Cisco Crashes To 18-month Low As China Lockdown Raises Supply Doubts
(Reuters) -Cisco Systems Inc shares on Thursday touched an 18-month low after the company warned of persisting shortages in components,…
May 19, 2022
Harley-Davidson suspends production for 2 weeks, shares fall
Harley-Davidson announced a two-week suspension of vehicle assembly and most shipments, citing a regulatory compliance issue with one of its…
Home sales tumble again as mortgage rates surge
Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up…
Average long-term U.S. mortgage rates edge down to 5.25%
WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains…
Canada Goose Forecasts Upbeat Annual Sales, Profit On China Recovery Hopes
By Mehr Bedi and Deborah Mary Sophia (Reuters) -Canada Goose Holdings Inc on Thursday forecast annual sales and profit above…
McDonald’s To Sell Russia Restaurants To Local Operator
By Praveen Paramasivam (Reuters) -McDonald’s Corp is selling its Russia business to its current licensee Alexander Govor and the restaurants…
‘Twitter philanthropy’ reveals chasms in social safety net
Single father Billy Price was already struggling to make ends meet before someone broke into his Michigan storage unit, stole…
Kohl’s cuts annual forecast, as it gets stung with inflation
NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a…
McDonald’s era in Russia coming to a close, restaurants sold
McDonald’s is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of…
Cisco Falls On Dismal Outlook As Supply Shortage Bites
(Reuters) – Cisco Systems Inc shares were down 10% premarket on Thursday after the company warned of persisting shortages in…