By Ann Saphir (Reuters) -Richmond Federal Reserve Bank President Thomas Barkin on Thursday said that while there’s been “real progress” on inflation, he is still unsure if the U.S. central bank will need to push its policy rate higher to finish the job. “I do anticipate some sort of a slowdown, as I just have…
By Foo Yun Chee and Bart H. Meijer LUXEMBOURG (Reuters) -An EU tribunal made legal errors when it ruled in favour of Apple over a 13-billion-euro ($14 billion) tax order and should review the case again, an adviser to Europe’s top court said on Thursday, in a potential setback for the iPhone maker. The tax…
By Maggie Fick and Ludwig Burger LONDON (Reuters) -Eli Lilly on Thursday said it has not yet gained approval in Britain for the injection pen it plans to use for its Mounjaro drug against obesity and diabetes, adding to uncertainty over timing of the product’s launch. The drug itself was cleared for weight loss by…
(Reuters) -Domino’s Pizza Group on Thursday reported a fall in meal deliveries in the third quarter as customers cut back on ordering in as they grapple with higher living costs. Dominos Pizza Group, which owns, operates and franchises Domino’s stores in Britain and Ireland, said its like-for-like system sales were up 3.7% in the third…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney exceeded Wall Street’s earnings expectations on Wednesday as higher attendance at its Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC. Shares of the entertainment company rose 3% in after-hours trading to $87.14, signaling investor confidence in…
By David Shepardson WASHINGTON (Reuters) – The U.S. Senate voted 50-48 to overturn President Joe Biden’s decision to waive some “Buy America” requirements for government-funded electric vehicle charging stations but the White House said he would veto the measure. The White House argued the Republican bill would eliminate entirely the domestic manufacturing requirement for government-funded…
By Divya Rajagopal TORONTO (Reuters) – A handful of Canadian, German and Australian critical mineral explorers plan to command premium prices for key metals used in electric vehicles, promising quality and consistency in exchange for shifting reliance away from China, the dominant producer and price-setter. China controls 95% of the production and supply of rare…
By Jody Godoy (Reuters) – Target asked a Florida judge to dismiss a shareholder lawsuit that alleged the retailer ignored risks of offering LGBTQ-themed merchandise for Pride Month, saying the case has no basis. The U.S. retailer said in court papers filed Tuesday that investor Brian Craig merely disagrees with Target’s business decisions, and has…
By Aatrayee Chatterjee and Ananya Mariam Rajesh (Reuters) -Under Armour on Wednesday raised its annual gross margin expectations as the sportswear maker benefits from abating cost pressures even as it struggles with tepid demand in its biggest market of North America. The company’s shares, down about 29% so far this year, were last up 5%…
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that the Internal Revenue Service will be able to electronically accept 20 additional tax forms by early 2024, but warned its progress in modernizing systems and improving customer service would be hurt if Congress cuts the tax agency’s funding. In remarks…
