By Anne Florentyna Gnanaraja Sekar and Ananya Mariam Rajesh (Reuters) -American Eagle Outfitters Inc cut its full-year revenue forecast on Wednesday, as demand for non-essentials, including apparel, slows down due to still-high inflation, sending shares of the company tumbling 18% aftermarket. Rising rent and product prices in the U.S. have compelled consumers to curb spending…
By James Oliphant and Jason Lange WASHINGTON (Reuters) – If Ron DeSantis hopes to defeat Donald Trump and win the 2024 Republican presidential nomination, he will ultimately have to bring every possible anti-Trump voter he can into the fold. But even that likely will not be enough, political analysts say. DeSantis will also have to…
By Sharon Bernstein and Steve Holland WASHINGTON (Reuters) – The White House and advocates on Wednesday decried a Florida school’s decision to remove the poem that celebrated author Amanda Gorman recited at President Joe Biden’s inauguration from the elementary school portion of its library, calling the move censorship. The poem by Gorman, who is Black…
By Tim Hepher PARIS (Reuters) -Airbus is not looking to launch a stretched version of its A220 jetliner in the current environment, the planemaker said on Wednesday, effectively knocking down speculation of a launch at the upcoming Paris Airshow. A larger version of the 110-130-seat small passenger plane has been on the horizon for some…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The central banks of South Korea and Indonesia announce interest rate decisions on Thursday, against a backdrop of growing nervousness across world markets that the U.S. could be sleepwalking to an unprecedented and catastrophic default. Bank of Korea…
(Reuters) -WeWork Inc CFO Andre Fernandez intends to resign on June 1, the company said on Wednesday, less than a year into the role and days after top boss Sandeep Mathrani announced his exit from the workspace provider. Chief Accounting Officer Kurt Wehner, who joined WeWork in October 2020, will take over as CFO. He…
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Wednesday it may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California’s strict emissions rules. In a communication to dealers seen by Reuters, the Italian-American automaker said to meet the California emissions rules “we may be compelled to allocate fewer conventional gasoline…
(Reuters) -WeWork Inc CFO Andre Fernandez intends to resign on June 1, the company said on Wednesday, less than a year into the role and days after top boss Sandeep Mathrani announced his exit from the workspace provider. Chief Accounting Officer Kurt Wehner, who joined WeWork in October 2020, will take over as CFO. He…
(Reuters) – Verizon Communications Inc held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining” measures that are all but certain to result in significant layoffs, the Verge reported on Wednesday. More than 6,000 employees were present on Wednesday’s call, the report said, adding that the consolidation measures could end…
By Katie Paul NEW YORK (Reuters) -Meta Platforms Inc, owner of Facebook, slashed jobs across its business and operations units on Wednesday as it carried out its last batch of a three-part round of layoffs, part of a plan announced in March to eliminate 10,000 roles. Dozens of employees working in teams such as marketing,…
