JPMorgan downgrades Target as U.S. consumer is ‘broadly weakening’
JPMorgan analysts downgraded Target (NYSE:TGT) shares to Neutral after previously placing the stock on Negative Catalyst Watch. Since then, the…
Analysts defend Salesforce as soft guidance prompts shares to fall
Salesforce (NYSE:CRM) reported better-than-expected first-quarter results and revenue guidance for the current quarter that topped expectations. Still, shares trade 5.5%…
Remy Cointreau keeps outlook as annual profit beat forecasts
(Reuters) -French spirits group Remy Cointreau reported a higher-than-expected rise in operating profit for its 2022/23 fiscal year and stuck…
Big Tobacco faces big EU counterfeit problem
(Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth…
Shares gain on U.S. debt bill passage, Fed pause talk
(Reuters) – Global shares rose on Thursday amid receding bets for a U.S. rate hike this month and relief over…
Russia’s FSB says U.S. NSA penetrated thousands of Apple phones in spy plot
(Reuters) – Russia’s Federal Security Service (FSB) said on Thursday that it had uncovered a U.S. National Security Agency (NSA)…
Dr Martens tripped up by tough U.S. market
(Reuters) – Dr Martens shares dropped more than 10% on Thursday after the British bootmaker warned investments would hit profit…
Explainer-Can a New York state law solve an emerging markets debt crisis?
(Reuters) – A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries…
Irish court orders wind-up of two Russian state-owned lessors
(Reuters) – Ireland’s High Court on Wednesday ordered the winding up of two sanctions-hit state-owned Russian leasing firms based in…
Gold edges lower, copper slides on disappointing Chinese data
Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while…