By Noel Randewich (Reuters) -While Wall Street frets that the Federal Reserve’s aggressive interest rate hikes will tip the U.S. economy into a recession, discussions on recent quarterly conference calls hint that corporations and analysts have become a bit less concerned. Terms related to an economic downturn have been uttered less on quarterly earnings calls…
By Noel Randewich (Reuters) -While Wall Street frets that the Federal Reserve’s aggressive interest rate hikes will tip the U.S. economy into a recession, discussions on recent quarterly conference calls hint that corporations and analysts have become a bit less concerned. Terms related to an economic downturn have been uttered less on quarterly earnings calls…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Niigata, Japan next week to participate in the Group of Seven (G7) finance ministers and central bank governors meeting, the Treasury Department said on Wednesday. Treasury said Yellen would work with G7 partners to strengthen the global economy, including by coordinating…
By David Milliken LONDON (Reuters) – Cucumbers, olive oil and cheese topped Britain’s inflation chart in March, while traditional fish and chips saw the biggest price rise for diners, according to a new price comparison tool released by the country’s statistics office on Wednesday. The cost of a cucumber was up a cool 52% in…
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc will allow guests to break their payments into installments and see the nightly price inclusive of fees while browsing as the company expects a record 300 million guest arrivals in 2023. The San Francisco-based company has been a big beneficiary of remote and hybrid work that…
By Tanvi Mehta and Chris Thomas NEW DELHI (Reuters) – India’s Wadia Group, the owner of cash-strapped Go Airlines (India) Ltd, is completely committed to the company, and has no plans to exit it, the airline’s chief executive said on Wednesday. The news came a day after the airline, recently rebranded as Go First, filed…
(Reuters) – Shares of major U.S. regional banks were volatile on Wednesday, after two straight sessions of declines following the collapse of the third U.S. lender and investors looked ahead to the Federal Reserve’s commentary at its policy meeting. The central bank is widely expected to raise its benchmark interest rate by another 25 basis…
(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the aviation and marine industries. Garmin’s diversified business is helping the company navigate a downturn in spending from recession-wary consumers, which pushed down sales at its outdoor unit – the biggest…
(Reuters) – U.S. engineering and industrial software firm Emerson Electric Co on Wednesday raised its fiscal 2023 outlook and reported better-than-expected quarterly earnings, on the back of strong demand for its automation systems in a tight labor market. Shares of the company were up 2.1% in premarket trading. The firm has benefited from companies worldwide…
By Lisa Richwine and Rollo Ross LOS ANGELES (Reuters) – Hollywood film and television writers went on strike on Tuesday, shutting down late-night TV shows, and took their demands for higher pay to the doors of major studios in a labor dispute that hinges on how the streaming boom is changing show business. Hundreds of…
