Wall St Slips As Strong Retail Sales Data Fuels Rate Worries
By Johann M Cherian and Sruthi Shankar (Reuters) – Wall Street’s main stock indexes fell on Wednesday after stronger-than-expected retail…
Headlines
U.S. Manufacturing Output Surges In January
WASHINGTON (Reuters) – Production at U.S. factories rebounded in January, but output in the prior month was much weaker than…
New York Factory Activity Contracts Less Than Expected In February, NY Fed Says
(Reuters) – The New York Federal Reserve said on Wednesday its barometer of manufacturing activity in New York State contracted…
Starbucks CEO Declines To Appear At U.S. Senate Hearing
By David Shepardson WASHINGTON (Reuters) -Starbucks Corp Chief Executive Howard Schultz declined an invitation from 11 senators to testify on…
Goldman Sachs Drops Plans For Direct-to-consumer Credit Card – CNBC
(Reuters) – Goldman Sachs Group Inc has dropped plans to develop a branded credit card for retail customers, CNBC reported…
Barclays Tightens Lending For Dirtiest Fossil Fuels
By Tommy Wilkes LONDON (Reuters) – Barclays on Wednesday said it was tightening lending criteria for coal power and would…
Kering To Name Group Level Image Executive Following Balenciaga Ad Controversy
PARIS (Reuters) – Kering is creating a new position at the group level to oversee “brand safety” following the controversy…
China Firmly Opposed To U.S. Blacklist On Chinese Entities, Will Take Countermeasures
BEIJING (Reuters) – China said it will take countermeasures against U.S. entities that undermine Chinese sovereignty, its foreign ministry said…
Glencore Declares $7.1 Billion Payout To Shareholders After Record 2022
LONDON (Reuters) -Glencore announced a payout of $7.1 billion to its investors on Wednesday, including a $1.5 billion share buyback,…
Gucci Slump Pushes Kering Sales Down 7% In Q4
PARIS (Reuters) – Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump…