US wholesale inventories revised lower in June
WASHINGTON (Reuters) – U.S. wholesale inventories fell more than initially estimated in June, which could have implications for the second-quarter…
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Goldman Sachs’ Rogers to step back from chief of staff role-memo
By Saeed Azhar NEW YORK (Reuters) – John Rogers, an influential Goldman Sachs executive, will step back from his role…
Exclusive-Snapchat under scrutiny from UK watchdog over underage users -sources
By Martin Coulter LONDON (Reuters) -Britain’s data regulator is gathering information on Snapchat to establish whether the U.S. instant messaging…
Fed may be at point to ‘hold rates steady,’ Harker says
By Dan Burns (Reuters) -Barring any abrupt change in the direction of recent economic data, the U.S. Federal Reserve may…
Under Armour posts surprise profit on easing cost pressures
By Granth Vanaik and Juveria Tabassum (Reuters) -Under Armour posted a surprise first-quarter profit and beat sales expectations on Tuesday,…
Walmart buys out $1.4 billion Tiger Global stake in India’s Flipkart – WSJ
(Reuters) -Walmart has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in its Indian e-commerce firm Flipkart…
Factbox-Major US banks downgraded by Moody’s on worsening outlook
(Reuters) – Ratings agency Moody’s on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will…
AMC sees ‘explosive start’ to third quarter on ‘Barbenheimer’ frenzy
(Reuters) -AMC Entertainment Holdings said on Tuesday the current quarter was off to a strong start, driven by box-office hits…
Canada posts biggest trade deficit in almost three years, analyst predicts ‘rough summer’
By Ismail Shakil and David Ljunggren OTTAWA (Reuters) -Canada’s trade deficit widened to C$3.73 billion ($2.77 billion) in June from…
Airbus open to potential partner in Brazil’s Helibras, executive says
By Gabriel Araujo SAO PAULO (Reuters) – Airbus would be open to sell a stake in helicopter maker Helibras to…