Exclusive-H&M says it will “phase out” sourcing from Myanmar
(Reuters) – The world’s second-biggest fashion retailer H&M has decided to gradually stop sourcing from Myanmar, it told Reuters on…
U.S. 10-year Treasury yield hits highest since October, drags on shares
(Reuters) – The U.S. 10-year Treasury yield on Thursday reached its highest in 10 months, underpinned by fears that U.S.…
Tesla to begin mass output of revamped Model 3 in China
Tesla (NASDAQ:TSLA) is poised to begin mass production of the electric vehicle giant’s updated Model 3 in China as early…
Citi continues to recommend Apple as ‘iPhone 15 launch catalyst is on’
Citi analysts maintained a Buy rating and $240 per share price target on Apple (NASDAQ:AAPL) in a note Thursday. The…
Blue Shield of California drops CVS, taps Amazon and others to lower drug costs
(Reuters) – Non-profit insurer Blue Shield of California plans to drop CVS Health (NYSE:CVS) as its pharmacy benefit manager and…
Stellantis invests in direct lithium extraction project
Stellantis (NYSE:STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE)…
KeyBanc survey indicates weaker Apple iPhone sell-through trends
KeyBanc said in a research note Thursday that results from its July monthly carrier survey indicate slower Apple (NASDAQ:AAPL) iPhone…
Chile’s Codelco at risk of insolvency as debt grows, CESCO report says
(Reuters) – Chile’s Codelco, the world’s largest copper producer, is at risk of insolvency due to rising costs and a…
Cisco Systems and Ball rise premarket; CVS, Wolfspeed and Tapestry lower
U.S. futures traded higher Thursday, rebounding after two consecutive days of losses amid more earnings from the retail sector and…
Futures inch higher as investors assess Fed minutes; Cisco gains
(Reuters) – U.S. stock index futures edged higher on Thursday, a day after minutes of the Federal Reserve’s last policy…