By Jonathan Stempel (Reuters) – Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical concerns with China simmer. Owned by Warren Buffett’s Berkshire Hathaway since 1998, the fast-food chain counts China as its second-largest market, operating more than 1,250 stores there out…
By Ann Saphir (Reuters) – An extended period of high interest rates and an inverted yield curve could put more stress on banks, but would be necessary if inflation stays stubbornly high, Minneapolis Federal Reserve President Neel Kashkari said on Thursday. There is some evidence high inflation “is coming down, but so far it’s been…
NEW YORK (Reuters) – Shares of Peloton Interactive tumbled 6.0% in early trading and hit a more than six-month low on Thursday after the U.S. Consumer Product Safety Commission recalled two million of its exercise bikes due to injury risks. The stock was last at $7.08 after falling to $6.76, just ten cents above the…
(Reuters) – TuSimple Holdings Inc said on Thursday it had received a delisting notice from the Nasdaq for failing to file its quarterly report on time, sending its shares tumbling by about 20% in early trading. The exchange intends to suspend trading in shares of the autonomous driving technology company on May 15 unless it…
By Hilary Russ NEW YORK (Reuters) – Labor unions on Thursday asked a United Nations agency to investigate whether gaps in U.S. law have allowed Starbucks Corp to allegedly violate the rights of baristas organizing at the coffee chain’s cafes, a filing seen by Reuters showed. The complaint to the International Labour Organization (ILO), a…
MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone entity and is expected to generate strong core profit this year. Chief Executive Pietro Labriola on Thursday asserted that TIM had a viable future should he manage to complete the sale of its domestic landline…
WASHINGTON (Reuters) – U.S. producer prices rebounded modestly in April, leading to the smallest annual increase in producer inflation in more than two years, further evidence that inflation pressures were subsiding. The producer price index for final demand rose 0.2% last month, the Labor Department said on Thursday. Data for March was revised slightly to…
(Reuters) -The El Niño weather pattern was likely to form during the May-July season, with a more than 90% chance of the phenomenon persisting into the North Hemisphere winter, a U.S. government weather forecaster said on Thursday. A transition from neutral conditions could occur in the next couple of months, the National Weather Service’s Climate…
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting…
(Reuters) – Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speakers in a turbulent economy. The stock was down 21% in premarket trading, on course to erase nearly all of the…
