By Deborah Mary Sophia (Reuters) -Canada Goose Holdings forecast current-quarter sales below Wall Street estimates on Thursday due to choppy U.S. demand, taking the shine off of upbeat first-quarter results driven by a rebound in China and sending its shares down 7%. Demand for luxury goods in China has recovered sharply after the country lifted…
LONDON (Reuters) – Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. Inflation remains high across the globe, but in some big economies has cooled faster than expected. Upcoming decisions are on a knife-edge. Pausing too early could cause financial conditions to loosen…
By Maayan Lubell JERUSALEM (Reuters) -Israel’s Supreme Court began hearing on Thursday the first in a series of appeals linked to a judicial overhaul undertaken by Prime Minister Benjamin Netanyahu and his hard-right coalition, which has set off an unprecedented domestic crisis. A March amendment to a quasi-constitutional “basic law” limited conditions under which a…
(Reuters) -Shares of PayPal Holdings fell nearly 11% on Thursday as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. The stock was trading at $65.29, its lowest since mid-June. The company said higher provisions at its credit portfolio hit margins and that it had tightened underwriting standards on loans. The San…
By Aditya Soni (Reuters) – Qualcomm tumbled nearly 10% on Thursday after a gloomy forecast signalled more pain for the largest maker of smartphone chips from the ongoing slump in the consumer electronics market. The drop was set to erase about $14 billion from Qualcomm’s market value. The stock has risen 19% this year, but…
By Simon Jessop and Huw Jones LONDON (Reuters) – Is Ford doing a better job of cutting emissions than rival Toyota? Is BP greener than Shell? For investors looking to weed out climate laggards from portfolios, these are vital questions but existing guidelines on emissions reporting and new rules due to come in for the…
(Reuters) -E-cigarette maker Juul Labs is seeking to raise about $1 billion in a fundraising effort, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company said last July that it was in the early stages of exploring options including financing alternatives, to protect its business and help refinance an existing loan,…
LONDON (Reuters) -Adidas is still in the process of getting rid of around 100 stores as the German sportswear firm works towards a full wind-down of its business in Russia, CEO Bjorn Gulden said on Thursday. “We have about 100 stores that are not operational, and of course they have been offered on the market,”…
LONDON (Reuters) – The Bank of England said on Thursday that businesses expected slower increases in the prices they charge and the wages they pay to staff, citing the findings of a monthly survey. Output price inflation expectations for the year ahead slowed to 5.2% in the three months to July, down by 0.1 percentage…
WASHINGTON (Reuters) – U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the improving inflation outlook. Nonfarm productivity, which measures hourly output per worker, increased at a 3.7% annualized rate last quarter, the Labor Department said on Thursday. Data for the first quarter…
