(Reuters) – AMC Entertainment Holdings Inc’s shares fell 8% in premarket trading after the company’s results underscored fears that theater-going would not return to pre-pandemic lev[...]
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March 1, 2023
Canada’s RBC, National Bank beat profit estimates on rate hike boost
(Reuters) -Royal Bank of Canada (RBC) and National Bank of Canada reported profits ahead of expectations on Wednesday, as the Canadian central bank’s rate hikes boosted net interest incomes and[...]
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Dollar Tree sees weak 2023 profit as costs mount, shoppers curb spending
(Reuters) -Dollar Tree Inc forecast full-year profit below Wall Street estimates on Wednesday, as costs mount and consumers restrict spending on discretionary products like apparel and party supplies.[...]
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Turkey fines TikTok 1.75 million lira for weak data protection measures
ISTANBUL (Reuters) -Turkish authorities have fined TikTok 1.75 million lira ($93,000) for not taking sufficient measures to protect users from unlawful processing of their data, the Personal Data Prot[...]
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EV startups from Lucid to Rivian see demand fade, supply chain issues linger
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – U.S. electric vehicle startups are seeing an unsettling trend, with demand evaporating as potential customers look for deals or hold off[...]
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Lowe’s sees 2023 sales below market view on sagging demand
By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc forecast full-year sales below market expectations on Wednesday, hammered by weak demand for home improvement products as customers save up cash[...]
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Puma expects margin pressures to persist in 2023
By Alexander Hübner and Linda Pasquini (Reuters) – German sportswear maker Puma on Wednesday highlighted the pressures on its profit margins for the current year from higher costs and currency e[...]
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Investors pull around $6 billion out of Binance’s stablecoin
By Elizabeth Howcroft LONDON (Reuters) – Binance’s stablecoin, Binance USD, has seen around $6 billion of outflows following a U.S. regulatory crackdown on the company that issues the toke[...]
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Abercrombie & Fitch posts a fall in quarterly profit
(Reuters) – Abercrombie & Fitch Co on Wednesday reported a 41.5% drop in quarterly profit, as higher labor costs and inflationary pressures squeezed margins. The company’s net income a[...]
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