BusinessEconomy Back-to-school sales to hit new record as shoppers keep up with essential buys – NRF The Cheap InvestorJuly 13, 2023July 13, 20230 (Reuters) – U.S. shoppers plan to spend a record $41.5 billion during the upcoming school year, a trade group forecast…
EconomyEurope Top US sanctions architect to lead Treasury’s financial crimes team -Yellen The Cheap InvestorJuly 13, 2023July 13, 20230 WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed…
BusinessEconomy Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion The Cheap InvestorJuly 13, 2023July 13, 20230 By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last…
BusinessEconomy Factbox-Analysts guarded as AI-driven US stock rally faces earnings test The Cheap InvestorJuly 13, 2023July 13, 20230 (Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled…
AsiaBusiness Factbox-Germany unveils strategy on China, trade partner and rival The Cheap InvestorJuly 13, 2023July 13, 20230 (Reuters) – Germany on Thursday passed its long-awaited China strategy after months of wrangling within Chancellor Olaf Scholz’s three-way coalition…
AsiaBusiness Alibaba’s Ele.me platform signs wages, safety contracts as tech crackdown ends – media The Cheap InvestorJuly 13, 2023July 13, 20230 BEIJING (Reuters) – Alibaba’s Ele.me on Thursday became China’s first delivery platform to sign collective contracts on wages and labour…
BusinessScience Virgin Galactic to launch second commercial space flight next month The Cheap InvestorJuly 13, 2023July 13, 20230 (Reuters) – Virgin Galactic Holdings said on Thursday that the space tourism startup will launch its second commercial flight in…
BusinessTechnology Musk’s Twitter sues four Texas entities for data scraping, seeks damages The Cheap InvestorJuly 13, 2023July 13, 20230 (Reuters) -Twitter has filed a lawsuit against four unnamed entities in Texas for data scraping last week, a move that…
AsiaBusiness Mitsubishi’s China JV to cut staff costs after SUV sales dive The Cheap InvestorJuly 13, 2023July 13, 20230 BEIJING/SHANGHAI (Reuters) – Mitsubishi Motors’ joint venture with China’s Guangzhou Automobile Group (GAC) on Thursday said it would cut staff…
AsiaBusiness Chindata says largest shareholder Bain will not sell stake after rival bid The Cheap InvestorJuly 13, 2023July 13, 20230 (Reuters) – Chindata Group Holdings said on Thursday Bain Capital, its largest shareholder, did not intend to sell any of…