(Reuters) – Lululemon Athletica forecast full-year revenue above analysts’ estimates on Tuesday, signaling demand for athletic wear would remain consistent even as people return to offices and resume travel. The company forecast full-year 2022 revenue between $7.49 billion and $7.62 billion, while analysts are expecting $7.30 billion, according to IBES data from Refinitiv. (Reporting by…
By David Lawder and Kate Holton LONDON/WASHINGTON (Reuters) -The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of Ukraine, including military supply chains, Deputy U.S. Treasury Secretary Wally Adeyemo said on Tuesday. Adeyemo, speaking in London on a European trip to consult…
By Megan Davies and Ira Iosebashvili NEW YORK (Reuters) – The U.S. Treasury yield curve is flashing a warning sign to Wall Street, where many are worried that a recession could be in store after bond investors pushed up short-term rates to the point where yields on the two-year Treasury were actually higher than the…
NEW YORK xx (Reuters) – A key part of the yield curve inverted on Tuesday, as the 2-year U.S. Treasury note yield briefly rose above the benchmark 10-year U.S. Treasury note yield for the first time since September 2019. An inversion of the two-year, 10-year part of the curve is viewed by many as a…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dropped $2 on Tuesday, as talks progressed between Russia and Ukraine to end their weeks-long conflict, though Moscow negotiators clarified that it did not represent a ceasefire. Further weighing on oil futures, new lockdowns in China to curb the spread of the coronavirus prompted concerns about that fuel…
LONDON (Reuters) – Global energy trader Vitol Group made a record net profit of just over $4 billion for the full year 2021, sources familiar with the matter said. Vitol declined to comment. (Reporting by Julia Payne and Dmitry Zhdannikov; Editing by Chris Reese)
The Federal Trade Commission is suing TurboTax maker Intuit, saying its ads for “free” tax filing misled consumers. Intuit says it will fight the suit. The consumer protection agency said Tuesday that millions of consumers cannot actually use the free tax-prep software option — two-thirds of tax filers in 2020. They are ineligible, the agency…
WASHINGTON (AP) — The Senate on Tuesday agreed to consider the nomination of Lisa Cook for a position on the Federal Reserve’s Board of Governors on a 50-49 party-line vote. The result suggests that there is sufficient support in the evenly divided Senate to approve Cook, who would be the first Black woman to serve…
(Reuters) -Philadelphia Federal Reserve President Patrick Harker said on Tuesday he favors a “methodical” series of quarter-percentage-point interest rate increases, but is open to larger half-percentage-point hikes if inflation does not soon show signs of easing. “I have penciled in seven … 25-basis-point increases for this year,” including the one just approved at the U.S….
WARSAW, Poland (AP) — Poland’s government decided Tuesday to block imports of coal from Russia, part of an overarching strategy to reduce energy dependence on Russia that gained new urgency after Moscow’s invasion of Ukraine. Poland will impose financial penalties on any private entities importing Russian coal into Poland, with Polish customs officials carrying out…
