U.S. manufacturing slumps further in May; employment picks up -ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid…
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U.S. first-quarter productivity revised up; labor costs growth lowered
(Refiles to remove extraneous words in paragraph 7) WASHINGTON (Reuters) – U.S. worker productivity slumped in the first quarter, though…
Analysis-US debt-ceiling deal dooms Biden’s revolutionary tax plans
By David Lawder WASHINGTON (Reuters) – U.S. President Joe Biden’s 2020 campaign promise to make wealthy Americans and corporations pay…
EV maker Lucid to raise $3 billion, mainly from Saudi’s PIF
By Akriti Sharma and Abhirup Roy (Reuters) – Lucid Group said it plans to raise about $3 billion through a…
IKEA stores owner Ingka buys warehouse software firm Made4Net
LONDON (Reuters) – The largest owner of IKEA stores has acquired supply chain software firm Made4Net as the Swedish furniture…
Russia to hold rates next week, 2023 GDP growth seen improving – Reuters poll
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Russia will hold its key lending rate at 7.5% next week, a…
C3.ai shares slump as revenue forecast fails to live up to AI hype
By Medha Singh (Reuters) -Shares of C3.ai Inc dropped nearly 20% in early trade on Thursday after the AI software…
Chewy gets its bark back with foray into Canada, forecast raise
By Vansh Agarwal (Reuters) -Shares of Chewy Inc surged 27% in early trading on Thursday after the pet products e-retailer…
Salesforce shares drop on slowest revenue growth in more than 10 years
By Samrhitha A (Reuters) – Salesforce Inc fell about 7% on Thursday after reporting quarterly revenue that increased at its…
Canadian factory activity slips back into contraction in May
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity slowed in May as high inflation and inventory cutting held back…