By Pratyush Thakur and Mike Stone (Reuters) -U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook as conflicts such as the war in Ukraine stoked demand for military equipment. But shares of the company were down around 2.5% over continued supply chain concerns and F-35 deliveries. Defense companies in the…
The surge of potential short squeeze plays has gained momentum in 2021 and continued throughout 2022, captivating the attention of new traders in search of lucrative opportunities. Certain characteristics, such as high short interest and steep borrowing costs, have emerged as common indicators that could trigger a short squeeze. Let’s take a closer look at…
By Jonathan Stempel (Reuters) -U.S. regulators on Tuesday announced a nationwide crackdown to stop companies from inundating people with billions of unwanted and illegal robocalls and telemarketing calls. The crackdown, known as Operation Stop Scam Calls, involves the U.S. Federal Trade Commission (FTC) and 101 other federal and state law enforcement authorities, including the attorneys…
SEOUL (Reuters) – A U.S. national was probably detained after crossing into North Korea on Tuesday during a tour in the “peace village” of Panmunjom, with its cluster of distinctive bright blue buildings and history of defections, tension and murder. Known formally as the Joint Security Area (JSA), in the heavily fortified Demilitarized Zone (DMZ),…
BEIJING (Reuters) -The United States should exercise sound strategic judgment in dealing with China, China’s defence minister Li Shangfu said while meeting veteran U.S. diplomat Henry Kissinger in Beijing on Tuesday. China has been committed to building stable, predictable and constructive Sino-U.S. relations, and hopes the United States can work with it to promote the…
By Blake Brittain (Reuters) – Yum Brands’ Taco Bell prevailed on Tuesday in its self-described bid to “liberate” the phrase “Taco Tuesday,” as competing fast-food chain Taco John’s told the U.S. Patent and Trademark Office (USPTO) it would abandon its federal “Taco Tuesday” trademark. Taco Bell had asked the USPTO in May to cancel the…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in June as receipts at service stations and building material stores declined, but consumers boosted or maintained spending elsewhere, which likely kept the economy on a solid growth path in the second quarter. Overall, the mixed report from the Commerce Department on…
By Andrew Gray and Marine Strauss BRUSSELS (Reuters) – European, Latin American and Caribbean leaders proclaimed a new era of increased political and economic cooperation on Tuesday but their summit meeting was clouded by wrangling over how to address Russia’s war in Ukraine. The gathering of some 50 leaders from the three regions in Brussels…
By Jeffrey Dastin (Reuters) – Microsoft on Tuesday said it would charge at least 53% more to access new artificial intelligence features in its widely used office software, in a glimpse at the windfall it hopes to reap from the technology. The company also said it would make a more secure version of its Bing…
WASHINGTON (Reuters) – Twenty-two Republican lawmakers urged the Federal Trade Commission to drop its fight against Microsoft’s deal to buy video game maker Activision Blizzard, calling it “an example of the FTC’s rejection of sound antitrust policy.” The lawmakers, all members of the Republican-controlled House of Representatives, in a letter sent on Monday to FTC…
