higher-margin items…
Lufthansa CEO heading to Rome to discuss ITA Airways deal -Ansa news agency
(Reuters) – Lufthansa CEO Carsten Spohr is heading to Rome to discuss taking a planned stake in ITA-Airways, Italian Economy…
Switzerland speeds up work on liquidity backstop after Credit Suisse crash
(Reuters) – The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit Suisse…
Stellantis invests in US start-up Lyten to develop lithium-sulfur batteries
(Reuters) – Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites…
Medtronic forecasts annual profit below estimates
(Reuters) – Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as the medical device maker expects stronger…
Euro slips as Germany enters recession, dollar hits 2-month peak
(Reuters) – The euro dropped on Thursday as Europe’s largest economy Germany was confirmed to be in a recession, while…
Royal Bank of Canada, CIBC report fall in earnings on higher provisions
(Reuters) – Royal Bank of Canada and CIBC reported a drop in second-quarter profit on Thursday, as tough economic conditions…
Blockchain.com CEO says US default would hit crypto initially
(Reuters) – A U.S. government default would trigger an initial pull-back from crypto currencies followed by a “push upward” the…