(Reuters) -Roku Inc said on Thursday it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid an economic slowdown and decades-high inflation. Tech companies including Meta Platforms Inc and Snap Inc have reduced staff this year as they grapple with a slowdown in growth and mounting…
(Reuters) – U.S. upscale department store chain Macy’s Inc raised its annual profit forecast on Thursday on resilient demand for high-end suits, gowns and beauty products as wealthier shoppers were undeterred by inflation. Luxury goods sales have held up relatively well for Macy’s as higher-income shoppers, eager to get back to social events after the…
(Reuters) -Crypto exchange Binance’s U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter. The report comes days after crypto exchange FTX, which was set to acquire Voyager’s assets after signing a deal in September, filed for bankruptcy following a liquidity…
FRANKFURT (Reuters) – Thyssenkrupp is not ruling out a sale, spin-off or merger of its steel division to realise a stand-alone scenario it deems best for the business, but added there were no talks currently with German rival Salzgitter about a tie-up. “Consolidation in the steel business is an issue that has been discussed for,…
By Harry Robertson and Tom Westbrook SINGAPORE (Reuters) – The dollar was little changed on Thursday as investors digested mixed U.S. economic data, while the British pound rose ahead of the government’s budget update. The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central…
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.8% in the August-October quarter, improving for the sixth consecutive period as economic activities revive in an easing COVID situation, the government said on Thursday. In the July-September period, the unemployment rate stood at 3.9%. “As long as the epidemic remains under control…
(Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. Bankman-Fried said later on Twitter that the basis of the interview, an exchange of messages on the same platform, was not supposed to be public. The…
ZURICH (Reuters) – Siemens posted a better than expected fourth quarter profit at its industrial business on Thursday and said strong demand continued for its factory hardware and software. The German engineering and technology group said industrial profit rose 38% to 3.16 billion euros ($3.28 billion) in the three months to the end of September,…
By Tom Westbrook and Kevin Buckland SINGAPORE (Reuters) – The dollar rebounded on Thursday as strong U.S. retail data cast doubt on the recent narrative that inflation is in retreat and U.S. interest rates need not rise too much further. The risk-sensitive Aussie tumbled as Hong Kong’s Hang Seng led a tech-driven slide in Asian…
TOKYO (Reuters) -A Japanese automobile lobbying group “firmly opposes” a plan for mileage tax on electric vehicles (EVs), an official of the group said on Thursday, adding that it would slow electrification efforts. “We are firmly opposed to the hasty introduction of measures such as a mileage tax without public discussion,” said Seiichi Nagatsuka, vice…
