Target Warns Of Dull 2023 Profit As Heavy Discounts Sap Margins
By Uday Sampath Kumar (Reuters) -Target Corp on Tuesday forecast muted profit growth in 2023 and warned of the need…
Headlines
Target’s Holiday Sales Get Boost From Discounts, Warns On 2023 Earnings
By Uday Sampath Kumar (Reuters) -Target Corp posted a surprise rise in holiday-quarter sales on Tuesday on higher store visits…
Canada’s Economy Unexpectedly Stalled In Q4; January Rebound Likely
OTTAWA (Reuters) – The Canadian economy recorded no growth in the final three months of 2022, massively underperforming expectations, though…
Dollar Heading For First Monthly Gain Since September
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The U.S. dollar steadied on Tuesday, having lost ground a day…
Tesla’s China Sales Slow As Price-cut Boost Wanes
SHANGHAI (Reuters) – Tesla Inc’s electric vehicle (EV) sales in China rose last week but were still running short of…
China’s Communist Party Cautious On Economy, Reiterates Party’s Leadership
BEIJING (Reuters) -The Chinese Communist Party said on Tuesday that the foundation of economic recovery is not yet solid and…
Man Group Shares Surge On Bumper Performance Fees
By Nell Mackenzie LONDON (Reuters) -Hedge fund Man Group raked in its highest performance fees last year since before the…
UK Grocery Price Inflation Hits Record 17.1%
By James Davey LONDON (Reuters) – British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record…
China Urban Employment, Per Capita Spending Logged Rare Declines In 2022
By Joe Cash BEIJING (Reuters) -China’s urban employment fell for the first time in six decades last year and per…
Saudi’s SABIC Posts 94% Drop In Q4 Net Profit On Lower Average Sales Prices
DUBAI (Reuters) – Saudi Basic Industries Corp’s (SABIC) net profit for the fourth quarter fell 94% on lower average sales…