Under Armour expects dull annual sales, profit as demand slows
By Granth Vanaik (Reuters) -Under Armour Inc forecast annual sales and profit below Wall Street estimates on Tuesday, signaling that…
Business
Fed’s Jefferson says economy slowing in “orderly” manner
WASHINGTON (Reuters) – The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as…
Amazon begins selling toys, clothing through mobile games
By Arriana McLymore NEW YORK (Reuters) – Amazon said on Tuesday it had begun selling users of mobile games related…
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping…
U.S. home buyers persevere despite high rates, prices: study
By Nupur Anand NEW YORK (Reuters) – U.S. home buyers are still committed to their plans to buy a property…
Iveco to fully own venture with Nikola on electric, hydrogen trucks
By Giulio Piovaccari MILAN (Reuters) -Iveco Group is set to loosen ties with U.S. start-up Nikola as it said on…
Fisker cuts production forecast as challenges mount for EV startups
(Reuters) -Fisker Inc lowered its 2023 production target on Tuesday, the latest sign that U.S. electric-vehicle startups were struggling to…
US debt limit default could hit in early June to early August -think tank
By David Lawder WASHINGTON (Reuters) -The U.S. government will begin defaulting on its payment obligations between early June and early…
Explainer-Why the EU is restricting grain imports from Ukraine
(Repeats for additional subscribers) LONDON (Reuters) – The European Commission has announced restrictions on the imports of Ukrainian wheat, maize,…
Ford to test small UK fleet of hydrogen fuel cell E-Transit vans
By Nick Carey LONDON (Reuters) – Ford Motor Co said on Tuesday it will test a small fleet of prototype…