Abercrombie & Fitch shares surge on surprise profit, sales forecast raise
(Reuters) – Abercrombie & Fitch Inc on Wednesday posted a surprise quarterly profit and lifted its full-year sales forecast, as…
TSX tumbles as bank earnings, US debt deal uncertainty weigh
(Reuters) – Canadian shares hit a near two-month low on Wednesday after the country’s top two lenders reported disappointing quarterly…
Wall St slides on default worries as debt ceiling talks drag on
(Reuters) – Wall Street indexes slipped on Wednesday as talks between the White House and Republican representatives on raising the…
Boeing looks to embed experienced pilots with new airline customers
(Reuters) – Boeing (NYSE:BA) Co is deploying experienced pilots to airlines that are training their employees to fly Boeing aircraft,…
Chipmaker Analog Devices forecasts weak third-quarter results, shares fall
(Reuters) – Analog Devices Inc (NASDAQ:ADI) said on Wednesday that a turbulent economy would weigh on its third-quarter results, sending the chipmaker’s…
UK Inflation Slips to 8.7%, Posing New Challenges for the Bank of England
Consumer prices for April dropped less than what the Bank of England had projected, raising prospects for more rate hikes.…
LVMH Shares Slide 5% as Investors Step Back from Luxury Sector
A broad-based luxury corner selloff swept European markets as money managers grappled with a slowdown in the US economy. LVMH…
Sarepta tumbles 15% on 9001 decision delay; analysts see a buying opportunity
Sarepta Therapeutics (NASDAQ:SRPT) shares fell as much as 14.8% in early Wednesday trading after the medical research company said the U.S.…
XPeng sinks, following 1Q miss and weak forecast
Shares of Chinese electric automaker Xpeng Inc. (HK:9868) are down more than 5% in pre-market trading on Wednesday following its…
PacWest shares extend recovery on sale of real-estate lending unit
(Reuters) – Shares of PacWest Bancorp climbed 6.4% in premarket trading on Wednesday after the U.S. mid-sized lender agreed to…