U.S. pending home sales unchanged in April
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes were unchanged in April amid tight inventory, which could delay…
Business
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
(Reuters) -Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday,…
German economy entered recession as inflation hurt consumers
BERLIN (Reuters) – The German economy was in recession in early 2023 after household spending in Europe’s economic engine finally…
First Republic Bank paid some employees salaries of more than $10 million before collapse – Bloomberg News
(Reuters) – First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before…
Electric truck maker Nikola receives delisting notice
(Reuters) – Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its…
Dollar Tree cuts profit target on slowing demand, higher costs; shares slump
By Aatrayee Chatterjee and Granth Vanaik (Reuters) -Dollar Tree Inc on Thursday trimmed its full-year profit forecast after missing quarterly…
Medtronic’s profit forecast hit by stronger dollar, inflation
By Bhanvi Satija and Raghav Mahobe (Reuters) -Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as a…
U.S. triple-A credit rating put on downgrade notice by DBRS
LONDON (Reuters) -The United States was put on review for a downgrade by credit rating agency DBRS Morningstar on Thursday…
Orders surge for trans designer after Target pulls products
LONDON (Reuters) – Transgender designer Erik Carnell has seen a surge in demand for his pins, prints, stickers and T-shirts…
Alibaba says to hire this year, refuting layoff rumours
SHANGHAI (Reuters) -Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours circulating…