Kering Flags Possible M&A And U.S. Expansion As Gucci Rides Luxury Sales Boom
By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) – Gucci owner Kering said on Thursday it was on the hunt…
AutoNation Results Top Estimates On Strong Demand For Used Cars
By Joseph White and Kannaki Deka (Reuters) -No. 1 U.S. auto retailer AutoNation Inc beat Wall Street estimates for fourth-quarter…
Weekly US jobless claims up, but remain historically low
WASHINGTON (AP) — Applications for U.S. unemployment benefits rose last week but remain near historically low levels, reflecting relatively few…
DoorDash Shares Surge On Revenue Beat, Stand Out Among Pandemic Darlings
(Reuters) – Shares of DoorDash Inc surged 26% in premarket trade on Thursday after the food-delivery company beat estimates for…
Adidas Says Will Grow In China In 2022
BERLIN (Reuters) – German sportswear company Adidas said on Thursday it would grow in its key market of China in…
Despite high inflation, Turkey keeps interest rate unchanged
ANKARA, Turkey (AP) — Turkey’s central bank on Thursday kept its key interest rate unchanged for a second consecutive month…
Walmart steers through inflation, boosting profit and sales
NEW YORK (AP) — Walmart muscled through rising inflation, a snarled global supply chain and surging costs related to COVID-19…
After 2 years of pandemic losses, a record profit for Airbus
AMSTERDAM (AP) — Airbus booked a record profit of 4.2 billion euros ($4.8 billion) last year as the aircraft maker…
Greek farm protests are a sign of Europe’s inflation anxiety
TYRNAVOS, Greece (AP) — In Greece’s rural heartland, tractors have become a symbol of anxiety. For weeks, they have been…
Tesla faces another US investigation: Unexpected braking
DETROIT (AP) — U.S. auto safety regulators have launched another investigation of Tesla, this time tied to complaints that its…