NEW YORK (AP) — Macy’s offered an upbeat outlook on Tuesday after reporting strong quarterly results that exceeded Wall Street estimates despite a slew of challenges from inflation to supply chain clogs. The New York company also said that it would not spin off its ecommerce division from its Macy’s and Bloomingdale’s stores, rejecting a…
By Elizabeth Culliford, Dawn Chmielewski and Supantha Mukherjee (Reuters) -At an ad industry conference in New York this month, one of the key architects of Spotify’s podcasting strategy outlined what she saw as the biggest challenge facing platforms: how to moderate content. Chief Content and Advertising Business Officer Dawn Ostroff, the television veteran who had…
Home Depot saw its sales remain strong in its fourth quarter as it continues to benefit from a sizzling housing market. Sales for the three months ended Jan. 30 rose to $35.72 billion from $32.26 billion. This beat the $34.88 billion that analysts polled by FactSet forecast. Sales at stores open at least a year,…
(Reuters) – Shares of Digital World Acquisition Corp, the blank-check company behind former U.S. President Donald Trump’s new social media venture, Truth Social, surged nearly 30% in premarket trading on Tuesday as the app climbed the charts after its debut on Apple’s App Store. Truth Social was launched on Sunday, potentially marking Trump’s return to…
BRUSSELS (AP) — Responding swiftly to Russian President Vladimir Putin’s order sending troops to separatist regions of Ukraine, world leaders hit back with non-military actions Tuesday in hopes of averting a full-blown war in Europe. Germany made the first big move, taking steps to halt certification of the Nord Stream 2 gas pipeline from Russia…
By Susan Mathew and Devik Jain (Reuters) – U.S. stock index futures slid more than 1% on Tuesday before recouping some of those losses as fears of escalating tensions in Ukraine gripped markets, pointing to another volatile session on Wall Street. The United States and its European allies are set to announce fresh sanctions against…
LISBON, Portugal (AP) — A fire aboard a ship carrying cars in the mid-Atlantic is dying out, a Portuguese navy officer said Tuesday, and the huge vessel is expected to be towed to the Bahamas. The blaze on the Felicity Ace has burned for six days near Portugal’s Azores Islands. A Portuguese Air Force helicopter…
LONDON (Reuters) – More British manufacturers plan to raise prices in the next three months than at any point since 1976, according to a survey on Tuesday that highlighted the inflationary forces that are buffeting the economy. The Confederation of British Industry (CBI) said a net balance of +77% of manufacturers surveyed this month planned…
BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis. The decision, which was criticized by Moscow, is a significant move for the German government. Scholz…
By John Chalmers and Robin Emmott BRUSSELS (Reuters) -European Union ministers said they would agree on Tuesday the first round of tough but incremental sanctions against Russia over its formal recognition of two breakaway regions in eastern Ukraine. Russian President Vladimir Putin’s announcement on Monday, followed by his signing a decree on the deployment of…
