(Reuters) – Rivian Automotive Inc on Tuesday forecast 2023 production well below analysts’ estimates as it grapples with lingering supply chain bottlenecks, and announced a recall of more[...]
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February 28, 2023
AMC beats revenue estimates as ‘Avatar’ lures movie fans
(Reuters) -AMC Entertainment Holdings Inc beat Wall Street estimates for fourth-quarter revenue on Tuesday, as box-office hits such as “Avatar: The Way of Water” made movie-goers flock to[...]
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Oil rebounds almost 2% on China growth hopes
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose nearly 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong economic rebound in China offset worries about U.[...]
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EU antitrust regulators scrap investigation into Coca-Cola, bottlers
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators on Tuesday scrapped an investigation into potential anti-competitive practices by The Coca-Cola Co and its bottlers, Coca-Cola Europa[...]
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EU antitrust regulators narrow charges against Apple
By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) -EU antitrust regulators on Tuesday narrowed their case against Apple, focusing on its App Store rules that prevent developers from informing use[...]
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US retailers’ lure cash-strapped customers with products under $5
By Siddharth Cavale and Uday Sampath Kumar NEW YORK (Reuters) – Retailers have a new sweet spot: products that cost $3 to $5. Target said on Tuesday that it would be stocking its shelves with mo[...]
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U.S. consumer confidence retreats, house price inflation cools further
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence unexpectedly fell in February, with the decrease concentrated among lower-middle-income households, though Americans grew more u[...]
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Marketmind: China manufacturing PMI, Aussie GDP top data deluge
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A bumper data dump on Wednesday kicks off the new trading month in Asia, with China’s manufactur[...]
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Airbus criticizes US Inflation Reduction Act for challenging European aerospace firms
WASHINGTON (Reuters) -The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate it[...]
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