Michael Kors owner Capri cuts revenue forecast as US demand wavers
By Savyata Mishra (Reuters) -Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for…
2023
German inflation drops to lowest level in more than a year
By Maria Martinez BERLIN (Reuters) -Germany on Wednesday joined a list of major euro zone economies reporting a bigger than…
Elon Musk scheduled to visit Tesla’s Shanghai plant on Weds night – sources
SHANGHAI (Reuters) – Elon Musk is scheduled to travel to Tesla’s Shanghai factory on Wednesday night to meet with staff…
Canada’s Q1 growth outperforms, increases odds for rate hike
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s economy expanded faster than expected in the first quarter and likely…
AI boom triples valuation of Lightmatter, US startup using light for computing
By Jane Lanhee Lee OAKLAND, California (Reuters) – Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday…
Default wave imminent, will peak in 2024- Deutsche Bank
LONDON (Reuters) – A wave of debt defaults by companies in the United States and Europe is imminent, due in…
U.S. job openings rise to 10.103 million in April
May 31 (Reuters) – U.S. Labor Department report of job openings and labor turnover, seasonally adjusted. Rates (percent) Apr 2023…
Debt ceiling bill will pass, No. 3 U.S. House Republican says
(Corrects to describe bill as bipartisan, not Republican) WASHINGTON (Reuters) – The U.S. House of Representatives will have the votes…
U.S. House Speaker McCarthy vows debt ceiling bill to become law
WASHINGTON (Reuters) – The bipartisan debt ceiling bill will become law, U.S. House of Representatives Speaker Kevin McCarthy said on…
Private astronaut crew, including first Arab woman in orbit, returns from space station
By Steve Gorman (Reuters) -An all-private astronaut team of two Americans and two Saudis, including the first Arab woman sent…