American Eagle sees second-quarter revenue above previous forecast
(Reuters) -American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above…
August 2023
BMW closes in on EV target but ‘too soon’ to call end of combustion engines
By Victoria Waldersee BERLIN (Reuters) -BMW said it was raising investment in electrification faster than planned but that it was…
China opposes planned U.S. visit by Taiwan vice president
BEIJING (Reuters) – China on Thursday said it firmly opposes any form of official exchange between the United States and…
USA Today-publisher Gannett raises profit targets as ad demand rebounds
(Reuters) – USA Today-publisher Gannett Co boosted its annual earnings expectations on Thursday, as advertising demand recovers from post-pandemic lows….
Fed’s Barkin: Inflation still too high, hopes recent data is ‘a sign’
(Reuters) – U.S. inflation remains too high, although recent readings showing price pressures have eased notably were welcome, Richmond Federal…
Cummins misses profit expectations on high manufacturing costs
(Reuters) – Engine maker Cummins reported a second-quarter profit on Thursday that missed analysts’ estimates, hurt by high manufacturing costs….
Burned-out car carrier arrived at Dutch port for salvage
AMSTERDAM (Reuters) -The car carrier that caught fire last week off the coast of the Netherlands has arrived at the…
Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
ZURICH (Reuters) – Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade…
In Zimbabwe, a post-Mugabe economic revival remains elusive ahead of vote
By Nyasha Chingono HARARE (Reuters) – When Zimbabwe’s President Emmerson Mnangagwa came to power nearly six years ago after the…
Regeneron expects FDA decision on high-dose eye drug this year, shares jump
(Reuters) -Regeneron Pharmaceuticals expects a U.S. decision on a higher-dose version of its blockbuster eye disease drug Eylea in the…