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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…

  • Economy
  • Europe

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…

  • Business
  • Economy

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…

  • Business
  • Economy

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…

  • Asia
  • Business

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…

  • Asia
  • Business

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…

  • Business
  • Science

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…

  • Business
  • Technology

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…

  • Asia
  • Business

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…

  • Asia
  • Business

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…

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