By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks slid from two-month highs and the safe-haven dollar weakened on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. Stocks in Europe pared overnight losses in Asia after Poland’s president…
WASHINGTON (Reuters) – United Airlines said Wednesday it expects to carry 5.5 million passengers during the Thanksgiving travel period, up about 12% over 2021. The U.S. carrier will operate more than 3,700 flights per day on average during the Nov. 18-30 period. United forecasts it will carry about as many passengers over the holiday as…
(Reuters) – Canada’s commodity-inclined stock index fell at open as oil prices declined and data showed Canada’s annual inflation reading remained unchanged. The Toronto Stock Exchange’s blue-chip composite index fell 65.81 points, or 0.33%, to 19,928.97 at open, after closing higher in the previous session. (Reporting by Johann M Cherian in Bengaluru; Editing by Shinjini…
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October, boosted by purchases of motor vehicles and a range of other goods, suggesting that consumer spending could help to underpin the economy in the fourth quarter. The Commerce Department said on Wednesday that retail sales rose 1.3% last month. Data for September was…
(Reuters) – TJX Cos Inc raised annual same-store sales forecast on Wednesday, as inflation-hit consumers turn to the discount store for affordable clothing and home decor items ahead of the crucial holiday season. Lower-income consumers have shown a preference for shopping at stores that offer products at cheaper prices as the United States stares at…
(Reuters) – Shares in U.S. retailers slid in premarket trade on Wednesday after Target Corp warned of a gloomy outlook for crucial holiday quarter sales and announced plans to save up to $3 billion in cost cutting to shore up profits. Target shares were forecast to open nearly 14% lower, dragging down other retailers. Macy’s…
By Amanda Cooper LONDON (Reuters) – Global stocks pared losses and the dollar fell on Wednesday after U.S. President Joe Biden told G7 and NATO partners that a missile blast in Poland was caused by a Ukranian defence missile, dispelling fears that it originated from Russia. Initial relief among investors was enough to encourage some…
By Josh Ye HONG KONG (Reuters) – Tencent Holdings on Wednesday reported a second straight quarterly revenue drop, as China’s economic slowdown and regulatory crackdown hit its ad and gaming businesses. Tencent, the world’s largest video game company and the operator of the WeChat messaging platform, said revenue fell 2% to 140 billion yuan ($19.8…
By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp rolled out a 2-litre plug-in version of its Prius on Wednesday, in an attempt to reboot the 25-year-old hybrid that was once at the cutting edge of low-emissions technology and appeal more widely to cost-conscious drivers. Toyota billed the new Prius, with its shark-like front and…
By Kevin Buckland and Ankur Banerjee TOKYO (Reuters) – The safe-haven U.S. dollar’s early gains fizzled following volatile trading on Wednesday as traders took comfort from U.S. President Joe Biden’s remarks that a missile that caused a explosion in Poland may not have been fired from Russia. NATO-member Poland and Ukraine say the blast that…
