Under Armour’s upbeat margin forecast blurs weak North America
(Reuters) – Under Armour on Wednesday raised its annual gross margin expectations as the sportswear maker benefits from abating cost…
Citigroup plans 10% workforce reduction under ‘Project Bora Bora’
Citigroup Inc (NYSE:C). is in the early stages of implementing a restructuring strategy known as ‘Project Bora Bora’, under the…
General Motors GM recalls Cruise driverless cars following accident involving pedestrian
General Motors (NYSE:GM) and the National Highway Traffic Safety Administration (NHTSA) announced Wednesday that the automaker’s self-driving unit, Cruise will…
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.16%
Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Energy & Utilities, Real Estate Development…
Nigerian naira weakens against dollar despite speculation of recovery
The Nigerian naira experienced a significant depreciation against the US dollar in the forex markets and the parallel market on…
What To Expect From Wix’s (WIX) Q3 Earnings
Website design and e-commerce platform provider Wix.com (NASDAQ:WIX) will be reporting earnings tomorrow before market hours. Here’s what to look…
Biden’s climate law boosts EV leasing, but sales trends remain unchanged
President Biden’s climate law, designed to spur investment in U.S. electric vehicle (EV) production, has had a significant impact on…
ECB policymakers keen to cool euphoria over inflation drop
(Reuters) – The European Central Bank needs to see further progress in dampening inflationary pressures, and companies along with governments…
M&S shares soar as first-half profit smashes forecasts
(Reuters) – Marks & Spencer (OTC:MAKSY) (M&S) expects full-year profit to leap more than 30% after an overhaul of its…
Meta to require disclosures for AI-created, altered political ads
(Reuters) – Meta Platforms (NASDAQ:META) on Wednesday said come 2024, advertisers will have to disclose when artificial intelligence (AI) or…