By Caroline Valetkevitch and Lance Tupper NEW YORK (Reuters) – Shares of Bed Bath & Beyond Inc edged higher in midday trading Tuesday but the stock remained under $1, leaving the home goods retailer at risk of losing additional funding from hedge fund Hudson Bay Capital Management, a pivotal investor. Bed Bath & Beyond’s stock…
By Johann M Cherian (Reuters) – Canada’s benchmark stock index extended gains for a second-straight session on Tuesday to its highest in a week, helped by gains in energy and financial shares, after data showed consumer inflation in February had eased more than expected. A Statistics Canada report showed consumer prices cooled unexpectedly in February…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern. The proposal limits recipients of U.S. funding from investing in the expansion of semiconductor manufacturing in foreign countries of concern…
OTTAWA (Reuters) -Canada’s annual inflation rate cooled more than expected in February, as a drop in gas prices and softer growth in shelter costs helped bring the consumer price index to its lowest level since January 2022, Statistics Canada data showed on Tuesday. The annual inflation rate dropped to 5.2% in February, beating economists’ forecast…
By Amanda Cooper and Tom Westbrook LONDON/SINGAPORE (Reuters) -Global shares rose on Tuesday, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a nasty surprise, and how central banks might respond. The Federal Reserve begins…
(Reuters) -Alphabet Inc’s Google suspended the Play version of PDD Holdings Inc’s Pinduoduo app for security concerns, after malware issues were found on versions of the Chinese e-commerce app outside Google’s app store, a company spokesperson said on Tuesday. “Off-Play versions of this app that have been found to contain malware have been enforced on…
SHANGHAI (Reuters) -BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world’s largest auto market is affecting its best-selling electric vehicle brand. BYD, which outsells Tesla in China, asked some of the workers at its Xian…
LAUSANNE, Switzerland (Reuters) – Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets in this month’s banking crisis, the U.S. bank’s head of commodities said. “As losses mounted, it spilled into commodities,” Jeff Currie, global head of commodities for Goldman Sachs, told the Financial Times Commodities Global Summit….
A look at the day ahead in European and global markets from Anshuman Daga Market gyrations are common but the scale of recent moves across asset classes due to a slew of bank takeovers has shocked even the most experienced traders and investors. Safe-havens such as gold and Treasuries are in high demand along with…
(Reuters) – Alphabet Inc’s Google suspended the Play version of PDD Holdings Inc’s Pinduoduo app after malware issues were found on the Chinese platform, a Google spokesperson said on Tuesday. “The Off-Play versions of the e-commerce app that have been found to contain malware have been enforced on via Google Play Protect,” the spokesperson said…
