Author Archives: Syndicated Content

By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) - Target raised its annual profit forecast on Wednesday and beat Wall Street expectations for second-quarter comparable sales as more Americans s...

DUBAI (Reuters) - The world's largest stablecoin, Tether, said on Wednesday it plans to provide a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps demand for the Gulf currency...

(Reuters) - Macy's missed market expectations for quarterly revenue on Wednesday as lingering weakness in U.S. consumer spending hurt demand for big-ticket, non-essential goods. The company's second-q...

OSLO (Reuters) - H&M will close down digital fashion outlet Afound later this year due to weak demand, the Swedish group said in a statement on Wednesday. "When evaluating Afound's current position, w...

By Casey Hall and Liam Mo SHANGHAI (Reuters) -China's largest ride-hailing company, Didi Global, swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million y...

(Reuters) -Off-price retailer TJX Cos raised annual profit forecast after quarterly results beat estimates on Wednesday, banking on gains from easing costs and strong demand for its affordable apparel...

By Nora Eckert DETROIT (Reuters) -Ford Motor is reshuffling its electric vehicle plans, killing its three-row SUV and delaying its next-generation pickup while adding a new pickup and van to its futur...

By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) - Global stocks will brush aside recent market turmoil and gain modestly from current levels in coming months, according to a Reuters poll of equ...

(Reuters) - Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics. A de...

PARIS (Reuters) - LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world's No. 2 econo...